Photo: Twitter
LIC Sales 2% STake In TIL LTD, Shareholding At 10.199%
Life Insurance Corporation of India sold 2% stake in TIL LTD bringing down its shareholding from 10.199 per cent to 8.076 per cent. The company sold the stakes in TIL for investment purposes. Now, the holding decreased from 10.199 per cent to 8.076 per cent from December 31, 2021 to March 13, 2023 at an average cost of Rs 157.48.
Tags: LIC, Shares, INDIAN MARKET, Company, business
Courtesy: The Free Press Journal
Photo: Practo
Idea Clinics To Expand Across Twenty Cities By 2025
Idea Clinics, a national organisation which provides health services, is planning to expand across twenty cities with as many as fifty clinics by the year 2025. The organisation offers super specialist care in diabetes, endocrinology and adiposity. Idea Clinics is reportedly addressing diabetes and other non-communicable diseases. Dr Shyam Sunder Kalavalapalli, the founder of Idea Clinics, suggests that healthcare has been transitioning in… read-more
Tags: business, Healthcare, Company, Organisation, facilities
Courtesy: ANI/PNN
Photo: The Economic Times
Satya Easwaran Appointed As Wipro India Head
Satya Easwaran, who has served as a top executive in the professional services network, KPMG, has been appointed as the new Wipro India Head. In his new role, he would be responsible for strengthening the company's business in the country. Anis Chenchah, a member of the Wipro executive board, noted that Easwaran's global experience and his track record would be helpful in strengthening the company's image as a reliable partner.
Tags: Wipro, executives, Company, Director, India
Courtesy: Press Trust Of India
Photo: The CEO Magazine
2 Friends Buy Island, Calls It Their Own Country
Gareth Johnson and Marshall Mayer, co-founders of Let's Buy An Island indeed bought an island together. The project began in 2018 when they launched crowd-funding campaign to raise 250,000 pounds through investors. By December 2019 the duo had made enough to buy off Coffee Caye by 1.2 acres of land in Belize. They stated anyone can buy a piece of land for only USD 3250 dollars i.e. Rs 2,48,330.
Tags: Caribbean Island, co-founder, private island, Company, bought
Courtesy: INDY 100
Photo: Tech Story
CRED Avenue Raises USD 137 Million Investment
CRED's marketplace value goes high with USD 137 million. Led by a New York-based venture and a private equity firm Insight partners with their own value of USD 1.3 million. More to join the round were new investors B Capital Group and Dragonbeer with the existing ones present Sequoia Capital, TVS Capital and Lightrock. CREDAvenue recently acquired Spocto, a digital firm.
Tags: CRED, Avenue Supermarts, Company, investors, retail investors
Courtesy: Mint
Photo: Exchange4Media
CRED Generates Rs 95 Crores Revenue, Loss Widens To 523 Cr For FY21
CRED, a credit card and money lending platform losses were increased up to 45% with a year-on-year Rs 524 crores by the end of March 2021. Earlier, the company raised almost USD 450 million in 2021. However, the revenue took a leap from Rs 18.16 crores in FY20, to Rs 95.53 crores in FY21 with a low base effect. Kunal Shah, the founder of CRED started in the year 2018.
Tags: CRED, Credit Card, revenue, Company, Kunal Shah
Courtesy: Money Control
Photo: Rolling Stone
Former Model Files Suit Against Zeltiq; Says, It Left Her 'Deformed & Unemployed'
Former Supermodel Linda Evangelista has filed a lawsuit against Zeltiq claiming that the "CoolSculpting" technique left her deformed and unemployed for years and is now seeking $50 million as compensation. Linda's Lawyers revealed that Zeitiq's fat-reducing procedure had the opposite reaction and never warned Linda about its side effects. She said, "she is unrecognizable by her fans and media."
Tags: model, surgery, Compensation, Company, Linda Evangelista
Courtesy: Khaleej Times
Photo: Yandex
Russia's 'Yandex' Corporation To Buy Out Uber Shares Worth $1 Billion
Russian-Dutch domiciled multinational corporation 'Yandex' will reportedly buy out the shares of American Technology company "Uber" for nearly $1 billion. The deal was announced on August 31 after which it enabled 'Yandex' to gain full control over companies like Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and Yandex Self-Driving group. "Since we started our partnership with Uber in 2018... the entire Yandex ecosystem,” said Tigran… read-more
Tags: Uber, Shares, buy, Company
Courtesy: CNBC
Photo: Forbes
BTS's Agency Is Now Merged With Those Of Justin Bieber, Taylor Swift, Ariana Grande
Entertainment agency HYBE (formerly Big Hit Entertainment) which manages BTS, merges with Scooter Braun's Ithaca Holdings. This will lead to K-Pop artists of HYBE like BTS (Big Hit Music), Gfriend (Source Music), Seventeen and NU'EST (Pledis Entertainment), Enhypen (BELIFT Lab) and Zico (KOZ Entertainment) to come under one umbrella organisation with artists of Ithaca Holdings. Notable artists under Ithaca Holdings include Justin Bieber,… read-more
Tags: BTS, Justin Bieber, Company, Merger
Courtesy: Koreaboo
Photo: The Guardian
Snapchat Sees 150% Growth In Userbase; Crosses 60 Mn Mark In India
Photo messaging app Snapchat has reached another milestone by crossing the 60 million user mark in India. Notably, the app witnessed tremendous growth of 150% in its daily active users. Having over 265 million global users, the company also claimed of generating 5 billion snaps daily in the December 2020 quarter. Crediting the augmented reality behind revolutionary growth, officials claim to bring themed-lenses along with exclusive games,… read-more
Tags: Snapchat, Company, picture, Snap, Augmented Reality
Courtesy: Live Mint
