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Chirag Taneja joins Bombay Shaving Company as chief revenue officer
Taneja will lead the entire online business including D2C technology, e-commerce, and brand. His business acumen and deep understanding of digital marketing and analytics will enable the internet-first brand to achieve its business goals at an accelerated rate.
CanFin Homes net profit grows 41%
“There has been a significant amount of margin expansion,” said Rajiv Mehta of Yes Securities.
Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: Sources
Proposals to invest in ailing Malaysia Airlines inc...
Flipkart’s ex-CTO allies with entrepreneur Raj Vattikuti to start credit firm
The duo has seeded the venture, DAVINTA, with Rs 140 crore of personal money. It already holds an NBFC licence, with disbursed loans of Rs 50 crore.
Byju’s secures $200m from Tiger at $8 billion valuation
New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion.
Time to celebrate businesses that have enhanced stakeholder value
Let the numbers do the talking: Family-run businesses have generated 14% annual average share price return since 2006, compared with 6% for non-family firms in India, as per Credit Suisse’s Family 1000 in 2018 report.
Escrowffrr raises $150,000 from Inflection Point Ventures in Pre-Series round
The company currently is focused on real estate and plans to utilize the funds raised through IP Ventures to grow their escrow business beyond real estate as a category, the investor said in a release.
Windrose Capital and ITI Growth fund invest Rs 2 crore in Invento Makerspaces
Invento Makerspaces was founded by Balaji Viswanathan along with two other co-founders. The ‘Mitra 2’ was launched by PM Modi at GES 2017 and the more advanced ‘Mitra 3’ was recently unveiled at the World renowned Consumer Electronics Show in Las Vegas. The robot is designed to interact with humans using facial and speech recognition.
FabAlley raises Rs 8 crore venture debt from Trifecta Capital
HSE had raised its first venture debt round of Rs 5 crore from Trifecta Capital in January 2018, it added. The company had raised Rs 60 crore in series B funding from SAIF Partners in December 2018.
First convention centre made by India in Africa launched as Delhi enters China's turf
India on Tuesday inaugurated first ever convention made by it in Africa with the Foreign Minister S Jaishankar inaugurating the Mahatma Gandhi International Convention Centre (MGICC) in Western African state of Niger as part of its outreach to the continent.
Arbitration tribunal restrains Bidvest from selling its stake in MIAL until further order
The arbitration tribunal was hearing the case after the Supreme Court in December had directed it to take a call on the sale of Bidvest’s 13.5% stake in Mumbai International Airport (MIAL).
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
Co-living firms partner with realty companies for customised spaces
With estimated rental yields as high as 9%, startups plan to pay either a fixed monthly payout or strike a revenue-share deal.
Ex-J&K minister’s son held for duping bank to buy homes abroad
Hilal Ahmed Rather, the son of three-time National Conference MLA Abdul Rahim Rather, was picked up from Jammu after an investigation into allegations that he used his father's influence as finance minister in the Omar Abdullah government in 2012 to get multiple loans sanctioned in the name of business ventures.
Airtel offers Rs 179 Prepaid plan with life insurance of Rs 2 lakh
"Priced at... Rs 179, Airtel's new prepaid bundle offers unlimited calling to any network, 2 GB data, 300 SMS along with a term life cover of Rs 2 lakh from Bharti AXA Life Insurance," the company said in a statement.
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