The Cost of Tokyo Olympic Postponement

March 24th, 2020 The postpone of Tokyo Olympic over the coronavirus pandemic is likely to pile on the pain for Japan’s economy,

IMF Warns Coronavirus Recession Could Be Worse Than 2009

March 23rd, 2020 IMF MD in a statement said the world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009.

Saudi Oil Group Aramco Sponsors Formula One

March 11th, 2020 Saudi oil giant Aramco said it has signed on as a global sponsor of Formula One racing.

Coronavirus wipes USD 50 billion From global Exports in February

March 5th, 2020 UN economists announced a likely USD 50 billion drop in worldwide manufacturing exports in February

Comviva Sells Stake in TerraPay to Prime Ventures, Partech Partners and IFC

March 3rd, 2020 Comviva has sold its shares in fintech company TerraPay to a consortium of Prime Ventures, Partech Partners and IFC.

Mastercard CEO Ajay Banga Steps Down, Served Company for 10 years

February 26th, 2020 Online payment giant Mastercard CEO Ajay Banga Steps Down after working for 10 years.

Blume Ventures Raises $102 mn in final close of Fund III

February 19th, 2020 Venture capital firm Blume Ventures announced the final close of Blume Ventures Fund III at USD 102 million.

eBay Completes Sale of StubHub

February 14th, 2020 An eCommerce platform eBay completes the sale of StubHub to viagogo for $4.05 billion in cash.

CarDekho to offer ESOP scheme worth $3.5 mn

February 11th, 2020 Automobile portal CarDekho will offer an ESOP cash-out scheme worth USD 3.5 million to about 100 of its current and former employees.

Google Cloud and Youtube Revenue Jumps, Alphabet Shares Slump 4 Percent

February 4th, 2020 Alphabet and Google chief executive Sundar Pichai said YouTube as a revenue star at the company.

Rahul Bajaj Step down, Become Non-Executive Chairman of Bajaj Auto

January 30th, 2020 Chairman Rahul Bajaj will step down from executive role to become a non-executive director.