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1 min read

Indian rupee slumps 18 paise to 76.62 against US dollar in early trade

Unabated foreign capital outflows and a strong American currency overseas also weighed on invest…

PTI   


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2 mins read

Peloton will now let some customers rent its pricey bikes for $60 to $100 a month — here's how it works

The rentals are much more affordable than Peloton's usual prices, which include at least $1,495 for…

Sarah Jackson   


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1 min read

New Peloton CEO describes what went wrong at the company: 'They spent money on things that they shouldn't have'

New Peloton CEO Barry McCarthy also told NYT's DealBook that the pandemic darling "got caught up in…

Sarah Jackson   


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11 mins read

The rise and fall of Peloton, from pandemic-era success story to its stock hitting a record low

Peloton's CEO Barry McCarthy is out after two years as the stock hit a record low. The fitness bran…

Avery Hartmans   


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2 mins read

Outgoing Peloton CEO John Foley takes the blame for Peloton's crash: 'We own this. I own this.'

"We've made missteps along the way," Foley said in his final investor call as Peloton CEO on Tuesda…

Ben Gilbert   


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1 min read

As Peloton fires over 2,800 employees, it's giving them a free 1-year subscription on the way out

Along with the layoffs, Peloton also announced CEO John Foley is stepping down, and the company is …

Ben Gilbert   


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2 mins read

Used car marketplace Cars24 has raised as much as Dream11 this year to set up operation overseas

Cars24 will use the recently-raised capital to fuel its brand’s global expansion in the Midd…

Karen K. Ho   


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2 mins read

Peloton stock jumps 12%, adding $3 billion to the connected-fitness company's market value after it turns its first quarterly profit

Strong demand for exercise equipment and online fitness classes drove Peloton's revenue up 172% yea…

Theron Mohamed   


Karen K. Ho   


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2 mins read

Peloton is raising subscription prices for the first time to $44 a month, but cutting prices on bikes and treadmills

Peloton has cut the price of its bikes and increased its subscription costs, attempting to bring mo…

Gabrielle Bienasz   


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2 mins read

Esports startup Mobile Premier League is now valued at $2.3 billion

A unicorn, in a startup parlance, is a company valued at over a billion dollars. Mobile Premi…

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1 min read

Peloton's 81% decline gets it kicked out of the Nasdaq 100 just one year after its inclusion

The swap between Peloton and Old Dominion sums up the ongoing rotation in the stock market out of g…

Matthew Fox   


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4 mins read

Reliance Retail acquires Kishore Biyani’s Future Group for ₹25,000 crore in a ‘slump sale’

With the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply C…

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6 mins read

Rapido shifts focus to logistics; sees 25% business recovery and aims for 1.5x growth next year over FY20

Rapido is now present in 100 cities serving over 10 million customers with 15 lakh+ registered Capt…

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14 mins read

Warren Buffett discussed Apple, Activision Blizzard, bitcoin, and inflation during Berkshire Hathaway's annual meeting. We live-blogged the event.

Buffett and his business partner, Charlie Munger, complained that people have been treating the sto…

Theron Mohamed   


Bethany Biron   


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2 mins read

Avery Hartmans   


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3 mins read

Peloton rebounded from its infamous 'wife' commercial to be the at-home fitness competitor to beat, with sales spiking 172%

The internet backlash about the "Peloton wife" ad didn't dampen growth - instead, as the pandemic f…

Avery Hartmans   


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3 mins read

A Harley Davidson dealer in Delhi shares his anxiety over the US luxury motor company's sudden exit from India

After years of mounting losses, Harley-Davidson's exit from India has turned out to be a nightmare …