Meta India Gets New Head: Sandhya Devanathan
On Thursday, Meta announced the appointment of Sandhya Devanathan as the Head and Vice President of Meta India. This appointment came a day after Ajit Mohan quit to join a rival social media app Snap. She will get into her new role on January 1, 2023. In her role, Sandhya will focus on the business…
Mukesh Ambani Plans To Buy English Football Club
Indian billionaire Mukesh Ambani has now entered the race to bid for the globally-renowned English Football Club Liverpool takeover. The club has been put on sale by Fenway Sports Group, the current owner, which bought it in October 2010, according to the reports. This is not the first time Ambani is eyeing a stake in…
What is a statutory company: Everything You Need To Know
Statutory corporations are legal entities created by a particular act of parliament or state legislature or both. Public funds entirely support it. The legislature’s act also determines the authorities, goals, restrictions, and other aspects of it. Coming to the example of statutory companies, Air India, State Bank of India, Life Insurance Corporation of India, and…
Adani Group Would Invest $150 Bn To Generate Green Energy
Currently, the Gautam Adani Group is trending as the richest business all over the country. The Adani Group is willing to invest an amount of USD 150 billion all across its businesses. The Adani Group would convert a wide range of their business to work on green energy, such as using renewable resources in data…
Elon Musk Take Control Over Twitter & Fires CEO Parag Agarwal
According to the reports shared by the New York Times, Elon Musk allegedly fired Twitter’s CEO Parag Agarwal and other top executives once the deal was completed. Ned Segal, CFO (Chief Financial Officer) and Vijaya Gadde, Head of Legal, are among the top names that departed from Twitter after Elon Musk finalised his deal for…
Samsung Electronics Appoints New Executive Chairman
Samsung Electronics announced a new executive chairman for the company on Thursday. Jay Y. Lee is the newest face to be crowned as the chairman of the biggest smartphone and memory chip makers in South Korea. This appointment confirms that Samsung is ready to be run by the third generation of its founders. Jay Lee…
MMT-GO And OYO Fined For ‘Unfair Business Practices’ By CCI
Leading hospitality service providers OYO and MakeMyTrip-Goibibo (MMT-GO) were fined more than Rs392 crore by CCI (Competition Commission of India) on Wednesday. The penalty is mentioned on page 131 and is explained as “Unfair Business Practice”. Allegations are that MMT-GO & OYO made an agreement regarding price parity. Under this deal, the hotels were not…
Romy Walia To Join Freed As Chief Marketing Officer
On Thursday, India’s first debt relief platform, Freed, announced the inclusion of Romy Walia as Chief Marketing Officer. He will be responsible for creating an inclusive marketing and implementation strategy, counting consumer, trade and digital marketing. Romy is a seasoned marketing professional with extensive experience of more than two decades of serving organisations across three…
World Bank Cuts India’s GDP Forecast to 6.5%
The World Bank reduced India’s growth prediction for 2022-23 (April-March) by 100 basis points, forecasting that the Indian economy will grow at 6.5 per cent, down from 7.5 per cent in June. India’s GDP registered a growth of 8.7 per cent in 2021-22. The Bank marked in its latest South Asia Economic Focus, issued ahead…
Reliance Launched First In-house Fashion Store, Azorte
Mukesh Ambani continues to hold his position in the luxury market of fashion and lifestyle as Reliance Industries Ltd launched its first in-house premium fashion brand, Azorte, on Thursday in Bangalore. This new fashion brand is named Azorte and is expected to grow as a chain of stores all around the country. Billionaire’s daughter Isha…