BUSINESS
Now Zilingo fraud saga threatens India's great startup run
After the long-drawn Ashneer Grover-BharatPe saga that put corporate governance on top of the stakeholders' minds, Singapore-based fashion-tech startup Zilingo asked Bose - who co-founded Sequoia Capital-backed Zilingo as a 23-year-old in 2015 -- to stay out of office till May 5, accusing her of inflating revenues.
Amazon Fire TV Cube now supports audio streaming for hearing aids
The company said that this makes Fire TV the first-ever streaming media player to support ASHA. "With this feature, your hearing aids connect with Fire TV at the system level, so you can not only enjoy audio from your favourite apps but also Alexa, music, navigational sounds, and more," the company said in a blogpost.
Samsung ends deadlock with workers, agrees to 9% pay raise for 2022
The world's largest memory chip and smartphone maker reached an agreement with representatives of its employees over wages and other labour policies, including paid leave. The announcement was said to be made internally earlier in the day, according to the sources, reports Yonhap news agency.
'GST Council's GoM to recommend best practices to tax online gaming, horse racing'
Speaking to reporters ahead of the GoM in the national capital on May 2, Godinho, the state's representative to the Council, also said that after the recommendations made by the GoM, the GST council would take a final call on the taxation policy for the three services.
GST Council meet: Extension of compensation cess to be in focus
Among the many items on the Council's agenda, the extension of the GST compensation cess to states could turn out to be a contentious issue if the government refuses to accede to the request, given its vociferous demand from several opposition-rules states.
Spice Money ties up with Religare Broking for rural populace to apply for LIC shares
The life insurance giant is coming out with a premium initial public offering (IPO). Spice Money offers essential digital financial and e-retail services such as cash deposit and Aadhaar led withdrawals, mini ATM services, bill payments and recharge, money transfers, loans, tours and travel and more to the rural citizens through Spice Money Adhikari App.
Biocon Q4 results: Consolidated revenue growth recorded at Rs 2,476 Cr, up by 21%
During the year-ago period, the Bengaluru-based biopharma giant reported a net profit of Rs 253 crore on revenue of Rs 2,048 crore. The company recorded a decline of 6 per cent compared to Q4 of last year and 12 per cent decline in comparison with the financial year 2021. The 2021 net profit stood at Rs 740 crore. The figures for 2022 stood at Rs 648 crore, as per the official statement.
Equities tad up in early trade, analysts see volatility going ahead
At 9.46 a.m., Sensex was 0.3 per cent up at 57,668 points, whereas Nifty was 0.1 per cent up at 17,263 points. Even though the indices are in the green, analysts expect volatility to continue in Dalal Street.
Supply chain, exchange rate, higher staff, fuel costs, Ukraine add up to hurt Amazon stock
Shares fell 12 per cent on Thursday in after-hours on the back of higher costs to run the company's warehouses and deliver packages to customers. After a surge during the Covid-19 pandemic, the e-commerce giant saw expenses swelling as it offered higher pay to attract workers. A fulfillment centre in New York City voted to create Amazon's first US union, a result Amazon is contesting.
Domestic investors about to pip FPIs in holdings first time since 2010: Morgan Stanley
With share owners remaining marginal setters of price with their persistent bid, domestic investors are about to become larger holders of Indian equities than FPIs for the first time since 2010. This shift in holdings persisted for the March quarter 2022, it said. Average sector positions went a tad higher in the latest quarter after multiple quarters of decline.
Don't Miss
Advertisement