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…
Himanshu
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…
Aman Goyal
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…
abhinav singh
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…
Shipra Prajapati
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…
RBI Discussing Digital Lending Guidelines With Industry Bodies
The Reserve Bank of India is involved in discussions with digital lending and consumer associations as it is on the way to finalising the guidelines on digital lending. The RBI has held a meeting with the Digital Lenders Association on India (DLAI) and the Fintech Association for Consumers Empowerment (FACE) on this matter and there…
LIC IPO| Government Revises Price Band And More
LIC IPO ━ the wait is over as the highest Initial Public Offering is expected to open on May 2. The central government has set the price band for the initial offering of Life Corporation of India at Rs. 902-949 and may offer a discount of Rs 60 to policyholders. On the other hand, retail…
Sumit
Elon Acquires Twitter Worth $44 Billion: Biggest Tech Deal
Elon Musk now officially owns Twitter and has taken over all the control. The deal has closed on approximately $44 billion with shares valued at $54.20. Musk announced his takeover bid on April 14, calling it his ‘best deal and final offer’. Musk is the world’s richest man, and all his achievements are self-crafted. Taking…
Aditya Birla Capital Appoints Vishakha Mulye as New CEO
Vishakha Mulye, an ICICI bank veteran, is appointed as the chief executive officer of Aditya Birla Capital, the non-bank lender said on Saturday. Mulye replaced Ajay Srinivasan, who was taking up the other responsibilities within the group, as per the exchanger filing. Mulye will take over her role on June 1, as per the announcement…
India Is Facing 8-hours Blackouts Due To Coal Shortage
India’s electricity demand is rising at the fastest pace in decades, and almost four of its total thermal, nuclear, and hydropower installed capacity is shut down. Due to the emerging power demand, India faces a coal supply shortage, All India Power Engineers Federation (AIPEF) indicated. Coal shortage, along with high temperature, has led to an…
