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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

<strong>Q1 in India saw 9.36 billion transactions worth a whopping Rs. 10.25 lakh crore.</strong>-thumnail

Q1 in India saw 9.36 billion transactions worth a whopping Rs. 10.25 lakh crore.

According to the report, UPI’s payment to merchant (P2M) transactions accounted for 64 per cent in volume and 50 percent in terms of the value of the total 9.36 billion

Finance

Jun 28, 2022

<strong>B2B lending </strong><strong>fintech startup Progcap raises $40M as part of Series C, google onboard too.</strong>-thumnail

B2B lending fintech startup Progcap raises $40M as part of Series C, google onboard too.

Founded in 2017 by Pallavi and Himanshu Chandra, the startup provides fast, flexible, and collateral-free loans to small businesses in lower-tier Indian cities, where retailers typically face challenges in accessing

Finance

Jun 28, 2022

Udaan fires 180–200 employees or 5% of its workforce to reduce costs-thumnail

Udaan fires 180–200 employees or 5% of its workforce to reduce costs

According to a person briefed on the situation, business-to-business (B2B) e-commerce startup, Udaan has laid off 180–200 employees, or 5% of its workforce. The company described the layoff as “unusual”

Industry

Jun 28, 2022

Starting today, Meta will roll out Instagram Reels APIs, with full availability by July 6-thumnail

Starting today, Meta will roll out Instagram Reels APIs, with full availability by July 6

According to Meta, all prior versions as well as the current version will support the Instagram Graph API. According to a statement from Meta, Reels APIs will be made accessible

Entertainment

Jun 28, 2022

4th-yr Engineering student rejects Amazon,Google; grabs ₹1.8 crore annual pacakge at Facebook-thumnail

4th-yr Engineering student rejects Amazon,Google; grabs ₹1.8 crore annual pacakge at Facebook

A 4th year Computer Science and Engineering at Jadavpur University Kolkata has secured a job at Meta owned Facebook with a whopping annual package of Rs 1.8 crore Bisakh Mondal,

Industry

Jun 28, 2022

Actor Ajay Devgan to endorse Go Gas, confidence Petroleum-thumnail

Actor Ajay Devgan to endorse Go Gas, confidence Petroleum

 “While I cherish entertaining the audience, ensuring that what I’m endorsing is valuable and credible has always been my first focus,” Ajay Devgn stated adding “With Confidence Group Gogas, I

News

Jun 28, 2022

Shapoorji Pallonji Group’s head Padma Shri Pallonji Mistry died last night in Mumbai-thumnail

Shapoorji Pallonji Group’s head Padma Shri Pallonji Mistry died last night in Mumbai

Pallonji Mistry, Chairman of the Shapoorji Pallonji Group died last night. The 93-year-old veteran industrialist breathed his last at his Mumbai residence. Shapoorji Pallonji group chairman and billionaire industrialist Pallonji

Finance

Jun 28, 2022


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