Nasdaq-listed Freshworks share price jumped more than 28% after the company announced upbeat third-quarter results along with a $400 million share buyback. However, the Saas major also said it would lay off its 660 employees to streamline operations. Freshworks said it will trim 13% of its workforce, or 660 employees, globally.
Open FlipCity gas distribution company Mahanagar Gas (MGL) has signed a pact with America's International Battery Company to form a joint venture to foray into battery cell manufacturing, the company informed on November 7. MGL will be investing an aggregate sum of Rs 230 crore, with MGL and IBC subscribing in the agreed proportion of 44:56 shareholding percentage, respectively.
Open FlipThe share allotment status for the initial public offering (IPO) of Sagility India is expected to be finalised today, November 8, 2024. The mainboard public offer closed with a decent demand across investor categories Thursday, November 7. The investors are now awaiting the company to finalise the share allotment status for the IPO.
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