Companies

Slack sold for $28 billion; each user valued at over $2,300, paid subscriber at $197,000

Salesforce has acquired Slack in a deal valued at $27.7 billion, positioning both companies at better competing against Microsoft and Microsoft Teams.

Dec 2, 2020

Rohit Reddy-The Superstar of entrepreneurs

Rohit projects are eco friendly and have a pre reservation of large areas of plantation in them, they claim.

Dec 2, 2020

Anonymous SpiceJet pilot alleges distress; airline denies allegations, says no discontent

An open mail to SpiceJet Chairman highlighting the alleged plight of the pilots has sounded the alarm, but the airline has denied the allegations saying it's a deliberate attempt to malign the company.

Dec 1, 2020

Reliance Retail completes fund raise of Rs 47,265 crore for 10.09% stake

RRVL has received cumulative subscription amount of Rs 47,265 crore from its financial partners and allotted 69,27,81,234 equity shares to them.

Nov 19, 2020

Reliance Retail Ventures acquires 96% holding in Urban Ladder for Rs 182 cr | Details inside

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Decor Solutions Private Limited (UrbanLadder) for a cash consideration of Rs 182.12 crore.

Nov 15, 2020

Zomato COO Gaurav Gupta to now focus on company's nutraceuticals biz ahead of IPO

Zomato's COO will now be focusing on the company's nutraceuticals business, which is touted to be a value driver for the food-delivery company.

Nov 9, 2020

Saudi Arabia's PIF to buy 2.04% in Reliance Retail for Rs 9,555 cr

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that the Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04 per cent into RRVL, a subsidiary of Reliance Industries.

Nov 5, 2020

RIL Q2 result: Mukesh Ambani loses $5 billion as share tanks more than 8%

RIL's stock has outperformed Sensex with a 29% jump since the beginning of this year but due to crashing oil demand, its revenues fell

Nov 2, 2020

Who is Mohit Joshi; new CEO of Havas Media Group

Mohit Joshi was managing director of Havas Media Group before being promoted to the role of CEO.

Oct 30, 2020

Flipkart emerges winner during festive sale; Amazon thinks not

Amazon has responded to the RedSeer report, raising questions on its methodology that helped draw the conclusion that Flipkart was the winner in terms of sales.

Oct 28, 2020

Airtel enters $1bn cloud communications market in India

Telecom major Bharti Airtel on Monday launched a new platform called Airtel IQ, marking the company's entry into an estimated $1 billion Indian cloud communications market.

Oct 26, 2020

'Thank you, Aditya Puri, for 25 glorious years': HDFC pays grand tribute to outgoing boss

India's largest private sector lender HDCF bank has paid tribute to its outgoing Managing Director and Chief Executive Officer, Aditya Puri. Aditya Puri played the central role in making HDFC bank the largest private sector lender in India

Oct 24, 2020

Wahid Badami's Marvans Mobile online store serving customers across the country now

Marvans Mobile has 3 stores across Vadodara, each with its own unique architecture and interiors

Oct 21, 2020

Qualcomm, Reliance Jio light up India's first 5G trials, top 1000 MB speeds

Inching closer to its 5G rollout, India's Reliance Jio, which counts 400 million subscribers on its 4G network in India, achieved a 1000 Mbps throughput milestone for its first round of 5G trials in partnership with US wireless-communication chip giant Qualcomm Inc.