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News aggregator DailyHunt’s parent company VerSe is set to lay off 350 employees in what the company called a ‘strategic transformation’ to overhaul its working methods. In a press release on late Saturday, VerSe said that it will streamline approximately 350 roles within the company. The layoffs will be made in May, it said. “To…
Small-cap stocks in focus: Small-cap stocks are currently at the forefront of the Indian stock market’s latest bull run, which resumed this week following a double boost — the Indo-Pakistan ceasefire and an easing of tensions in the US-China tariff conflict. Retail investors’ favourite segment has historically outperformed both mid- and large-cap stocks during sustained…
Mumbai: The Reserve Bank of India (RBI) on Thursday allowed foreign investors greater freedom to buy Indian corporate bonds, giving them a chance to purchase more short-term paper. The central bank removed short-term investment and concentration limits from its rules governing foreign investments in corporate bonds. This, it said, will provide greater ease of investment…
New Delhi, Apr 13 (PTI) Betting big on housing demand in smaller towns, HDFC Capital will invest ₹1,500 crore in Eldeco Group’s upcoming 18 residential projects across tier II-III cities with a total revenue potential of about ₹11,000 crore. HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, has created a…
Alphabet and Nvidia have joined major venture capital firms in backing Safe Superintelligence (SSI) — a startup co-founded by former OpenAI chief scientist Ilya Sutskever. Within months of its launch, the SSI rapidly became one of the most valuable AI startups, and was recently valued at $32 billion, reported Reuters, citing sources aware of the…