The boom in the subscriptions economy is causing ‘subscription fatigue’ in India, according to a new survey. Nine in ten (89 per cent) Indian subscribers believe there are now “too many” subscription services available. As a result, 92 per cent now demand a unified platform to administer all of their subscriptions. Despite many feeling overwhelmed, […]
India’s Ola Electric plans to file regulatory papers for its up to USD 700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at USD 5.4 billion in a recent […]
Ethnic clothing retailer Sai Silks (Kalamandir) announced on Monday that it has raised more than Rs 360 crore from anchor investors, days before the start of its Initial Public Offering (IPO). According to a circular posted on the BSE website, the company has allocated 1.63 crore equity shares to 26 funds at Rs 222 a […]
Microsoft’s product chief, Panos Panay, is set to depart from the technology giant, as announced by Rajesh Jha, the executive vice president, to employees on Monday. Panay is reportedly being hired by Amazon to oversee its hardware business. The move comes after Dave Limp, the longtime Amazon hardware chief, announced his plans to retire from the […]
Indian automaker Tata Motors said on Monday that it will raise the prices of its commercial vehicles by up to 3 per cent, its third hike this calendar year to offset the residual impact of past input costs. The price hike, effective from 1 October, will be applicable across its range of commercial vehicles, the […]
1 Hair Stop, an Indian hair extension brand is expected to launch a haircare range by December this year, specifically designed for their extensions, Raina Grover, Co-founder of the company said in an exclusive conversation with BW Retail World. “A lot of people do ask us what shampoo and conditioner they should use for the […]
Daniel Zhang, the former chief of Alibaba Group, has made the decision to step down from his role leading the company’s cloud division, introducing a new layer of uncertainty to China’s largest e-commerce company. This development comes just months after Zhang had agreed to take charge of the cloud division. The news of Zhang’s departure […]
In the fast-paced world of business and technology, the term “AI” (artificial intelligence) often takes center stage, promising revolutionary changes and groundbreaking innovations and how investors’ pitches are now saturated with the term “AI,” said Peyush Bansal, Co-founder and Chief Executive Officer, Lenskart at TiE Delhi-NCR India Internet Day 2023. “Technology is not the problem. […]
Reliance Industries Chairman and Managing Director Mukesh Ambani on Monday announced that the company will launch Jio AirFiber this Ganesh Chaturthi (19 September). He was addressing its 46th Annual General Meeting of Reliance Industries. Reliance aims to tap the untapped segment with an addressable market of over 200 million Indian homes. What is Jio AirFiber: […]
The the Board of Directors at Adani Ports and Special Economic Zone Limited has appointed M S K A and Associates, an independent member firm of BDO International, as the statutory auditors of the company to fill the vacancy caused by the resignation of Deloitte Haskins and Sells LLP. The new auditor will hold office […]
