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Fri, Jun 22 2018. 08 17 PM IST
The latest funding, led by Naspers and Yuri Milner’s DST Global, values Swiggy at roughly $1.3 billion, surpassing rival Zomato’s $1.1 billion valuation. Swiggy, founded in August 2014, is one of the fastest entrants into the unicorn club. Swiggy plans to use the funds to ramp up its supply-chain network and expand to new markets. Swiggy operates in 15 cities and claims to have more than 35,000 restaurant partners on its platform. It has a delivery fleet of over 40,000.
Thu, Jun 21 2018. 02 27 PM IST
The new offer of $38 a share of 21st Century Fox, which would be split 50-50 in cash and stock, is $10 higher than Disney’s first bid in December 2017. The Disney-Comcast contest will determine who controls much of Rupert Murdoch’s empire, including Fox’s movie and TV studios, television networks such as FX, and multichannel providers like Star India and Sky Plc. The new offer gives Fox shareholders the option to take their payment in the form of cash or stock, up to a 50-50 level. The previous agreement was an all-stock deal, and Comcast’s cash offer was seen as a significant enticement.
Wed, Jun 20 2018. 03 01 PM IST
China is seeing a boom in people seeking fertility treatment following the end of its decades-long one child policy, turning the country into one of the world’s biggest markets for solutions like IVF. But domestic restrictions on egg donation and surrogacy are sending many to overseas clinics in places like Thailand and Cambodia.
Wed, Jun 20 2018. 02 58 PM IST
Transformation Agenda 2020 conference on India’s changing urban landscape was held in Mumbai on 8 June, organised jointly by Mint and Danfoss. Nitin Gadkari, minister of road transport and highways spoke at the event. The theme ‘India’s changing urban landscape’ will dive deep into the opportunities.
Wed, Jun 20 2018. 02 54 PM IST
World Cup Russia 2018: United States, Mexico and Canada to host the 2026 World Cup. While only 1% of American sports fans older than 55 named soccer as their favourite sport, that number jumps to 11% in the 18-34 age group, tying basketball and comfortably ahead of baseball (6%). The increases in participation and popularity are mirrored by the steady growth of football on US television networks. The English Premier League has broadcast live games on the main NBC network for several years, while the Bundesliga, La Liga, Ligue 1 and the Champions League are also readily available on various cable networks.
Wed, Jun 20 2018. 02 51 PM IST
Environmental changes such as increasing ambient temperature, ozone concentrations and decreasing water availability would decrease yields of leafy vegetables and legume, says a study. Previous research has shown a reduction in yield of staple crops such as rice and wheat because of changes in temperature, rainfall, but impacts on vegetables was largely unknown, the study says. The study included 174 research papers, reporting 1,540 experiments conducted in 40 countries, mainly in southern Europe, North America and South Asia during 1975 to 2016
Wed, Jun 20 2018. 02 45 PM IST
The film that stars Anil Kapoor, Bobby Deol and Jacqueline Fernandez, besides Khan, is expected to release in 4,000-5,000 screens. Apart from BlackBerry and Paytm as brand partners, producers Khan and Tips Films have gone all out with promotions, including appearances on reality shows, and an aggressive digital marketing campaign. Trade experts expect the domestic lifetime business of ‘Race 3’ to inch close to ₹275-300 crore, which pegs Salman Khan’s share at ₹150 crore. The Remo D’Souza-directed film made at a budget of ₹100-110 crore, has sold its satellite TV and digital media rights for ₹130 crore to Star India and Amazon Prime Video, respectively, according to film trade experts.
Wed, Jun 20 2018. 02 42 PM IST
Telugu biographical drama ‘Mahanati’ recently touched the $2.5 million mark in the US box office. The Keerthy Suresh-starrer joins a long list of Telugu films currently storming the most important overseas market for Indian cinema, historically dominated by Bollywood. Earlier in the year, both Mahesh Babu’s political thriller Bharat Ane Nenu and Ram Charan-starrer Rangasthalam managed more than $3 million in India. Much higher than recent Bollywood superhits that hovered around the $1 million mark.
Tue, Jun 12 2018. 04 27 PM IST
Panasonic India registered revenues of ₹10,200 crore in financial year 2018, up from ₹9,600 crore a year-ago. Panasonic India plans to evolve from selling consumer appliances such as a televisions or refrigerators to providing complete solutions for a house or community, said Manish Sharma, president and CEO, Panasonic India and South Asia. This includes security and surveillance systems. In Japan, the company is also known to build houses and provide everything that a household requires, from living spaces to kitchen solutions.
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