Inside supermarkets of Reliance Retail, run by India’s richest man, Mukesh Ambani, little-known food and home cleaning brands take pride of place on shelves alongside global labels owned by giants Nestle, Unilever and Coca-Cola. Products like Snac tac noodles and Yeah! colas are Reliance’s private label brands – and billionaire Ambani’s not-so-secret weapons as he … Read more
Roblox, the gaming platform that soared to 32.6 million daily users, is going public this Wednesday. In 2020, the company paid out more than $328.74 million to Roblox game developers. Roblox games are built by independent developers – helping some teens pay for college. Read more on the Insider homepage. The wildly popular gaming platform … Read more
A new report by Boston Consulting Group (BCG) says India’s consumption market is back on the growth track after a year, having been disrupted by the pandemic. While growth projection for the consumption market was made before Covid-19 struck, BCG says that the economy has completely unlocked and there has been an uptick in demand … Read more
Dating-app company Bumble is going public on Thursday. The company’s S-1 filing highlights its top investor and some of the risk factors Bumble faces. We read through the 247-page filing to find four key takeaways. Visit the Business section of Insider for more stories. Bumble, one of the top online-dating companies, publicly filed its IPO … Read more
In a relief to Amazon, the Delhi high court on Tuesday said it is of the “clear view” that the emergency award (EA) by the Singapore International Arbitration Centre (SIAC) is enforceable in India. It has asked Future Group to not proceed with the Rs 24,731-crore deal with Reliance Industries (RIL) till it pronounces a … Read more
Amazon beat fourth quarter analyst expectations with diluted EPS of $14.09. In 2019, Amazon’s executives earned between $163,200 and over $50 million. Due to previous equity awards, some executives did not receive stock in 2019. Visit Business Insider’s homepage for more stories. Amazon reported diluted EPS of $14.09 for the fourth quarter of 2020 on … Read more
The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first … Read more
Apple is taking advantage of the low interest rate environment to raise $14 billion in debt, according to Bloomberg. The debt offering will include 40-year bonds and proceeds from will go towards buying back stock and dividend payments. Apple ended its most recent quarter with $196 billion in cash, and $112 billion in debt. Sign … Read more
