BUSINESS
OYO appoints Rakesh Prusti as General Counsel
Hospitality startup OYO which is in talks to raise a fresh round of funding on Tuesday said it has appointed Rakesh Prusti as its General Counsel.
BUSINESS
JSW Steel invests $1 billion in US plants, hints at more
Decision to triple output at its Texas plant and acquisition of another facility in Ohio has taken the total planned investment in the US to $1 billion
BUSINESS
L&T Infotech opens new global delivery centre in Johannesburg, South Africa
With an area of over 30,000 square feet, the center with will help the company expand its operations in South Africa across all sectors
INDIA
Hindi most spoken language in India, followed by Bengali and Marathi: Report
Taking the third spot on the list is Marathi while Telugu comes in fourth
STARTUP
Myntra EORS: Sales jump 47% YoY on 2.8 million orders
Two million people shopped for 9 million products across Myntra and Jabong, making it the largest fashion and lifestyle sale in the country.
BUSINESS
Buy Avanti Feeds, target Rs 1901: ICICI Securities
With strong financials, the domestic brokerage firm expects Avanti’s earnings growth to resume in FY20E after a decline in FY19E due to lower margins.
BUSINESS
IDBI Bank shares shed 8% on report it could become LIC subsidiary
Sources told CNBC-TV18 that LIC board has finalised financial conglomerate vision with all financial services under one umbrella, saying IDBI Bank will be a subsidiary of the insurance major.
BUSINESS
TCI, Axon accuse Indian real estate company of $1.5 billion fraud: Report
Both hedge funds had initially estimated the fraud at $147 million, but raised the estimate at a meeting on Monday
BUSINESS
India’s top cryptocurrency exchange is urging users to withdraw funds
RBI, in a circular issued in April, had banned entities under its regulation from conducting any business with cryptocurrency firms
BUSINESS
Jubilant Life Sciences up 4% as board approves raising upto Rs 350cr via NCDs
The proceeds would be mainly utilised for repayment of the existing debt and to reduce the overall cost of borrowing.
TECHNOLOGY
IIT-Roorkee students develop 'airbag for bikers'
The inflatable helmet is being designed to act in less than 100 milliseconds by checking on the acceleration, lean angle and other riding factors.
WORLD
Microsoft Edge browser apps for Android and iOS to boast of Adblock Plus
The adblocker does not require a separate add-in to install and download, and can be easily enabled in the Microsoft Edge settings.
BUSINESS
Jet Airways loses over 4% after it rolls out discount offers of up to 30% on international routes
Meanwhile, domestic flights can be booked at a discount of up to 25 percent for domestic flights for bookings till June 30.
BUSINESS
Cigna TTK Health Insurance appoints Prasun Sikdar as MD and CEO
The new MD has more than 22 years of experience in financial services and insurance
INDIA
Superior not guilty if employee kills self due to workload: Supreme Court
The issue came to light when a Maharashtra government employee named Kishor Parashar killed himself in August 2017
BUSINESS
Apple could partner with 'rival' Samsung for A13 SoCs in iPhone 2019 models
Rivals Samsung and Apple have not worked with each other for the past three years, however both the technology giants have achieve their individual pinnacles of innovation.
BUSINESS
Amazon launches Rs 129 monthly plan to increase Prime membership numbers
Amazon has also joined hands with telecom firms Vodafone and Airtel to offer Prime memberships.
BUSINESS
India may get rid of extreme poverty by 2030, under 3% to remain poor by 2020: Report
About 44 Indians come out of extreme poverty every minute, one of the fastest rates of poverty reduction in the world
BUSINESS
Gateway Distriparks to increase stake in subsidiary; stock up 4%
The company is acquiring the entire CCPS and equity shares held by Blackstone in Gateway Rail Freight for cash consideration of Rs 810 crore.
BUSINESS
Apple's new patent targets handwriting recognition technology for iPad
Initial reports and impressions suggest that the technology will be highly effective with Chinese languages, as it is meant for stroke-based handwriting.
BUSINESS
After Mi and Redmi, Xiaomi to launch 'POCOPHONE' brand: Report
Apart from filing for a trademark for the new brand, Xiaomi already has a new phone listed under the banner
BUSINESS
Jefferies maintains buy on Voltas; Q1 to see at least 10% YoY industry growth
According to Jefferies the first quarter should see at least 10 percent YoY industry growth.
INDIA
Indian Robinhood? Man arrested for stealing Rs 80 lakh from Mumbai firm; organised lavish feast for poor in Vrindavan
The police also recovered Rs 10.68 lakh along with 118 grams of gold jewellery and five cell phones.
BUSINESS
Max Life expects market to consolidate going forward, names 4 sectors to watch out for
For an investor in mutual funds, Mihir Vora suggests on looking at things from a long term perspective.
