It is not uncommon that many domestic startups, as well as many corporations, are leaning towards structuring their operations by establishing a holding company overseas, with its wholly-owned subsidiary company incorporated in India. This is known as reverse flipping. The rationale for extending an arm outside the country’s borders by the Indian founders is undertaken for a host of reasons, which mostly include corporate and tax concessions that are offered by the host country.
With a fortune largely tied to his 79 million Amazon shares, the net worth of Jeff Bezos has continued to rise.
After the Ambani family said that they were at continued risk of being targeted to financially destabilize the country and that such risks exist not only throughout India but also when they travel abroad, the Supreme Court ordered the family to be given Z-plus security worldwide.
Reliance Retail expects to become the world's biggest garment seller by volume in the next two years, driven by growing demand in the most populous market that is not showing any signs of a slowdown, a top executive said.
The California Department of Motor Vehicles approved the on-road tests of Amazon's self driving "Zoox" taxi last week on California roads along a route between two office buildings at the company's Foster City headquarters at no more than 35 mph.
According to Statista's Digital Market Insights, estimated global search advertising revenue was estimated to be $260 billion last year and could reach $400 billion by 2026.
According to a spokeswoman of the Paris-based company Rothschild & Co., the family is offering to take the flagship bank private in a $4 billion deal.
T-Series, an Indian Bollywood music channel, presently has the most subscribers on YouTube (234 million), surpassing Cocomelon, a kids video channel (152 million). Here's a list of YouTube channels with highest number of subscribers in 2023.
Ambitious media frauds Stephen Glass and Jayson Blair crippled the reputations of the New Republic and New York Times, respectively, by slipping years of invented news stories into their pages. Thanks to the Twitter Files, we can welcome a new member to their infamous club: Hamilton 68.
Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and mining corporation. Now, Rio Tinto has lost radioactive capsule during transport in Western Australia.