Companies

Crypto lender Celsius blocks withdrawals as digital coins crash

Crypto lending platform Celsius announced on Monday that it is pausing all withdrawals citing "extreme market conditions", media reports said.

Jun 14, 2022

Crypto Crash: BlockFi, Crypto.com lay off hundreds as digital coins crash

Crypto trading and lending exchanges BlockFi and crypto.com have laid off hundreds of employees after the global crypto market was battered owing to a "dramatic shift" in macro-economic conditions.

Jun 14, 2022

Flipkart partners with Spices Board to give farmers national market access [see how]

Flipkart, Spices Board join hands; give national market access to spice farmers [see how]

Flipkart has signed a Terms of Understanding with Spices Board, an establishment of Ministry of Commerce and Industry, to enhance market access to farmers and grassroots organisations in the spices sector.

Jun 11, 2022

IPL media rights: Amazon planning to pull out of IPL streaming rights bid, says Reports

Amid fierce competition to wrest the media rights of the money-spinning Indian Premier League (IPL), there are reports that one of the big players, Amazon.com Inc., is planning to pull out.

Jun 10, 2022

Myanmar bank blacklists 137 companies for violating regulation

The Central Bank of Myanmar (CBM) has added 137 more companies to a blacklist for failing to deposit export earnings into accounts in domestic banks within the prescribed periods.

Jun 4, 2022

Reliance Brands to buy 40% in toymaker Plastic Legno SPA, signs joint venture

Reliance Brands and Plastic Legno SPA have signed a joint venture arrangement through which the former will acquire a 40 per cent stake in the latter's toy manufacturing business in India.

Jun 2, 2022

Google disables bombardment of RCS ads in India after brands went on hype

After several companies and brands abused Google Messages' RCS (Rich Communication Services) feature in India to bombard users with multiple ads without their consent, the tech company has decided to turn off RCS ads functionality in the country.

Jun 2, 2022

Tata Motors' electric car 'Avinya' promises 500 kms in 30-min recharge

Tata Motors' subsidiary to acquire Ford India's Sanand plant in Gaujarat, signs MoU

Tata Passenger Electric Mobility based in Sanand signed an agreement with Ford India and the Gujarat government for takeover of Ford's passenger vehicle manufacturing facility, which is located adjacent to its unit.

May 30, 2022

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Centre calls off BPCL privatisation as bidders express inability to participate

It argued that the various COVID-19 waves and geopolitical situations, on the other hand, had an impact on sectors around the world, particularly the oil and gas industry.

May 27, 2022

Elon Musk escalates claim on fake Twitter users, bots issue to US SEC, seeks probe

Opening another front against Twitter CEO Parag Agrawal, Tesla CEO Elon Musk on Tuesday asked the US Securities and Exchange Commission (SEC) to probe whether Twitter's claim on the number of its user base is true.

May 18, 2022

Paytm Mall's valuation plunges 99% as Jack Ma sells 43% share [details inside]

In the face of fierce competition from Amazon, Flipkart, and Reliance, Vijay Shekhar Sharma's bet on offline-to-online commerce through Paytm Mall failed.

May 17, 2022

Air passengers being charged for boarding passes? Minister promises to look into incident

Union Civil Aviation Minister Jyotiraditya Scindia assured that he will examine the matter of passengers being charged extra for generating boarding passes at the airport.

May 14, 2022

Emirates to accept Bitcoin as payment; allow NFT trade [details inside]

Emirates COO Adel Ahmed Al-Redha announced that it intends to accept Bitcoin as a payment service and introduce NFTs on the website for trading purposes.

May 13, 2022

Tata Sons appoints Campbell Wilson as new Air India CEO, MD

Who is Campbell Wilson? Tata Sons new choice as CEO for Air India

Head of Singapore Airlines' low-cost carrier Scoot, Campbell Wilson, has been appointed as the new Chief Executive Officer (CEO) and Managing Director (MD) of Air India.

May 12, 2022

Toyota Group signs MoU with K'taka for Rs 4,800 crore investment

Shanghaied Toyota cuts down production in China plant, reports profits slumped by third

After Tesla, Toyota too cut down its production by 50,000 cars per month due to lockdown imposed by China in Shanghai after Omicron Covid variant surged