Sector: All Sectors
After Ather, Hero now invests into it’s other strategic partner in the EV space
Days after announcing another round of investment into Ather, Hero now commits to ongoing funding round of Gogoro – it’s Taiwanese strategic partner in the Electric Vehicles (EV) space. Key points to note – Hero had announced strategic partnership with Gogoro in April 2021. Founded in 2011, Gogoro is into Electric Smartscooters and swappable battery … Read more
Nazara acquires significant stake in an ad tech company. May end up owning majority of it.
Nazara plans to acquire 55% of Dataworkz, a digital advertising company. Key points to note – Dataworkz was founded in 2013 by Senthil Govindan, an IIM Ahmedabad Alumnus. For the calendar year 2021, it reported Revenues of Rs 90.7 Cr and EBIDTA of Rs 11 crore. As the net profit number is not disclosed, very … Read more
Dixon and boAt form JV for manufacturing bluetooth audio devices. A good combination.
Dixon is a leading contract manufacturer of consumer durables, home appliances, lighting, mobile phones and security devices for brands across the globe. and boAt is a leading home grown brand focused on the audio products. Both companies have now come together and formed a 50:50 Joint Venture (JV) to manufacture bluetooth enabled audio products. The … Read more
Microsoft is buying ‘Call of Duty’ publisher Activision for nearly $70 billion
Activision owns Blizzard and King, and Microsoft will acquire those companies as well in the deal. Microsoft is buying Activision, the major video game publisher behind the “Call of Duty” franchise, in a deal valued at nearly $70 billion. It’s the largest video game acquisition in history, and Microsoft’s largest acquisition as a company. Developing … Read more
Jio prepays Rs 30,791 crore of deferred spectrum liabilities to DoT
The amount relates to the entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited. Key points to note: The amount includes accrued interest as well. These liabilities were due in annual instalments from … Read more
Mahindra announces mileage guarantee on BS6 trucks. Marketing gimmick?
In case a customer chooses to return the truck, the ex-showroom price of the truck will be refunded after all the requirements are fulfilled as per the terms and conditions. Key points to note – Mileage guarantee is being offered on the entire BS6 truck range from 3.5 tonne till 55 tonne, including Blazo X … Read more