Business Archives - Page 39 of 39 -

15 Mar

Bitcoin jumped to its highest since June as the rally gained momentum

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness

Bitcoin hit a nine-month high on Tuesday, gaining more than 30% in four days, as global markets fended off chaos after the collapse of Silicon Valley banks last week and hopes that U.S. interest rates won't rise so fast. Bitcoin jumped 9.6% to $26,533, its fourth-highest daily gain since June 2022. US authorities have boosted major cryptocurrencies in recent days by announcing plans to limit Silicon Valley Bank (SVB) from collapsing. The move by US authorities helped stabilize the major USDC stablecoin, whose issuer Circle had $3.3 billion in deposits at SVB. The stability of USDC, the second-largest stablecoin and…

14 Mar

WhatsApp is trying to bring communities to its iOS business app

Priyanka Bhowmick0 CommentsBusinessBusiness

Good news for iPhone users, the popular Meta-owned instant messaging app WhatsApp is reportedly working to bring Communities to its WhatsApp Business app for iOS. The platform is likely to add a new entry point for the new feature within app settings, instead of removing the Business Tools tab introduced last year, WABetaInfo reported. With the new feature, businesses will be able to access the full list of communities they've previously joined, including their subgroups and community announcement groups. Furthermore, businesses will be able to create a new community within this category. The new feature will be helpful for businesses…

14 Mar

Bank: Bandhan Group plans a foray into the insurance business

Priyanka Bhowmick0 CommentsBusinessBusiness, India

Bandhan Group is planning to enter the insurance business, people with knowledge of the matter told CNBC-TV18. The group plans to enter the general insurance business first, followed by life insurance, sources said. Officials from the Bandhan Group recently met the insurance regulator, expressing their intentions for the same. The group is looking at both organic and inorganic routes for this planned foray and is already in talks with many general insurance companies for a potential acquisition opportunity, according to the source. Bandhan Group officials recently met the insurance regulator, expressing their intentions. The group is looking at both organic…

11 Mar

RENÉE Cosmetics ropes in Jahnvi Kapoor to endorse its fragrances

Priyanka Bhowmick0 CommentsBusiness, Entertainment, IndiaBusiness, Entertainment, India

Beauty brand Renee Cosmetics has roped in Janhvi Kapoor as the face of their fragrance division. With this approach, the brand plans to further expand their fragrance portfolio in the near future. Ashka Goradia Gobal, Co-Founder and Director, Renee Cosmetics said, “It's amazing to have Janhvi as the face of our fragrance division. Her infectious energy and impact appeals to our audience and I'm sure her popularity will garner even more appreciation from our consumers." Kapoor said, “I enjoyed working with Renee. They set a high standard for innovation and product quality, their products are impressive, and I wish them…

10 Mar

IndiGo has appointed Mark Such as CCO for its international cargo business

Priyanka Bhowmick0 CommentsSikkimBusiness

Country's largest airline IndiGo has appointed Mark Sutch as Chief Commercial Officer for its international cargo business. From March 1, the carrier said its cargo business will have two CCOs of Cargo — Mahesh Kumar Malik heading the domestic and international divisions. IndiGo inducted its first A321 freighter in November and the second in December last year. Two more cargo ships are expected this year. Sutch was previously Chief Commercial Officer at Marseille-based CMA CGM Air Cargo. He also worked with Cathay Pacific Airways, including a 5-year stint in Mumbai as the airline's regional GM for South Asia, Middle East…

10 Mar

Jubilant Foodworks has appointed Sameer Batra as President of Domino’s India

Priyanka Bhowmick0 CommentsBusiness, WorldBusiness

Jubilant Foodworks has announced the appointment of Sameer Batra as President and Chief Business Officer - Domino's India with effect from 09 March 2023.Batra brings over 22 years of experience in the consumer space and will help take Domino's Pizza India to the next phase of growth based on best-in-class customer experience, operational excellence, same-store growth and store expansion. Batra will join from Amazon where he served as Director - Marketplace and Business Expansion for Prime Video.

09 Mar

Surf excel becomes HUL’s first $1 billion brand

Priyanka Bhowmick0 CommentsBusinessBusiness, India

Surf, the original market leader in the detergent category, was ousted from the top spot in 1985 by Ahmedabad-based Nirma's namesake brand. This prompted HUL to launch a low-cost wheelie to take on the new rival, occupying the top spot. It held the position from the early 1990s until 2012, when it was superseded by Kanpur-based watch brand RSPL. However, Surf left behind both the wheel and the clock three years earlier. Hindustan Unilever's Surf Excel detergent brand is set to cross $1 billion in annual sales by 2022, becoming the first brand in India to achieve this milestone in…