The latest buzz is that the round will include an estimated $300 million worth of secondary share sales by some key backers of Swiggy. However, this is likely to be made at a discount to the valuation being negotiated for the primary investment.

The controversy is likely to cast a shadow over the South's biggest conglomerate, which eyes pharmaceutical and healthcare businesses as a future engine for growth beyond its flagship businesses of mobile handsets and microchip production.

Apple appoints Nokia's Ashish Chowdhary to lead India operationsApple has appointed Nokia's Chief Customer Operations Officer (CCOO) Ashish Chowdhary as operation head for India to oversee the sales function. Chowdhary had joined Nokia in 2003 and will take responsibilities in Apple from January 2019. Apple CEO Tim Cook had recently said how the company has a \"long-term focus on the market\" in India. Chowdhary, replacing the company's current India operations head Michel Coulomb could be a ...

Brent crude, used to price international oils, dropped 30 percent to $65.17 a barrel. Oil has now fallen for 12 straight days, driven by worries over rising oil production around the world and weakening demand from developing countries, with expectations for increased supply from the US and OPEC.

On Monday, the airline reported its third consecutive quarterly loss at Rs 1,261 crore in three months to September.

OYO Hotels said its expansion plan is likely generated over 6,000 direct and indirect jobs in the next five years.