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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

Talks around wheat; Ban, price hike, and low production-thumnail

Talks around wheat; Ban, price hike, and low production

The world’s 2nd largest producer of wheat said that traders could only enter into new export deals with express government approval. However, requests approved by New Delhi from other governments

News

May 17, 2022

Historic, as exchanges witnesses India’s biggest market listing and way forward-thumnail

Historic, as exchanges witnesses India’s biggest market listing and way forward

On the NSE, the insurance behemoth’s listing price was ₹ 872, indicating a discount of 8.11 percent from the issue price of ₹ 949 per share. According to the NSE,

Finance

May 17, 2022

The Reserve bank will hike interests by another 75 basis points by August 2022-thumnail

The Reserve bank will hike interests by another 75 basis points by August 2022

Rating agency “Icra” foresees a high likelihood that the MPC will raise the repo rate by 40 bps and 35 bps, respectively, over the next two policies (scheduled in June

Finance

May 17, 2022

90% of Zerodha’s team to permanently work from home; Core team to work hybrid-thumnail

90% of Zerodha’s team to permanently work from home; Core team to work hybrid

Nithin Kamath, CEO and co-founder of Zerodha, announced that nearly 950 of the company’s 1100 employees would work from home permanently. According to CEO and co-founder Nithin Kamath, over 950

Finance

May 16, 2022

World’s most valuable company, Saudi Aramco, reports an 80% jump in profits-thumnail

World’s most valuable company, Saudi Aramco, reports an 80% jump in profits

On Sunday, oil giant Aramco announced a more than 80% jump in net profit, exceeding analyst expectations and setting a new quarterly earnings record since its IPO. Saudi Aramco has

Industry

May 16, 2022

Adani Group’s media arm, to acquire a 49% stake in Quintillion Business Media Limited (QBML)-thumnail

Adani Group’s media arm, to acquire a 49% stake in Quintillion Business Media Limited (QBML)

A shareholders’ agreement has been signed to this effect with Quintillion Media Limited (QML) and Quintillion Business Media Limited (QBML). AMG Media Networks Limited, a subsidiary of the Adani group

Industry

May 16, 2022

ATF fuel prices hiked by 5 percent in the capital, taking it to Rs. 1.23 lakh per kiloliter-thumnail

ATF fuel prices hiked by 5 percent in the capital, taking it to Rs. 1.23 lakh per kiloliter

Description-: Jet fuel makes up 40 percent of the running cost of an airline. ATF prices went up every fortnight since the beginning of 2022. Fuel rates have been hiked

Industry

May 16, 2022

Adani wins the race for a controlling stake in Holcim’s Ambuja-thumnail

Adani wins the race for a controlling stake in Holcim’s Ambuja

Holcim’s plan to exit the market comes as it plans to diversify from its core business of cement and aggregates to focus more on building technology amid enhances the emphasis

Industry

May 16, 2022

The Indian rupee is hitting all-time lows, Impact on people-thumnail

The Indian rupee is hitting all-time lows, Impact on people

Indian currency hit 77.55 INR this Thursday, leaving a direct impact on the Reserve of the central bank, prices of goods, trade, and equities. Indian rupee nosedived hitting an all-time

Finance

May 13, 2022

Google updates its developer policy; personal loan apps must now provide additional proofs, and call recording via the accessibility API is now prohibited.-thumnail

Google updates its developer policy; personal loan apps must now provide additional proofs, and call recording via the accessibility API is now prohibited.

Google has updated its Google Play developer policy, which became effective on Wednesday, May 11th. Personal loan apps and Accessibility API usage have been addressed. Google has updated its Google

Finance

May 13, 2022


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