BUSINESS
CAIT counters Gautam Adani on Flipkart partnership
Replying to Adani, Chairman, Adani Group on Twitter, Khandelwal said: "Regrets. It's the same #flipkart which is indulging in flouting rules & policies and facing pending investigations and #AdaniGroup joining hands with killers of small businesses."
Lockdown fears trigger biggest crash of 2021; Sensex down over 1,700 pts
This spooked investors and led the S&P BSE Sensex and NSE Nifty50 to crash by around 3.5 per cent each.Notably, majority of sectors ended in deep red with massive selling being witnessed in PSU banks, followed by media, realty, private banks, financials, metals, auto, infra and energy.
Manufacturing slump contracts industrial output by 3.6% in February
Data released by the Ministry of Statistics and Programme Implementation on Monday showed that the Index of Industrial Production (IIP) for February contracted by 3.6 per cent over the same month a year ago. On a sequential basis, the IIP had contracted by 0.87 per cent. For the April-June period of the previous financial year, the IIP fell by 11.3 per cent.
Vodafone Idea to pay balance license fee by April 15
Days after the Department of Telecommunications issued a show-cause notice to the company over non-payment of license fee in seven circles, Vodafone Idea said, in a regulatory filing, that it will send a "suitable clarification" to DoT on the same.
BYJU'S raises $455 mn led by Baron Funds as part of $1B round
Citing government filings by the company, Inc42 reported that existing investors like Silver Lake Management, Owl Ventures, and T. Rowe Price etc are also participating in the round. The latest fund-raising comes after the BYJU'S announced to acquire Aakash Educational Services Ltd (AESL) through a strategic merger. The deal size is also pegged at close to $1 billion, according to a person familiar with the transaction.
India Pay-TV industry revenues to grow at 7% CAGR over 2020-25
MPA estimates India's active DTH homes will grow from 58 million in 2020 to more than 68 million in 2025. Meanwhile, cable's share of pay-TV subscribers will decline from 54 per cent in 2020 to 46 per cent by 2025 while IPTV will pick up a small share after rolling out later in 2021.
WeWork India raises Rs 200 crore, aims for profitability in 2021
The company said that following the challenging period for the industry due to the lockdown last year, it has bounced back and pivoted to adapt favourably through new flexible product offerings. WeWork India said that it is aiming for profitability in 2021.
76% growth in digital payments in India in last 12 months
As tourism opened up, Jammu and Kashmir made it to the top 10 'Digitally Inclusive States/Union Territories for the first time, with a growth of 36 per cent in online transactions in the January-March period, ranking above Uttar Pradesh, Madhya Pradesh and Haryana, according to data provided by full-stack financial solutions company Razorpay in its 'The Era of Rising Fintech' report.
Brokerage firm Upstox suffers data breach, says users' data safe
"We brought in the expertise of this globally renowned firm after we received emails claiming unauthorised access into our database. These claims suggested that some contact data and KYC details may have been compromised from third-party data-warehouse systems," the company said in an earlier statement on Sunday.
TVS Motor moped sales down in FY21
The two and three wheeler maker TVS Motor is the only company that rolls out mopeds. The company makes TVS XL model. Last fiscal TVS Motor produced a total of 636,218 mopeds, down from 649,678 units during 2019-20.
Don't Miss
Advertisement