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New Delhi [India], March 31 (ANI): Bharti Airtel announced a USD 1 billion investment in its data centre subsidiary Nxtra Data Limited, with participation from global investors including Alpha Wave Global, Carlyle and Anchorage Capital. According to Bharti Airtel's press release, the investment round will see Alpha Wave Global infuse USD 435 million, Carlyle USD 240 million and Anchorage Capital USD 35 million, while Airtel will contribute the remaining amount. Airtel will continue to retain a ...Read More >
Hike, once one of India's most valuable startups with unicorn status, has become the latest casualty of New Delhi's recent real-money gaming ban, with the company -- led by Kavin Bharti Mittal, son of Airtel founder Sunil Bharti Mittal -- now shutting down. On Saturday, Hike founder Mittal (pictured above) said that the startup's U.S. business, which launched nine months ago, was "off to a strong start." But he said scaling it globally would require "a full recap, a reset that is not the best u ...Read More >
New Delhi, Sep 13 (PTI) Hike founder Kavin Mittal has announced the complete winding down of 13-year old startup, saying while its US business was off to a strong start, scaling globally after India ban on real money gaming would require a "reset that is not the best use of capital or time". In a post on LinkedIn, the entrepreneur and Bharti Group scion questioned if raising more capital for a pivot by Hike was worth it, and concluded it was not. Neither for himself, his team, nor investors. " ...Read More >
New Delhi, Jul 13 (PTI) Billionaire Anil Agarwal's mining conglomerate Vedanta Ltd nearly quadrupled its donations to the ruling Bharatiya Janata Party (BJP), contributing Rs 97 crore in the fiscal year ending March 2025, according to its latest annual report. Under "Miscellaneous Expenses', Vedanta detailed the political donations as well as the management and brand fee expenses it paid to its parent, London-listed Vedanta Resources Plc. Also Read | Kota Srinivasa Rao Dies at 83: Andhra Prade ...Read More >
New Delhi, Jul 13 (PTI) Billionaire Anil Agarwal's mining conglomerate Vedanta Ltd nearly quadrupled its donations to the ruling Bharatiya Janata Party (BJP), contributing Rs 97 crore in the fiscal year ending March 2025, according to its latest annual report. Under "Miscellaneous Expenses', Vedanta detailed the political donations as well as the management and brand fee expenses it paid to its parent, London-listed Vedanta Resources Plc. Political donations totalled Rs 157 crore in 2024-25, u ...Read More >
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