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Naspers offshoot Prosus reports strong growth in e-commerce business

TMT

21 June, 2021

Naspers offshoot Prosus reports strong growth in e-commerce business

Prosus NV said its e-commerce business grew revenues and shrank trading losses for the year that ended March 31, even ......

IKEA, Rockefeller foundations partner over $1 bn global platform to fight climate change

Finance

21 June, 2021

IKEA, Rockefeller foundations partner over $1 bn global platform to fight climate change

The IKEA Foundation and The Rockefeller Foundation have partnered to form a $1 billion global platform to fight climate change.  The...

Paytm seeks shareholder approval for $1.6 bn sale of new stock

TMT

18 June, 2021

Paytm seeks shareholder approval for $1.6 bn sale of new stock

Indian digital payments firm Paytm is seeking shareholder approval to sell up to 120 billion rupees ($1.62 billion) in new ......

Grofers co-founder Saurabh Kumar exits SoftBank backed grocery etailer

People

18 June, 2021

Grofers co-founder Saurabh Kumar exits SoftBank backed grocery etailer

At a time when online grocers are in the pink of their business and aggressively ramping up their employee strength, ......

India police summon Twitter chief over viral video

TMT

18 June, 2021

India police summon Twitter chief over viral video

Police in India have summoned Twitter's top official in the country to answer allegations that the U.S. firm did not ......

COVID deals new blow to foreign carmakers' Indian dream

Consumer

18 June, 2021

COVID deals new blow to foreign carmakers' Indian dream

Foreign automakers' hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections ......

Facebook launches ads globally for TikTok clone Instagram Reels

TMT

17 June, 2021

Facebook launches ads globally for TikTok clone Instagram Reels

Facebook Inc is launching ads globally on its TikTok clone Instagram Reels, the company said on Thursday. The social media...

Fed signals higher rates in 2023, bond-buying taper talks as virus fades

Finance

17 June, 2021

Fed signals higher rates in 2023, bond-buying taper talks as virus fades

The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated...

Microsoft names CEO Satya Nadella as chairman

People

17 June, 2021

Microsoft names CEO Satya Nadella as chairman

Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. Nadella,...

Walmart's Flipkart, Amazon challenge India court order on antitrust probe

TMT

17 June, 2021

Walmart's Flipkart, Amazon challenge India court order on antitrust probe

Walmart Inc's Flipkart and Amazon.com Inc have filed legal challenges against the resumption of an antitrust investigation...

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