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<strong>US-based S&P Global affirms ICICI Bank’s ‘BBB-‘ rating on improved asset quality with a stable outlook</strong>-thumnail

US-based S&P Global affirms ICICI Bank’s ‘BBB-‘ rating on improved asset quality with a stable outlook

ICICI Bank will maintain its strong market position and market capitalisation over the next 12-18 months, S&P Global Ratings said on Monday, and affirmed its long-term issuer credit rating ‘BBB-‘

Finance

Jun 29, 2022

<strong>Government to impose ban single-use plastic from 1st July 2022: Union Environment minister</strong>-thumnail

Government to impose ban single-use plastic from 1st July 2022: Union Environment minister

With the ban on single-use plastic coming into force on July 1, the government will be setting up control rooms at national and state levels to ensure its effective enforcement,

Industry

Jun 29, 2022

Home sharing company Airbnb permanently bans parties at homes listed on site-thumnail

Home sharing company Airbnb permanently bans parties at homes listed on site

Airbnb placed a ban on party houses and rolled out several safety features in 2019 after five people were killed in a shooting at one of its bookings. In 2020,

News

Jun 29, 2022

Silbermann steps down as Pinterest’s CEO, Google’s Bill Ready to takeover-thumnail

Silbermann steps down as Pinterest’s CEO, Google’s Bill Ready to takeover

Pinterest has long seemed like a missed opportunity to investors. It’s a platform with hundreds of millions of users that isn’t growing that fast or making much money, even though

News

Jun 29, 2022

Edtech layoff carnage continues as WhiteHat Jr laysoff another 300 employees-thumnail

Edtech layoff carnage continues as WhiteHat Jr laysoff another 300 employees

The cost-cutting move comes roughly 45 days after 750 WhiteHat Jr employees resigned after the company asked them to relocate and return to their respective offices within a month. Edtech

Education

Jun 29, 2022

VC fund Bertelsmann India Investments raises $500 million in funding-thumnail

VC fund Bertelsmann India Investments raises $500 million in funding

BII plans to partner with existing top VCs and entrepreneurs to make selective Series A investments – both as lead or follow-on investments and make 3-4 such deals annually. Bertelsmann

Investment & Funding

Jun 29, 2022

Reliance Jio Board approves appointment of Akash Ambani as the new Chairman-thumnail

Reliance Jio Board approves appointment of Akash Ambani as the new Chairman

Akash was integrally involved in the global investments by tech majors and investors in 2020, which in many ways catapulted Jio onto the global investor map. In a significant succession

News

Jun 29, 2022

Zomato share tanks 14% post Blinkit acquisition over cash burn issues-thumnail

Zomato share tanks 14% post Blinkit acquisition over cash burn issues

Over the weekend, the company announced acquisition of loss-incurring firm Blinkit for Rs 4,447 crore. The payment will be settled through issue of around 629 million Zomato shares (around 6.88

News

Jun 28, 2022

<strong>Vehicle manufacturer Tata Motors to increase prices of commercial vehicles from July by up to 2.5%</strong>-thumnail

Vehicle manufacturer Tata Motors to increase prices of commercial vehicles from July by up to 2.5%

The country’s largest commercial vehicle manufacturer Tata Motors, on Tuesday, announced an increase in the prices of its commercial vehicles in the range of 1.5-2.5 per cent from July 1,

Automotive

Jun 28, 2022

Market regulator SEBI slams Aurbindo Pharma over non-disclosure of information about USFDA Audit-thumnail

Market regulator SEBI slams Aurbindo Pharma over non-disclosure of information about USFDA Audit

Aurobindo Pharma Limited is an Indian multinational pharmaceutical manufacturing company headquartered in HITEC City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients. Market regulator Sebi has issued

Finance

Jun 28, 2022

<strong>Vedanta to borrow 4809 crore through 10 year bonds, LIC likely to provide the capital.</strong>-thumnail

Vedanta to borrow 4809 crore through 10 year bonds, LIC likely to provide the capital.

Vedanta is planning to use the proceeds to prepay or repay existing debt and for capital spending. The last time Vedanta raised funds through local currency bonds was in December

News

Jun 28, 2022

<strong>Luxury fashion house raises $10 million, looks to expand its footprint globally</strong>-thumnail

Luxury fashion house raises $10 million, looks to expand its footprint globally

The funding round was led by angel investor Akash Bhansali, with participation from actor Madhuri Dixit Nene, Alpha Wave Global’s Navroz Udwadia, Sid Yog of Xander Group, among others. Purple

Industry

Jun 28, 2022


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