Companies

Omidyar Network India To Wind Up Operations, Stops Making New Investments

What does Omidyar Network's surprise exit mean for India's investment landscape

Omidyar Network India surprises by announcing its exit from the Indian market by 2024 amid a dip in funding for the country's tech startups. Let's take a look at how this move could impact India's investment landscape.

Dec 12, 2023

Homegrown Fintech Startup ZestMoney To Shut Down

Why is ZestMoney shutting down; reasons behind downfall of homegrown fintech startup

ZestMoney was valued at $445 million and raised over $130 million from a range of investors, like Ribbit Capital, Omidyar Network, PayU, Xiaomi and Alteria Capital, among others.

Dec 6, 2023

Lithium-Ion batteries for Apple iPhone to be manufactured in India, minister says

Cabinet Minister Rajiv Chandrasekhar said that TDK Corp, a Japanese electronics manufacturer, will make lithium-ion battery cells for Apple iPhones in India

Dec 4, 2023

Make In India reaping fruits as Amazon eyes $20 billion exports by 2025: Top official

Amazon has slashed the subscription fees for its global selling programme from $120 to $1 for the first three months for exporters signing up before March 31

Nov 17, 2023

JioCinema inks deal with Pokemon Co. in kids entertainment push, report says

Under the deal, JioCinema will stream various Pokemon shows in various Indian languages

Nov 17, 2023

Dr. Reddy's Expands Core Business While Venturing Into Innovation In Q2 FY24

Dr. Reddy's reported a significant 33% jump in its consolidated profit after tax (PAT) for Q2 FY24, reaching an impressive $178 million, up from approximately $134 million in the same quarter the previous year

Nov 14, 2023

Kanwar Bir Singh Talks About Maximizing Efficiency of Businesses with The Help Of Automation Tools

Kanwar Bir Singh said Direct selling is not just about sales; it's about consistently finding ways to simplify tasks, helps us in creating an ecosystem where our distributors can thrive and achieve their full potential

Nov 6, 2023

It's complicated, confusing... R Madhavan's post on insurance highlights the need to simplify policies; Netizens couldn't agree more

Many of the users rued about the endless clauses inserted in the Terms & Conditions section, which makes it impossible to understand and know the benefits and pitfalls of a policy

Oct 31, 2023

Tatas set to write new India iPhone manufacturing story post Wistron plant acquisition

With Taiwanese electronics manufacturer Wistron selling its India operations to Tata Group for $125 million, Tata Electronics is going to become the first Indian company to manufacture new Apple iPhones in the country, which is a major fillip to the government's 'Make in India' initiative.

Oct 27, 2023

Murthy's 70-hr-a-week work call to youth triggers sharp reactions from founders [details]

Infosys founder Narayana Murthy's advice to youngsters in India, urging them to work 70 hours a week, has sparked sharp reactions from founders and leaders who said that while extended working hours can boost productivity, a balanced approach is equally necessary.

Oct 27, 2023

Bajaj Hindusthan Sugar in clear, petition dismissed; CCO hails NCLT's decision [read now]

With the news of NCLT's dismissal of petition against Bajaj Hindusthan Sugar, the company's shares witnessed a 2 percent surge, trading at Rs 23.99 at 1.15 PM, reflecting the positive sentiment surrounding the company.

Oct 26, 2023

air india express aviation civil air india market share profit modi revenue passengers plf market india

Air India Express to induct 50 new Boeing 737 MAX planes in next 15 months [details]

Air India Express is going to induct 50 new Boeing 737 MAX planes in the next 15 months. AIX Connect Managing Director Aloke Singh said this in his weekly message to the staff.

Oct 13, 2023

EV firm Ather Energy's losses swell 2.5 times to reach Rs 865 cr in FY23 [details]

Hero MotoCorp-backed electric vehicle (EV) company Ather Energy's losses surged more than 2.5 times in the financial year 2022-23.

Sep 24, 2023

Google Co-founder Sergey Brin quietly divorced wife after alleged affair with Musk

Google co-founder Sergey Brin quietly divorced Nicole Shanahan, an attorney and entrepreneur, over rumours that Shanahan was engaged in a romantic relationship with Tesla and SpaceX CEO Elon Musk.

Sep 17, 2023

Legal action by Akasa Air: Over 40 pilots face lawsuit for abrupt resignations

Akasa Air has initiated legal action against more than 40 pilots who recently left the airline to join other carriers. This sudden departure of pilots has compelled the airline, which commenced operations in August of the previous year, to cancel numerous flights since the previous month.