Ultraviolette, the electric motorcycle manufacturer, has officially launched its new experience centre, the UV Space Station, in Hyderabad. This move comes after successful openings in Pune, Ahmedabad, and Kochi.
Narayan Subramaniam, CEO & Co-Founder of Ultraviolette, expressed enthusiasm about the new facility, stating, “The launch of the UV Space Station in Hyderabad aligns with our mission to…
At Yum! Brands, home to KFC, Taco Bell, and Pizza Hut, former CEO David Novak played a pivotal role in skyrocketing the company’s market cap from $4 billion to $32 billion during his 17-year tenure. Novak, who led the company from 1999 to 2016, emphasizes that this impressive growth was rooted in fostering a positive work environment rather than just focusing on numbers.
In a recent interview…
The Securities and Exchange Board of India (SEBI) has recently introduced several significant regulations aimed at enhancing transparency and investor protection across India’s financial markets. Here’s a brief overview of these updates:
Revised Charge Structures for Market Infrastructure Institutions
SEBI is addressing inconsistencies in the fee structures of Market Infrastructure…
Temasek Holdings Pte is nearing a deal to acquire a substantial minority stake in VFS Global, valuing the visa outsourcing and technology services company at approximately $7 billion, including debt. The Singapore state-owned investor is expected to purchase about 20% of VFS Global, which is currently controlled by US alternative asset manager Blackstone Inc. The deal, which could be announced as…
Mark Zuckerberg, CEO of Meta, recently opened up about a significant regret from his two decades of leading Facebook, now Meta. During a live event for the “Acquired” podcast at San Francisco’s Chase Center, Zuckerberg described a “20-year mistake” related to how Meta has handled various controversies and criticisms over the years.
Zuckerberg’s Reflection on Apologies and…
Global venture capital firm Accel has unveiled its latest pre-seed scaling initiative, Accel Atoms 4.0, with plans to invest up to $1 million in selected start-ups. The program, which opens for applications on September 16 and closes on November 17, will focus on two key areas: artificial intelligence and start-ups targeting the Indian market, or ‘Bharat.’
Accel Atoms 4.0 will provide funding…
Uber has reintroduced its premium ‘Uber Black’ service in Mumbai, catering to the increasing demand for luxury ride options in India. Starting next week, the service will offer high-end vehicles and luxury amenities, priced 30-40% higher than Uber Premier.
The revamped Uber Black will feature high-end SUVs and MUVs from brands like Toyota and MG, replacing the earlier luxury vehicle options…
InMobi, the SoftBank-backed consumer technology firm, has announced it has raised $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. This funding will be allocated to advance InMobi’s artificial intelligence (AI) technology and to explore potential AI-focused acquisitions.
The company, which is preparing for a potential listing in India…
Commerce Minister Piyush Goyal has launched the Trade Connect ePlatform, a new digital tool aimed at assisting Indian exporters with essential information and resolving payment issues. This comprehensive portal serves as a single point of access for both existing and aspiring exporters, providing resources to enhance export activities.
The Trade Connect platform is designed to streamline trade…
Property listing platform Rightmove has turned down a £5.6 billion acquisition offer from Australian rival REA Group, which is majority-owned by Rupert Murdoch’s News Corporation. Rightmove’s board dismissed the bid as “wholly opportunistic,” stating that REA Group had “fundamentally undervalued Rightmove and its future prospects.”
In a statement issued on Wednesday, Rightmove’s…
