This week in the business and tech world, we saw a mix of intriguing developments, from the rise of certain startups to the strategic moves of established giants. Zepto and BluSmart earned spots on LinkedIn's list of top startups, while Vedanta and Adani Group made headlines for their respective corporate maneuvers. In the entertainment sector, a technical glitch led to the cancellation of Trevor Noah's shows, sparking a wave of fan outrage. Meanwhile, tech behemoths Google and HP are joining forces to produce low-cost PCs, aiming to enhance digital education in India.
Zepto and BluSmart Shine
Zepto and BluSmart have made it to the top of LinkedIn's esteemed list of best startups, a recognition that celebrates the innovators of India. The professional networking giant acknowledges the strides these startups have made, highlighting their contributions to the country's business landscape. Read the full article here.
Vedanta’s Strategic Moves
Shares of Vedanta Ltd and Hindustan Zinc were on the rise, following Hindustan Zinc's board's decision to explore a corporate restructuring to enhance shareholder value. This move could potentially aid Vedanta in managing its significant debt. In another development, Vedanta is reportedly considering demerging its diverse operations into separate listed entities to tackle the debt issues of its parent company, Vedanta Resources. Read the full article here.
Adani Group’s Auditor Shift and Stock Slide
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The Adani Group has appointed Ferguson Maidment & Co as the new auditor for its UK subsidiaries, replacing Crowe UK. This change comes amidst increased scrutiny over the group's financial dealings. In another development, shares of Adani Green Energy and Adani Energy Solutions dipped as Abu Dhabi's International Holding Company looks to sell its stakes in these firms. Read the full article here.
Trevor Noah’s Show Cancellation Sparks Outrage
Fans are expressing their disappointment and anger at Bookmyshow after the abrupt cancellation of Trevor Noah's shows in Bengaluru due to technical issues. The fans, who faced various inconveniences, are demanding accountability from the ticket-booking platform. Read the full article here.
Google and HP’s Affordable PCs for India
Google and HP are partnering to manufacture affordable Chromebooks in India, aiming to boost digital education in the country. The production of these low-cost PCs, priced between ₹20,000–₹30,000, is set to begin from October 2 at the Flex Facility near Chennai. Read the full article here.
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