New Delhi: Frontdesk, a startup overseeing over 1,000 furnished apartments across the United States, terminated its entire 200-person workforce on Tuesday after unsuccessful attempts to secure additional funding; according to sources, the mass layoffs occurred just seven months after the Milwaukee, Wisconsin-based startup acquired its smaller rival, Zencity. The dismissals, affecting full-time and part-time employees and contractors, were carried out via a brief Google Meet call on Tuesday afternoon, as recounted by an employee present at the virtual meeting. CEO Jesse DePinto informed the staff during the call that Frontdesk would be pursuing state receivership as an alternative to bankruptcy.…
Author: Ansh Singh
Ansh Singh
Ansh Singh is a journalist and writer who covers Entrepreneurship, Business, Startups, and Fintech. When not working, you will find him reading insightful case studies, exploring ideas online, and journaling by the beach.
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New Delhi: The share price of DMart witnessed a decline of nearly 4% to ₹3,940 per share after the release of the Q3FY24 business update, which fell short of analysts’ expectations. Despite the broader Indian benchmark indices approaching record highs, certain large-cap stocks, including Avenue Supermarts, the operator of the DMart retail chain, have struggled to gain momentum over the past two calendar years. In its latest report, the company disclosed a 17.18% improvement in standalone revenue from operations, amounting to ₹13,247 crore. This growth was fueled by a 5% increase in revenue per store to ₹1,565 million and an…
New Delhi: Samsung is preparing for the upcoming launch of its Galaxy S24 series, putting an end to a year of speculations and leaks. The Samsung Galaxy Unpacked event is reportedly scheduled for mid-January, where three models are expected: the Samsung Galaxy S24, Galaxy S24 Plus, and Galaxy S24 Ultra. Contrary to earlier leaks hinting at satellite connectivity for the Samsung Galaxy S24 Ultra, a recent report suggests that this feature is unlikely to be included, setting it apart from the iPhone 15 Pro Max. According to reports, the anticipated release of the Samsung Galaxy S24 Ultra is expected earlier…
New Delhi: On Tuesday, Prime Minister Narendra Modi’s YouTube channel achieved a significant milestone by surpassing 20 million subscriptions, distinguishing itself as the most subscribed channel among top global leaders. Notably, Narendra Modi is the sole world leader to attain this distinction, leading both international and Indian counterparts by a considerable margin. Comparatively, the global leader with the second-highest number of followers is former Brazilian President Jair Bolsanora, whose YouTube channel boasts 6.4 million subscribers, a fraction of the subscribers on Narendra Modi’s channel. Following closely is Ukrainian President Volodymyr Zelenskyy, whose channel has 1.1 million subscribers. The Narendra Modi…
Ahmedabad: In a groundbreaking strategic move, CLEAR Premium Water proudly announces undertaking a majority stake in KELZAI Volcanic Water, celebrated for its distinctive natural mineral water sourced from volcanic springs. This acquisition marks a momentous milestone for CLEAR Premium Water as it boldly charts its course toward expanding its product portfolio and pioneering innovation in the bottled water industry. KELZAI Volcanic water is a testament to the ancient tale of a million years ago when the supercontinent of Pangaea tore itself apart, which led to the formation of the mighty Indian subcontinent. The interaction of the rigid lithospheric plates led to…
New Delhi: Brioni, the epitome of luxury menswear, hosted an extraordinary affair at its First flagship store in the capital, welcoming an exclusive assembly of dignitaries and celebrities. The event showcased the latest FW’23 Collection, a masterful fusion of timeless craftsmanship and unbridled sophistication. The New Delhi boutique showcases Brioni’s extensive range of ready-to-wear clothing and accessories collections, complemented by the exclusive Bespoke service. In attendance were luminaries such as Rajiv Kumar, Ritesh Kumar, Shikha Begwani, Vinod Nair, Saurabh Bharara, Pushpa Bector, Dr. Kazem Samandari, Mumtaz and Faizal Patel, Siddhartha Tytler, Khalid Wani, Jeetinder Sandhu, and other influential personalities from…
New Delhi: The Reserve Bank of India (RBI) found itself at the center of a harrowing situation when it received a menacing email containing threats of bomb attacks. The ominous communication specifically targeted not only the RBI but also HDFC Bank and ICICI Bank. The sender, in a brazen display of audacity, demanded the immediate resignations of RBI Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman. The gravity of the situation escalated as the email detailed plans to plant explosives in the offices of these financial institutions. In a chilling turn of events, a total of 11 bomb threats…
New Delhi: The International Cricket Council (ICC) and Coca-Cola have recently unveiled an extensive eight-year global partnership covering ICC World events across all three formats. This comprehensive agreement encompasses all men’s and women’s tournaments, including the ICC Cricket World Cups, ICC T20 World Cups, and ICC Champions Trophies, extending until the conclusion of 2031. The primary objective of this extended collaboration is to enhance global cricket experiences and solidify Coca-Cola’s position as a longstanding partner of the ICC. As part of the deal, The Coca-Cola Company’s brands will serve as the exclusive non-alcoholic beverage partners for these prestigious events. The…
New Delhi: Cryptocurrencies experienced a tumultuous journey in 2023. Despite facing regulatory challenges, the crypto market yielded profitable returns throughout the year. Bitcoin, the pioneer cryptocurrency, witnessed a significant 160% increase in its price, marking the second-highest growth after the remarkable 350% surge in 2020. The crypto space grappled with various regulatory issues at the onset of the year, including incidents like the FTX and TerraLuma controversies, regulatory scrutiny, legal actions against major exchanges, and countries implementing measures due to concerns about the potential economic impact of private currencies. This created an atmosphere of negativity in the market. However, astute institutional…
New Delhi: Liminal, a leading provider of wallet and custody infrastructure solutions for trading applications, proudly announces its newest client, TIAR, a groundbreaking decentralized sports fantasy application. Liminal has established a reputation for solving the complex challenges of managing wallet and custody infrastructure for trading platforms with massive user deposits, large treasuries, and intricate transaction operations. This partnership marks a significant milestone in Liminal’s journey to expand its services beyond trading applications while upholding the highest standards of security, operational efficiency, and asset management. Liminal’s journey began with a mission to address the unique requirements of trading platforms operating in…
