Tech giant Microsoft has said its Chief Executive Officer Satya Nadella's son Zain Nadella has died. Zain was 26 and had born with cerebral palsy. "Very sadly Satya’s son Zain Nadella has passed away. The Nadellas are taking time to grieve privately as a family," a Microsoft spokesperson said in response to an email query [...]
Mumbai, Mar 1 (PTI) Kuhoo, a fintech startup focused on student loans, has raised USD 20 million (about Rs 151 crore) from West Bridge Capital in seed funding. Kuhoo is floated by banking veteran Prashant A Bhonsle, who had earlier worked with ICICI Bank, HDFC Credila and InCred. The digital platform provides online loans to [...]
Mumbai, Mar 1 (PTI) Infibeam Avenues, a listed fintech company, has acquired the payments-focused Uvik Technologies for Rs 75 crore in a cash and stock deal. Venture capital fund Season Two Ventures will get an exit through the deal, as per a statement. Uvik is in the contactless payments space and has developed a technology [...]
New Delhi, Mar 1 (PTI) GST collections in February grew 18 per cent to over Rs 1.33 lakh crore in February even as the Omicron wave dented the month-on-month collection momentum.This is for the fifth time in the current fiscal that the Goods and Services Tax (GST) collection has crossed Rs 1.30 lakh crore mark. [...]
Mumbai, Mar 1 (PTI) Snapmint, a buy-now-pay-later platform, has raised USD 9 million in its series-A funding from a clutch of investors and industry leaders led by Prashasta Seth of Prudent Investment Managers. The round also saw participation of 9Unicorns, Anicut Capital, Negen Capital, Livspace founder Ramakant Sharma, Usama Fayyad of Open Insights among other [...]
New Delhi, Mar 1 (PTI) The number of ultra-high-net worth-individuals, having net assets of USD 30 million (about Rs 226 crore) or more, in India increased 11 per cent last year on the back of buoyant equity markets and digital revolution, according to Knight Frank. India also ranked third in billionaire population globally in 2021. [...]
New Delhi, Mar 1 (PTI) Hinduja flagship firm Ashok Leyland on Tuesday reported a 7 per cent rise in commercial vehicle sales to 14,657 units in February.The company had sold 13,703 units in the same month last year, Ashok Leyland said in a statement.Domestic sales were up 4 per cent at 13,281 units against 12,776 [...]
New Delhi, Mar 1 (PTI) The country's largest car maker Maruti Suzuki India (MSI) on Tuesday reported a marginal drop in total wholesales at 1,64,056 units in February. The company had sold 1,64,469 units in February 2021, MSI said in a regulatory filing. Last month, the company's domestic sales slipped 8.46 per cent to 1,40,035 [...]
New Delhi, Mar 1 (PTI) Hyundai Motor India on Tuesday reported a 14 per cent decline in total sales at 53,159 units in February. The company had sold 61,800 units in the same month last year, Hyundai Motor India said in a statement. Domestic sales were down 14.6 per cent to 44,050 units last month [...]
