Latest business news
Shares of United Spirits climbed over 3 percent on June 10 to touch a five-month high, following a media report that suggested its parent company Diageo was considering selling its stake in IPL franchise Royal Challengers Bengaluru (RCB). However, United Spirits swiftly issued a clarification, categorically denying any such development. In a regulatory filing with…
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…
Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including ‘Biryani By Kilo’, for ₹419.6 crore. The acquisition includes three brands of Sky Gate — Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company’s board…