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Venture
Observe.AI raises $8 mln
The California-headquartered company offers an artificial intelligence (AI) platform which provides call-centre agents with real-time feedback on customer sentiment.
Bystander
Leveraging the Indian workforce
More and more corporates are spending their corporate social responsibility (CSR) allocation on skilling. A new breed of entrepreneurs see the benefit.
Enterprise
PVR Cinemas to acquire SPI Cinemas
Ajay Bijli-led multiplex chain PVR reached an agreement to buy a 71.7% stake for Rs 633 crores in SPI Cinemas in its efforts to increase its presence in the south.
Enterprise
Jet Airways defers announcing Q1 results
The decision was taken after the audit committee did not recommend the results for the board’s approval “pending the closure of certain matters”.
Bengaluru Buzz
Flipkart never ceases to excite
Like Infosys in the IT space, the e-commerce giant has a lot of influence.
Enterprise
New turnaround plan for Air India
The state-owned carrier is saddled with a debt of over Rs 50,000 crore, a major reason why the government failed to receive any bids for a 76% stake in the airline.
New disclosure requirements perplex companies
The aim of the new process is greater transparency in the company structure, but there is a need for clarity on many aspects.
What most companies forget when fighting off cyberattacks
In these days of hi-tech cybercrime, the humble desk telephone poses the biggest risk.
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Enterprise
Will Tata Steel prioritise paring debt or inorganic growth?
The company’s liquidity position is robust with around Rs 25,000 crore in cash and cash equivalents. Will most of it go towards debt repayment or towards further acquisitions?
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Enterprise
SBI posts loss for the third straight quarter
SBI reported a loss of Rs 4,876 crore, with provisions more than doubling from last year.
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Enterprise
Bring jet fuel under GST: Indian airlines tell govt
The aviation industry says it is hard to compete with international fliers while it bears the brunt of a bunch of indirect taxes.
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Venture
KKR acquires 60% stake in Ramky Enviro Engineers for $530 mln
KKR’s investment in Ramky Enviro Engineers is also the first private equity buyout in the country’s highly attractive environmental services sector.
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Venture
Blackstone to invest in TaskUs
While Blackstone did not provide financial details of the transaction, according to a Bloomberg report the private equity major is buying a “large” stake for $250 million.
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Venture
Bike rental startup Metro Bikes raises $12.2 million
The money will be utilised to further scale the company’s network across Bengaluru, invest in technology and ramp up its presence across major cities in India by 2020.
Multimedia
Mahindra & Mahindra’s EV bet
Electric vehicles are the new black in the auto world. But as the market grows and competition drives in, can Mahindra consolidate and maintain pole position?
The popcorn effect
Pricey popcorn may give way to paranthas in multiplexes.
Learning platform Quizizz raises $3 mln
The funding raised in the latest round will support new products that help students master standards specific to their grade level, school, and state.
‘AI, virtual reality will change online learning’
As technologies such as AI, robotics, big data, and cloud evolve further, education tech is set for huge growth, says Krishna Kumar, founder-CEO, Simplilearn.
Auto component industry records 18.3% growth
The auto component makers group seeks a uniform GST of 18% on all auto components.
Ikea: The Swedish art of Indian living
Ikea’s Peter Betzel talks about the furniture brand’s vision for India and its first restaurant here.