BUSINESS
'6-10 airports to be offered in next phase of privatisation'
The process that is expected to commence from FY22 will have 6-10 airports. At present, the Centre is in the process of identifying these airports which will be offered via competitive bidding to the private sector for a lease period of 50 years for the operation, management and development of these assets.
Lending Re-boot: Bad Bank expected to absorb Rs 2 lakh cr NPAs
In a conversation with IANS, he said the Budget proposal on 'Bad Bank' is really critical for the sound health of the financial sector as it would clean up the balance sheets of banks while also giving them the opportunity to raise additional capital from the market to step up lending.
Elon Musk's tweet after 'break' raises Dogecoin's value
Dogecoin surged by over 50 per cent in the past 24 hours, according to data from CoinDesk.In subsequent tweets, the Tesla and SpaceX CEO said Dogecoin is people's crypto and No highs, no lows, only Doge. Dogecoin has surged 659 per cent this year. This is not the first time Musk's tweets caused a surge in the value of some companies. His tweet about messaging platform Signal also led to a surge in the downloads of the app.
Securities market ban on Biyani won't impact Future-Reliance deal
It added that debarment, restraint, freeze imposed under this order shall not apply to the existing holding of securities of such debarred entities, in respect of which any scheme of arrangement under Section 230-232 of the Companies Act, 2013, is approved by the NCLT, requiring extinguishment of such securities or receipt of other securities in lieu of such securities.
Amazon's appeal rejected by Director Metrology
The Department of Legal Metrology noticed a violation of mandatory declaration required under rule 6(1) of the Legal Metrology (Packaged Commodities) Rules,2011 i.e. the complete address was not displayed on the digital platform of Amazon which is used for e-commerce transactions.
Banking stocks lift markets, Sensex breaches 50,55O-mark again
Accordingly, buying momentum was triggered after the market opened on a flat note due to profit booking. Amongst sectoral indices, PSU Banks, Metal, FMCG and Auto indices were the major gainers. Market Breadth also remained strongly in favour of advancing counters for fourth consecutive session.
Mobile Premier League raises $95mn, nears unicorn status
The latest round was led by Composite Capital and Moore Strategic Ventures, with participation from Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders circle and Play Ventures. The total capital raised by MPL since its inception in 2018 now stands at $225.5 million.
SBI Q3 FY21 net profit down 7% YoY
Accordingly, the bank's net profit fell to Rs 4,574 crore from Rs 5,196 crore recorded during the corresponding period of the previous fiscal. Excluding the one off interest income and other income during Q3 of FY20, the YoY growth in Net Profit and Operating Profit for Q3 of FY21 will be 133.78 per cent and 26.23 per cent respectively, the bank said in a statement.
BharatPe appoints Gautam Kaushik as 2nd Group President
Prior to joining BharatPe, Kaushik was the CEO and MD of PAYBACK India where he led the largest customer loyalty programme in the country. A veteran in leading successful multi-million dollar businesses in payments and financial services, he will work with Ashneer Grover, Co-Founder and CEO of BharatPe, and lead payments and banking partnerships.
Travel app ixigo acquires train booking platform Confirmtkt
The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal. The two companies will continue to run independently, post this acquisition, ixigo said.
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