BUSINESS
5-10% decline expected in F&G retail's FY21 revenue: Ind-Ra
It said that this sector can witness a 40-45 per cent decline in revenues for FY21 because of Covid-19 led business disruptions and general economic slowdown.
Serum Institute to counter sue man for Rs 100 crore over 'malicious claims'
The volunteer was given a dose of Covidshield in a clinical trial on October 1 and his health started deteriorating after 10 days when he reported severe headache and vomiting.
Shapoorji's $1.2 billion deal with ADIA put on hold
Recently, the group defaulted on repayment to its listed subsidiary, Sterling & Wilson, which has given it another year to repay the loans.
Tatas to take over 76% stake in AirAsia
Tatas are likely to integrate AirAsia with its low-cost subsidiary, Air India Express by potentially converting the debentures into equity at a later stage.
EXPLAINED: NBFCs and banking license race
Recently, according to recommendations of an internal working group of RBI released on 20th November, non-banking lenders with asset sizes of Rs. 50,000 crore might be given the permission to convert into banks.
Payments firm Cashfree raises $35mn led by Apis
Cashfree said it has been profitable since its first year of operations and counts more than 50,000 businesses amongst its merchants including leading internet companies such as Cred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, and Delhivery, among others.
Petrol, Diesel prices hiked for 2nd straight day
The price of petrol has been increased to Rs 81.38 from Rs 81.32 per litre in the national capital on Friday. Similarly, price of diesel has been increased by 20 paisa per litre to Rs 70.88 per litre in Delhi.
India's FY22 GDP growth forecast raised to 8.5%: Barclays
Barclays stated that the flattening of Covid-19 curve in the country and the chances of an effective vaccine early next year alongside high seroprevalence of antibodies across the population are the major contributing factor for a more durable economic recovery.
Microsoft's new programme to aid healthtech startups grow in India
Microsoft has collaborated with startup incubator Social Alpha to facilitate the growth of participating startups. The initiative focuses on helping participating entrepreneurs with technical support as well as resources for co-selling and co-building tech tools to achieve better results across the healthcare sector.
Sensex reclaims 44,000 level, Nifty up by 41.50 point
At around 2 pm, Sensex was trading at 44,112.37, higher by 159.66 points or 0.36 per cent from its previous close of 43,952.71.
Don't Miss
Advertisement