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Home  Business

Business

Grofers expects to double GMV by March

Grofers expects to double GMV by March

  • USIBC bats for digital partnerships

    USIBC president Nisha Desai Biswal said: “Both the US and India can and should do more to achieve the shared goal of $ 500 billion in two-way trade”.
  • Inox Leisure opens in Thane

    New Delhi: Multiplex operator Inox Leisure on Tuesday said it has commenced commercial operations at a new multiplex at Thane, in Maharashtra, taking its total count to 151. It has 4 screens and 240 seats. Inox is now present in 69 cities with 151 multiplexes, 641 screens and a total seating capacity of 1,46,320 seats […]
  • Incentive for early production from auctioned mines

    The Ministry of Mines has prepared the Mineral (Auction) Amendment Rules, 2021 seeking to amend Mineral (Auction) Rules, 2015.
  • SRiX receives Rs 5.25 cr NIDHI-SSS seed grant from DST

    Forms monitoring committee comprising of successful entrepreneurs and technologists to scrutinise and shortlist startups from across India.
  • India’s 2020 GDP contraction estimated at 9.6pc

    Noting that the COVID-19 crisis has wreaked havoc on labour markets in the developing world, the World Economic Situation and Prospects 2021, said that by mid-2020, unemployment rates had escalated to a record high 23 per cent in India.
  • RBI proposals to restrict land financing by NBFCs: Report

    "The wholesale NBFCs that have been using structuring to fund land acquisitions have generally been averse to funding land acquisitions over the last couple of years.
  • Samsung Display develops low-power OLED panel for smartphones

    The affiliate of Samsung Electronics Co. said the latest OLED display reduces power consumption up to 16 per cent compared with its previous smartphone panels.
  • Make in India boost, oil cess may be halved

    Currently, state-owned ONGC and OIL pay a cess on crude oil they produce from their allotted fields on a nomination basis.
  • UN expects India’s economy to recover by 7.3% this calendar year

    India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report.
  • T-Hub’s ‘T-Tribe’ programme nurtures 800 student entrepreneurs

    T-Tribe announced incubating eight idea-stage startups founded by students and first-time entrepreneurs
  • Kotak Mahindra Bank net up 11%

    During the same quarter last fiscal, the bank had reported a net profit of Rs 2,348.72 crore. It said that for Q3FY21, the bank's contribution to the consolidated profit after tax was Rs 1,854 crore.
  • Larsen & Toubro Q3 net profit up 3 pc to Rs 2,648 cr

    "The gain of divestment is ...accrued against the sale of the Electrical & Automation business to Schneider Electric SE and ... sale of the UK based Marine control & automation systems subsidiary to Rolls-Royce Power Systems AG," the company said.
  • Union Bank completes IT integration of all Andhra Bank branches with itself

    "We are extremely delighted to achieve complete integration of all branches and delivery channels of erstwhile Andhra Bank and Corporation Bank ," the bank's managing director and CEO Rajkiran Rai G said in the release.
  • CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules

    "It is a case of daylight robbery of e-commerce entities in India and, therefore, demands immediate action against the erring e-commerce portals and online mechanism providers," CAIT stated.
  • Allcargo Logistics appoints Suresh Kumar as Chief Executive Officer India

    Kumar will head Allcargo's CFS, P&E, and Contract Logistics divisions as well as focus on overall organizational compliance.
  • WFH norm creates tax challenges for SEZs

    The pandemic-induced WFH has created doubts over continuation of income tax holiday extended to IT and ITeS units operation from Special Economic Zones (SEZ).
  • Kia sells 2 lakh cars in 17 months

    "In just over a year of sales operations, Kia has emerged as India's youngest automobile disruptor and one of the best-selling automobile brands in the country," Kia Motors India Managing Director and CEO Kook Hyun Shim said.
  • Sensex tanks 531 points Energy, IT stocks play spoilsport

    Vinod Nair, Head of Research at Geojit Financial Services stated that Indian markets witnessed a highly volatile trade due to weak global market and reports of Indo-China border tension.
  • Progressive taxation for equitable recovery: Oxfam India

    The government should commit to the reduction of inequality by setting a timeline
  • CallHealth, NephroPlus join hands to offer dialysis at home

    An MoU was signed by both the companies and have initially rolled out the new offering in Hyderabad and will make it pan-India shortly.
  • Galaxy S21 sales tipped to hover around 2.4M units in S.Korea

    Galaxy S21 sales are estimated to be 40 per cent larger than those of the Galaxy S20, which sold about 1.7 million units last year, according to market tracker Counterpoint Research.
  • Pichai commits $150 million for equitable access to Covid vaccines

    "We'll invest another $50 million in partnership with public health agencies to reach underserved communities with vaccine-related content and information," Pichai said in a statement.
  • iPhone 13 may come with smaller notch, better cameras

    According to the sources, the next-generation iPhones' Face ID system will see some design changes with the size of the notch at the top of the screen to shrink and their ultrawide angle lens upgraded from 5P to 6P
  • Rupee rises for 5th straight session, settles 3 paise higher at 72.94

    Mumbai: The rupee rose by 3 paise to settle at 72.94 (provisional) against the US dollar on Monday, extending its gains for the fifth straight session despite heavy selling in the domestic equity market. At the interbank forex market, the rupee opened at 72.95 against the American currency, and hit an intraday high of 72.89 […]
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