Aim to comply with new norms: Ajit Mohan
In a freewheeling chat with Fortune India and editorji, Facebook India head Ajit Mohan talks about the social media giant’s take on the new IT norms, and its views on privacy, among other things.
In a freewheeling chat with Fortune India and editorji, Facebook India head Ajit Mohan talks about the social media giant’s take on the new IT norms, and its views on privacy, among other things.
In an exclusive conversation with Fortune India and Editorji, Facebook India boss Ajit Mohan opens up on social media regulation, privacy, and more.
Koo, which has raised $30 million in its Series B round led by Tiger Global, says it will invest the money in developing new features on the app.
Facebook earned its chops by connecting people. Its next big bets are on content creators and small businesses. And aiding it are Whatsapp and Instagram.
More applications are likely as the RBI extends the deadline by a month to seek the licence for setting up a pan-India New Umbrella Entity (NUE), which will compete with the NPCI.
Despite the raging Covid-19 pandemic and economic disruptions due to it, Indian investment banking activities grew, hitting a three-year high in 2020, with revenues touching $1.03 billion.
Facebook’s recent event was all about how businesses in India had pivoted in the time of the Covid-19 pandemic. But the reasons behind the resilience of Indian enterprise, however, are manifold.
It is difficult for investors to find too many companies in which they can confidently invest at present. Jio is an exception since it offers exactly what a post-Covid world may need.
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
RIL closed 10% higher, and contributed over 51% and 43% in the points gained by the Sensex and the Nifty 50.