Mohit Burman Dabur Chairman, Byju's Case Lost, SoftBank Invest Indian Startups, Adani News, Uber

Mohit Burman Dabur Chairman, Byju's Case Lost, SoftBank Invest Indian Startups, Adani News, Uber

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Mohit Burman Dabur Chairman
The billionaire Burman family has no plans to change the existing Religare Enterprises (REL) board after the family office acquires a majority stake in the financial services company, Dabur India Chairman Mohit Burman said in a video call on Thursday.

Byju's Case Lost
Lenders to Byju's, once one of India's hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education technology provider, a Delaware judge concluded.

Soft Bank Invest Indian Startups
SoftBank's Vision Fund has hiked the valuation of several companies in its portfolio, including Swiggy, FirstCry and Ola Electric, its Chief Financial Officer Navneet Govil said, as reported by Moneycontrol. The move could be an early sign for tech companies to bounce back on their valuations.

Adani Invest in Data Centers
Adani Enterprises Ltd. will invest over Rs 13,000 crore in the next three years in its data centre business. The company expects to invest approximately $0.5 billion, or about Rs 4,390 crore, Group Chief Financial Officer Jugeshinder Singh said in the earnings call on Nov. 8.

ICICI Bank Gets RBI Nod
ICICI Bank Ltd. has received approval from the Reserve Bank of India for making brokerage firm ICICI Securities Ltd. a wholly owned subsidiary. The central bank's nod is subject to certain conditions, while it awaits other required statutory and regulatory approvals, the company said in an exchange filing on Thursday.

Uber on Delhi Ban
All 70,000 cars on Uber's platform run on either CNG or electric, and are therefore less polluting than private vehicles in the Delhi-NCR region, the cab aggregator platform wrote in a letter to the Delhi government urging it to reconsider the ban imposed on app-based taxi services.

Ex-Microsoft HR VP Supports Remote Workers
In a "clear message to employers", Chris Williams, the former vice-president of HR (Human resources) at Microsoft, supported the idea of employees working multiple jobs. "You don't own your employee's lives.

Zeta India Turns Profitable
Better World Technology Pvt Ltd, the Indian entity of fintech SaaS unicorn Zeta, turned profitable in the financial year ended March 31, 2023. It reported a profit after tax (PAT) of INR 21.94 Cr in the financial year 2022-23 (FY23) as against a loss of INR 20.7 Cr in FY22.

Madras High Court Overturns Tamil Nadu Ban
The Madras High Court nullified the ban imposed by the Tamil Nadu government on online rummy and poker. The decision, rendered on Thursday, received widespread approval from experts and online gaming associations.

Amazon 2023 Huge Success
Amazon's Great Indian Festival 2023 has marked a historic success, with the e-commerce giant revealing unprecedented numbers in customer engagement and sales. Running from October 8, the month-long event attracted customers from 99.7% of India's pin codes.

Vedanta Talks Taiwan's Innolux
The Vedanta Group is currently engaged in discussions with Innolux Corporation, a TFT LCD manufacturer based in Taiwan, regarding the establishment of a display fabrication plant in India. Executives from both companies recently met with Rajeev Chandrasekhar, the Minister of State for Electronics and IT.

Chinese Company Tax Invasion
The Ministry of Corporate Affairs (MCA) is expected to recommend an investigation into the financial records of Chinese car maker MG Motor India and Beijing-based smartphone maker Vivo, according to a report by CNBC TV18. This action further intensifies the scrutiny of Chinese companies operating in the country.

Exports Rise in India last 8 Months
After a gap of eight months, India's goods exports rose for the first time in October, driven by pharma and engineering exports. While official numbers are due to be released on November 15, preliminary data accessed by TOI estimated that exports went up by around 3% over last year's level of $31.6 billion.

Topics Covered:
Mohit Burman Dabur Chairman CEO
Byju's case lost details
Soft Bank invests in Indian startups list
Adani invests in data centers in India
ICICI Bank gets RBI nod for new CEO
Uber asks Delhi to reconsider ban on surge
Zeta India turns profitable after 7 years
Amazon Great Indian Festival 2023 sales figures
Chinese company tax invasion in India case
Exports rise in India last 8 months consecutively

0:00 Intro
0:04 Dabur Chairman
0:38 Byju's Case Lost
1:15 Soft Bank Invest Indian Startups
1:52 Adabi Invest in Data Centers
2:19 ICICI Bank News
3:06 Uber On Delhi Ban
3:53 Ex-Microsoft HR VP Supports Remote Workers
4:54 Zeta India Turns Profitable
5:30 High Court Overturns Tamil Nadu Ban
6:20 Amazon Huge Success
7:08 Vedanta Talks Taiwan's Innolux
7:50 Chinese Company Tax Invasion
8:48 Exports Rise in India Last 8 Months
9:33 Climate Action Costs Developing Nations
10:18 HSBC to Build Large Personal Banking