Ed-tech firm Byju’s, despite being a major beneficiary of the pandemic-induced surge in online learning, unexpectedly witnessed a decline in revenue for FY21.

A social media celebrity and the app’s co-founder, Abhishek Asthana, discusses the company’s goals and his time on Shark Tank India. The Hood app is a platform that offers a forum for debates that are more democratic.

According to a senior corporate official, LTIMindtree intends to invest $40–50 million in artificial intelligence (AI) capabilities and services during the current fiscal year in order to establish a consistent revenue stream from the rapidly developing technology.

Elon Musk, the CEO of Tesla, recently disclosed that the firm would soon make an investment in India, which is a huge step for the nation.

“Government data reveals that Jan Aushadhi, the affordable medicine store in India, experiences significant sales from diabetes and cardiovascular drugs. With over 33% of total sales attributed to these conditions,

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

Santander, the Spanish bank, has announced the appointment of Pedro Castro e Almeida as the regional head for Europe, highlighting the region as a key driver for future growth. Castro e Almeida will be taking over from Antonio Simoes, who has been selected as the new CEO of Britain’s Legal and General Group.

The Axis Bank underwent a series of block deals, transacting a 0.6 percent stake that unleashed the exchange of 2.25 crore shares, valued at a staggering Rs 2,178 crore.

Although Walmart does not provide particular sales data for PhonePe and Flipkart, company leaders have recently emphasized the importance of these two businesses.

According to persons familiar with the current negotiations, Vodafone Idea Ltd (Vi) intends to inject total equity of 14,000 crores shortly as part of its business rehabilitation strategy. Existing promoters Aditya Birla Group (ABG) and Vodafone Group Plc from the United Kingdom would contribute half of the total sum, they claimed.

The company said in a statement that the London office, which will open later this year, will engage with institutions in the UK and assist the development of blockchain technology and entrepreneurs. It will be overseen by one of the firm’s general partners, Sriram Krishnan.

Swedish furniture giant IKEA is set to make India its priority market as it invites its investment arm, Ingka Investments, to establish a presence in the country. This move demonstrates IKEA’s commitment to expanding its operations in India and aligns with Ingka’s plans to finalize the second phase of expansion in the country this year.