Sunday, January 24, 2021

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Paytm CEO, Vijay Shekhar Sharma to acquire Raheja QBE for Rs 568 crore

Paytm and its CEO Vijay Shekhar Sharma will acquire Raheja QBE, a Mumbai-based private sector general insurer, for almost Rs 568 crore to extend the digital transactions company's financial offerings. Raheja QBE is 51 percent held by Prism Johnson and...

ICICI Bank plans to raise almost $3 billion through equity sale

On Sunday, private lender ICICI Bank announced that its board would gather on July 8 to consider raising funds through an equity share sale as it visions to strengthen its balance sheet further. This is the third-sized private moneylender after...

Bharti Airtel plans to launch own video conferencing platform to take on zoom, jiomeet

Bharti Airtel Ltd intends to begin its own combined video conferencing service to hit the expanding market for such platforms that already have players such as Microsoft Teams, Zoom, Google Hangouts and the latest JioMeet. As per some internal sources,...

Bharat Bond ETF second cycle launched, base issue size of Rs 3,000 crores

On Friday, Edelweiss Mutual Fund started the second cycle of the Bharat Bond exchange-traded fund (ETF) for an initial capacity of Rs 3,000 crore, with a choice to retain oversubscribing of up to Rs 11,000 crore. In February, Finance Minister...

RBI fixes Gold bond issue price at Rs 4,852 per gm

The issue price for the Sovereign Gold Bond has been set at Rs 4,852 per gram of gold, the Reserve Bank of India stated in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21-Series IV will be prepared for...

Amdocs’ software vertical in India to lay off 1,000 employees : Report

On Thursday, the media proclaimed that US-based software and communications service provider Amdocs is laying off around 1,000 employees in the midst of difficulties circling the financial restoration due to the ongoing Covid-19 pandemic. As per one of the reports...

Sunil Mittal’s Bharti Enterprises wins the bid for SoftBank-Backed OneWeb

A U.K. government consortium, led by an assembly of Sunil Mittal's Bharti Enterprises Ltd., has acquired the bid for OneWeb, an insolvent satellite firm whose investors include Japan's SoftBank Group Corp. Bharti Global Ltd. and the U.K. government will...

UPMRC awards combined metro train, CBTC contract for Agra, Kanpur

State scheme promoter Uttar Pradesh Metro Rail Corp has granted Bombardier Transport India a deal to supply 67 three-car train sets as well as communications-based train control for the metro projects in the cities of Kanpur and Agra. Stating the...

As IT sector looks for revival, Cognizant lays off thousands of employees on the bench

Nasdaq-listed IT services firm Cognizant Technology Solutions Corp. has laid off thousands of employees on the bench who were not actively involved in any client projects. In IT services companies, employees on the bench are considered "non-billable" resources as their...

Intel Capital invests ₹1,894 crore in Jio Platforms

Reliance Industries Limited and Jio Platforms Limited stated today that Intel Capital will finance ₹ 1,894.50 crores in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise price of ₹ 5.16 lakh crore. Intel...

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Hyundai To Launch N-Line Series In India, i20 N-Line To Come By Q2 2021

Hyundai has finally decided to enter the performance car market in India with its N-Line range. Many other carmakers...

Honda To Launch City Hybrid Soon, Expected To Return More Mileage

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2021 KTM Duke 890 Unveiled, Expected To Launch In India By Q4 2021

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Tata Altroz iTurbo Breaks Cover, Price Starts At INR 7.74 Lakh Onwards

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Skoda Karoq To Return Soon Via The CKD Route: Sources

According to the sources, Skoda is all set to return with the Karoq SUV for India. However, this time the Czech carmaker is expected to...