Xiaomi to double Mi Stores in India in next two years; Khatabook acquires Biz Analyst

Reliance Jio partners with Discovery+, and more...

Mar 26, 2021

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Here goes the important pieces for today!

#DoNotMiss

Bhavin Turakhia on running multiple companies with completely different business models [Listen]

At the age of 21, Nitish lost 3 crores: "The most expensive MBA", as he calls it. His startup, Nazara just went public.😎 Listen to this wonderful conversation with Ashish: anchor.fm/sinha

#IndiaTech

Xiaomi vows Rs 100 crore for retailers to double Mi Stores in India in the next two years; Xiaomi also initiates Mi Commerce, an omnichannel to let you browse and buy products with home delivery. (HT)

Reliance Jio to sell 19.1% stake from its promoted entities Hathway Cable, Datacom with a floor price of ₹25.25 totalling ₹853.45 crores; The shares would be sold through a separate, designated window of the BSE and the NSE. (HT)

Reliance Jio partners with Discovery+, JioFiber users to get access to Discovery Network’s premium shows; This is applicable for all new and existing JioFiber users on ₹999 and above plans. (HT)

Khatabook acquires Biz Analyst, a SaaS firm, for $10 million by letting the firm continue with independent operations; Khatabook’s move would help MSME customers work by leveraging tools such as business analytics, sales force automation and digital invoicing. (HT)

#GlobalTech

WhatsApp is working on 'Chat Threads', available for specific beta testers on Android for now; This will appear in the main menu alongside your other chats with a dialogue box to type in your issue, It will close once your query has been resolved. (HT)
Oracle ties with Red Bull Racing Honda to focus on Data analytics regarding car performance, machine learning; Oracle would work with the four-time F1 champions as its official cloud infrastructure partner. (HT)
Snapchat is working on a TikTok-inspired ‘Duets’ feature letting users remix; It also lets users reply to stories with their Remix that plays alongside the original. (HT)

#BusinessNews

Second phase of IPRS is likely to be initiated by the Centre in April; IPRS 2.0 aims to enable informed decision making for various stakeholders like investors and promote ease of doing business. (MC)

Amazon urges the Indian government to not modify e-commerce foreign investment rules until the probe; Based on the Reuters report on Amazon, claiming the company gives 'preferential treatment to a small group of sellers', CCI is probing into this case and also stated that the evidence corroborated against Amazon. (MC)

Single-window clearance for investors is set to launch by the Centre by April 15: DPIIT Secretary Guruprasad Mohapatra; This move may reduce the compliance burden and make it more attractive for foreign investors. (MC)
IMF says India's economy is on the path of gradual recovery; The International Monetary Fund comments before its schedule to release its World Economic Outlook on April 6. (MC)

SEBI brings modification in rules for delisting, reporting sustainability issues to encourage startups to enter IPO; As one of the modifications, The regulator has made special provision for delisting in the IGP framework. (MC)

#COVID19

As Covid-19 cases spike, Gujarat, Karnataka, Rajasthan amend bans and restrictions on festivals; Instead, they plan to focus on testing & vaccination drives. (IE)
Gurgaon private schools jump back to online-learning mode amid a surge in Covid-19 cases; Gurgaon had recorded almost 50 new cases every day for several weeks from the end of February. (IE)

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