BlackRock Advisors Singapore and Jio Financial Services Form Strategic Joint Venture in India
On September 6, 2024, BlackRock Advisors Singapore Pte. Ltd. and Jio Financial Services Ltd. announced the formation of a new joint venture, Jio BlackRock Investment Advisers Private Limited. This new entity aims to provide comprehensive investment advisory services in India, marking a significant step in…
Nykaa Expands Leadership Team
Nykaa, a leading beauty and fashion retailer in India, has announced the appointment of Sukhleen Aneja as Senior Vice President and Business Head for Kay Beauty. This strategic move aims to accelerate the growth of Kay Beauty, a popular celebrity beauty brand launched in collaboration with Bollywood actress Katrina Kaif.
Driving International Growth for Kay…
Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat.
According to Tata Sons’ 106th annual report, the new plants are part of a broader…
Drip Capital, a digital trade finance platform, has successfully raised $113 million in a recent funding round, combining equity and debt to further its growth and diversify its product offerings for small and medium-sized businesses (SMBs) in key markets such as India and the US.
This funding round includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and…
InMobi-owned Roposo, a prominent player in the short video space, is undergoing a significant transformation by shifting its focus to social commerce. This strategic pivot aims to enhance monetization opportunities beyond traditional creator-led models, addressing the challenges faced in the short video industry.
Transitioning to Social Commerce
Roposo, originally known for its creator and…
Bengaluru-based cross-border payments startup PayGlocal has recently received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This significant milestone positions PayGlocal alongside other fintech innovators in India’s rapidly evolving payments landscape.
PayGlocal’s Journey to RBI Approval
Founded in 2021 by Prachi Dharani, Rohit Sukhija, and Yogesh…
Indian water technology firm VA TECH WABAG Limited has clinched a massive $317 million contract with the Saudi Water Authority. The deal is for the engineering, procurement, construction, and commissioning of a colossal 300 million liter-per-day sea water reverse osmosis desalination plant in Yanbu, Saudi Arabia.
The plant, which is expected to be completed in 30 months, will employ advanced dual…
Infibeam Avenues, a leading fintech company, has announced a strategic partnership between its flagship digital payments platform, CCAvenue, and ShopSe India, a prominent digital-first EMI/BNPL marketplace. This collaboration aims to offer a more flexible payment solution to consumers across India, enabling seamless transactions on countless merchant websites powered by the CCAvenue payment…
Becoming a successful entrepreneur is a challenging journey filled with highs and lows, but the stories of accomplished business leaders offer invaluable insights. Here are five key lessons from some of the most successful entrepreneurs to guide you on your path to success.
Embrace Perseverance
Successful entrepreneurs are known for their resilience and tenacity. Elon Musk, for instance, faced…
Glenmark Pharmaceuticals will pay $25 million to settle a case with the US Department of Justice related to generic drug pricing. The settlement, announced late Wednesday, will be paid by Glenmark Pharmaceuticals Inc, USA, a subsidiary of the Mumbai-based company, in six installments over five years. The settlement amount will accrue interest at 4.25% per annum starting from May 28, 2024.
This…
