Reliance to embed JioMart in WhatsApp within six months.

Billionaire Mukesh Ambani’s Reliance Retail Ltd plans to embed its e-commerce app JioMart into WhatsApp within six months, allowing the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development said, requesting...

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UK’s Deliveroo raises $180 million from investors, valued at $7 billion.

British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon , in a move that values the business at more than $7 billion.Deliveroo is set to hold an initial public offering in the coming months, in what would...

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Billionaire Jhunjhunwala-backed game startup Nazara starts India’s tech IPO rush.

Nazara Technologies Ltd. , the cricket games developer backed by billionaire Rakesh Jhunjhunwala, became the first Indian gaming technology company to seek a market debut as mobile entertainment takes off across the world’s No. 2 smartphone arena.The Mumbai-headquartered startup filed initial public...

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PVR reports net loss of ₹49 crore in Q3.

Multiplex operator PVR on Friday reported a consolidated net loss of ₹49.10 crore for the third quarter ended December 2020, as it continued to be impacted by the COVID-19 pandemic.The company had logged a consolidated net profit of ₹36.34 crore in the same quarter last fiscal, PVR said in a regulatory...

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Toyota to pay $180 million to settle US emissions violations: Report.

Toyota will pay $180 million to settle charges it failed to comply with rules mandating that auto companies report problems with vehicle emissions to authorities, the US Department of Justice said on Thursday."Toyota pays the price for its misconduct with a $180 million civil penalty and agreement to injunctive...

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‘As promised’: Tesla CEO confirms entry into India’s automobile market.

Tesla CEO Elon Musk has confirmed the company's plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country."As promised," Musk tweeted in response to a thread linked to a blog that analyzed how India could still be a market to be developed for Tesla...

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PayPal becomes first foreign company to offer digital payments in China.

PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the US fintech giant eyes a bigger foothold in a booming market for online payments.PayPal acquired the 30% stake it doesn't already own in China's GoPay,...

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Wipro Q3 net profit up 20.8% to ₹2,968 crore.

IT services major Wipro on Wednesday posted an about 21 per cent increase in consolidated net profit at ₹2,968 crore for the December 2020 quarter.The net profit attributable to shareholders in the year-ago period was at ₹2,455.9 crore, according to a regulatory filing by Wipro.Its revenue from...

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Elon Musk’s Tesla registers unit in India.

American electric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the country's automobile market.According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.The company has been registered as an unlisted...

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Prince Charles in appeal to Indian businesses to sign up to new Earth Charter.

Britain’s Prince Charles on Monday made a special appeal to businesses in India to sign up to a new green charter, which he launched as a roadmap to 2030 for companies to move towards an ambitious and sustainable future.The 72-year-old heir to the British throne unveiled the charter, called the Terra...

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