Jim Lanzone, who used to be the head of dating app Tinder has been announced as the Chief Executive Officer (CEO) of Yahoo. Reportedly, this decision came days after Apollo Global Management Inc completely acquired Verizon Media for a whopping deal of $5 billion. Besides, Apollo is planning to grow its services to offer Yahoo finance & Yahoo Sports and is focusing on advertising & e-commerce platforms.
Altos Labs, working on Anti-aging therapies or reverse the aging process, claimed that Amazon founder Jeff Bezos has invested in the program, said media reports. The lab is offering a $1 million annual payment to scientists who wish to join it and reportedly Nobel laureate Shinya Yamanaka has decided to chair the scientific advisory board. However, the lab has planned to establish institutes in, California, the UK, and Japan.
Courtesy: Business Insider
According to real estate consultant Cushman & Wakefield, India has overtaken United States and has taken the second spot after manufacturing destination globally. China still remains at the number one spot and US is on third. Notably, US was on second position last year. However, the consultants stated that manufacturers have shown much interest in India as compared to other countries.
Courtesy: News On Air
After experiencing a loss of Rs 60.60 crore in 2020, media firm Network 18 Media & Investments have witnessed a 6% rise in its share on June 22. The company reported a combined profit of Rs 121.51 crore. “Growing engagement on our platforms across TV and Digital make us confident of delivering for all our stakeholders even amidst a choppy environment,” said Adil Zainulbhai, Chairman of Network18.
Courtesy: Money Control
Food delivery giant, Zomato was marked as India's first unicorn to list on the stock exchanges on July 23. On the BSE, it was listed at Rs 115, a premium of 51.32% over the issue price of Rs 76. The stock debuted on the NSE at Rs 116. Zomato also bags a position among the Top 100 listed businesses in terms of market capitalization worth Rs 1 lakh crore.
Courtesy: The Economic Times
The US has said that India "remains a challenging place" to do business. In its 2021 Investment Climate Statements report, the country's state department urged the Indian government to reduce barriers and bureaucratic hurdles for easy and attractive investment in the country. The report further mentioned the removal of constitutional status from Jammu and Kashmir and the process of the Citizenship Amendment Law.
Courtesy: The Economic Times
Megha Bafna from Pune besides working for a full-time corporate job became an entrepreneur and owns “Keep Good Shape”, a salad-making business. Bafna thought that the salad business would thrive as “junk food was easily available and good healthy salads were either expensive or not readily available.” About 30 people help to make salads for Bafna, and now she offers 27 different salads.
Courtesy: The Better India
The Centre may include the Central Bank of India and Indian Overseas Bank in the next round of privatisation, as per the government sources. Reportedly, the two banks have been suggested by the NITI Aayog, and they are being analysed by the disinvestment and financial services departments. The sources added that "the timeline [for the privatisation of state-run banks] will depend on the legislative changes required."
Courtesy: The Times of India
Indian microblogging platform 'Koo' is focusing on its expansion in Nigeria after Twitter faced a ban in the African country. “@kooindia is available in Nigeria. We’re thinking of enabling the local languages there too. What say?” company’s co-founder and CEO Aprameya Radhakrishna stated. The Nigerian government banned Twitter on June 4 after the US-based micro-blogging… read-more
Courtesy: The Indian Express
Citing government data, financial experts hinted that India is facing economic distress from April 2021, due to lockdown. Analysing the retail activity and road congestion, Indian economist Abhishek Gupta highlighted the economic slowdown till May 16. Abhishek said that the continuous economic distress will surely reflect in the GDP. Reportedly, recent data highlighted rise in input costs in business with decline in exports, imports and… read-more
Courtesy: The Print