Vistas Media Acquisition Company (VMAC), co-founded by Singapore-based NRI, media entrepreneurs Abhayanand Singh and Saurabh Gupta, commenced trading of an initial public offering (IPO) of USD 100 million on the Nasdaq Stock Market.
Tag: Business
DBS reports 26% lower net profit for 2020H1, as general allowances of SGD 1.26 billion conservatively set aside
DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.
Expect to see growth in UK-India trade post coronavirus crisis: UKIBC CEO
India is an attractive proposition for United Kingdom businesses looking for alternatives to China, in view of the prevailing sentiments globally, the UK-India Business Council (UKIBC) has said.
India’s smartphone market, the second-largest in the world, gets mobile app innovations boost
India recently surpassed the United States to become the second-largest smartphone market in the world, trailing only China. In fact, there are more smartphone users in India than the total population of the US.
FICCI calls for foreign air travel, opening of tourism sector in Unlock 3.0
The Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested the Indian government allow international flight services with adherence to all safety precautions and reopen tourist destinations, multiplexes and cinemas and metro rail services, and in its Unlock 3.0 roadmap.
Relationship with India is only getting stronger, says US Secretary of State
United States Secretary of State Mike Pompeo reiterated the Trump Administration’s message to ally with India, stating that New Delhi is an important partner and a key pillar of President Donald Trump’s foreign policy.
‘Ola Corporate’ services to kick off in UK, Australia and New Zealand
Bengaluru-based ride-hailing company Ola announced it has rolled out its new enterprise offering ‘Ola Corporate’ services to Australia, New Zealand, and the United Kingdom.
Google announces USD 4.5 bn investment in Reliance Jio
In the first investment from the Google For India Digitisation Fund announced earlier this week, Google announced a multi-billion dollar investment for a 7.73% stake in India’s Reliance Jio Platforms.
Google’s Sundar Pichai announces USD 10 bn investment in India’s digital economy sector
Google and Alphabet’s Indian-origin CEO Sundar Pichai at the company’s sixth edition of Google for India event announced a ‘Google for India Digitisation Fund’.
UK government to probe reports of slave labour in clothing factory with Indian workers
The United Kingdom’s National Crime Agency has been tasked with investigating a clothing factory named Jaswal Fashions based in Leicester after an undercover reporter alleged the workers, many of them from India, were facing sweatshop-like conditions and below minimum wage payments.
