Making it the fourth consecutive monthly withdrawal, on profit booking by investors. All the equity schemes, barring large- and mid-cap and sectoral funds, have seen outflows, data from the Association of Mutual Funds in India (AMFI) showed on Monday. However, investors put in over Rs 1.1 lakh crore from debt mutual funds (MFs) last month … Read more
WhatsApp has introduced a new feature called “disappearing messages”, which would allow users to ensure that their messages are not saved on the instant messaging platform forever. The ‘self-destruct” automated feature will roll out for users through this month. “When “disappearing message” is turned on, new messages sent to a chat will disappear after 7 … Read more
Ant said that its listing had been suspended by Shanghai following a recent interview regulators held with its founder Jack Ma and top executives. Ant Group’s $37 billion stock market listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world’s … Read more
Advent, in partnership with former TransUnion CEO Jim Peck, will accelerate Nielsen Global Connect’s transformation and support its continued innovation in consumer and market measurement Nielsen to hold a conference call to discuss today’s announcements as well as its third quarter 2020 financial results at 8:00 a.m. U.S. Eastern Time (ET) on Monday, November 2nd, … Read more
The Shapoorji Pallonji Group on Thursday said it has submitted a plan to Supreme Court to end its seven decades-old association with the Tata Group. The Mistrys have valued their holding in the Tatas at Rs 1.75 lakh crore, it informed the apex court, which is hearing the long-drawn legal battle between the two groups … Read more
Telecom operator Bharti Airtel on Monday entered the rapidly-growing cloud communications market with the launch of business-centric Airtel IQ’. A cloud-based omni-channel communications platform, Airtel IQ, aims to enable brands to deepen engagement with customers through timely and secure communication, a company statement said, terming the move as a “game changer” for the fast-evolving Indian … Read more
Kishore Biyani’s deal to sell off Future Group assets to Mukesh Ambani’s Reliance Industries for Rs 24,713 crore is now on hold. The Singapore International Arbitration Centre (SIAC) has granted an interim relief in the issue to the Jeff Bezosled Amazon, for now, two people aware of the matter said. Earlier this month, Amazon had … Read more
Since June, the company has said it will scrap drinks such as Tab, Zico, and Odwalla. It would likely remove more brands from its “hydration” category, which includes brands like Dasani, Powerade, and Smart Water, CEO James Quincey said. This would allow it to focus on stronger brands or those with growth potential, the company … Read more
Nearly every major automaker has some kind of electrification plan in the works, following the EV lead set by Tesla. But pure EVs still have limited range and nationwide charging infrastructure isn’t where it needs to be in the US just yet. Plug-in hybrids with good EV-only range are the solution. Much of the talk … Read more