Haldiram, known for its wide range of snacks and sweets, had a revenue exceeding INR 12,500 crore (USD 1.45 billion) in FY24. The deal is valued at approximately USD 10 billion, underlining the immense growth potential within India’s packaged food sector.
Category: Business
Starbucks unveils Peanuts-inspired collection to promote kindness and connection in India
The collection, which includes characters like Snoopy and the beloved Joe Kind Snoopy persona, embraces the core values of community and goodwill that both brands hold dear.
Amazon plans to layoff 14,000 managers by early 2025 as part of the cost-cutting drive: Reports
E-commerce giant Amazon is planning to reduce 14,000 jobs by early 2025 as its cost-cutting measure
Reliance Jio, Airtel ink deal with SpaceX to bring Starlink internet to India
Reliance Jio inks pact with Elon Musk’s SpaceX to bring Starlink internet to India
US share market sell-off: Dow drops 1,042 points as Wall Street gets spooked by spectre of “Trump recession”
The worry is that the whipsaw moves by the Trump Administration will either hurt the US economy directly or create enough uncertainty to drive US companies and consumers into an economy-freezing paralysis. The S&P 500 was down 9.1 per cent from its all-time high set on February 19.
Women’s Day 2025: ‘Women and Finance’ survey in India shows 90% of female rural entrepreneurs are diligent savers
The survey, conducted by Haqdarshak and DBS Bank India, has revealed that 100 per cent of respondents in Madhya Pradesh; 95 per cent in Maharashtra; and 73 per cent in Rajasthan set aside a portion of their income as savings.
Women’s Day 2025: Airbnb says female hosts in India earned over INR 2.6 billion in past year
Ahead of Women’s Day 2025 (on March 8), the global vacation rental platform Airbnb has released data on its female hosts in India, saying that 30 per cent of all Indian hosts are women, and that collectively they have earned more than INR 2.6 billion (USD 29.9 million) in the past year.
Artificial Intelligence to eliminate 4,000 jobs worldwide at DBS Bank over 3 years, even as Singapore braces for 2025 layoffs
Even as companies replace human employees with Artificial Intelligence, validating fears of “AI will take our jobs”, new jobs are being created in the field of Artificial Intelligence itself.
A BBC report on DBS said: “The bank’s outgoing chief executive Piyush Gupta also said it expected to create around 1,000 new AI-related jobs.”
Amgen unveils USD 200 million innovation site in Hyderabad to boost biotech initiatives
The company plans to invest USD 200 million through 2025, with additional sustained investments planned over the coming years, an official news release stated.
Flipkart Leap Ahead selects five innovative startups for its third cohort
The flagship startup accelerator program by Flipkart focuses on enabling technological synergy within the startup landscape and accelerating the growth of early-stage startups.
