BUSINESS
CBI likely to summon ex-NSE CEO Chitra Ramakrishna
She has been accused of leaking classified information to one Yogi, who lives in the Himalayas. It has been learnt that this Yogi was Subramanian, who was brought to the NSE by Ramakrishna. He had access to the email ID on which the emails were sent. On Thursday, the Income Tax Department had conducted raids at her house in Mumbai and in Chennai. Sources have said that incriminating documents were recovered during the raid.
Fintech platform Propelld raises $35 mn to boost education finance biz
Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections. The startup was founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray, Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 crore, it said in a statement.
India set for stronger tech, media & telecom IPOs as China falters
While new regulations have severely hit China in the global tech, media & telecom (TMT) IPO market, the Indian TMT IPO pipeline is getting stronger and will continue to gain prominence this year, a new report showed on Friday. Between 2018 and 2020, there were 15 TMT IPOs in India. Last year alone, 15 Indian TMT companies went public and raised a total proceeds of $4.8 billion, reveals data and analytics company GlobalData.
Meta's social VR platform Horizon hits 3 lakh users
According to a report in The Verge, Meta spokesperson Joe Osborne confirmed this, saying it included users of Horizon Worlds and Horizon Venues which is a separate app for attending live events in VR. Horizon Worlds was rolled out to Oculus Quest VR headset users in the US and Canada in early December. Horizon Worlds was recently featured in Meta's Super Bowl ad, and Meta CEO Mark Zuckerberg called it "core to our metaverse vision".
Is IPO-bound OYO being able to retain customers?
Ritesh Agarwal, OYO's Founder and Chairman, had revealed in a recent tweet that over a million people booked an OYO on New Year's weekend. He said that around 58 per cent of them made same-day bookings on December 31. The number is impressive, especially in comparison to the homegrown unicorns bookings back in 2016. Back then, with 102,000 bookings, the Gurugram-headquartered travel tech platform clocked about 20 per cent bookings vs what it accomplished during 2021 New Year's Eve.
No license to denigrate competitor, says HC on freedom of commercial speech
A bench of Justice Asha Menon, hearing the lawsuit by FIITJEE against the defendant Vidya Mandir Classes and others, noted that the plaintiff and the defendants are business rivals, and compete for good students so that their effort in establishing a reputation of being a good coaching institute would be fortified.
Equities trade negative in early trade, Sensex down 180 pts
India's key indices -- S&P BSE Sensex and NSE Nifty50 -- declined marginally in early trade on Friday. At 09.54 a.m., Sensex traded at 57,709 points, down 0.3 per cent or 183 points, whereas Nifty traded 17,259 points, down 0.3 per cent or 46 points.
Afghan industrialists slam Biden's move to split assets
"On behalf of 5,000 factories and hundreds of mine extracting companies, I today describe the recent decision of President Biden as unjust and stealing our national assets and we denounce it," acting chairman of the association Al-Hajj Sakhi Ahmad Paiman told reporters here on Thursday.
Virgin Galactic opens spaceflight tickets to public for $450,000
The company has pegged the tickets at a whopping $450,000 each, the Verge reported. To secure their seat, customers must pay a $150,000 deposit and then pay the remaining $300,000 before the flight. Virgin Galactic has an application that individuals can fill out on the company's website. Virgin Galactic successfully flew its founder, Branson, to space in July last year.
Loan fraud: CBI grills ABG Shipyards Chairman Rishi Kamlesh Aggarwal
Sources privy to the investigation said that Aggarwal was asked to join the investigation and record his statement. "He responded to our summons and joined the probe. Our team questioned him for hours in connection with the case," a source told IANS. In coming days, Aggarwal will be called again as he has to be confronted with others and a few documents.
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