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Bengaluru-based digital maps startup MapMyIndia's parent company, C.E. Info Systems Ltd, announced in an exchange filing on November 29 that the company's chief executive officer, Rohan Verma, would step down and start a new business-to-consumer venture. Here are six key things investors should know Regulatory requirement: As per the regulatory requirements, Rohan Verma needs to forfeit all executive role responsibilities …

Business

Bengaluru: Digital maps pioneer MapMyIndia has come under the scrutiny of investors and proxy advisory firms after the company agreed to invest ₹35 crore and transfer a tiny share of its business to a company owned by the son of its founder and promoter. "As the consumer business requires a dedicated focus to build Rohan Verma, CEO and executive director …

Welspun group is planning to expand businesses, B2C play

Welspun Corp. Ltd, the second largest manufacturer of large diameter pipes in the world and the flagship company of the $3 billion Welspun Group, is expanding the ambit of its businesses to make them more consumer-centric, said Vipul Mathur, the company’s managing director and chief executive officer. We are foraying into ductile iron pipe manufacturing, setting up a steel plant, …

Cab hailing platform Uber plans to expand its recently launched business to customer and customer to customer logistics services in India, while the country battles rising number of covid-19 cases impacting regular business, said a top company executive. In April, the San Francisco-based company halaunched three new India focused products to support fragmented logistics networks of both retail chains and …