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Monday, August 11, 2025
TopicBusiness

Topic: Business

Four-fold jump in WhatsApp Business’s user base in three years, says Mark Zuckerberg

Meta said it would shortly begin testing features which will help small businesses run ads that click to the messaging platform without the need for a Facebook account.

TCS and Transamerica terminate $2 billion contract due to challenging macro environment

The 10-year contract, signed in early 2018, involved TCS working with Transameria to enable the digitization of more than 10 million policies into a single integrated platform.

Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance

Backed by Asia's richest banker Uday Kotak, the early-stage negotiations value the company at around $800m. The stake the Swiss insurer wants to secure will be worth around $400m.

TikTok seeks up to $20 billion in merch sales this year in hopes to expand its e-commerce business

The development comes as the TikTok faces scrutiny from governments and regulators due to concerns that China could use the app to harvest user data or advance its interests.

Starbucks introduces smaller, cheaper Indian drinks to compete with domestic startups

The company is also planning products with domestic touches such as 'Indian-inspired' tea offerings, alongside expansion into smaller towns and cities.

Amazon’s India, South Asia cloud division head Puneet Chandok resigns

Vaishali Kasture will replace Chandok as interim head of the cloud unit from 31 August.

Industrialist, visionary, philanthropist – new book on Lala Shri Ram captures man behind DCM

Published by HarperCollins, 'Lala Shri Ram: The Man Who Saw Tomorrow' by Sonu Bhasin will be released on 2 June on SoftCover, ThePrint’s e-venue to launch digital ebooks.

North Korean hackers stole $721 million in cryptocurrency from Japan since 2017, reports Nikkei

Citing a study by UK blockchain analysis provider, the report said North Korea has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022.

Unicorns are passe. Cockroach is the buzzword as funding winter chills startup sector

Ongoing funding winter sparked by a host of factors, including Russia-Ukraine war, fear of a global recession, and dismal performance of the IPOs of some Indian companies.

Highs & lows of PayTM: How the original e-wallet provider reached first-ever operating profit

This journey to operational profitability has been a long one, and hasn’t been particularly easy for the company, says CEO Vijay Shekhar Sharma.

On Camera

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

Legacy of Air Chief Marshal LM Katre, the man who flew Spitfires & ushered IAF into a modern era

ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.