India

Netflix reportedly lost 1 million users in Spain
27 Apr

Netflix reportedly lost 1 million users in Spain

Priyanka Bhowmick0 CommentsBusiness, India,
According to a new study by market research group Kantar, Netflix's password-sharing crackdown cost Spain a million users in the first quarter of 2023. This translates to a decrease of about 15% of its total users.The streaming platform introduced the new system in Spain in early February, asking users for a €5.99 monthly fee to share their passwords with other households. According to Kantar, this is directly linked to the decline in the number of users in the country. Two-thirds of the one million users who log out of Netflix benefit from password sharing. One-third were actually paying for the…
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Uttar Pradesh Swachh Bharat Mission (Urban) bags HUDCO Award
26 Apr

Uttar Pradesh Swachh Bharat Mission (Urban) bags HUDCO Award

Priyanka Bhowmick0 CommentsIndia
Uttar Pradesh has been felicitated with the HUDCO award(2022-2023). It is given for the Best Practices to Improve the Living Environment. The state received an amount of rupees 1 lakh along with the award. Award was given to Neha Sharma, state(UP) mission director, during an event scheduled on the 53rd Foundation Day of the Housing and Urban Development Corporation Limited (HUDCO), in New Delhi, on Tuesday.
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Aditya Roy Kapoor replaces Shahid Kapoor as brand ambassador of Nautica
26 Apr

Aditya Roy Kapoor replaces Shahid Kapoor as brand ambassador of Nautica

Priyanka Bhowmick0 CommentsEntertainment, India,
Nautica, one of the leading global lifestyle brands, has announced renowned Bollywood actor and dapper heart-throb Aditya Roy Kapur as its new brand ambassador. Aditya Roy Kapur will front the new campaign that marks the arrival of Nautica's Spring Summer-23 collection for men. The brand enjoys a loyal customer base in metros, tier 1 and tier 2 cities and beyond. With Aditya Roy Kapur as the face of Natika's new campaign, the brand aims to create deep brand resonance with fashion-forward men aged 30-45 and establish itself as one of the leading men's fashion brands in the country.
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Zomato shares jump 8% amid heavy trading volumes
26 Apr

Zomato shares jump 8% amid heavy trading volumes

Priyanka Bhowmick0 CommentsBusiness, India,
Zomato shares rose 8 percent in Tuesday's early session amid strong trading volumes and demand from traders on Broker Street. With the stock rising, the food delivery player has recovered a market capitalisation (M-cap) of Rs 50,000 crore. About 66.8 lakh equity shares worth Rs 39.36 crore exchanged hands on BSE till 10.30 am, higher than its two-week average trading volume, according to data from BSE. On the other hand, 9.78 crore shares worth Rs 577.03 crore were traded on the National Stock Exchange (NSE). Shares of Zomato jumped nearly 8 percent to 60.40 on Tuesday, but the stock gave…
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Adani Ports starts $130 mln buyback of debt securities
25 Apr

Adani Ports starts $130 mln buyback of debt securities

Priyanka Bhowmick0 CommentsBusiness, India,
Adani Ports and Special Economic Zones, a subsidiary of India's troubled Adani Group, on Monday announced a buyback program of certain debt securities. The move aims to partially repay the outstanding debt in 2024.Adani Ports disclosed in a filing to the stock exchange that it has issued a tender for outstanding loans of up to $130 million.The company is taking this step to boost investor confidence, as Adani Group shares were badly hit after a negative report by US short-sellers earlier this year.The report added, "The group is likely to start with the first tranche of anywhere between $250 million…
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Esri India starts ArcGIS business analyst
24 Apr

Esri India starts ArcGIS business analyst

Priyanka Bhowmick0 CommentsBusiness, India,
Esri India, a provider of location intelligence software and solutions, has announced the availability of ArcGIS Business Analyst, a location intelligence solution suite designed to help organizations make data-driven smart decisions. Some of the target markets for this solution are banking and financial services companies, manufacturing companies, retail chains, insurance, real estate companies, healthcare, hospitality, transportation, logistics, etc. All such companies have business data to which a location element is attached, and using ArcGIS Business Analyst they can realize the full value of their data in decisions and gain a competitive advantage. ArcGIS Business Analyst for India will include various…
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Reliance Retail enters JV with Haryana firm for toy manufacturing
24 Apr

Reliance Retail enters JV with Haryana firm for toy manufacturing

Priyanka Bhowmick0 CommentsBusiness, India,
Reliance Retail announced on Sunday (April 23) that it has entered into a joint venture with a Haryana-based company for local production of toys to meet the growing demand. Reliance Retail currently owns the British toy brand Hamless and the homemade toy brand Rowan. The new venture will cater to both toy brands, sources said. Reliance Retail is playing a major role in the B2B toys segment, operating through Rowan. "We had a JV with Circle E retailer to produce toys for vertical integration for our toy retail business," Dinesh Taluja, CFO of Reliance Retail, said during an earnings call…
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Deloitte to slash headcount by 1,200
22 Apr

Deloitte to slash headcount by 1,200

Priyanka Bhowmick0 CommentsBusiness, India,
Deloitte will cut 1,200 jobs, or 1.5% of its US workforce, the Financial Times reported. Layoffs will be higher at auditing firms in areas such as the financial advisory business, the report added. Earlier this week, Deloitte's rival Ernst & Young said it had cut staff in its U.S. arm by 5%. Layoffs from auditing firms will be even greater in areas such as the financial advisory business, which has been hit by a slowdown in merger and acquisition activity, the newspaper said.Earlier this week, Deloitte's rival Ernst & Young said it had cut staff in its U.S. arm by…
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Reliance Jio Registers 13% Rise In March Quarter Profit
22 Apr

Reliance Jio Registers 13% Rise In March Quarter Profit

Priyanka Bhowmick0 CommentsBusiness, India,
Reliance Jio, the country's largest telecom operator, on Friday reported a 13 per cent increase in net profit for the fourth quarter ended March 2023, the company said in a regulatory filing. In the one-year-ago period, Reliance Jio posted a net profit of Rs 4,173 crore. Its income from operations rose nearly 12 percent to Rs 23,394 crore in the reported quarter from Rs 20,945 crore in the March 2022 quarter.For the year ended March 31, 2023, the company's net profit rose nearly 23 percent to Rs 18,207 crore from Rs 14,817 crore in 2021-22. Annual income from operations rose…
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Mesa School of Business raises INR 34 Cr startup leadership programme
21 Apr

Mesa School of Business raises INR 34 Cr startup leadership programme

Priyanka Bhowmick0 CommentsBusiness, India,
In a funding round led by Mesa School of Business Elevation Capital, INR raised Rs 34 crore with the participation of angel investors like Kunal Shah, Vidit Atre, Abhiraj Bahl and others. The startup is looking to deploy incoming funding to develop a curriculum and deliver it to a founding cohort of 60 students in partnership with startup leaders and potential future employers. Ankit Agarwal and Varun Limaye founded the Mesa School of Business in 2023 startup leadership began offering a 12-month, full-time PG program. At the end of the program, startups claim that students will get opportunities for leadership…
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