Flipkart Changes its employee policy, giving 100% bonuses to and merit-linked payouts.
In a phase where tech and tech-based companies are laying off their employees, India’s largest E-commerce company Flipkart made a one-time change of giving bonus and merit-linked payout to their eligible employees. What does this payout policy cover? Usually, companies give an annual hike to their employees. According to this policy, Flipkart will give bulk […]
Bollywood Star Katrina Kaif Joins MS Dhoni’s CSK as Brand Ambassador.
Katrina Kaif has been named officially by Chennai Super Kings (CSK) as their brand ambassador for the 2024 Indian Premier League (IPL). With her enormous fan base and captivating presence, this collaboration will increase the team’s appeal and strengthen its heroic connection with fans worldwide. Brand ambassadors have become essential for cricket teams these days […]
Hero FinCorp write-offs bad loans worth 1200 crore before IPO launch plans.
Hero Fincorp recently wrote of its bad debts worth Rs 1200 crore, which represents almost 3.4% of its loan book. This associate company NBFC of Hero MotoCorp is planning to launch an IPO in 2024. Now the lender looks forward to cleaning up its records before asking for funds from the market. The impact on […]
NSE Introduces Four New Indices. What Do These Mean For The Investors?
This may be good news for investors as the National Stock Exchange decided to launch 4 new indices namely Nifty Tata Group 25 percent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare. In a recent circular by NSE, they proposed these 4 new indices in cash and […]
How Marketing Strategies Made Pharmeasy Stand Out in the Medicine Industry.
PharmEasy is an Indian online medicine delivery platform and a health-tech start-up. By providing easy delivery of medicines at the doorstep, the company made great progress in making healthcare products accessible in India. This online pharmacy platform has gained immense popularity and attention since the COVID-19 pandemic. One of the reasons behind the popularity of […]
Japanese Bank MUFG to Buy 20% Stake worth $2 Billion in HDB Financial Services, HDFC Bank’s NBFC Arm.
Bloomberg’s Report on Mitsubishi UFJ Financial Group Inc (MUFG) investing $2 billion in HDB Financial Services Ltd has emerged. As per the reports by Moneycontrol, this investment will value HDB at an impressive $10 billion. MUFC is the world’s second-largest bank holding company. HDB is a non-banking lender and subsidiary of HDFC Bank Ltd in […]
Tata Tech And BMW Entered a Joint Venture To Develop Auto Software.
BMW Group and Tata Technologies agreed on signing an agreement to form a joint venture (JV). The purpose of JV is to develop auto-software in India. The two companies will hold a 50% stake each. The companies will have an equal say in how the JV operates. There will also be mutual participation in the […]
This is why Tata Capital Sold its Travel & Foreign Subsidiaries to Thomas Cook.
Tata Capital sold its 2 subsidiaries, Tata Capital Forex Limited (foreign exchange) and TC Travel and Services Limited (travel services), to Thomas Cook India in 2017. Thomas Cook purchased these subsidiaries to strengthen its market share in travel services, a provider of foreign exchange services in India. About the deal In 2017, Thomas Cook faced […]
What Made Tata Capital Raise $200Million Foriegn Loan?
Tata Capital Ltd has raised a $200 million three-year loan from Taiwan’s CTBC Bank and Singapore’s DBS Bank. The company wants to diversify its liabilities and is looking to raise up to $750 million through overseas loans, bonds, and other debt instruments in FY25. Tata Capital’s expansion efforts Earlier, Tata Capital could answer 75 percent […]
Capgemini And Mistral AI Collaborates To Drive Generative AI
On February 8th, 2024, Capgemini, a global tech titan, sent ripples through the industry by partnering with Mistral AI, a young French company specializing in cutting-edge generative AI. This alliance has the potential to be a game-changer, especially for investors. Capgemini’s CEO, Fernando Alvarez, said this partnership is about “spearheading the AI revolution.” He emphasized […]
