New Delhi (IANS) Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market. The company … read more
Chennai (IANS) The absence of full-time Chairman and Managing Director for the listed New India Assurance Company and full-time Directors for all the public sector non-life insurers, failure of IRDAI in curbing the unethical market practices of private players, are some … read more
Kolkata (IANS) Diversified Indian conglomerate ITC Limited’s sales through the e-commerce channel in the last financial year saw a threefold rise over FY 2019-20 levels, taking the channel salience to 7 per cent. In its recently released annual report, the company … read more
New Delhi (IANS) Global VC firm Accel has announced a new $4 billion later-stage fund to provide expansion capital to promising companies within its own portfolio worldwide, as well as other aspiring firms. Accel set up local teams and establish a … read more
Bengaluru (IANS) Sales automation software-as-a-service (SaaS) platform LeadSquared on Tuesday announced it has raised $153 million in a Series C funding round from WestBridge Capital to become a new unicorn (valuation of $1 billion and above) in the country. India is … read more
New Delhi (IANS) On June 7, Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the ‘Azadi ka Amrit Mahotsav’, had said that retail investors seemed to act as “shock absorbers” even when … read more
Chennai (IANS) In order to provide insurance cover to fertilisers imported from Russia and Belarus, the Indian insurance sector has created a Rs 500 crore ‘fertiliser pool’, said a senior industry official. “With European reinsurers not willing to provide reinsurance support … read more
New Delhi (IANS) Every state must recognise its strength, define its targets and develop a roadmap to achieve the same as this is essential for India to become a $5 trillion economy, Prime Minister Narenda Modi said at the national conference … read more
New Delhi (IANS) Homegrown social media company ShareChat on Thursday said it has closed a $520 million multi-tranche funding round, taking its valuation to $5 billion. In the funding round, ShareChat raised $255 million from Google, Times Group, and existing investors, … read more
Gurugram (IANS) Addressing the joint annual Convocation Ceremony of Management Development Institute (MDI), Gurgaon and Murshidabad, as the chief guest, Sanjiv Mehta, CEO and Managing Director of Hindustan Unilever limited, urged the graduating students to temper ambition with humility. “Humility is … read more