Zomato is set to pay ₹2,048 crore to acquire Paytm’s movie and events ticketing businesses, according to a BSE filing. This Paytm-Zomato deal will benefit Zomato in expanding its presence in the entertainment industry, while Paytm will refocus on its core banking services.   In accordance with the agreement, Paytm will transfer its ticketing platforms, TicketNew […]

Laxman Narasimhan steps down as chief executive and board member of Starbucks “with immediate effect,” the company said in a statement. Narasimhan left his position less than a year and a half, after he succeeded Howard Schultz.   He will be replaced by Brian Niccol, a renowned executive, who successfully turned around Chipotle. The 50-year-old executive […]