Business
End of an Era? Indian Snack Giant Haldiram’s Up for Sale
The renowned Indian snack brand Haldiram is up for sale, attracting interest from global giants like Blackstone Inc., Bain Capital, and Temasek Holdings Limited. The 87-year-old empire commands a revenue of over Rs 10,000 crore with a widespread presence across 500 Indian cities and 100 countries. The sale’s impact on Haldiram’s employees and brand is eagerly anticipated by both the food industry and the Indian economy, while the reasons behind the sale remain undisclosed. The fate of Haldiram’s workforce also hangs in the balance.
Major Shakeup at Tesla: Musk Disbands Charging Team After Opening Up Network
Due to the increase in attacks around the world, Elon…
RuPay JCB Cardholders Get 25% Cashback on Foreign Spends: Here’s How to Avail
RuPay has launched a cashback offer for international JCB Debit and Credit cardholders, with 25% cashback on purchases in eight countries. The offer is valid from May 1 to July 31, providing up to Rs 15,000 cashback. Additionally, TCS rules apply for debit card purchases exceeding Rs 7 lakh annually.
Zerodha Rival Groww and Worldline India Get RBI Nod to Operate as Payment Aggregators, Stepping Up Competition in Fintech
Groww and Worldline ePayments India have obtained online payment aggregator licenses from the RBI. This allows Groww to process payments independently and expand its financial services. Worldline, known for point-of-sale terminals, can now venture into online payments. These developments align with RBI’s efforts to enhance digital payments and promote a secure financial environment.
Elon Musk Cancels India Visit, Citing “Heavy Tesla Obligations”
Elon Musk’s much-anticipated visit to India on April 21 and 22 has been canceled due to heavy Tesla obligations. Musk expressed his excitement to visit later this year. Speculation surrounds the postponement, linked to a crucial conference call on April 23 regarding Tesla’s first quarter results. Indian space startups were eager to meet Musk during his visit.
Elon Musk made a big deal for India, announcing that Tata Chips will be installed in Tesla automobiles
Elon Musk plans to visit India in April and is expected to announce major EV investments and a potential Tesla venture in the country. A deal between Ratan Tata’s company and Tesla has been signed for semiconductor chips, showcasing Tata Electronics as a reliable supplier. The visit could lead to a significant investment of 2 to 3 billion dollars in India.
India Shines! Tata Group Among World’s Most Innovative Companies
The world’s top 50 innovative companies are largely dominated by American firms, with half of them originating from the United States. In contrast, India’s Tata Group has emerged as the sole Indian representative, securing the 20th position. This diverse conglomerate showcases innovation across various sectors, surpassing Pakistan’s entire GDP in market cap.
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