RBI decided to keep the benchmark repo rate unchanged at 4%
The Reserve Bank of Indian (RBI) on Thursday decided to keep the benchmark repo rate unchanged at 4 per cent, already at the lowest since 2000, and reverse repo rate…
BYJU’s acquires code training app WhiteHat Jr for $300 million
Online education platform Byju’s has acquired Mumbai-based education technology (edtech) start-up WhiteHat Jr in an all-cash deal worth $300 million. The acquisition marks Byju’s entry into the fast-growing computer code…
ITC’s annual consumer spend across 25 brands crosses Rs 19,700 crore
The annual consumer spend across ITC’s 25 mother brands in the non-cigarette FMCG space has crossed Rs 19,700 crore in the financial year ended March 2020, with Aashirvaad atta, Sunfeast…
Ford announces Jim Farley as new CEO of the company
Ford announced Tuesday that Jim Hackett would resign as chief executive and be replaced by longtime auto executive Jim Farley as the car giant pushes further into digital and electric…
HDFC Bank surges 5% as RBI approves appointment of the new CEO
Shares of HDFC Bank jumped 5 per cent after the search for the new head of the lender came to an end and the Reserve Bank of India (RBI) also…
UPI transactions hit a new high of 149 crore in July with transaction value of Rs 2.91 lakh crore
The number of payments transacted on Unified Payments Interface (UPI) hit an all-time high of 149 crore (1.49 billion) in July this year, with the value of transactions reaching Rs…
Chinese artificial intelligence company files $1.4 billion lawsuit against Apple
Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i, has filed a lawsuit against Apple Inc, alleging it has infringed on its patents. The…
Airlines unlikely to refund Rs 3,000 crore to passengers
People who were issued credit shells against tickets cancelled for flights during and after the national lockdown may have to hold on to them longer, as cash-strapped airlines are unlikely…
Amazon to invest $10 bn in space-based internet system
The Federal Communications Commission declared on Thursday that Amazon may build its ambitious satellite internet system, which would compete with SpaceX's Starlink network. Amazon's project, known as Kuiper, would see…
Tata Capital to pick minority stake in Biocon Biologics for Rs 225 Crore
Private equity (PE) player Tata Capital is set to pick up a minority 0.85 per cent stake for $30 million in the biologics arm of biopharmaceutical major Biocon, the Bengaluru-based…
