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Skyscanner, with revenues and traveller searches for the company growing by around 35-40% in the country this year, said CEO John Mangelaars in an interview with ET. Skyscanner is a global travel app that helps travellers find the right deals across segments such as flights, hotels and car hire options. The company claims it searches more than 80 billion prices everyday, so travellers can be sure they've seen the best possible options, all in one place. “Visitors are up 40% in India and business is also up close to 40%. India is among the top ten markets in terms of revenue. I think it will be among our top three markets over the next few years. And in three years, Skyscanner will be among the top five companies in terms of market share in India,” he said.

Oil company Phillips 66 has announced that it plans to shut down a Los Angeles-area refinery that accounts for about 8% of California's refining capacity The company indicates it will remain operating in California

Hammond, who is also head of international distribution for iM Global Partner and CEO of iM Global Partner UK, is departing to pursue other business and personal interests. A spokesperson for the firm told Investment Week: «The company wishes Jamie well in his future endeavours and appreciates his contribution over the last three years in building the international business and positioning iM Global Partner for the future.» iM Global Partner appoints Jamie Hammond as deputy CEO and head of distribution for EMEA Hammond took on the role in 2021, having joined from Alliance Bernstein...

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Gallium Nitride (GaN) semiconductor startup Agnit Semiconductors on Thursday said it has raised $3.5 million in a seed round led by 3one4 Capital and Zephyr Peacock – marking their first investment in India’s semiconductor sector. Along with two new investors, the company said the round also witnessed participation from former CEO of Cognizant and angel investor Lakshmi Narayanan. The five-year-old Bengaluru-based startup, which was also one of the nominees for the 'Top Innovator' category at the ET Startup Awards, has raised $4.87 million in total so far and plans to utilise the fresh funds to scale its production and commercial operations.

Infosys, India’s second-largest IT services company, added 2,456 employees during the second quarter of fiscal year 2025 (July-September). The total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June). In the June quarter, the headcount had dropped by 1,908 employees, marking six consecutive quarters of decline.

CBDT) to allow a different person to claim credit for TCS (tax collected at source) instead of the individual who made the payment when incurring specific expenses. This amendment aims to assist taxpayers in reducing their income tax liability by allowing them to claim the credit, rather than the person who originally paid the money, for the income to which it is attributed. The CBDT made this amendment via a notification dated October 16, 2024. The notification states, “Where under any provisions of the Act, the income of the collectee is assessable in the hands of any person other than the collectee, the credit for the tax collected at source, shall be given to such other person and not to the collectee.” Also Read: New tax form by CBDT to reduce salary TDS

total contract value (TCV) into revenue, said Nitin Rakesh, CEO and MD of Mphasis, in an exclusive interaction with ET following its Q2 earnings. Driven by a recovery in revenue growth, Mphasis reported a 4.6% sequential rise in net profit to ₹423.3 crore for the September quarter. On a year-on-year (YoY) basis, net profit was up by 8%. The company’s revenue for the same period grew 3.3% quarter-on-quarter (QoQ) and 7.9% YoY to ₹3,536.1 crore. The Bengaluru-headquartered firm also saw an improvement in operating margins, which rose by 40 basis points (bps) QoQ but declined by 10 bps YoY to 15.4%.

Fashion tech company ANNY announced that it has closed its seed funding round, led by FAAD Capital. The brand was founded in 2023 by Japjot Singh (Founder and CEO), Aveen Kaur (Co-Founder and COO), and Rahul Tanwar (Co-Founder and CTO). The company says that the seed funding will accelerate ANNY’s expansion, enabling investments in AI-driven technology for real-time trend adaptation, supply chain advancements, and top-tier talent acquisition. “With FAAD’s support, ANNY is poised to become the go-to fashion brand for women, offering stylish, accessible options for every occasion,” said Japjot Singh, Founder and CEO of ANNY, in a statement. “We’re excited to soon launch our mobile app and open our first physical store in early 2025, enhancing accessibility and convenience for our customers.”

As companies including Microsoft, Amazon, and Google rapidly expand their global data center capabilities, they are actively seeking new electricity sources. Amazon has signed three agreements to support the development of Small Modular Reactors (SMRs), which are more compact and potentially easier to deploy than traditional reactors.

European aircraft maker and Boeing rival Airbus said it's laying off 2,500 workers as it tries to turnaround its struggling defense and space division

RTX Corporation, the defense contractor formerly known as Raytheon, has agreed to pay the U.S. government $252 million to resolve criminal charges alleging it paid bribes to secure contracts with Qatar

Nikhil Kamath, co-founder of Zerodha, gathered industry titans to discuss one of the most debated topics in personal finance: buying a home versus renting. Kamath was joined by Irfan Razack, Chairman & MD of Prestige Group, Nirupa Shankar, Executive Director at Brigade Group, and Karan Virwani, CEO of WeWork India. The discussion revealed key insights into the advantages and challenges of each option. Kamath, who has long favored renting, shed light on the uncertainty that often comes with renting. “The thing with renting, of all the advantages of renting, there is one disadvantage: you don’t have foresight as to when you can move out of the house. I had to move out of this house, whereas I might have liked to stay longer in this house,” he said. Kamath explained that the inconvenience of having to move often sways people toward buying their own homes.

Replacing Hickman at the end of the year is Laura Mason. She currently serves as private markets CEO, having founded the team's alternative assets business and led its institutional retirement division.  She was appointed to her current role this summer, when the group announced plans to merge LGIM and the alternative assets platform Legal & General Capital as a «unified, global, public and private markets asset manager». Mason, who previously spent eight years as a consultant at Towers Perrin prior to the merger with Watson Wyatt, said she is «delighted» to take leadership of the tea...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Barry Diller has a memoir coming out next spring, covering a life that could fill multiple volumes

Some of the lowest-paid health care workers in California are getting a pay bump under a state law

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interim dividend of Rs 17 per share and has set the record date on October 25, 2024. The announcement was made along with company's Q2FY25 earnings. L&T Technology reported marginal rise of 2% in its consolidated net profit at Rs 320 crore for the second quarter ended September 2024. The same stood at Rs 315 crore a year ago. Revenue from operations in the reporting period increased 8% year-on-year to Rs 2,573 crore, compared with Rs 2,386 crore in the same period of last year.

For the three months to the end of September 2024, Quilter channel gross inflows and net inflows onto the platform increased by 22% and 31% respectively year-on-year, according to a trading statement published on Wednesday (16 October). Fidelity and abrdn among firms joining new trade body for investment platforms Its IFA channel gross inflows onto the platform increased by 76% year-on-year. Net inflows increased by £1bn on the comparable period to £821m (Q3 2023: £187m net outflow). Quilter CEO Steven Levin said: «In what is traditionally the slower summer quarter, we have deliver...

The blunder occurred when a job seeker applied for a content-related position at Narang’s company. The applicant, instead of submitting a polished cover letter, sent a document filled with placeholder text typically found in AI-generated templates. The letter included phrases like, “I’m proficient in [mention your key skills], and I’m passionate about [explain briefly how you can add value].” It was clear that the candidate had forgotten to replace the placeholders with personal details, making the application incomplete and impersonal.