Support

Tag: Indias

India’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin

July 20, 2024 No Comments Business , , , , , , , ,

By Reuters Published Jul 20, 2024 India’s Reliance Industries, a retail-to-telecom conglomerate, reported first-quarter profit on Friday that missed estimates, hurt by lower margins on fuel sales. The billionaire Mukesh Ambani-led company, India’s largest by market value, said its consolidated profit fell to 151.38 billion rupees ($1.81 billion) in the April-to-June quarter, from 160.11 billion [...]read moreIndia’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin

Google to invest $350 million in India’s Flipkart, valuing co at $37 billion, source says

May 25, 2024 No Comments Business , , , , , , ,

By Reuters Published May 25, 2024 Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told Reuters. Google to invest $350 million in India’s Flipkart, valuing co at $37 billion, source says Google and [...]read moreGoogle to invest $350 million in India’s Flipkart, valuing co at $37 billion, source says

India’s ICICI Bank exposed thousands of credit cards to ‘wrong’ users

April 25, 2024 No Comments Technology , , , , , , , ,

ICICI Bank, one of India’s top private banks, exposed the sensitive data of thousands of new credit cards to customers who were not their intended recipients. The Mumbai-based bank confirmed to TechCrunch Thursday that its digital channels “erroneously mapped” about 17,000 credit cards issued in the past few days to “wrong” users. The issue came [...]read moreIndia’s ICICI Bank exposed thousands of credit cards to ‘wrong’ users

India’s JioCinema launches Rs 29 premium tier featuring ad-free, 4K viewing

April 25, 2024 No Comments Technology , , , , , , ,

JioCinema introduced a new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents. The revamp in the pricing strategy comes as the market-leading service seeks to exert greater pressure on rivals including Netflix and Prime Video. The service — backed by Asia’s richest man, Mukesh Ambani — introduced two monthly tiers: [...]read moreIndia’s JioCinema launches Rs 29 premium tier featuring ad-free, 4K viewing

India’s central bank cracks down on Kotak Mahindra Bank over IT, risk management lapses

April 24, 2024 No Comments Technology , , , , , , , ,

India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers through its online and mobile banking channels, and to stop issuing fresh credit cards, citing serious deficiencies in the bank’s IT systems and risk management practices. Kotak Mahindra Bank is one of the largest private banks in India. It’s also [...]read moreIndia’s central bank cracks down on Kotak Mahindra Bank over IT, risk management lapses

India’s election overshadowed by the rise of online misinformation

April 20, 2024 No Comments Technology , , , , ,

As India kicks off the world’s biggest election, which starts on April 19 and runs through June 1, the electoral landscape is overshadowed by misinformation. The country — which has more than 830 million internet users and is home to the largest user base for social media platforms like Facebook and Instagram — is already [...]read moreIndia’s election overshadowed by the rise of online misinformation

Jio Financial, BlackRock to tap India’s wealth management market

April 15, 2024 No Comments Technology , , , , , , ,

Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and broking business in India, the two firms said Monday. The announcement follows BlackRock and Jio Financial launching a joint venture last year to offer asset management services in India. [...]read moreJio Financial, BlackRock to tap India’s wealth management market

India’s Exponent Energy brings 15-minute charging to passenger three-wheelers

April 12, 2024 No Comments Technology , , , , , , ,

India is getting an electric three-wheeler passenger vehicle that charges from 0 to 100% in 15 minutes. The launch of the new EV — a collaboration between auto manufacturer Omega Seiki Mobility and battery-tech startup Exponent Energy — comes amid India’s ambition to electrify 80% of all its three-wheelers by 2030 in an effort to [...]read moreIndia’s Exponent Energy brings 15-minute charging to passenger three-wheelers

India’s Ola retreats from international markets, exiting UK, Australia and NZ

April 9, 2024 No Comments Technology , , , , , ,

Ola is shutting down its operations in the UK, Australia and New Zealand, six years after expanding to international markets as the Indian ride-hailing giant shifts focus to doubling down in the home market nation ahead of an initial public offering. “Our ride hailing business is growing rapidly, and we remain profitable and segment leaders in [...]read moreIndia’s Ola retreats from international markets, exiting UK, Australia and NZ

India’s tribunal court allows Byju’s to proceed with crucial EGM

March 28, 2024 No Comments Technology , , , , , ,

Byju’s secured favorable outcomes in two court hearings Thursday, paving the way for the embattled edtech startup to move ahead with the extraordinary general meeting scheduled for Friday. The National Company Law Tribunal refused to stay on Thursday Byju’s planned EGM to increase the authorized share capital for the $200 million rights issue. The matter [...]read moreIndia’s tribunal court allows Byju’s to proceed with crucial EGM