The Competition Commission of India (CCI) has given the green light to the merger between Reliance Industries and Walt Disney’s Indian media assets, a deal valued at $8.5 billion. This landmark approval moves the two media giants closer to forming a powerful entertainment conglomerate poised to compete with global heavyweights like Amazon, Netflix, and Sony Pictures Networks.
The CCI’s…
Reliance Industries (RIL) is in the spotlight on August 29, 2024, as it holds its 47th Annual General Meeting (AGM). The company’s shares have reached a new milestone, crossing the Rs 3,000 mark in early trading, buoyed by investor anticipation surrounding Mukesh Ambani’s forthcoming address. The stock traded at Rs 2,999 apiece with a market capitalization of Rs 20.29 lakh crore, touching an…
India’s Eros Investments, through its Immerso AI-IP unit, is set to invest $1 billion in Malaysia to develop a state-of-the-art artificial intelligence park and movie studio, according to a statement from Malaysia’s digital ministry on Thursday.
The ambitious project will include the establishment of an AI university and a data center within the park. This significant investment is anticipated…
Plutos ONE, a prominent Delhi-based technical service provider for the Bharat Bill Payments System (BBPS), has successfully raised $2 million in a seed funding round led by StartupXseed. The funding round also attracted investment from Genesia Ventures, Auxano Capital, Raghuvanshi Investments, and several other notable investors.
This latest round of funding follows an earlier angel investment…
In a bid to enhance the payment experience for merchants and consumers alike, Pine Labs, a leading player in the digital payments space, has introduced the Pine Labs Mini. This new point-of-sale (PoS) device is designed to bridge the gap between QR code and card payments, offering a versatile and cost-effective solution for modern transactions.
The Pine Labs Mini stands out in the crowded PoS…
Fintech leader BharatPe has announced the launch of BharatPe One, a revolutionary all-in-one payment acceptance device designed to cater to the diverse needs of offline merchants. This latest offering integrates multiple payment functionalities into a single device, promising to enhance the payment experience for small and medium-sized businesses.
Introducing BharatPe One
The BharatPe One device…
Euler Motors, a leading name in the commercial electric vehicle (EV) sector, has announced its ambitious foray into the small commercial vehicle (SCV) segment. The company plans to introduce its first four-wheeler electric vehicle designed to handle a payload exceeding 1,000 kg. This launch is scheduled for the upcoming festive season, marking a significant milestone in Euler Motors’ strategy to…
Foxconn, the global electronics manufacturing giant best known for assembling Apple’s iPhones, is currently being courted by three southern Indian states—Telangana, Karnataka, and Andhra Pradesh—in an aggressive bid to attract the company’s next major investment in India. These states are offering substantial land parcels and various incentives to lure Foxconn, underscoring their ambition…
Akash Bansal, a Delhi-based entrepreneur and co-founder of the mobile accessories brand Skyvik, has come under fire for his reaction to a customer’s tip after delivering an order himself. The controversy began when Bansal shared his experience on X (formerly Twitter), recounting how he felt when a customer mistakenly assumed he was just a regular delivery agent.
According to Bansal’s post, his…
In a significant move to accelerate innovation and sustainability within the textile industry, the Indian government has approved grants of ₹50 lakh each for seven startups focused on technical textiles. This initiative, part of the National Technical Textiles Mission (NTTM), aims to foster transformative developments in the sector and support emerging innovators.
Overview of the Grants
The…
