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Home  Business

Business

Indian billionaires increased their wealth by 35% during Covid

Indian billionaires increased their wealth by 35% during Covid

  • ED raids 10 locations of Omkar group in Mumbai

    The official said that the group is alleged to have misused various permissions given under SRA schemes.
  • Bullet Train Project: Tender for undersea tunnel yet to be floated

    The official further said seven Indian companies had participated in the pre-bid meeting for constructing the underground station at BKC.
  • Uber lays off 185 workers at its food delivery service Postmates

    Uber acquired Postmates in July last year for $2.65 billion, after it failed to buy rival food delivery service Grubhub.
  • ‘FDI in India rose by 13% in 2020, as inflows declined in major economies’

    The decline in FDI inflows was concentrated in developed countries, where fund flows fell by 69 per cent to an estimated USD 229 billion.
  • OnePlus Buds Z limited edition launched in India

    "For our users who are looking for the right combination of great sound quality and aesthetic design, the OnePlus Buds Z Steven Harrington Edition will prove to be a valuable addition,'' said Pete Lau
  • Rupee rises 4 paise to 72.93 against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.13 per cent to 90.12.
  • Tesla sues ex-employee for allegedly stealing trade secrets

    The lawsuit against Alex Khatilov alleged that he stole filed from Tesla's internal Warp Drive software.
  • FreshToHome plans rapid expansion

    To be present in 56 cities in India and foray into Saudi Arabia in next 12-24 months
  • Hyderabad-based Pax Credit raises $1.2 lakh seed fund

    Pax Credit is now part of the 2021 class of Hub 71 Accelerator, which helps startups develop products faster and adopt the go-to-market strategies
  • Reliance spins off oil-to-chemical unit

    To include oil refinery, petrochemical assets and retail fuel business
  • Bad loans may rise after SC order: Yes Bank

    The GNPA ratio may shoot up to touch 20 per cent of the overall assets once the Supreme Court order on bad asset recognition comes in
  • Exim Bank to raise 3 billion USD through bonds

    "In the remaining part of FY21, we will not be raising much of bonds. But the next fiscal year, we will need to raise $2.5-3 billion," said the Exim Bank MD, David Rasquinha
  • Cairn shareholders ask India to honour arbitration award

    Cairn, which on this day seven years back was first slapped with a retrospective tax assessment, is three-fourth owned by world's top investors with $529 billion MFS Investment Management of US being its largest investor with 14.02% stake
  • iOS 15 may drop support for iPhone 6, 2016 iPhone SE

    According to the report from the French news website iPhoneSoft, Apple's iOS 15 update will seemingly drop support for devices with an A9 chip when it launches later in 2021.
  • LG may exit smartphone market but it’s not game over

    New Delhi: The mobile business of LG Electronics has been in the red since the second quarter of 2015. Its accumulated operating loss reached nearly $4.5 billion last year and now, the South Korean company is planning to exit from the competitive smartphone market. LG has been quite brave with its recent mobile forays, experimenting with […]
  • Asset quality stress touches ‘peak’, GNPAs may rise after SC order: Yes Bank

    The bank had said that a total of over Rs 18,551 crore of its Rs 1.69 lakh crore of advances were in some stress as of December 31, 2020.
  • Markets may remain volatile in holiday-shortened week: Analysts

    Among major earnings to focus on this week are from UCO Bank, Axis Bank, Bank of Baroda, Canara Bank, Hindustan Unilever Limited, Lupin, Maruti Suzuki India and Tata Motors.
  • eGrocery to grow 8X in 5 years in India, JioMart big gainer

    As companies from Reliance to BigBasket put their top dollar in serving daily grocery at your doorsteps, online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024.
  • FTCCI awards presented to industries on Jan 23

    Hyderabad: The Federation of Telangana Chambers of Commerce and Industry (FTCCI) Excellence Awards were presented by Telangana Industries and IT Minister KT Rama Rao on Saturday. FTCCI instituted Excellence Awards for industries in the year 1974 with just two categories. With the advent of large scale industrial development and emergence of new businesses, the number […]
  • Telangana needs industrial corridors: KTR

    Seeks Centre's support to Pharma City, Kaleshwaram Project, Electronic manufacturing clusters.
  • Tata Power Solar wins Rs 1,200 cr order

    Tata Power Solar, India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received a "Letter of Award (LoA)" to build 320 MW of ground mounted Solar PV project for NTPC, a company statement said.
  • UltraTech Cement Q3 profit jumps two-fold

    UltraTech Cement's total expenses were at Rs 10,190.03 crore in the third quarter of financial year 2020-21, as against Rs 9,611.08 crore, down 6.29 per cent. During the quarter, it had a volume growth of 14 per cent to 22.82 million tonne, it said.
  • Apollo Hospitals raises Rs 1,170 cr through allotment of shares to QIBs

    New Delhi: Healthcare major Apollo Hospitals on Saturday announced raising Rs 1,170 crore through allotment of shares to the qualified institutional buyers (QIBs). The Fund Raising Committee on Saturday “approved allotment of 46,59,498 equity shares of face value Rs 5 each to eligible qualified institutional buyers at the issue price of 2,511 per equity share, […]
  • USENET could help MSMEs scale up

    Potential to create 56.9 million new jobs and impact 80 million microenterprises in ten years.
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