Paytm partners with StockHolding Corp. to provide payment gateway services
Paytm has come into partnership with StockHolding Corporation of India to provide payment gateway services on its platform to website and to its five crore customers.
Latest Articles by Chittesh Dalmia
Q1 FY21 Results: Lux Industries posts profit of Rs 31.19 crore, rises 66% YoY
Lux Industries Ltd. has reported total income of Rs 247.19 crore during the period ended June 30, 2020 as compared to Rs.288.24 crore during the period ended March 31, 2020. The company has posted net profit of Rs 31.19 crore for the Q1 FY21 period.
Food-tech startup, Daalchini raises Rs 5 crore in seed round led by Artha Venture Fund
Delhi based Daalchini, a vending machines food-tech startup, has raised Rs 5 crore in a pre-Series A (seed) round led by Artha Venture Fund (AVF). Some of the investors who participated in this round include Ajay Kaul, former CEO of Jubilant Foodworks; Ashutosh Valani and Priyank Shah, Co-founders of Beardo that was recently acquired by Marico.
Tata Steel, Jaguar Land Rover not likely to qualify for emergency funding by UK government
Talks between Jaguar Land Rover and Tata Steel with the United Kingdom (UK) government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business.
SoftBank invests $1.1 Billion in WeWork
SoftBank Group Corp. is investing $1.1 billion to its WeWork business as the company faces tough sustainability in the coronavirus pandemic.
US President Donald Trump gives 90 days deadline to ByteDance to divest stake
President Donald Trump gives TikTok's ByteDance 90 days to divest itself of assets used to support the popular TikTok app in the United States.
SEBI imposes penalty on LIC, SBI, BoB over non compliance of 10% stake in UTI mutual fund
Securities and Exchange Board of India (SEBI) on Friday imposed a penalty of Rs 10 lakh each on Life Insurance Corporation of India (LIC), State Bank of India (SBI) and Bank of Baroda (BoB) for failing to bring down their stake below 10 per cent in UTI Mutual Fund (MF) within the stipulated time period.
GoAir appoints Kaushik Khona, CEO with immediate effect, Vinay Dube ceases to hold post
GoAir today announced that Vinay Dube has ceased to be its CEO, and has been replaced by Kaushik Khona, who returns to the post after nine years. Vinay Dube, the former CEO of Jet Airways, had joined GoAir in February 2020. Initially, he was serving as an advisor to the carrier.
Q1 FY21 Results: Hindalco posts consolidated loss of Rs 709 crore, revenue declines 26%
Hindalco on Friday posted a standalone loss of Rs 40 crore for the quarter ended June 30. It had reported a profit of Rs 23 crore in the corresponding quarter last year. On a consolidated basis, the company posted a loss of Rs 709 crore against a profit of 1,063 crore a year ago. Revenue from operations declined 15.64% YoY to Rs 25,283 crore.
Amazon India to sell medicines through online pharmacy store in Bengaluru
E-commerce giant AmazonInc said it will launch an online pharmacy in India that will serve the city of Bengaluru, moving to widen its reach in a key growth market.
Q1 FY21 Results: Shriram Transport profit declines 50% to Rs 320.06 crore
Chennai based NBFC Shriram Transport Finance Company (STFC) reported a 50% decline in consolidated net profit at Rs 320.06 crore in the first quarter ended June. The company had posted a net profit of Rs 634.25 crore in the same quarter a year ago.
DoT to provide 5G spectrum waves by September; Nokia, Ericsson may lead trials
The Department of Telecommunications (DoT) is expected to provide the spectrum waves needed by telecom service providers for testing their 5G networks, by September.
NBFC Eduvanz raises $5 million from Sequoia Capital in Series A round
Mumbai based NBFC Eduvanz, which specialises in education financing and FinTech, has raised $5 million in a series A round led by venture capital firm Sequoia Capital India.
Reliance Industries likely to invest in ByteDance’s TikTok India business
China's ByteDance is in talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India.
Unacademy to bid for IPL 2020 title sponsorship, already a central sponsor
Education technology frontrunner Unacademy, which is already one of IPL's central sponsors, is eyeing the league's title sponsorship rights now and is set to submit its bid.
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