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…
Read More »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…
Read More »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…
Read More »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….
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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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