Business News
Tata Motors’ net loss narrows on strong growth in exports
Homegrown auto major Tata Motors on Monday reported narrowing of consolidated net loss at ₹4,450.12 crore in the quarter ended June 2021. The company had poste...
Kritti Bhalla
BYJU's is willing to shell out 10X of what Great Learning earned during the best year for edtech
Bengaluru-based edtech giant BYJU’s has now shelled out another $600 million to buy Singapore-headquartered Great Learning.
Kritti Bhalla
Uber made a billion dollars from Zomato’s listing, without spending a single penny
The market value of Uber’s stake in the newly-listed company Zomato has surged to a whopping $1.2 billion without investing a single penny in the food aggregator business.
Kritti Bhalla
Deepinder Goyal’s stake in Zomato is now worth more than $700 million
The market value of CEO Deepinder Goyal’s stake in the newly-listed company Zomato has surged to a whopping ₹5,500 crore ($738 million).
Kritti Bhalla
Zomato makes a strong public market debut at 51% premium
Zomato makes a strong public market debut at 51% premium, shares open at ₹116
Snapchat records highest growth in users since going public in 2017
Snapchat has announced that it now has 293 million daily active users in the second quarter this year, an increase of 55 million year-over-year.
Kritti Bhalla
Zomato and Swiggy are best food delivery apps in the world, says Zomato’s CEO
Deepinder Goyal said that Zomato and Swiggy are two of the best food delivery apps in the world.
Kritti Bhalla
Reliance Retail, the cash cow for Mukesh Ambani’s RIL, may be hit by the second wave of the pandemic
Reliance Retail is going to face the worst impact of the second wave of COVID-19 in the first quarter of FY2022.
Bhakti Makwana
If you don’t get Zomato shares via IPO, you could look at Jubilant Foodworks too
Shares of Jubilant Foodworks, Domino’s India franchisee, surged more than 10% on July 22 on better than expected June quarte...
Bhakti Makwana
It’s raining IPOs in India — And these are the ones to watch out for in the coming months
- 2021 has already seen 36 IPOs get listed so far, more than 31 IPOs in the entire year of 2020, according to BSE data.
- Paytm’s
Union Cabinet approves ₹6,322 crore PLI scheme to boost the steel manufacturing industry
In a major development for the country's steel sector, the Union Cabinet on Thursday approved a production-linked incentive (PLI) scheme for the manufacturing of specialty steel, with an outlay of ₹6,322 crores.
Hyundai Motor and subsidiary Kia Motors report strong profit growth on increased sales of high — end SUVs
Hyundai Motor and its affiliate Kia, South Korea's two biggest carmakers, on Thursday reported strong second-quarter earning...
FMCG biggie Hindustan Unilever's profit rises over 10%, remains "cautiously optimistic" on demand recovery
FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 10.7 percent in its consolidated net profit at ₹2,100 ...
Kritti Bhalla
BYJU's acquires another American startup, plans to spend $1 billion on US expansion
BYJU’s has acquired US-based digital reading platform Epic, which focuses on kids under the age of 12.
Kritti Bhalla
PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion
PolicyBazaar’s parent company PB Fintech is planning to raise ₹6,500 crore (around $871 million) IPO.
Kritti Bhalla
Brookfield-backed Tower Infrastructure Trust to acquire Space Teleinfra for ₹900 crore
Brookfield-backed Tower Infrastructure Trust has acquired Space Teleinfra Private Limited (STIPL) for an equity deal of ₹900 crore.
Gold futures on Multi Commodity Exchange rise on global cues, rising concerns of COVID-19 'Delta' variant
Gold futures on the Multi Commodity Exchange (MCX) rose on Tuesday taking cues from international markets and rising concerns over Delta variant of Covid-19.
Kritti Bhalla
India added almost double the number of new businesses in the last three months compared to same time last year, while India was mostly under lockdown
India has added 36,191 new companies between April to June this year.
Lenskart raises $220 million to launch in Middle East, Southeast Asia
Eyewear retailer Lenskart on Monday announced it has raised $220 million in fresh funding led by Temasek and Falcon Edge Cap...
HCL remains confident on 'good' quarterly growth for the rest of this financial year, declares a dividend of ₹6 per share
IT firm HCL Technologies on Monday posted a 9.9 per cent rise in consolidated net profit to Rs 3,214 crore fo...
HDFC Bank reports 16.1% year-on-year rise in net profit for Q1FY22
HDFC Bank on Saturday reported a year-on-year rise of 16.1 per cent in its net profit for Q1FY22. Accordingly, the bank's net profit increased to ₹7,...
Kritti Bhalla
Zomato IPO gets oversubscribed by 38 times
Zomato launched its IPO on July 14, and it has been oversubscribed by 38 times.
Kritti Bhalla
Paytm files draft prospectus for a $2.2 billion IPO
Paytm has filed its DRHP with market regulator SEBI, for its ₹16,600 crore ($2.2 billion) IPO scheduled for this year.
Chip-maker Intel in talks to acquire GlobalFoundries for $30 billion, says Wall Street Journal Report
Chip-maker Intel is reportedly exploring a deal to acquire GlobalFoundries, a semiconductor company its rival AMD spun off a...
India's export rises by 48 % to $32.5 billion, trade deficit at $9.37 billion in June
The country's exports rose by 48.34 per cent to USD 32.5 billion on account of healthy growth in shipments of petroleum prod...
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