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'If I had Rs 100, I would invest in…': Zerodha's Nikhil Kamath reveals his investment preference

Nikhil Kamath in an exclusive interview shared his thoughts on “funding winter” and his plans to scale up his wealth management venture ....

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Swiggy's food delivery GMV jumps by 40% in 2022: Prosus

The Netherlands-based investment also noted that its share in the foodtech giant grew 118 per cent to reach $150 mn. ....

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Zoom cuts annual revenue forecast on slow online business; shares down 5%

Zoom chief financial officer Kelly Steckelberg said during a post-earnings call that the company's online business would decline nearly 8% during the year. ....

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ByteDance walks away from TikTok deal with Oracle after Donald Trump's White House exit

February 15, 2021
Donald Trump had threatened to ban the widely popular video-sharing app.
Reuters
TikTok’s Chinese owner ByteDance shelved a deal to sell the video-sharing app’s US operations to a group led by Oracle following Donald Trump’s exit from the White House, according to a source who has been briefed on the situation.
“The deal was mainly designed to entertain demands from the Trump administration,” said the source, who declined to be named. “But Trump is gone, and the raison d’être of the deal is gone with him.”
The source added that Larry Ellison, one of Oracle’s founders, was a Trump supporter and ByteDance believed this would have been a valuable relationship if the former president had won re-election, but the social media giant lost interest after Biden won the election. ....

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ByteDance will not sell TikTok India to Glance

ByteDance will not sell TikTok India to Glance
Just like the U.S., the Indian government has been clamping down on Chinese companies citing national security. As of now, hundreds of Chinese apps can not be used in India and the country is banning more. Due to this trouble, some of these companies are forced to consider selling their Indian business to local competitors. Over the past few days, there have been reports that ByteDance will sell TikTok‘s Indian business to a local competitor, Glance.
For ByteDance, it has since said that it will not comment on non-official reports. Now, the latest report out of China claims that TikTok is not selling its business in India. TikTok India still belongs to ByteDance and the company is not selling, the report claims ....

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