L&T Finance Holdings Limited, one of India’s leading non-banking financial companies, today announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited. It has (i) received approx. INR 3,484 crores (equivalent of USD 425 million) as consideration for the sale; and (ii)Continue Reading
The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do so at half of the cost of established launch companies, the founders of Skyroot Aerospace told Reuters in an interview. The Hyderabad-based company, backed by Singapore’sContinue Reading
A study on the impact of Covid-19 on microbusinesses in India has found that nearly 40 per cent of them were denied loans (both formal/informal) as they did not have sufficient collateral or lacked positive credit history. According to non-profit organisation ‘Global Alliance for Mass Entrepreneurship’ (GAME), which conducted theContinue Reading
Twitter’s new owner Elon Musk has announced that the social media platform will offer “general amnesty” to previously suspended accounts beginning next week after conducting an informal poll on whether it should be permitted to users who had not breached any law or were involved in egregious spam. On Wednesday,Continue Reading
Twitter’s decision to shut down its Brussels office and the laying off of thousands of employees are drawing concerns on whether the company can comply with new tough European Union rules against illegal online content, EU justice chief Didier Reynders said on Thursday. Reynders, who met with Twitter representatives atContinue Reading
Amazon Inc will shut down a food-delivery business it was testing in India, the e-commerce giant said on Friday, a day after it announced the winding down of its online learning platform for high-school students in the country. Amazon Food, a business the company was trialing in the southern IndianContinue Reading
The market failure due to an imbalance in bargaining power between Big Tech firms, like Google and Facebook, and publishing companies had a damaging effect on journalism and, therefore, on society, Australian economist and former antitrust stalwart Rodney Sims said on Friday. Delivery a keynote speech at DNPA Dialogues, Sims,Continue Reading
Reuters | | Posted by Yagya Sharma Indian billionaire Gautam Adani is planning to invest more than $4 billion in a petrochemical complex in the state of Gujarat, he said in an interview with the Financial Times on Friday. Adani, Asia’s richest person, plans to launch a “super app” inContinue Reading
Indian billionaire Gautam Adani sees the takeover of news broadcaster New Delhi Television Ltd (NDTV) as a “responsibility” rather than a business opportunity, he said in an interview with the Financial Times on Friday. The ports-to-energy conglomerate run by Adani, Asia’s richest person, unveiled plans late in August to acquireContinue Reading
As the gaming landscape expands, particularly in India, it is unlocking more career opportunities. As many as one in three respondents believe gaming can be considered as their main career option, according to the just released HP India Gaming Landscape Study 2022. A similar sized demographic believes that gaming canContinue Reading