Business

25 Oct 2021, 18:40

Tech Mahindra's attrition rate is nearly twice that of TCS

IT company Tech Mahindra has reported a muted September quarter earnings as profit declined marginally by 1%. While talent shortage remains a concern for the e...

25 Oct 2021, 17:05

Soon-to-be listed Nykaa plans to expand to Middle East and the UK

The UK market will serve as the first step towards Nykaa’s expansion in the European market. Nykaa had registered a subsidiary in the UK, Nykaa Inter...

25 Oct 2021, 15:19

OYO IPO now faces a hurdle from a hotels lobby with 55,000 members, aside from Zostel

Misrepresentation of facts is a common acquisition faced by OYO by both these entities. FHRAI has also accused OYO of indulg...

25 Oct 2021, 14:22

Airtel opts for AGR dues moratorium, becomes the second telco to do so

Airtel has opted for the four-year adjusted gross revenue (AGR) dues moratorium. The telco is expected to free up its cash-f...

25 Oct 2021, 12:56

Reliance Jio lost subscribers for the first time in 10 quarters but there's good news for Mukesh Ambani in this too

Jio lost over 10 million subscribers in the September quarter – a first for the telco in the past 10 quarters...

25 Oct 2021, 11:39

Clear(Tax) has bagged $75 million from world's highest valued fintech startup Stripe and others to fuel its international expansion

Clear, formerly known as ClearTax, has raised $75 million in a funding round led by Kora Capital. The intends...

25 Oct 2021, 10:23

Chinese EV maker unveils flying car planned to be launched by 2024

Chinese EV maker Xpeng unveiled a new flying car that can also operate on roads. It has a folding rotor mechanism that makes it a land and air vehicl...

25 Oct 2021, 10:12

Loss-making Groww is now the most-valued investment platform even though some of its peers make profits

It plans to use the latest funding to expand its technology infrastructure and widen its reach to under-penetrated regions. ...

25 Oct 2021, 06:00

Twitter, Tiger Global, Tencent and others have pumped in over $900 million into India’s vernacular social media platforms in a year

Lokal app has reportedly raised $12 million (close to ₹90 crore) from China-based Tencent. ShareChat, Public ...

22 Oct 2021, 22:09

This Motilal Oswal-backed startup is planning to issue a million credit-based cards in the next 150 days relying on the $2 billion worth loans it disbursed

It only took 60 days for the digital lending startup KreditBee to issue 100,000...

22 Oct 2021, 22:05

Reliance Industries' net profit crosses ₹15,000 crore in September quarter

Conglomerate Reliance Industries Ltd (RIL) on Friday reported a rise of 46 per cent growth in its year-on-year consolidated ...

22 Oct 2021, 21:54

Paytm may skip its pre-IPO sale as advisors reportedly recommend lower valuation

One 97 Communications — the parent company of digital payments giant Paytm — has reportedly decided to scrap off its pre-initial public offering (IPO) sale over valuation differences.

22 Oct 2021, 21:25

Reliance confirms JioPhone Next will be launched in time for Diwali

The JioPhone Next launch was initially scheduled for September this year. It was pushed back and at the time, reports suggested that it will be launc...

22 Oct 2021, 19:04

SEBI approves Paytm’s $2.2 billion IPO, company explores November listing

The company intends to raise ₹16,600 crore from this issue. Half of this amount would be raised through fresh issues and the...

22 Oct 2021, 15:21

Nykaa may launch its IPO next week to raise a little over ₹5,000 crore

The anchor placement of up to ₹2,340 crore will open up a day in advance. Nykaa’s IPO would consist of a fresh issue of equi...

22 Oct 2021, 14:52

Dutch investigators hack Tesla's driving storage system, finds more data than previously known

A team of Dutch forensic researchers decrypted Tesla's data storage system, providing access to a trove of information that ...

22 Oct 2021, 12:17

Nykaa has added a skincare brand to its shopping cart, a week before its IPO

Dot & Key is the first direct-to-consumer (D2C) brand acquired by Nykaa. It has previously acquired two private labels — Pip...

22 Oct 2021, 11:09

After Facebook, Google is looking to invest in Meesho

Meesho has enabled over 13 million individual entrepreneurs to start their own online businesses with zero investment, bringing the benefits of e-com...

21 Oct 2021, 18:39

L&T aims to become carbon neutral by 2040 and here's how

The company aims to achieve carbon neutrality by 2040, ahead of the Paris Agreement deadline of 2050. Currently, more than 10% of the total electrici...

21 Oct 2021, 16:03

Asian Paints' net profit drops 29% on high raw material prices

Asian Paints Ltd on Thursday reported a 29 per cent decline in consolidated net profit to ₹605.17 crore in the second quarter ended September 30, on ...

21 Oct 2021, 14:27

Revolt RV400 bookings now open – price, features and everything you need to know

Revolt has opened the booking for the RV400 electric bike in India. The company is currently accepting bookings from 70 citi...

21 Oct 2021, 14:26

MG's mid-segment SUV Astor sold out for 2021

Automobile major MG Motor India has sold out its mid-segment SUV Astor for 2021. Accordingly, the company opened bookings for Astor on Thursday. Subs...