Finlight

2021-02-20 11:05:39 Ingka centres, which ownes most of IKEA stores said that it is up its first shopping centre in India for an investment of Rs 5,500 crore.

This will be launched in Noida, Uttar Pradesh. The company already has 45 shopping centres in Europe, Russia and China.

“We are happy to announce the first Ikea store in Noida together with Ingka Centres. The Delhi-NCR region is one of our most important markets in India. This is in line with Ikea’s ambition to meet 100 million people in India in the coming years,” said Peter Betzel, CEO and CSO, Ikea India. Open / Comment

2021-02-19 06:42:49 24 Trillion surge in global debt due to cornavirus pandemic, according to Institute of international finance.

Due to surge, global debt is at record of $281 trillion and the worldwide debt-to-GDP ratio at over 355%.

India recorded the largest increases in its history in the terms of government debt ratios. This was due to increase in government expenditure to stabilize the shaken economy. Open / Comment

2021-02-17 04:45:30 Jeff Bezos reclaimed his spot as World richest person.

Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. 

Elon surpassed Bezos in January to become the richest person in world. Open / Comment

2021-02-16 10:38:00 Navin Gurnaney is set to join Reliance Brands-Food as a CEO, he announced the development Yesterday.

Navin Gurnaney will leave the Tata Starbucks on 30 April and Sushant Dash will replace Navin as CEO from May 1, 2021.

“I’m excited to report that on May 1st, I'll begin a new journey! CEO, Reliance Brands-Food, best way to describe it. Reliance is about to launch a business with a diverse portfolio of very unique concepts…" Gurnaney announced through LinkedIn post. Open / Comment

2021-02-15 09:53:26 Weeks after allegations by Maharashtra Navnirman Sena (MNS), Amazon finally added Marathi language on its app and website. Sellers will now be able to register and manage their businesses in local language.

The company said that with the addition of Marathi language, more than 85,000 of its existing sellers and lakhs of new sellers will benefit from this change.

Apart from Marathi, the services are available in Hindi, Kannada, and Tamil as well. Open / Comment

2021-02-13 12:02:36 Yesterday, Tata motors announced the new CEO and MD.

Marc Llistosella is appointed by Tata motors for the role of Chief Executive Officer and Managing Director of the firm. 

Marc Llistosella will replace current CEO of Tata Motors Guenter Butschek. He will continue as MD & CEO till 30 June 2021. Open / Comment

2021-02-12 06:12:51 Bumble co-founder joins women's billionaire list.She is also youngest female CEO to take over company public.

Bumble's IPO led Whitney Wolfe Herd to achieve this milestone. As per as prospectus she owns 21.54 million shares, equivalent to 11.6% of the company. 

Wolfe Herd founded Bumble in 2014 shortly after she sued Tinder, her previous employer, for sexual harassment. what differentiate Bumble from Tinder is only women can make the outreach first. Open / Comment

2021-02-11 09:20:29 Microsoft wants to buy Pinterest, a popular social media company.

Microsoft approached pinterest for a potential deal to acquire the $51 Billion company in recent months. The negotiations are not currently active, according to financial times.

Pinterest's market value has increased more than 600 per cent during the cornavirus pandemic and shares have risen over seven times from its pandemic-low in March last year.

Pinterest had previously signaled it wants to remain an independent company, according to Financial Times Open / Comment