Tejas Networks, a telecommunications and network company, Thursday announced an arm of Tata Sounds acquires the participation of the participation by 1 890 crore of 1 890 crore in a multi-step transaction. The company has executed final agreements with Panatone Finvest, a subsidiary of Tata Sons (TATA Group Management Company), […]
Four Mauritius-based funds that attracted attention to parking almost all their money in a company controlled by Indian billionaire Gautam Adani had a history of investing in companies that ended default or investigated for errors. Before they put around 90 percent of $ 6.9 billion in management in the Adani […]
Equity benchmark India Sensex and Nifty are shaken under pressure throughout the council sold in intraday trading on July 28. The sensex flagship index fell more than 750 points while the good floated near 15,500 in morning trade, reflecting weak global cues. According to media reports, the Nasdaq Golden Dragon […]
Indian social network ShareChat on July 27 said its parent has raised $145 million led by Temasek, valuing it at $2.88 billion, above the $2 billion it had been valued at in April. Mohalla Tech, which runs ShareChat and short video app Moj, also raised money from Koren asset manager Mirae and Moore Strategic […]
Digital learning platform Byju’s has acquired education platform Great Learning and after-school learning app Toppr. Byju’s has spent $600 million to accumulate Great Learning while $150 million are spent on acquiring Toppr, consistent with media reports and regulatory filings. the event has come but every week after it acquired the US-based online reading platform for youngsters , Epic for $500 million. In April this year, […]
Byju’s most valuable Indian internet company, on July 26 said it had acquired the great learning platform for $ 600 million and it would invest $ 400 million more in this segment, because it was seen expanding education services globally throughout the category. This acquisition is the final step by […]
Weak global cues pushed the benchmark index in red in the last hour of the session on July 26. Sensex closed 123 points lower at 52,852, while nifty fell 31 points at 15,824. China and Hong Kong shared to their lowest this year, as investors are concerned about billing government […]
The largest company in India by market capitalization, Reliance Industries (RIL) on July 23 reported a June quarter profit at RS 13,806 Crore, up 66.7 percent year-on-year (yoy), with normalized tax conditions. The income of oil-to-telecommunications conglomerate reaches Rs 1.44 lakh crore. However, numbers based on sequential impacts due to […]
New Delhi: Tesla Inc. is likely to set up a factory in India if it works with import vehicles, Elon Musk’s executive chief said on Twitter, after the company wrote to the Ministry of India who sought a large reduction in import duties, according to two sources with knowledge of […]
India plans to implement the country’s digital currency in the phase, Reserves of Bank Deputy Governor of India Shri T Rabbi Sankar said at a webinar organized by Vidhi’s Law Center, New Delhi. CBDC (central bank digital currency) will be in the warehouse mostly if not all central banks in […]
