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The Indian rupee depreciated 26 paise to 73.87 against the US dollar in opening trade on Wednesday tracking a strong American currency in the overseas markets ahead of the outcome of the US Fed meeting. At the interbank foreign exchange market, the local currency opened at 73.70 and witnessed an intra-day high of 73.66 and […]
The traditional logistics industry, which was pretty unorganised until half a decade back, isslowly transforming itself to a high impact sector which is tech driven and globallyintegrated. Furthermore, the robust growth witnessed in e-commerce is one of the leadingdrivers for this industry in the country. Over the last one and a half years due to […]
The NLCAT closed insolvency proceedings against Oyo and one of its subsidiaries and disallowed the intervention of external parties in July. A Siliguri-based hotelier has challenged a National Company Law Appellate Tribunal (NCLAT) ruling that closed insolvency proceedings against OYO and one of its units, in the Supreme Court. The hearing is scheduled for September 13 before […]
Brothers and founders of Chips Express Pvt Ltd, Vimal and Tushar Patel launched their ready to eat food packs Hungrill (meaning Hunger Will) in January 2020 and Covid-19 happened. But Covid-19 came as a boon for their newly established business of ready to eat food packs. “The food is not dehydrated or uncooked with instructions. […]
Reliance Jio made an announcement on Friday that it has put off the launch of JioPhone Next, the low-priced smartphone developed in partnership with Google, to Diwali. The phone was initially scheduled to be launched on September 10 on the occasion of Ganesh Chaturthi. The company further said in a statement that both the companies […]
The small town of Sanand in Gujarat turned into a major automotive hub with the entry of Tata, Suzuki, Ford, Honda and Hero MotoCorp, who operated their plants from in and around Sanand. But Sanand perhaps is losing its sheen as major companies make an exit. The announcement on Thursday was made by US auto […]
The business honcho Mukesh Ambani and his wife Nita Ambani seem to have got some serious threats. An abandoned vehicle containing a bag of gelatine sticks and a letter carrying a threat addressed to Ambanis was found near their house, Antilia. A retired colonel, the president of a Reliance group company handling security matters, was […]
Global retail giant Amazon’s Amazon Pay will be distributing the wealth management services in India which is the first wealth management tie-up for Amazon anywhere in the world. Its wholly-owned subsidiary Amazon Pay has tied up with homegrown investment advisory services startup Kuvera to offer wealth management services to 50 million customers in India. Over […]
Following the last year Supreme Court directive to the airlines to refund full amounts of air tickets cancelled between March 25 and May 24, while many airlines have nearly completed the process, Air India is lagging behind with about Rs.250 crores in its pocket yet to be refunded. This, when IndiGo announced earlier this year […]
In the country where the campaign of calling cows “gau mata” has started, on the other hand, its decreasing number in Gujarat has become a matter of concern. It is worth mentioning that in spite of having Gauseva and Gauchar Vikas Board in Gujarat, the number of cows has declined amazingly in the last 7 […]
Life is a strange conundrum. While propelling ourselves towards our goals, be it sentimental or more worldly, we can hardly escape the finance. Many of us have had to deal with short term requirement of fund at one time or other. Fees payment of current semester to unforeseen medical expenses to three months rental deposit […]
While Axis Bank sells Tier 1 paper with sustainable or ESG tag, Adani Green mops up funds for capital investments. Axis Bank and Adani Green Energy (AGEL) have together launched their overseas bond sales on Wednesday, seeking to collectively gather up to 1.5bn dollars. Axis Bank has set initial price guidance of 4.4 percent for […]
Notably, the physical activity of people has reduced owing to long working hours and ‘Work From Home’ culture. So, to encourage employees to get fitter and healthier, Zerodha Broking Ltd has launched an initiative for its employees. Reduced physical activity has put an adverse effect on mental and physical well-being and so Nithin Kamath, founder […]
Key points of the MOU: A FinTech Startup Accelerator, to support growing Indian FinTech’s Joint venture by DevX, Savvy, and Flexworx MoU signed with NSE for collaboration Aimed at driving growth and scaling in Fintech arena FinX Labs, which is a joint venture by Jaxay Shah and Flexworx today announced the opening of its startup […]
Jio, which has been the largest telecom operator in Gujarat, had continued to remain revenue market share leader in the quarter ending on June 30, 2021. Compared with the previous quarter Jio’s revenue in the state increased by 7% or Rs80 crore from Rs1,045.55 crore in the quarter ending on March 31, 2021, to Rs1,125.73 […]
The import curbs at airports and ports in China add to the woes of manufacturers already stricken by an acute scarcity of chipsets for smartphones, leading to the market analysts chopping their 2021shipment estimates for the second time this year. TechArc has reduced its projections by 7 percent extra while IDC mentioned that the trade […]
For the first time in three months, Bitcoin broke back above 50,000 dollars on Monday as investors piled back into the cryptocurrency on bargain-buying. After bitcoin plunged from a record near 65,000 dollars in mid-April and trading in a range of about 30,000 to 40,000 dollars for many weeks, bitcoin has recovered. The largest cryptocurrency […]
Nirmala Sitharaman, Finance Minister in her 2021-22 budget speech said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction. After which a top Government official stated on Wednesday that the Government is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power grid pipelines which […]
Rajarishi Chakravorty, a civil engineer and marketing professional has been riding bicycles since he was just five years old. The Delhi-based cyclist has enhanced his riding distance from 10 km/ day earlier to now 35+kms/day. Currently owning two products-one each from La Sovereign and Hero stable, Chakravorty is now drawing up plans to buy a […]
Around 500 jewellery manufacturers of Rajkot will be on a one day strike on Monday so as to protest the introduction of hallmarking unique identification (HUID) number system by the Bureau of Indian Standards (BSI) for jewellery. The new requirement will slow down the business cycle of the jewellers and put customers’ privacy in danger. […]
