Streaming platform SoundCloud has announced to cut 20 per cent of its workforce "given the challenging economic climate and financial market headwinds".

SoundCloud CEO Michael Weissman wrote in an email that affected employees would be notified over the next several days, reports Billboard.

Mortgage financier HDFC Ltd on Friday said it has completed a $1.1 billion syndicated social loan facility at a 3.3 per cent coupon rate for financing affordable housing projects in the country, making it the largest social finance issuance.

This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a housing finance company/ private NBFC in India.

Adani Road Transport Ltd (ARTL), a subsidiary of Adani Enterprises on Thursday signed an agreement with Macquarie Asia Infrastructure Fund to acquire the latter's 56.8 per cent stake in Gujarat Road and Infrastructure Company Ltd (GRICL) and 100 per cent stake in Swarna Tollway Pvt Ltd.

The deal, executed at Rs 3,110 crore, will give Adani control over four stretches of toll roads in Andhra Pradesh and Gujarat and is expected to be completed by September, according to a company release.

The Public Health Agency of Canada confirmed 890 cases of monkeypox in the country.

The health agency said that of the confirmed cases as of Wednesday, 423 cases are from Ontario, 373 from Quebec, 78 from British Columbia, 13 from Alberta, two from Saskatchewan and one from the Yukon, Xinhua news agency reported.

Kerala-based Federal Bank has become the first bank to list its Payment Gateway platform on the TIN 2.0 platform of the Income Tax Department.

The TIN 2.0 platform went live on July 1 this year and the "Payment Gateway" has been enabled, providing one more payment option to taxpayers, who can now make their payments with ease, using modes such as Credit/Debit Card, UPI, NEFT/RTGS and Internet Banking.

Maharashtra Chief Minister Eknath Shinde faction on Wednesday told the Supreme Court that the rebel MLAs never left the Shiv Sena while emphasising that there was no split in the party.

The Shinde faction said it was "not anti-party, but intra-party" dispute after Uddhav Thackeray-led camp claimed that these MLAs stand disqualified for anti-party activities.

A day after the ED sealed Herald House, the Congress on Wednesday stepped up attack against the government and gave multiple adjournment motion notices in the Lok Sabha and suspension of business notice in the Rajya Sabha.

Congress MP Gaurav Gogoi gave a notice in the Lok Sabha to discuss the India-China border dispute issue.

With an aim to increase the power generation capacity of the central state of Madhya Pradesh and address the electricity problems in the region, a floating solar power plant is going to be built in Khandwa which will generate 600 Megawatt power by 2022-23, informed the officials on Wednesday.

Said to be the world's largest floating solar plant, the project is estimated to be worth over Rs. 3000 crores.

Drug major Sun Pharmaceutical Industries on Wednesday said its Chairman Israel Makov will retire from the company on August 29, 2022.

Makov is retiring upon the completion of his current term post the company's Annual General Meeting after having led the Mumbai-based company for ten years.

He was appointed a Board member and the Chairman in 2012.

Adani Power on Wednesday reported a consolidated net profit at Rs 4,780 crore for the June quarter (Q1). It reported a consolidated net profit of Rs 278 crore in the corresponding period last financial year.

The company's consolidated revenue from operations rose 109 per cent to Rs 13,723 crore compared to Rs 6,569 crore last year.

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