Business
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Delhi HC nixes plea by Zostel to restrain OYO’s IPO process
New Delhi: The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering…
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Swiggy set to acquire DineOut for around $200 million
New Delhi: Leading online food delivery platform Swiggy is set to acquire Times Internet-backed dining out platform Dineout for close to $200 million, reliable sources said here on Monday. Dineout was also…
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Now trade-in used mobile phones on Flipkart
New Delhi: Domestic e-commerce platform Flipkart on Monday introduced the Sell Back Programme that offers customers a platform to sell their used mobile phones. The Sell Back Programme launch follows Flipkart’s recent…
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Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund
Dubai: Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly 80 billion as the…
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India-based startups raised $39 bn in 2021; mortality rate down to 1%
New Delhi: India-based startups raise $39 billion capital in 2021, said Grant Thornton Bharat. The report on the democratisation of India’s startup ecosystem showed a total funding of $39 billion, a rise…
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Sindhu Trade Links becomes multibagger, shares up 2000% in 2021
New Delhi: Sindhu Trade Links shares became multibagger in 2021 as it rose over 2,000 per cent during the year. On Friday, the shares settled at Rs 139 on the BSE, against…
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Banks had tried to revive ABG Shipyard but failed: SBI
New Delhi: The State Bank of India on Sunday said that the consortium of banks, which had made loans to ABG Shipyard, had tried to revive its operations but all efforts failed…
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Rival unions unite at Eicher Motors
Chennai: While merger of rival companies is normal, a merger of two worker unions is something rare, which happened at two-wheeler maker Eicher Motors Ltd’s plant here, said their leaders. Further, the…
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CIL taking steps to increase coal supply to non-power sector
New Delhi: Coal India Limited (CIL) has sufficient buffer stock and is making efforts to increase coal supply to the non-power sector in view of the increased demand, the Ministry of Coal…
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RBI to observe financial literacy week during Feb 14-18
Mumbai: The Reserve Bank of India (RBI) will observe ‘financial literacy week’ during February 14-18, in order to propagate financial education messages among the public across the country. The theme of this…
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Maruti on course to become India’s highest car exporter in FY22
New Delhi: Automobile major Maruti Suzuki is on course to become the largest car exporter from India in FY22. The feat has been achieved after a gap of 11 years with new…
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Tesla manufacturing in China & selling in India not digestible: Gadkari
New Delhi: Union Minister for Road Transport and Highways Nitin Gadkari has said that manufacturing Tesla in China and selling in India is not a digestible concept to all of us, as…
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Time to focus on pulses, oilseeds production, says IPGA
New Delhi: It is time for India to focus on pulses and oilseeds as the country did with cereals during the Green Revolution, India Pulses and Grains Association Vice Chairman Bimal Kothari…
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TVS Motor moped sales down in Jan
Chennai: Moped major TVS Motor Company Ltd sold 35,929 units last month, said Society of Indian Automobile Manufacturers (SIAM). According to SIAM, the two and three wheeler maker sold 35,929 units last…
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Tesla recalls over 575K vehicles due to Boombox features
San Francisco: Electric car maker Tesla is reportedly recalling 578,607 vehicles over a potential issue with the Boombox feature. As per the document by the National Highway Traffic Safety Administration (NHTSA), some…