HDFC Bank has announced a tie-up with Paytm to start selling co-branded credit cards. The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants. Paytm has a reach of over 330 million consumers and 21 million merchants.
Clubhouse has announced its first cohort of six creators from India that will be part of its accelerator programme 'Creator First'. Through this programme, Clubhouse will help these creators with production and creative development, help them promote their show, and provide financial support either through a monthly stipend or matching creators with brands.
As per sources, Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down and encouraged them to start looking for new opportunities. She is expecting the government to eventually take control of Didi and appoint new management.
Razorpay said it has received funding from Salesforce Ventures. The company was valued at over $3 billion in its last round of funding. It expects that the investment will strengthen its presence in the business banking space. The company also believes that Salesforce Ventures has the insight and expertise to advise Razorpay on the next stage of its growth journey.
Zydus Healthcare Ltd, a wholly-owned subsidiary of Cadilla Healthcare Ltd has come into an agreement with Integrace Pvt Ltd to sell two brands - Mifegest and Cytolog. The said transaction is expected to be completed within 30 days from the date of execution of agreement, subject to customary approvals.
Amid inflationary pressure on inputs, shortage of components and a threat of a third wave of the pandemic, the consumer durable industry is expecting double-digit growth in the festive season sales this year. Festive season usually contributes 30% of annual sales for the companies.
Welspun said that it is looking to invest around Rs 800 crore on capacity expansion of its home textiles and flooring businesses over the next two years. It would invest Rs 656.5 crore on its home textiles business expansion during FY'22-23. The board has approved plans to augment towel manufacturing capacity to 1,02,000 MTPA from the existing 85,400 MTPA.
MD said that the company proposes to commission 5,000 electric vehicle charging stations in the next three years and has partnered with various companies for this purpose. Over the past few months, HPCL has tied up with three entities; Convergence Energy Services Ltd (CESL), Tata Power, and Magenta EV Systems; for setting up charging infrastructure at its retail outlets.
Hero MotoCorp is working to launch a Harley-Davidson model with retro styling. The alliance between Hero and Harley-Davidson came into existence last year. Earlier this year, Hero MotoCorp initiated the booking process for 13 Harley-Davidson models, which are priced between Rs 10 lakh and Rs 35 lakh.
Jindal Steel and Power has won the Kasia mine in the Keonjhar district of Odisha at a 118% premium to the sale value of the ore. The site has a total mining area of about 194 hectares. As per executive vice president, the mine has huge strategic importance for JSPL.
Lenskart said that they are planning to invest upto $2 million in eye technology startups over the next couple of years through Lenskart Vision Fund. The company would be looking to invest in startups that are creating better eyewear for sports, phones, colourblind people or more. The company will also offer its mentorship to these companies to grow.
NODWIN Gaming, an esports company and an independent subsidiary of Nazara Technologies Limited has acquired the gaming and adjacent IP (intellectual property) business of OML Entertainment, a media and entertainment company. Nazara Technologies owns IPs including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, NODWIN and Sportskeeda in esports and Esports media etc.
Flipkart said that it has partnered with SME lending platform Davinta to offer a ‘Buy Now Pay Later’ (BNPL) credit facility to its retailers. It also said, “Partnering with Davinta will give members on our platform access to credit with a single click. The experience for the retailers is seamless and completely digital because both our organizations take a technology-first approach.”
The CEO said, sales of the Ola electric scooters, S1 and S1 Pro, have crossed ₹1,100 crore in two days. The sales of Ola S1 and S1 Pro crossed ₹600 crore on the first day. While the purchase window is now closed, reservations remain open on olaelectric.com and the purchase window will reopen on November 1, 2021.
Okaya Group's EV arm has launched a new electric scooter Freedum with a price starting at Rs 69,900. The company already sells two electric scooters, the AvionIQ series and ClassIQ series. The Freedum will be launched in four variants, comprising low-speed and high-speed trims with a maximum range of around 250 km per charge.