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B2B unicorn Udaan sacks up to 350 employees in second round of layoffs in five months - Vimarsana News

B2B unicorn Udaan sacks up to 350 employees in second round of layoffs in five months

This is the second round of layoffs at the company in about five months. In June, the Bengaluru-based company had handed pink slips to 180 employees.

Chinese COVID testing firms report big profits as virus fight intensifies - Vimarsana News

Chinese COVID testing firms report big profits as virus fight intensifies

BEIJING (Reuters) - Several of China's largest medical testing companies have posted big increases in profit for the first three quarters of the year,...

Source: whbl.com
Udaan raises $120 mn in funding winter, plans IPO in 12-18 months - Vimarsana News

Udaan raises $120 mn in funding winter, plans IPO in 12-18 months

The Bengaluru-headquartered startup improved its unit economics by "1,000bps with equally strong improvements in both gross margins and operating cost. Get more Small Business News and Business News on Zee Business.

Source: zeebiz.com
China and South Africa strengthen relationship through fair - Vimarsana News

China and South Africa strengthen relationship through fair

The World Life Science Project Fair and China South Africa Docking Conference opened on Wednesday in Johannesburg, at which more than 130 medical units and companies from China and South Africa participated in sharing their latest achievements, aiming to seek opportunities for more cooperation in the future.

Metro Cash & Carry India prefers Mukesh Ambani's Reliance as its future owner - Vimarsana News

Metro Cash & Carry India prefers Mukesh Ambani's Reliance as its future owner

As Reliance emerges as the sole bidder for the German wholesale giant Metro’s India operations, key stakeholders seem to flock behind it.