One of the world’s largest investment management companies, Canada Pension Plan Investment Board has invested $115 million in Indian logistics giant Delhivery. This move is said to be highly instrumental in giving CPPIB a great exposure to the Indian logistics market. Delhivery’s founder and CEO, Sahil Barua seemed extremely happy at the association of the […]
Alibaba all set to launch its e-commerce business in India through its subsidiary UCWeb
Last month, Amazon inaugurated its only corporate office outside the US in Hyderabad. Now Alibaba Group is reportedly planning to launch its wholly-owned e-commerce business this FY19. Alibaba will launch the e-commerce business through its subsidiary UCWeb. The Vice President of UCWeb Global Business, Huaiyuan Yang said that the plan is not going to influence […]
Aramco and Reliance to form the biggest foreign investment in the history of Reliance
In the Annual General Meeting (AGM) of Reliance Industries held for the 42nd time this year, Mukesh Ambani, Chairman of Reliance Industries affirmed that for an enterprise value of 475 billion, Saudi Aramco is going to acquire 20 percent stake in the oil to chemical business of RIL. Informing the shareholders, Mukesh Ambani said, “Delighted […]
Flipkart all set to launch online store in Mumbai
Flipkart is planning to expand its services in Mumbai by launching its first online grocery superstore. The firm plans to include tier I and tier II cities in the next five years. The e-commerce firm announced on Wednesday that they are launching an online “Superstore” for which they did a soft launch in the city […]
Shareholders reapprove appointment of Chandrasekaran as TATA Motors CEO
TATA Motors announced on Tuesday, 30 July 2019 that its shareholders have approved the re-appointment of N Chandrasekaran as the director of the company’s board. With 98.65 per cent votes, the shareholders of the firm have welcomed the director with open arms. Due to the completion of their terms, Nasser Munjee, Vinesh Kumar Jairath and […]
Berger explores acquisition in Russia
As discussed in a general meeting on Monday, August 6, Berger Paints is evaluating inorganic growth in the country while continuing to pump in capital in the domestic market. Berger chairman Kuldip Singh Dhingra said, “We are looking at opportunities to grow in Russia. Growth through inorganic route is also being evaluated.” In the existing units […]
Rajesh Mehta listed among top CEOs of the world
Rajesh Mehta appeared in the CEOWORLD magazine’s list of world’s most influential CEOs alongside Mukesh Ambani and Lakshmi Mittal Rajesh Mehta, CEO of the Indian gold conglomerate Rajesh Exports, was recently named in the list of the world’s most influential CEOs in 2019 by the CEOWORLD magazine. Mehta appeared in the list along with the […]
IndiGo all set to start daily flights to Vietnam
Vietnam to become the fifth South – East Asian country to enter the network of IndiGo Airlines. The other countries in the network are Thailand, Singapore, Myanmar and Malaysia. Prior to the launch of this, there was no flight directly to Vietnam. A few years ago, this service was initiated but had to be shut […]
Capa Affirms The Interest Of Private Players In Second Attempt Of Air India Divestment
According to aviation consulting firm, CAPA (Centre for Asia Pacific Aviation), many private players are showing strong interest in the second attempt of Air India’s divestment. This includes participation from leading global airlines such as those from the Gulf, in a joint venture with large Indian conglomerates. As stated in a report, released on Wednesday,31 […]
GoDaddy: Indian SMBs keen to improve online presence
In the digital age of today’s world, it is significant for Indian small and medium-sized businesses (SMBs) to shift their focus towards developing a strong online presence. Coming in line with this thought, Indian SMBs seem to be more inclined towards maintaining their online presence as compared to their global counterparts. A survey recently conducted […]