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Thursday, May 06, 2021

Delhi HC dismisses WhatsApp and Facebook petitions against CCI order to probe privacy policy

April 22, 2021 2:10:07 pm

WhatsApp and Facebook had argued that the issue is already pending before the Supreme Court and High Court.

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Tata Group to import 24 cryogenic containers to transport liquid oxygen amid spike in COVID cases

April 21, 2021 10:34:37 am

"The Tata group is importing 24 cryogenic containers to transport liquid oxygen and help ease the oxygen shortage in the country. #ThisIsTata," the group said in a social media post.

Supreme Court stays proceedings before Delhi High Court in Amazon Future case

April 19, 2021 4:27:26 pm

Amazon had moved the apex court on April 8 challenging the Delhi High Court's division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries.

Future Retail debt recast plan gets banks’ approval

April 19, 2021 3:25:41 am

The deal will now be vetted by the committee headed by KV Kamath.

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Maruti Suzuki hikes model prices by up to Rs 22,500 to offset rise in input costs

April 16, 2021 2:15:42 pm

Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise.

Quess Corp to acquire remaining 30 per cent stake in Conneqt from Tata Sons for Rs 208 crore

April 16, 2021 1:48:11 pm

With this transaction, Conneqt will become a wholly-owned subsidiary of Quess, the company added.

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Wipro Q4 net profit up 27.7 per cent to Rs 2,972 crore

April 15, 2021 5:22:11 pm

Wipro had posted a net profit of Rs 2,326.1 crore attributable to equity holders of the company in the same period a year ago.

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Flipkart aquires Cleartrip

April 15, 2021 4:11:34 pm

Under the terms of the agreement, Cleartrip's operations will be acquired by Flipkart, although it will continue to operate as a separate brand, retaining all employees while working closely with Flipkart.

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Infosys Q4 net profit at Rs 5,076 crore; board approves share buyback at Rs 1,750 apiece

April 14, 2021 6:12:31 pm

Infosys Q4 results: Infosys, the country's second-largest IT company, approved share buyback of up to Rs 9,200 crore at Rs 1,750 per share.

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K Madhavan named president of The Walt Disney Company India and Star India

April 14, 2021 2:54:52 pm

In his new role, Madhavan will drive the strategy and growth of the media giant in India, with responsibility for the Disney, Star and Hotstar businesses and operations spanning across entertainment, sports and regional channels, and direct-to-consumer.

Future Enterprises defaults on payment of interest on NCDs

April 14, 2021 12:52:10 pm

The company is unable to service its obligations in respect of the interest on NCDs due on April 12, 2021, Future Enterprises said in a regulatory filing late on Tuesday night.

OneWeb to provide services in Kazakhstan

April 13, 2021 5:56:19 am

As per the terms of the MoU, OneWeb and the Kazakhstan government will cooperate in areas such as use of the company’s low latency, high throughput satellite connectivity platform to provide broadband.

TCS Q4 profit rises 14.9% to Rs 9,246 cr

April 13, 2021 5:37:43 am

The company’s revenue rose 9.4 per cent to Rs 43,705 crore from Rs 39,946 crore in the corresponding period last fiscal. The constant currency growth for the country’s largest IT services company was at 4.2 per cent quarter-on-quarter and 5.9 per cent year-on-year.

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Flipkart inks pact with Adani Group, partnership to create 2,500 direct jobs

April 12, 2021 12:36:25 pm

In this two-pronged partnership, Flipkart will work with Adani Logistics Ltd, a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd, to strengthen its supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers, a statement said.

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India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

April 10, 2021 2:51:36 pm

The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy. warehouse workers reject union drive in majority vote

April 9, 2021 9:32:25 pm

So far, over 1,700 voted against forming a union, with nearly 700 ballots in favor. A simple majority is needed for victory, but both sides have the right to challenge the eligibility of ballots.

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OYO moves NCLAT to challenge insolvency plea against subsidiary

April 8, 2021 4:15:48 am

The initiation of insolvency against the subsidiary led to incorrect reports claiming that the entire OYO group had filed for insolvency.

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Oyo denies seeking bankruptcy after $22,000 claim

April 7, 2021 7:07:05 pm

Oyo Hotels founder Ritesh Agarwal tweeted Wednesday his company had initially disputed an unidentified supplier’s claim for 16 lakh rupees or about $22,000, but eventually paid “under protest.”

Jio inks deal with Airtel to buy some 800 MHz spectrum for Rs 1,497 cr

April 7, 2021 5:05:01 am

The spectrum trading agreement, which is the first such deal between the leading telcos, will help Reliance Jio expand its footprint in these three circles and augment its network capacity in these areas.

Cred raises $215 mn to turn unicorn

April 7, 2021 4:20:04 am

Credit card repayment platform Cred on Tuesday said it has closed a fresh $215-million funding round, led by new investor Falcon Edge Capital and existing backer Coatue Management.

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Bharti Airtel sells 800 MHz spectrum in three circles to Reliance Jio for Rs 1,037.6 crore

April 6, 2021 6:04:16 pm

Through this agreement, Bharti Airtel will receive a consideration of Rs 1037.6 crores from Reliance Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs 459 crores relating to the spectrum.

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Triumph Trident 660 launched in India at Rs 6.95 lakh

April 6, 2021 4:58:43 pm

Triumph Trident 660 India launch: The new Trident 660 is powered by a triple-cylinder 660cc engine with a peak power of 81PS@10,250 rpm and a torque of 64 Nm@6250rpm

Swiggy closing $800 mn funding

April 6, 2021 4:13:50 am

Swiggy is closing $800 million (around Rs 5,862 crore) in funding with Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sach joining as new investors, according to an e-mail sent by company’s co-founder and CEO to its staff.

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Bajaj Auto reports sale of 3,69,448 units in March

April 2, 2021 2:12:46 pm

Bajaj Auto's total two-wheeler sales were at 3,30,133 units last month. It had dispatched 2,10,976 units in March 2020.

Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group

April 2, 2021 1:58:08 pm

Reliance Retail Ventures Ltd (RRVL) has extended the timeline for the "Long Stop Date" from March 31, 2021 to September 30, 2021, said a regulatory filing by Future Retail.