BUSINESS
IPL 2022 | Schneider Electric, Rajasthan Royals join hands for first carbon-neutral cricket match on May 11
With this tie-up, the Rajasthan Royals players will play a pivotal role in transforming cricket into an environmentally friendly game and help offset carbon footprint by promoting Schneider Electric's mission to plant 17,000 trees nationwide.
BUSINESS
Crypto volatility and govt's wariness: Will it find legitimacy in 2022?
Investment in cryptos burgeoned by almost 400%, surging from $923 million in April 2020 to almost $6.6 billion in May 2021. However, with sustainability concerns, RBI having doubts and the Finance Ministry uncertain, crypto legalisation may take some more time.
BUSINESS
In-Depth | Energy crisis: What has fuelled India’s unprecedented coal shortage?
As of October 6, eighty percent of India’s 135 coal-powered plants had less than eight days of supplies left, and more than half of those had stocks worth two days or fewer. So what went wrong? Here, Moneycontrol examines the issues that led to the coal shortage in India, the world’s third-largest importer, despite having large proven reserves.
BUSINESS
Facebook's Oversight Board releases quarterly transparency report, says company wasn’t ‘forthcoming’
The board commented that Facebook 'failed to provide relevant information to the Board' on issues of how the social media company makes decisions and allow some high-profile users to be exempt from content restrictions.
BUSINESS
Zee board backs Ashok Kurien, Manish Chokhani
Statement condemned allegations made by proxy advisors against Chokhani and Kurien.
BUSINESS
Technical glitch hits Ola Electric’s online sale of electric scooters
Company sets Sept 15 as new date. The online sale model was meant to home-deliver its newly launched electric scooters -- the S1 and the S1 Pro.
BUSINESS
Myntra, Flipkart announce partnership with iconic British sports brand Slazenger
Under the partnership, Myntra and Flipkart will make Slazenger’s product range available on their platform, strengthening its presence in India.
BUSINESS
EV maker Ultraviolette to set up motorcycle facility in Bengaluru
The new facility is spread over 70,000 square feet and will manufacture 15,000 F77 motorcycles in the first year and scale up to an annual capacity of 120,000 units
BUSINESS
Healthium Medtech acquires CareNow Medical to boost presence in infection prevention segment
By acquiring CareNow Medical Private Limited, Healthium has strengthened its portfolio in manufacturing and R&D capabilities.
BUSINESS
CBDT extends due dates for electronic filing of various forms under Income Tax Act: Here are all details
The deadlines were extended by CBDT after taxpayers and other stakeholders raised complains about facing difficulties in electronic filing.
BUSINESS
Sovereign Gold Bond Series VI opens on August 30: What is it, who can buy, benefits, discounts and other details
The SGB will be open for 5 days from August 30 to September 3, 2021 at Rs 4,732 per bond and the certificate of bond(s) will be issued on September 7. A discount of Rs 50 is also on offer, if using a digital payment mode.
BUSINESS
Piyush Goyal calls on traders to make India global 'trading hub' where world comes to 'shop'
India emerged as the world’s second most desirable manufacturing destination overtaking the US, which shows the potential and promise of India to become the 'manufacturing hub' of world, added the release.
BUSINESS
Myntra partners London-based digital fashion brand Urbanic
The new collections -- including tops, denims, winter wear, lingerie, swimwear and accessories -- will be available on Myntra from September 1.
BUSINESS
Religare Broking partners Vested Finance to introduce investment in foreign equities on its platform
With this partnership, Religare Broking will enable investors to directly invest in US stocks that they consume on a regular basis including Apple, Amazon, Netflix, Facebook, etc.
BUSINESS
Adani Road Transport acquires 49% stake in MBCPNL for Rs 1,680 crore
MBCPNL is an important gateway connecting Maharashtra with 6 neighbouring states, which covers over 20 percent of the commercial road traffic in India.
BUSINESS
PGIM India Mutual Fund’s Small Cap Fund garners Rs 578 crore in NFO
The NFO received over 37,000 applications and was distributed by more than 3,000 partners.
BUSINESS
PF withdrawal rule: Here's how to get Rs 1 lakh medical advance instantly
The new EPFO circular outlines the treatment conditions under which it will be given and defines the ambit within which the medical advance falls. Covid-19 related treatments has recently been included in the list.
BUSINESS
PM Narendra Modi to launch new digital payment solution e-RUPI on August 2
Apart from being a cashless and contactless instrument for digital payment, e-RUPI is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
BUSINESS
COVID-19 update | Pfizer to start trial of updated version to tackle Delta variant
Pfizer and BioNTech initiated a Phase 2/3 study in June 2021 to further evaluate the safety, tolerability and immunogenicity of BNT162b2 vaccine in preventing COVID-19 in healthy children aged 6 months to 11 years.
BUSINESS
IIT Hyderabad-incubated electric vehicle startup PURE EV offers new ‘warranty extension’ policy
The firm will covers key power-train components -- including battery, motor, and controller -- for all its current models under its ‘warranty extension’ policy.
BUSINESS
Quick service restaurant player Devyani International gets SEBI approval for IPO
Kotak Mahindra Capital Company Ltd, CLSA India Pvt Ltd, Edelweiss Financial Services Ltd, Motilal Oswal Investment Advisors Ltd have been appointed as investment bankers to the issue.
BUSINESS
Capital India to invest $25 million in education lending fin-tech platform Credenc
With the new investment, Capital India is mulling to enable digital financial products and services to Indian customers, while Credenc is looking to build a book of Rs 3,000 crore by 2025.
BUSINESS
In-Depth | Future of offices in post-pandemic India: WFH or WFO?
Companies are evaluating a hybrid model as an alternative to working from home and working in office. For some, that may not be feasible because of the need for face-to-face interactions. For others, there are issues such as data security and privacy at stake. The question, ultimately, is whether it’s safe for employees to return. There are no easy answers as yet.
BUSINESS
BHIM UPI to be launched in Bhutan as NPCI's overseas arm joins hands with RMA
Bhutan's Royal Monetary Authority (RMA) will ensure that the participating NPCI mobile application through UPI QR transactions is accepted at all RMA acquired merchants in Bhutan. This new collaboration would help over 200,000 tourists from India who travel to Bhutan each year.
