Sector: All Sectors
SC rules in favour of Amazon against Future-Reliance merger deal
The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited (FRL)and Reliance Retail. A Bench of Justices Rohinton F. Nariman and B.R. Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator (EA) award, which restrained Future Retail Limited (FRL), India’s second … Read more
There’s nothing alarming about rise in MSME bad loans: RBI
The Reserve Bank on Friday allayed the fears of lenders about the rising delinquency levels among small business loan borrowers, who are hit hard by the Covid-19 second wave, saying the numbers are not alarming yet. The government and the central bank push to support MSMEs during the pandemic through credit measures like the emergency … Read more
Sebi looks to do away with promoter concept
With the definition of a promoter undergoing a change as a large number of private equity and venture fund-led companies are getting listed on the bourses, Sebi has decided to do away with this traditional concept. The Sebi board on Friday gave its nod to start the process of changing the concept of ‘promoters’ to … Read more
Facing problems with faceless assessment? I-T Dept issues 3 email IDs for registering grievances
“In a move aimed to further improve taxpayer services in alignment with the Taxpayers’ Charter, the Income Tax Department creates dedicated e-mail ids for registering grievances in respect of pending cases under the Faceless Scheme,” the tax department said in a statement on Saturday. Grievances related to the faceless assessment process, penalties and appeals can … Read more
Founded by Sequoia alums, Drive Capital is nabbing stakes in hot startups using a secret weapon: an AI tool called Herbie
Drive Capital created an artificial intelligence tool named Herbie to help find great companies. Herbie uses data to create a daily digest of startups that it thinks are worth a second look. Masha Khusid, a partner at Drive, says the tool helps the partners close deals faster. Masha Khusid, a partner at Drive Capital, opens … Read more
Nykaa IPO: first profitable unicorn, led by women, to tap public markets
India’s first women led profitable unicorn startup is going in for its initial public offering. Nykaa, the online beauty aggregator is looking to raise Rs 525 crore via fresh equity issuance. According to media reports the company intends to raise a total of Rs 4,000 crore. According to the company’s draft red herring proposal (DRHP) … Read more
NHAI’s borrowing increased 4-fold in 5 years
The total borrowings of the National Highways Authority of India (NHAI) has increased four-fold in the past five years, the highways ministry told Rajya Sabha on Monday. Till this March end, the cumulative borrowing stood at approximately Rs 3.1 lakh crore compared to Rs 74,742 crore in March 2017. In a written reply to a … Read more
Google just unveiled its first smartphone chip, signaling its biggest challenge yet to Apple and Samsung. Here’s what it means for the Pixel 6.
Google unveiled its first chip made specifically for its Pixel phones on Monday. The chip, called Tensor, should bring better AI performance to Google’s new phones. Google is following Apple’s strategy by making its own smartphone chips. Google’s first gambit to challenge Apple and Samsung’s dominance of the smartphone industry came in 2016, when it … Read more