Idealizing China Won’t Save India From Slowdown in 2023
It is notable that the global slowdown has also arrived in India. Investments in factories, roads and other fixed assets are just less than 35% of domestic output, which has not changed in the last 10 years. Loan demand is growing so fast that deposits can’t keep up. How is India trying to cover up…
Aman Goyal
China Is Battling With Protest And COVID-19 Together
It has been almost three years since the coronavirus affected the world. China is still facing intermittent lockdowns that disturb supply chains and rules that have made the country uninviting to international staff. The last year has been particularly painful as the rest of the world resumed its activities and learned to live alongside the…
Amazon To Call-off Food Delivery Business In India Soon
Amazon is to shut down its food delivery services in India from December 29, the eCommerce giant announced on Friday. The company announced this after the winding down of its online learning platform for high-school students in the country. “As part of our annual operating planning review process, we have made the decision to discontinue…
Arvind Agarwal Quits As Nykaa’s Chief Financial Officer
Arvind Agrawal, Chief Financial Officer at Nykaa, the beauty product retailer, resigned from the company. FSN E-commerce Ventures, the parent company of Nykaa, announced this in a regulatory filing on Tuesday. Agarwal is leaving “effective close of business hours on November 25 2022, to pursue other opportunities in the digital economy and start-up space,” the…
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…
SoftBank To Sell One-third Of Its Stake Via Block Deal
Japan-based SoftBank is to sell its stake of One97 Communication, owner of Paytm, worth $200 billion through a block deal on Thursday. BofA Securities, Bank of America, is the deal’s banker. SoftBank has offered to sell shares in the price band of Rs 555-601 single piece. At the lower end of the band, it is a…
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…
Everything You Should Know About FTX Collapse
The world’s third-largest cryptocurrency exchange, FTX, filed bankruptcy this week after a bailout from the larger rival Binance collapsed. FTX started with a $400 million Series C funding round, bringing its valuation to over $32 billion. After ten months, the crypto exchange is staring down the possibility of bankruptcy. After filing bankruptcy, Chief Executive Officer…
Indian Oiltanking Signed Agreement With Adani Ports
On Wednesday, Adani Ports and the Special Economic Zone Ltd. (APSEZ) announced that it acquired a 49.38% stake in Indian Oiltanking for Rs 1,050 crore. APSEZ, a flagship transportation sector of the Adani group, is India’s largest private ports and logistics company. Under the agreement, Adani Ports will also obtain an additional 10% equity stake…
Amit Choudhary Is Appointed As New COO At Wipro Limited
Technology and consulting services Wipro announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and a member of the Executive Board. In his role, he will manage Global Business Operations, Delivery Excellence, and Enterprise Risk Management. Choudhary will be responsible for improving organizational and operational efficiency and driving long-term growth for the company,…
