COVID-19 and After | Large listed companies gain at the expense of smaller, unlisted peers
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Large listed companies have benefited at the expense of smaller listed/unlisted rivals by capturing market share, changing their business models to suit the new COVID-era environment, and improved their share in the government#39;s corporate tax revenue
Bitcoin heads for worst week in months as Mt Gox payouts loom
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The largest cryptocurrency by market value, bitcoin was down 1.6 percent at $55,980 by mid-session in Asia, its lowest since mid-October and 20 percent below last week#39;s record high.
Union Bank of India to allot Basel III bonds of Rs 2,000 crore next week
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The bank has considered the issuance of Basel III compliant debt instruments in the nature of debentures of Rs 500 crore, with green shoe option up to Rs 1,500 crore (maximum Rs 2,000 crore) on private placement basis, the bank said in a regulatory filing.
HCL, others keen to invest Rs 5,000 crore in Karnataka: Minister
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Addressing reporters at the Bengaluru Tech Summit 2021, the Minister for IT-BT and Higher Education Dr C N Ashwath Narayan said HCL, Applied Material, Rakon, and Chint have come forward to invest more than Rs 5,000 crore and this would generate over 15,000 jo
Alibaba says profit falls 81% as China cracks down on big tech
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Alibaba said profit came in at 5.37 billion yuan ($833 million) for the July-September period, falling from 28.77 billion yuan earned over the same stretch last year.
Govt accepts Cairn#39;s offer on retro tax; company to withdraw cases now, refund to follow: Report
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Meeting the requirements of the new legislation that scraps levy of retrospective taxation, the company had earlier this month given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedin
US says new Indo-Pacific economic framework not typical trade deal
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In a teleconference call during a visit to Malaysia, commerce secretary Gina said discussions on the framework are in preliminary stages, but could involve several key areas including the digital economy, supply chain resiliency, infrastructure, export contro
Grammarly raises fresh funds at $13 billion valuation
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The surge in its valuation highlights Grammarlyâs stunning growth in recent years after it launched a freemium business model in 2015, helping it amass a loyal base of millions of daily users and other big-name enterprise customers including Zoom Video C
Power Global partners Rap Eco Motors to supply eZee swappable lithium-ion battery tech
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The partnership is for the supply of battery technology to Rap Ecoâs mass-market electric three-wheeler product line RANIE, which includes a passenger auto-rickshaw, delivery van and cargo vehicle, Power Global said in a release.
IT Minister Ashwini Vaishnaw exhorts start-ups, industry to position India as market leader in cybersecurity
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The vulnerabilities have grown multifold in the new world of increasingly-connected systems, and require innovators and cybersecurity experts to be a step ahead of those who seek to compromise or hack digital systems.
India investing in developing capabilities in 5G 6G tech: PM Modi
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In a virtual address at the Sydney Dialogue, the prime minister said the «greatest product» of technology today is data and that India has created a robust framework of data protection, privacy and security.
Kubota to increase stake in Escorts, make open offer at Rs 2,000 per share
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Kubota, which has interests in tractors, earth movers and engines, will also make an open offer to Escorts shareholders to acquire up to 26 percent of the companyâs share capital. The name of the company shall be changed to âEscorts Kubota Limitedâ
UK#39;s Arrival unveils pre-production prototype electric bus
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The pre-production bus will start running on roads within the next few weeks, and series production is due to begin at a plant in the US state of South Carolina in the second quarter.
Foodlink raises $8 million from Plutus Wealth Management, others
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The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP, Foodlink said in a statement.
ABB inks pact with Zume to accelerate transition from single-use plastics
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«ABB Robotics has signed an agreement to collaborate with California-based Zume, a global provider of innovative, compostable packaging. ABB will supply robotic cells that will enable Zumeâs production of sustainable packaging on a global scale, he
Ducati launches Panigale V4 SP in India at Rs 36.07 lakh
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Bookings are now open across all Ducati dealerships in Delhi-NCR, Mumbai, Pune, Ahmedabad, Hyderabad, Bengaluru, Kochi, Kolkata and Chennai, and deliveries will start with immediate effect, Ducati India said in a statement.
Under pressure, Apple allows self-repairs to iPhones, Macs
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The company said on Wednesday that it will enable users of two of the newest iPhone models and eventually some Mac computers to get access to genuine Apple parts and tools for consumer repairs.
Macrotech Developers raises Rs 4,000 crore via QIP for growth, debt reduction
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The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and market its properties under #39;Lodha#39; brand.
No festive cheer for auto sector as sales slump to decade low
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At 2.09 million, registrations of new vehicles during the festive days was 18 percent lower than the same period FY21 and nearly 21 percent lower than FY20.
GMR emerges winner for Indonesian airport development, operations
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Angkasa Pura 2 (AP2), the state-owned enterprise and the bidding authority for the Medan Airport has informed that they have completed the best and final evaluation process for selection of strategic partnership for the aerodrome and have announced GMR Airpor
Paytm#39;s business model lacks focus and direction, says Macquarie Research report
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Research house Macquarie said that Paytm cannot make significant money by merely being a distributor hence questioning its ability to achieve scale with profitability.
Singapore AUM Biosciences sees opportunities in Asia and India
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«AUM is set to leverage on software expertise in the technology hubs of India. We are working on a win-win situation, taking Indian expertise along with our journey through the Silicon Valley and American funding to be a global service provider in the b
UBS revises India#39;s GDP forecast to 9.5% from 8.9% for FY22
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The brokerage also sees the economy clipping at 7.7 per cent in FY23 but moderating to 6 per cent in FY24, as it expects the benefit of the low-interest rate regime to end by the end of FY23, and it sees the central bank hiking policy rates by 50 bps in the s
Kaul, who was PepsiCo India Vice-President and Business Head for the beverages business for India, Bangladesh, Sri Lanka, Nepal and Bhutan, will work closely with Viniâs board of directors to execute the companyâs growth plans, including new product
Mahindra Finance launches lease-based vehicle subscription business for urban centres
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Under a brand christened #39;Quiklyz#39;, the non-banking financial company (NBFC) said it will be the first-of-its-kind digital journey on vehicle usership aimed at catering to both the retail customers and corporates.
Tata Motors working on born-electric and flexi vehicle platforms for future
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The Tata Group company, which is the leader in the electric bus segment having the largest share of electric bus number in operation in India, is working on a platform for the future that will be born electric.
India could bar transactions in crypto, permit holding as assets: Report
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Citing sources familiar with the government#39;s thinking, the newspaper said this approach would avoid implementing a complete ban, though the government was keen to stop crypto companies, including exchanges and platforms from actively trying to attract ne
Grants, non-philanthropic donations received by charitable trusts to attract 18% GST: AAR
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Jayshankar Gramin Va Adivasi Vikas Sanstha Sangamner, a Charitable trust registered under Maharashtra Public Charitable Trust Act 1950, had approached the Maharashtra bench of the Authority for Advance Ruling (AAR), seeking clarity on whether it is liable to
Air pollution: Construction workers move SC seeking ex-gratia for daily wagers
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Blanket ban on construction activities, without identifying and excluding the ones which do not contribute towards air pollution is "irrational, arbitrary and whimsicalâ, said the petition filed by National Campaign Committee for Central Legislation on C
Delhi will have only swanky private liquor shops from today. Hereâs why
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The AAP government said it has exited the liquor business to boost revenue, rein in the liquor mafia and improve the customer experience with swanky outlets. The new policy also allows home delivery of liquor through websites and apps.
