News

Campbell Wilson Appoints As CEO & MD Of Air India

Campbell Wilson Appoints As CEO & MD Of Air India

Tata Sons announced the appointment of Campbell Wilson as CEO and MD of Air India. The Mumbai-based conglomerate completed its acquisition of the state-owned national carrier in January. Since then, the position has been vacant, and the company has been searching for a person to lead the airlines.  The decision comes after the appointment of…

Tiger Global Invests $2.6M In eCommerce Startup Shopflo 

Tiger Global Invests $2.6M In eCommerce Startup Shopflo 

eCommerce startup Shopflo, on Wednesday, said it raised $ 2.6 million as part of an initial funding round led by Tiger Global. Better Capital and a Pool of Angelic in investors from the Indian Startup are two other startup ecosystems that participated in the funding round. After this funding round, Shoplfo becomes one of the…

Indian Fintech Company BharatPe To Overhaul Governance Framework

Indian Fintech Company BharatPe To Overhaul Governance Framework

Indian payment startup BharatPe said on Tuesday that its board had recommended several measures following corporate governance issues, including the termination of several employees & vendors and filing criminal cases for misconduct.  BharatPe, a Fintech and IPO-hopeful company, allows people to make payments through QR codes. It had initiated a corporate governance review in January…

Rajapaksa Quits From Prime Minister Position Amid Crisis

Rajapaksa Quits From Prime Minister Position Amid Crisis

As per the Sri Lankan government’s spokesperson, Prime Minister Mahinda Rajapaksa resigned on Monday amid the island nation’s biggest economic crisis since independence, which has led to widespread protests in the country.   “The prime minister has sent his letter of resignation to the president,” the government officials said to the news agency Reuters. Moreover, PTI…

Doodles NFT Appoints Julian Holguin as New Partner And CEO

Doodles NFT Appoints Julian Holguin as New Partner And CEO

Doodles, a leading web3 NFT, media & entertainment brand, announces the appointment of a new partner and CEO. The company named Julian Holguin for this designation, and he will be responsible for talking Doodles imagination vision to scale growth and expansions in the mainstream consumer market across music, culture and entertainment.  For this role, Holguin…

Mahindra Group Likely To Split Auto Business Into Three Units

Mahindra Group Likely To Split Auto Business Into Three Units

The Mahindra Group has initiated a restructuring to trifurcate which contributes 55% to the group revenue. The exercise will involve separating the electric vehicles (EV), tractors, and passage vehicles (PV) business into three independent companies via a demerger process, according to the people who know the plan. Currently, these belong to Mahindra & Mahindra as…

RBI Raised Repo Rate By 40 bps: How It Will Affect

RBI Raised Repo Rate By 40 bps: How It Will Affect

RBI (Reserve Bank of India) on Wednesday, raised its key lending rate by 40 basis points to 4.40% with immediate effect after the emergency meeting. Along with this, the Central Bank also announced a hike in the cash reserve ratio by 50 basis points. The decision was taken by the Monetary Policy Company (MPC) in…

Crypto Exchange WazirX Appoints Chunmun Gupta As Staff Chief

Crypto Exchange WazirX Appoints Chunmun Gupta As Staff Chief

India’s most trusted Bitcoin and cryptocurrency exchange WazirX has announced the appointment of Chunmun Gupta as chief of staff.  Gupta’s appointment came into existence when WazirX chief government officer Nischal Shetty and co-founder Siddharth Menon shifted to Dubai, UAE. Chunmun Gupta’s inclusion in WazirX happened at a time when the views on the crypto trade…

ISMC To Invest In Karnataka To Set Up Chip-making Plant 

ISMC To Invest In Karnataka To Set Up Chip-making Plant 

International Semiconductor Consortium ISMC announced on May 1 to set up a chip-making plant with an investment of $3 billion (around Rs. 23 000 crores) in Karnataka.  ISMC digital fab, one of the three applicants for the Union Government’s $10 billion incentives for semiconductors manufacturing, has already started its executions and signed the agreement with…

India Launches Open eCommerce Network To Take On Amazon

India Launches Open eCommerce Network To Take On Amazon

Today, India will launch an open network for digital commerce (ONDC) as the government tries to end the dominance of US companies Amazon and Walmart in the fast-growing eCommerce market, according to the reports.  The decision to launch an open eCommerce platform comes after India’s antitrust body on Thursday raided domestic sellers of Amazon and…