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Under its Employee Stock Option Scheme (ESOP) 2021, PB Fintech, the parent company of the well-known insurtech company Policybazaar, has distributed about 27 lakh equity shares. On November 15, PB Fintech said in an exchange filing that its board has given its authority to distribute 27,85,962 equity shares
According to a media citation, Tata Electronics plans to establish a new joint venture (JV) to purchase a 60% majority stake in Taiwanese contract manufacturer Pegatron's iPhone facility in Tamil Nadu. According to the report, the action will improve Tata's standing as an Apple supplier in
According to a media report, the government is developing voluntary rules of ethics and conduct for businesses to adhere to while using generative AI or artificial intelligence (AI). According to an official, the ethics and conduct guidelines created by the Ministry of Electronics and Information Technology will resemble "informal
According to a senior official on November 14, the government has chosen the logistics aggregator Shiprocket and the air cargo handling company Cargo Service Centre (CSC) to establish e-commerce export hubs in the nation on a pilot basis. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi informed reporters that
On November 15, Nazara Technologies and Zerodha co-founder Nikhil Kamath's WTFund promised to invest a total of INR 2 crore in two gaming firms, Xigma Games and Norian Games. In order to improve India's reputation in the international gaming industry, they are investing in the next
While reorganising its operations last week, 80–100 workers were let off by Mumbai-based audiobook platform Kuku FM. Additionally, contracted staff were affected by the exercise. According to the reports, 300 workers, both on and off the roll, lost their jobs overall. The exercise had the biggest effect on the
With the launch of JioStar.com as their official website, Reliance Industries and The Walt Disney Company announced on 15 November that their media merger in India was complete. Instead of being a streaming platform as was previously speculated, JioStar.com, the company's new digital destination, exhibits the
According to many media sources, food delivery and fast commerce giant Zomato Ltd. has selected investment bank Morgan Stanley and started developing its projected qualified institutional placement (QIP) offering of up to INR 8,500 crore (about $1 billion). Depending on the state of the market, Zomato plans to deploy
According to reports, boAt, a manufacturer of smartwatches and audio goods, has selected a number of bankers for an IPO that will cost between $300 and $500 million next year. According to media sources, ICICI Securities, Goldman Sachs, and Nomura have joined the business as IPO bankers. The report also
On 13 November, the Confederation of All India Traders (CAIT) accused rapid commerce platforms of breaking a number of national laws, such as the Competition Act, the Consumer Protection Act, and Foreign Direct Investment (FDI) regulations. The trade group stated in a white paper that more than INR 54,000
For about INR 28 crore (about $3.5 million USD), Reliance Consumer Products, a division of Reliance Retail, purchased the direct-to-consumer (D2C) snack company TagZ Foods. This purchase, which some have referred to as a distress sale, is another example of a big company purchasing a smaller direct-to-consumer brand. Founded
According to a media report, Blinkit, Zomato's rapid commerce division, has started a pilot programme to test a large-order fleet intended for delivering heavier consumer goods within the Delhi NCR area. Geysers, air purifiers, luggage bags, and PlayStations are among the things handled by the fleet, according to