“No legal route against government ban,” says TikTok

Short video platform TikTok said, "There is no plan to take legal route against the government ban, but instead will work with the government authorities and get suggestions and directives with regards to data protection and security." In an interview with News18, TikTok spokesperson said, "There have been some reports about TikTok is considering to take legal route against the government ban." "We would clear

Defense tech startup Big Bang Boom Solutions seals $1 mn through Mumbai Angels

Chennai based defense tech startup Big Bang Boom Solutions (BBBS) has raised $1 million through Mumbai Angels Network in their overall $1.5 million in Series A round funding. Founded in 2018 by Praveen Dwarkanath and Dr. Shivaraman Ramaswamy, Big Bang Boom Solutions (BBBS) is a new-age defense tech startup that has developed integrated intellectual properties for defense. The startup has managed to win two

Kia Motor records 7,275 in June sale

Automobile company Kia Motors India said, "The company has sold 7,275 units in June." "The company has sold 7,114 units of Seltos and 161 units of Carnival in June compared to 1,661 units sold in May," Kia said. Speaking on the progress, Kookhyun Shim, Managing Director and CEO of Kia Motors India said, "While the pandemic refuses to subside, the country is somehow trying to sustain and prepare itself to live

Axis Bank to suspend UK subsidiary

Leading private sector bank, Axis Bank on Thursday announced its plan to shut down its UK subsidiary. In a filing with the exchange, the bank said, "Axis Bank has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position." "The bank has been reviewing its international strategy, and as part of this has adopted a clear objective to focus on the Indian

Tata Power Board approves to raise Rs 2,600 crore from its promoters

Leaders in Power Utility company, Tata Power on Thursday said, "Its board has approved a proposal to raise Rs 2,600 crore through issuance of preference shares to its promoters." In a regulatory filing, the company said, "The board o directors of the company approved the issuance of equity shares through a preferential issue to the promoter, Tata Sons, for Rs 53 per equity share for an aggregate sum of Rs 2,600

Coronavirus: Health Minister Rajesh Tope: “No community spread in Maharashtra”

The Maharashtra Health Minister Rajesh Tope on Thursday said, "I think there is no community spread of coronavirus in the state." Speaking on the COVID-19 update, Minister Tope said, "The state government has been able to trace almost every COVID-19 patient and his or her source of infection. Hence, in my opinion, there is no community spread in the state." "The data shows that most of the COVID-19 positive

Ex-Indigo president Aditya Ghosh joins FabIndia board

Fabindia has announced the appointment of the former president of IndiGo Aditya Ghosh as a member of its board of directors." In a statement issued, Fabindia said, "The company believes that the post-COVID period will bring about traditional changes in consumer behavior and brands with purpose, sustainability initiatives, and earth-friendly commerce will become increasingly important." "As we evolve towards a

Coronavirus: “Situation in Delhi is not ‘TERRIBLE’ as predicted,” says CM Arvind Kejriwal

Delhi CM Arvind Kejriwal on Wednesday said, "The coronavirus situation in Delhi has been brought under control." Addressing the press via live conference, CM Kejriwal said, "The situation is not 'terrible' as predicted a month ago." "Earlier, it was predicted that by the end of 30 June, there will be 60,000 COVID-19 active cases, but at present, the number of active cases is around 26,000," Kejriwal said.

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