Clipped from: https://economictimes.indiatimes.com/tech/startups/bigbasket-clocks-1-1-billion-gross-sales-as-pandemic-fuels-online-grocery/articleshow/82778110.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 SynopsisThat Tata-owned BigBasket is only the second vertical e-commerce player in India to achieve the milestone indicates the high-growth potential that online grocery
Category: Industry
PhonePe to acquire Indus OS in all-cash deal worth $60 m – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/phonepe-to-acquire-indus-os-in-all-cash-deal-worth-60-m/article34599672.ece?homepage=true The digital payment service PhonePe – Bloomberg The digital payment service PhonePe – Bloomberg× This is the digital payment platform’s second acquisition after
Buyback ‘fraud’: SEBI imposes fine of ₹5.25 crore on Cairn India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/buyback-fraud-sebi-imposes-fine-of-525-crore-on-cairn-india/article34599479.ece?homepage=true P Elango, 2 others charged ₹15 lakh each; firm lured investors with ‘misleading announcement’ Cairn India, the leading oil and gas player that
Cement demand may drop by 20% in June quarter due to localised restrictions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/cement-demand-may-drop-by-20-in-june-quarter-due-to-localised-restrictions/article34587396.ece Demand from rural housing accounting for nearly a third of the total domestic market to decrease: report Cement demand in the June quarter
PE-VC exit deal value hits a two-year high in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/pe-vc-exit-deal-value-hits-a-two-year-high-in-april/article34590247.ece But with the second wave of Covid infections surging, experts say exits may see a dip in the coming months The cumulative value
About 50% of rated entities are ‘issuer non-cooperating’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/about-50-of-rated-entities-are-issuer-non-cooperating/article34589623.ece Borrowers find it difficult to obtain NOC from banks The number of companies being rated as ‘issuer non-cooperating’ has risen sharply for all
Explained: Why cryptocurrency jumps and falls on Elon Musk’s tweets | Business Standard News
lipped from: https://www.business-standard.com/article/markets/explained-why-cryptocurrency-jumps-and-falls-on-elon-musk-s-tweets-121051801378_1.html The value of a crypto depends solely on the equation between supply and demand, and demand is driven solely by sentiment Elon Musk’s
Dull Demand: Drop in commercial papers issuances points to slowing credit growth at banks – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/dull-demand-drop-in-commercial-papers-issuances-points-to-slowing-credit-growth-at-banks/2254497/ According to data released by the Reserve Bank of India (RBI), CP issuances were to the tune of Rs 89,576 crore in April
Most brokerages positive on Bharti Airtel post Q4 numbers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/most-brokerages-positive-on-bharti-airtel-post-q4-numbers/articleshow/82757448.cmsSynopsis Analysts cheered the strong 4G and postpaid subscriber additions by the telecom operator in the March quarter. Most brokerages have maintained buy ratings
Bank stocks: Bold bets on banking could pay off, feel fund managers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bold-bets-on-banking-couldpay-off-feel-fund-managers/articleshow/82750380.cmsSynopsis Fund managers are bullish on the large private sector banks, such as HDFC Bank, ICICI Bank, Axis and Kotak. They believe their strong
Swiggy is donning many hats to win against Zomato. Trying things is fine but where are the big wins? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/consumer/swiggy-is-donning-many-hats-to-win-against-zomato-trying-things-is-fine-but-where-are-the-big-wins/primearticleshow/82746428.cms SynopsisSwiggy and Zomato are two sides of a coin if one looks closely at their business playbook. IPO-bound Zomato wants to be good
Finance Ministry pins hope on pent-up demand to lift recovery this fiscal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/finance-ministry-hopes-pent-up-demand-to-boost-recovery-this-fiscal/article34587203.ece?homepage=true Economists remain cautious; heath spends likely to go up, says SBI research The Finance Ministry pins hope on ‘pent-up demand’ to boost economic
Taxing more firms at a lower rate | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/taxing-more-firms-at-a-lower-rate-121051801447_1.html Concern over a falling share of corporation tax revenue may get worse The Centre’s tax collections in recent years have been a cause for concern.
Real estate developers expect recovery in H2 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/real-estate-developers-expect-recovery-in-h2-2021/articleshow/82740916.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Real estate developers are hoping to see a quick recovery once the second wave of Covid subsidies, similar to the one seen post
Several companies rush to file draft red herring prospectus with Sebi | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/several-companies-rush-to-file-draft-red-herring-prospectus-with-sebi-121051800037_1.html According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion)
Anti-dumping probe initiated on solar cell imports from China, Thailand and Vietnam – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/anti-dumping-probe-initiated-on-solar-cell-imports-from-china-thailand-and-vietnam/article34579821.ece The DGTR said it has accepted a petition by ISMA to probe if material injury is being caused to the domestic manufacturing industry
Indian Hotels readies expansion plan in a post-pandemic world – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/indian-hotels-readies-expansion-plan-in-a-post-pandemic-world/article34580975.ece M&A activity will pick up if pandemic’s pace slows down in the next four-eight weeks: MD Indian Hotels Company Limited (IHCL) is readying
With 27% share, healthcare ranks second in CSR spends – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/with-27-share-healthcare-ranks-second-in-csr-spends/article34581178.ece Corporates spend more on education, differently-abled The health sector is not the top priority of corporates when it comes to using Corporate Social
Year of revival turns year of survival – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/year-of-revival-turns-year-of-survival/2253701/ With banks unwilling to lend, the govt must tap retail savings for capex and welfare spend; also, it must increase corporate tax rates
Brokerages raise L&T’s target price on strong Q4 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/brokerages-raise-lts-target-price-on-strong-q4/articleshow/82727214.cms Synopsis–Morgan Stanley retained overweight and raised target price to Rs 1,816 from Rs 1,721 saying that valuations remain compelling and the company has
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