Companies

Rakesh Jhunjhunwala-backed Nazara Tech now a leading gaming company [details]

As the Indian game developers begin to expand their global footprint, shares of ace investor Rakesh Jhunjhunwala-backed online gaming company Nazara Technologies surged 20 per cent after the firm reported a 22 per cent rise in net profit for the June quarter this year.

Aug 14, 2022

Airtel plans to launch 5G Services in 5,000 towns, nationwide coverage by 2024

Telecom tycoon Sunil Bharti Mittal's Bharti Airtel, one of India's biggest telcos, is preparing for the rollout of 5G services in India this month and aims to cover all towns and cities, including rural areas, in the country by 2024.

Aug 11, 2022

Swiggy introduces new "Moonlighting" policy for employees to make more money

On-demand delivery platform Swiggy on Wednesday introduced a new "Moonlighting" policy for its employees that will let them take up external projects to make more money.

Aug 3, 2022

IPO-bound BharatPe appoints new CFO amid high-profile exits

Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO).

Aug 3, 2022

Indian telcos' magnificent response to PM Modi's telecom reforms; auction grosses Rs 1,50,130 crore [details]

Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now receiving bids worth Rs 1,50,130 crore to date.

Aug 1, 2022

ZEE Entertainment-Culver Max merger proposal gets BSE, NSE nod

ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger with Culver Max Entertainment Private Ltd.

Jul 30, 2022

Ola to fire over 1000 employees; to hire aggressively for its EV segment [details]

Earlier this month, Ola said that it was investing roughly $500 million in Bengaluru's forthcoming research and development centre for battery cells.

Jul 29, 2022

Photo taken on March 16, 2020 shows the White House Visitor Center in Washington D.C., the United States.

US Fed tries to control inflation genie with a 75 bps rate hike; what it means [details]

The spike in inflation, highest since the 1980s, with "ongoing increases" in borrowing costs against a backdrop ahead of a decelerating economy.

Jul 28, 2022

Volkswagen ropes in Porsche CEO to lead as Herbert Diess steps down

Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume.

Jul 23, 2022

Hospitality major Airbnb Co-founder Joe Gebbia steps down after '14 wild years'

Online hospitality major Airbnb Co-founder Joe Gebbia has announced to step down after 14 "wild years" and is set to open a new chapter.

Jul 22, 2022

RBI fines Ola Financial Services over Rs 1.67 crore for non-compliance

The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 crore for non-compliance of regulations.

Jul 12, 2022

District Collectors to ensure enforcement of service charge guidelines: CCPA.

CCPA's directive: District Collectors to ensure enforcement of restaurants service charge guidelines

The Central Consumer Protection Authority (CCPA) has directed District Collectors to ensure enforcement of guidelines issued with regard to service charge by hotels and restaurants.

Jul 11, 2022

Non-life insurers can offer innovative vehicle insurance covers [pay as you drive, pay how you drive]

More than two decades after the Indian insurance industry was opened up, the sectoral regulator has allowed the non-life insurers to offer innovative add-on covers on motor insurance policies.

Jul 6, 2022

Best Performance: K'taka tops DPIIT's Ease of Doing Business-SBRAP 2020 rankings

Karnataka has bagged the "Top Achiever" position under the implementation of the Ease of Doing Business ranking of States/Union Territories released by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India on Thursday.

Jun 30, 2022

Ola Cars to hire 10,000 people, expand to 100 cities

Ola shuts used cars business, winds up Q-commerce platform Ola Dash

Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market.

Jun 25, 2022

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