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    Zomato turns a public company ahead of IPO

    Zomato has undertaken a corporate revamp to convert itself into a public limited company from a private company. The name of the firm has been changed to Zomato Limited from Zomato Private Limited, the regulatory filings showed. The company passed a special resolution earlier this month, amending its MOA (Memorandum of Association) and renaming itself as Zomato Limited from April 09, 2021. With this,...

    • 3 days ago
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    Apple announces first-ever $200 million carbon removal initiative

    Cupertino giant Apple on Thursday, April 15, announced a first-of-its-kind carbon removal initiative called ‘Restore Fund’. Under this new initiative investments will be made in forestry projects to remove carbon from the atmosphere. The new initiative is part of Apple’s broader goal of becoming carbon neutral across its entire value chain by 2030. Launched with Conservation...

    • 4 days ago
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    Flipkart to take over Cleartrip in distress sale

    Flipkart will acquire embattled travel and booking platform Cleartrip, one of the oldest Indian players in the segment. This will be the latest addition to the list of acquisitions by the Walmart-owned Indian e-commerce major in various sectors. The deal is likely to be a mix of cash and equity and will see Cleartrip valued at $40 million, The Economic Times reported. The daily added that talks...

    • 6 days ago
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    Amazon India to bear COVID vaccine cost of over a million employees, sellers

    Amazon India has said it will bear the COVID-19 vaccination cost of over 10 lakh of its employees, associates, sellers, and others in its partner network system. The e-commerce giant will also cover its delivery service partner associates, comprising Amazon Flex drivers, ‘I Have Space’ store partners, trucking partners, and their eligible dependents. The benefit...

    • 6 days ago
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    Amazon India launches 'Mentor Connect' for start-ups, emerging brands

    Amazon India announced the launch of its ‘Mentor Connect’ programme on April 11. It is aimed at accelerating the growth of start-ups and emerging brand owners enrolled under its Amazon Launchpad initiative. Through the programme, start-ups, and emerging brands will gain access to guidance from venture capital firms, industry veterans and Amazon leaders through expert...

    • a week ago
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    China regulators slap $2.75 billion fine on Alibaba for anti-monopoly violations

    Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation (SAMR) said that after an investigation launched in December, it had determined that Alibaba Group had been “abusing market...

    • a week ago
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    SII fully refunds South Africa for 500,000 undelivered COVID-19 vaccine doses

    The Serum Institute of India has fully refunded South Africa for the 500,000 doses of the COVID-19 vaccine, which were not delivered to the country after it decided not to use the vaccine because it was not effective against a new variant of the virus. A million doses from the institute, which had already been delivered, have been sold on to other countries in the...

    • 2 weeks ago
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    ACC fully on track to execute its strategic priorities

    The 85th Annual General Meeting of ACC Limited was organized virtually on April 7th 2021. Mr. Martin Kriegner, Non-Executive Director of the Company, chaired the AGM. As mentioned by Mr. Kriegner, in year 2020 ACC progressed very well on the implementation of its four strategic priorities: Performance, Growth, Innovation and Sustainability. ACC delivered on the expectations of its...

    • 2 weeks ago
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    Adani Group third Indian conglomerate to cross $100 billion in m-cap

    Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross $100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or $106.8 billion, according to...

    • 2 weeks ago
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    Global firms expand production in India after govt woos investors with PLI scheme

    Leading international companies are expanding production at their newly setup units in India after the government launched attractive initiatives such as the production-linked incentive (PLI) scheme for smartphones and other technology-driven sectors, Girija Pande, chairman of Apex Avalon Consultancy, said on Monday. Buoyed by the surge in interest from global...

    • 2 weeks ago

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