Paytm FY’20 revenue rises to Rs 3,629 crore, loss narrows by 40%
Financial services major Paytm has reported a 10 percent year-on-year growth in revenue to Rs 3,629 crore in financial year (FY) 2020, from Rs 3,319 crore in FY 2019. The…
Vodafone Idea May Get $4 Billion Investment From Amazon and Verizon
Amazon.com Inc. and Verizon Communications, the largest wireless carrier in the US, are set to resume talks to buy a significant stake in struggling Vodafone Idea Ltd for more than…
Unacademy raises $150 million led by SoftBank
India has a new unicorn startup. Edtech platform Unacademy has raised $150 million, led by SoftBank Vision Fund 2i , making its valuation to $1.45 billion. Existing investors are also…
SC grants 10 years to telecom companies for clearing AGR dues of Rs 1.5 lakh crore
In a big relief to telecom companies, the Supreme Court on Tuesday granted them 10 years time to clear AGR dues of around Rs 1.5 lakh crore to be paid…
GDP result Q1FY21: NSO declare GDP at -23.9%, worst contraction in 4 decades
As per the data released by the National Statistical Office (NSO), India’s Gross Domestic Product (GDP) for the April-June quarter (Q1) slipped sharply by 23.9%, this is the first economic…
Adani Group acquires 74 per cent stake in Mumbai International Airport
Gautam Adani-led Adani Group has acquired 74% stake in Mumbai International Airport Limited (MIAL) Adani Enterprises Ltd, through its subsidiary Adani Airport Holdings Limited (AAHL), has entered into an agreement…
Reliance Retail buys Future Group’s businesses for ₹24,713 crore
Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, said on Saturday that it was acquiring the Kishore Biyani-promoted Future Group's retail, wholesale, logistics, and warehousing businesses for Rs 24,713…
Banks Board Bureau recommends Dinesh Khara as next SBI chairman
The Banks Board Bureau (BBB) on Friday recommended Dinesh Kumar Khara as the Chairman of State Bank of India. The present Chairman Rajnish Kumar will demit office in little over…
Walmart joins Microsoft in bid for video app TikTok
The world's largest retailer made a joint bid with tech giant Microsoft to buy TikTok's US business. Walmart is the latest company to want a piece of TikTok, the popular…
CCI approves Carlyle’s 25% stake acquisition in Airtel’s data centre
The Competition Commission of India (CCI) approved the acquisition of compulsorily convertible preference shares and equity shares in Airtel’s data centre business, Nxtra Data, by the Carlyle Group’s Comfort Investments…
