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Walmart owned phonePe to acquire WealthDesk and OpenQ for $ 75 million-thumnail

Walmart owned phonePe to acquire WealthDesk and OpenQ for $ 75 million

Bengluru-based firm PhonePe is scaling up its financial services and wealth management services, and these 2 acquisitions are part of the firm plans to diversify its services, according to people

Industry

May 18, 2022

Vedantu lays off 424 7% of the company amid citing capital scarcity-thumnail

Vedantu lays off 424 7% of the company amid citing capital scarcity

Vedantu had earlier fired 200 of its contractual and full-time employees, amid cratering demand for online education, owing to the opening up of offline schools and institutes The Tiger Global-backed

News

May 18, 2022

Market close: Amid volatility market ends marginally lower; Nifty below 16, 250-thumnail

Market close: Amid volatility market ends marginally lower; Nifty below 16, 250

Description-: Investors were bullish on FMCG and Pharma, while selling was seen in the bank, capital goods, realty, IT, metal, PSU Bank, etc. Indian benchmark indices ended with marginal losses

BFSI

May 18, 2022

SEBI proposes to ban celebrity endorsement of Cryptos and other VDA’S-thumnail

SEBI proposes to ban celebrity endorsement of Cryptos and other VDA’S

SEBI reportedly said to the parliamentary committee that, “Given that crypto products are unregulated, prominent public figures including celebrities, sportsmen, etc. or their voice shall not be used for endorsement/advertisement

Finance

May 18, 2022

<strong>Delhivery IPO: Profile, share allotment, listing, GMP.</strong>-thumnail

Delhivery IPO: Profile, share allotment, listing, GMP.

The Delhivery IPO, which is the second biggest for Dalal Street in the calendar year 2022 (CY22) after LIC, expects to raise Rs 5,235 crore from the maiden offer, with

Finance

May 18, 2022

<strong>Pawan Hans divestment sale put on hold; NCLT order against highest bidder being examined.</strong>-thumnail

Pawan Hans divestment sale put on hold; NCLT order against highest bidder being examined.

The government had in December last year received three bids for the Pawan Hans sale. Star9 Mobility had quoted Rs 211.14 crore for Pawan Hans, which was above the Reserve

Industry

May 18, 2022

GST filing deadline for April extended till 24th May amid GSTN glitches-thumnail

GST filing deadline for April extended till 24th May amid GSTN glitches

The Centre has extended the due date for filing April GSTR-3B as taxpayers faced technical glitches on the GST portal. “The due date for filing FORM GSTR-3B for April 2022

Finance

May 18, 2022

<strong>RBI rejects 6 bank applications as not suitable under the Guidelines for ‘on tap’ Licensing; 5 others being examined. </strong>-thumnail

RBI rejects 6 bank applications as not suitable under the Guidelines for ‘on tap’ Licensing; 5 others being examined. 

Description-: The Reserve Bank had received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks; six are already rejected,

Finance

May 18, 2022

Bharti Airtel Q4 results: beats market estimates with 164.5 percent year-on-year jump in consolidated net profit at Rs 2,008 crore.-thumnail

Bharti Airtel Q4 results: beats market estimates with 164.5 percent year-on-year jump in consolidated net profit at Rs 2,008 crore.

The company reported consolidated revenue from operations of Rs 31,500 crore for the quarter ended March 31, compared with Rs 25,747 crore in the same period last year, according to

News

May 17, 2022

SS Mundra, ex RBI deputy governor, appointed BSE chairman-thumnail

SS Mundra, ex RBI deputy governor, appointed BSE chairman

BSE, which was earlier called the Bombay Stock Exchange, has decided to appoint Public Interest Director SS Mundra as its new Chairman. However, his appointment is subject to the approval

Finance

May 17, 2022

Paytm mall’s out of the unicorn club; valuation plummets 99.5%-thumnail

Paytm mall’s out of the unicorn club; valuation plummets 99.5%

Paytm Mall is buying back 43.2% shares held by Alibaba and Ant Financials for INR 42 Cr. The exit of the early investors has plummeted the valuation of Paytm Mall

Finance

May 17, 2022

Quintillion Business Media shares up 9% as Adani group buys 49% stake-thumnail

Quintillion Business Media shares up 9% as Adani group buys 49% stake

The Adani Group company Adani Enterprises forayed into the media business by acquiring an unspecified minority stake in Quintillion Business Media earlier this year. Whatever Adani touches, turns to gold.

Finance

May 17, 2022


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