In a major regulatory move, the Securities and Exchange Board of India (Sebi) has removed over 15,000 content sites run by unregulated financial influencers in the past three months. This crackdown is part of Sebi’s broader initiative to safeguard investors and curb misleading financial advice from unauthorized sources.
Kamlesh Varshney, a Sebi wholetime member, emphasized the regulator’s…
Wipro Ltd announced on August 30 that Srikumar Rao will take over as the global head of its Engineering Edge business line, starting October 5, 2024. Rao succeeds Harmeet Chauhan, who is leaving to explore new opportunities. Rao, who has been with Wipro for 26 years, previously served as the Chief Operating Officer (COO) of Wipro Engineering Edge (WEE) and the Global Practice Head of Embedded…
At the Global Fintech Festival 2024 in Mumbai on August 28, RBI Governor Shaktikanta Das introduced two groundbreaking digital payment initiatives from the National Payments Corporation of India (NPCI): Bharat BillPay (BBPS) for Business and UPI Circle. These initiatives aim to enhance the inclusivity, security, and efficiency of India’s digital payments ecosystem.
Bharat BillPay for…
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…
LG Electronics Inc. is contemplating an initial public offering (IPO) for its India business as part of its strategy to achieve a $75 billion revenue target by 2030. This marks the first time the South Korean company, which competes with industry giant Samsung Electronics Co., has publicly discussed the possibility of listing its Indian operations.
CEO William Cho revealed that an Indian market…
During the latest earnings season, consumer-facing companies have observed a shift in shopping behaviors towards value-seeking. Lei Chen, co-CEO of PDD Holdings, the parent company of Chinese e-commerce platform Temu, has coined the term “rational consumers” to describe this trend.
In a recent earnings call, Chen characterized these consumers as making more “thoughtful” choices, balancing…
Bharat Heavy Electricals Ltd (BHEL) has announced that it has been awarded a ₹11,000 crore contract from Adani Power and its subsidiary, Mahan Energen Ltd (MEL). The contract involves setting up three supercritical thermal power projects, each with a capacity of 2×800 MW. The projects will be located in Kawai, Rajasthan, and Mahan, Madhya Pradesh.
BHEL’s role includes supplying equipment and…
Andela, a startup once valued at $1.5 billion, has appointed Carrol Chang as its new Chief Executive Officer. Chang, who previously led Uber’s global driver operations, steps into the role as Andela seeks to rejuvenate its growth trajectory following a challenging period.
Founded by Jeremy Johnson and a group of Africa-based entrepreneurs, Andela initially emerged as a talent accelerator…
Mangaluru-based ice cream brand Hangyo has raised $25 million in funding from Faering Capital. This investment will be used to enhance production capabilities, speed up product development, and extend Hangyo’s reach in key markets, particularly across South India.
Currently, Hangyo operates with over 350 distributors and more than 30,000 retail locations, holding a strong market presence in…
Nazara Technologies Limited, a prominent Indian gaming company, is advancing its international expansion strategy with two major announcements this month. On August 21, 2024, the company revealed plans to invest up to £21.2 million (about ₹229.4 crore) in its UK subsidiary to fund the acquisition of Fusebox Games Ltd.
The investment will be split into a share subscription of £4,236,246…
