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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]
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10-Jun-19 With unsold inventory and production cuts reflecting an automotive market slowdown, the Indian auto industry is upset with government's ambitious targets for bringing in electric mobility in the two- and three-wheeler segments. [imae: iStock]
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02-Jun-19 With incipient regulatory changes in China on Indian drug imports, Dr Reddy's has identified about 70 products to be launched in a few years and is also planning to build a new plant very close to its existing one. [image: The Economic Times]
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15-May-19 Indian online grocery delivery start-up Grofers has secured USD200 mn from investors led by SoftBank’s Vision Fund, in the USD100 bn investment vehicle’s latest bet on India's technology sector. Grofers claims to have achieved annual revenue of USD400 mn. [image: Reuters / Issei Kato / File Photo]
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14-May-19 Mahindra Logistics is scouting for acquisitions in Southeast Asia to strengthen its freight forwarding business. "This segment is just 5% of our total business," CEO Pirojshaw Sarkari said. The company aims to double its freight forwarding business.
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