Swiggy had to make a decision: It had made a strategic investment in Rapido three years ago, but the ride-sharing company was now eyeing its stronghold of food delivery. Finally, in July, Swiggy chose to sell the 12% Rapido stake that it had bought for $180 million in 2022. With this, Swiggy kills two birds … Read more
Apollo Tyres will be the new jersey sponsor of the Indian cricket team and will be shelling out approximately Rs 4.5 crores per bilateral game, significantly up from the Rs 4 crore previous sponsors Dream11 were paying. The sponsorship period is set to run until March 2028 with as many as 130 fixtures falling in … Read more
Zerodha co-founder and CEO Nithin Kamath has explained why the brokerage firm is not chasing an initial public offering (IPO), even as many Indian startups and financial services companies line up for listings. Responding to a question on Reddit about what makes Zerodha profitable and why the company has avoided going public, Kamath shared that … Read more
New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
US President Donald Trump said on Monday (September 15) that trade talks with China had “gone very well” and suggested that a deal had been reached to resolve US concerns over TikTok’s ownership. In a post on his social media platform, Trump said the ongoing trade meeting in Europe between American and Chinese officials was … Read more
The Big Four are facing a renewed wave of partner movements in India, marked by aggressive poaching to plug capability gaps, replacements of retiring or departing leaders, and reinforcing service lines with the highest client demand. These professional services firms are undeterred by long notice periods of incoming partners, restrictive clauses, and the steep costs … Read more
Union Commerce and Industries Minister Piyush Goyal. The Ministry of Commerce and Industry has said that the government has reopened the application window for the production-linked incentive scheme for white goods citing market growth and growing industry confidence following the success of earlier rounds of the PLI scheme | Photo Credit: ANI The government has … Read more
The recent hike in GST on capital goods used in the oil, gas, and coal bed methane (CBM) sectors has increased operational costs and undermines efforts to reduce import dependence, an industry association said in a letter to Oil Minister Hardeep Singh Puri. The Federation of Indian Chambers of Commerce and Industry (FICCI) in the … Read more
Last month, China’s Ministry of Industry and Information Technology introduced interim measures to tighten controls on ‘rare earth’ mining and processing. The rules are the latest in Beijing’s efforts to centralise oversight of extraction, exports, and refining. While China’s trading partners such as India and the U.S. are seeking alternative sources to reduce dependency, data … Read more