Hero MotoCorp to increase stake in Ather with fresh $66.5 million investment

[ad_1] Hero MotoCorp, the world’s top two-wheeler maker, said on Monday it plans to invest up to $66.5 million in Ather Energy, a promising electric vehicle startup in India whose…

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Walmart pays $3.5 billion to increase stake in India’s Flipkart

[ad_1] Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it’s betting on India…

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Byju’s says restructuring businesses | TechCrunch

[ad_1] Three senior executives are leaving Byju’s as part of a restructuring at the edtech group, the most valuable Indian startup said Tuesday. Mukut Deepak, who led the classes 4-10…

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Snap overhauls India organizational structure, appoints new head

[ad_1] Snap has restructured its reporting system in India and named Pulkit Trivedi as the new country head, underscoring the increasing importance of the South Asian market to the company….

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Reliance spin-off Jio Financial Services slides 5% on market debut

[ad_1] For years, the Indian market has been anticipating for a public debut of Reliance Retail and Jio Platforms. But in a surprise move late last year, Mukesh Ambani, Asia’s…

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Disney’s Hotstar loses 12.5 million subscribers in a quarter amid cricket shortfall

[ad_1] Disney+ Hotstar lost nearly a fourth of its customer base, or 12.5 million subscribers, in the quarter ending June, Disney disclosed in its earnings Wednesday, the ongoing setback at…

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Foxconn to invest $600M in Karnataka for iPhone components, chip-making tools projects

[ad_1] Foxconn, a key Apple supplier, will invest $600 million in two projects in Karnataka for chip-equipment manufacturing and casing components for iPhones, the southern Indian state said Wednesday. The…

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Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake

[ad_1] Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction…

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Prosus slams India’s top startup Byju’s after quitting board

[ad_1] Prosus, one of the largest investors in Byju’s, expressed its disappointment in the edtech giant’s reporting and governance practices on Tuesday, a month after the all the key investors…

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Peak XV, Tiger Global, others urge PM Modi to review India’s online gaming tax

[ad_1] Tiger Global, DST Global, Peak XV, Steadview Capital, and Kotak Private Equity are among global and Indian investors who have asked Prime Minister Narendra Modi to reconsider India’s recently…

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