Tag: brand marketing

FM Nirmal Sitharaman, RBI deputy governor and top officials to meet fintech heads

This meeting is in the wake of RBI’s regulatory action against Paytm’s banking arm Paytm Payments Bank. On the government’s agenda, fintech and innovation in fintech stand as the topmost priority. This is followed by digital payments being a mainstay of its social sector programmes, stated a media report.

The meeting, which is scheduled for February 26, is to reassure the fintech industry that the sector would be a priority for the government.

Byju’s downsizes office space in Bengaluru; vacates 400,000 sq ft property

The edtech is dealing with the twin crises of a cash crunch and some of its investors seeking to oust the leadership to reconstitute the board. (Image source: Moneycontrol)(Image source: Moneycontrol)(Image source: Moneycontrol)

Byju’s was paying a rental of about Rs 4 crore per month for the office space and had signed the rental agreement about 3.5 years ago with the Prestige Group.

How did Indian Express Group’s Viveck Goenka come to own Saddam Hussein’s car?

Viveck Goenka has also established one of India’s best classic cars restoration workshops. His collection also has vintage Land Rovers and Rolls Royce. It includes a Range Rover bought from the Delhi State Trading Company, his first ever car from the British marque. At the Cartier Concours 2019, Viveck and Zita Goenka’s 1951 Standard-Vanguard Phase 1 won the Mark Shand Adventurer Trophy, which honours the memory of the late British travel writer and conservationist known for his love for elephants and his backing for the Indian concours.

Find out how Viveck Goenka acquired the car once owned by Iraq’s Saddam Hussein.

India aims to attract key component players from China, South Korea, Taiwan and US

In a letter to the ministry on February 6, Xiaomi said that the Indian government needs to work on "confidence-building" measures to encourage component suppliers to set up operations locally. (Image source: Moneycontrol)

The government’s goal is to bring a substantial portion of components for mobile handsets to India with the help of the new PLI scheme, which will likely have an outlay of around Rs 20,000 crore

Meta doubles down on WhatsApp Business in India

While conversational and generative AI has made a massive movement as an emerging technology, its integration into a platform as widely adopted as WhatsApp could be a pivotal moment for its mainstream adoption. With billions of users already familiar and comfortable with WhatsApp's messaging interface, the barrier to entry for using conversational AI could be significantly lowered. (Representative Image: Dima Solomin via Unsplash)

Around 60 percent of Meta’s users interact with businesses on the messaging app every week.

Mitsubishi to enter Indian automobile car sales market

TVS, which handles Honda cars dealerships in the country, its focus will be how to increase Mitsubishi’s network across India. (Image source: Unsplash)

Mitsubishi, which acquired a 32 percent stake, as per a media report, the company’s investment in India is expected to be between $ 33 million to $ 66 million.

Japan’s Kirin Holdings to purchase additional stake in B9 Beverages, maker of Bira

Over the last 15 months, Kirin Holdings and Japan’s MUFG Bank separately invested $80 million in B9 Beverages. In December 2023, it was reported that B9 Beverages was in talks with investors to raise Rs 400 crore in fresh funding from existing investors as well as new ones, stated a media report. (Image source: Unsplash)

The transaction, which was made through the purchase of fresh shares, will boost the group’s holding in B9 Beverages.