The Securities and Exchange Board of India (SEBI) has imposed fines on 15 entities after they allegedly made a profit of ₹2.09 crore through stock manipulation. The entities were found guilty of sending bulk SMSes disguised as stock tips from ICICI Securities. The fines, ranging between ₹5-8 lakh, were levied on Friday. According to SEBI, …
According to a report by Reuters, SoftBank Group Corp is planning a new round of layoffs at its Vision Fund investment arm as part of its ongoing cost-cutting measures. The layoffs, which could be announced within the next two weeks, are expected to affect up to 30% of the unit’s staff, including employees in the …
Byju’s, a prominent edtech company, is preparing for a critical week as it faces impending calls from lenders amidst escalating tensions. The exact nature of these tensions is not specified in your query, so I will provide a general response. Lenders typically play a crucial role in providing financial support to companies like Byju’s. If …
In an effort to combat the growing problem of fake reviews, Amazon has implemented an artificial intelligence (AI) system to detect and remove fraudulent product reviews on its platform. This move comes as part of Amazon’s ongoing commitment to maintaining the integrity of its customer reviews and providing reliable information to shoppers. This report delves …
NIC, an ice cream brand, has successfully secured $11 million in funding from Jungle Ventures, a prominent venture capital firm. The substantial investment will enable NIC to fuel its growth plans, expand its market presence, and further enhance its product offerings. NIC, known for its unique and innovative flavors, has gained popularity among ice cream …