Mumbai, Apr 6 (PTI) Riding high on the uptick in demand for automotive accessories in the wake of easing of restrictions and people turning back to regular commute for various purposes including work, Snapdeal saw its volume growth in such market spiking 110 per cent in 2021-22 with the demand coming from all parts of [...]
New Delhi, Apr 6 (PTI) Online food delivery platforms Zomato and Swiggy were down for nearly 20 minutes on Wednesday afternoon, triggering a flood of complaints on social media from customers. According to an industry official, the two main online food ordering platforms faced outage around 2 pm due to a technical snag with Amazon [...]
Indore, Apr 6 (PTI) The National Automotive Test Tracks (NATRAX), which tests the strength of vehicles on different parameters, has recorded a 70 per cent rise in revenue to Rs 22 crore in FY22, an official said on Wednesday.National Automotive Testing and R&D Infrastructure Project (NATRiP) Additional Director N Karuppiah told PTI that NATRAX had earned [...]
New Delhi, Apr 6 (PTI) The Steel Ministry has requested the Odisha government to reserve an iron ore block in Keonjhar district of the state for its steel PSU RINL, Parliament was informed on Wednesday. Based in Visakhapatnam, Andhra Pradesh, Rashtriya Ispat Nigam Limited (RINL) is among the top six integrated steel manufacturers in India. [...]
New Delhi, Apr 6 (PTI) The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice [...]
Mumbai, 6th April, 2022: The Board of Purple Finance met today (5th April 2022) and approved the merger of Purple Finance Ltd. with Canopy Finance Ltd subject to regulatory approvals. The Equity shares of Canopy Finance Ltd are listed on BSE Ltd. & Calcutta Stock Exchange Ltd. Post-merger the capital base of the merged entity [...]
New Delhi, Apr 6 (PTI) Coworking operator IndiQube on Wednesday said it has raised USD 30 million (over Rs 226 crore) from promoters, WestBridge Capital and others. The funding round saw participation from IndiQube’s promoters, investment firm WestBridge Capital and angel investor Ashish Gupta, the company said in a statement. "Out of USD 30 million, [...]
Bengaluru, Apr 6 (PTI) The Karnataka government aims to add 30,000 micro enterprises to the existing 50,000 such businesses, State Minister C N Ashwath Narayan said on Wednesday. “The government aims to further create 30,000 micro enterprises, led by self-help group women. There are now 50,000 micro enterprises,” said Narayan, who holds the Higher Education, [...]
Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said. The Committee of Creditors (CoC) of Reliance Capital met on Wednesday to discuss bids received. As per the Insolvency and Bankruptcy Code (IBC), the administrator [...]
New Delhi, Apr 6 (PTI) Capital markets regulator Sebi on Wednesday issued fresh guidelines for KYC Registration Agencies (KRAs) whereby such agencies will have to independently validate KYC records of all clients from July 1. The move comes after Sebi, in January, notified new norms to make KRAs responsible for carrying out independent validation of [...]
