Union Minister Ashwini Vaishnaw to inaugurate Digital Payments Utsav today
A comprehensive campaign, Digital Payments Utsav, has been planned between 9th February and 9th October this year, in celebration of the ‘Azadi ka Amrit Mahotsav’ and G20 Presidency. The campaign aims to promote Digital Payments across the country.
News Highlights: CCI resumes clearing M&As after four months
Business and Political News Highlights: The Competition Commission of India (CCI) on February 9 resumed giving approvals to combination deals. The CCI has invoked the doctrine of necessity and waived the quorum requirement. The Ministry of Corporate Affairs had received a legal opinion from the AG to waive the three-member quorum requirement for the time being, as the CCI currently has only two members, with one doubling up as the acting chairman.
Digital Lenders meet Meity officials to seek more clarity on app ban directive
Several industry players also say that the ban is more to do with the platforms that are hosting the app like Google Play and Aptoide.
Warner Music India acquires majority stake in Divo to expand its presence in country
The company works with labels, artists and musicians to distribute and monetise their content across digital platforms, radio and TV. Last year, it released more than 30,000 songs in the Tamil, Kannada, Malayalam and Telegu markets.
Coforge comes under Nomura coverage with a ‘buy’ tag, 14% upside
Brokerage firm Nomura Research has initiated coverage on Coforge Ltd with a buy rating, pegging a target price of Rs 5050 implying a 14% potential upside.
There is a rhyme and a reason why the loan app bans are happening: PhonePe’s Sameer Nigam
The Ministry of Electronics and Information Technology (MeitY) has issued a directive to app stores to block more than 200 loan and betting apps.
AI startup Entropik raises $25 million in Series B led by Bessemer, SIG Capital
Entropik is planning to use the funds raised towards bringing innovation in consumer research for global brands and for expanding their footprint across the US, Europe, and Asian markets.
Kotak initiates coverage with buy rating on RateGain. Check target price
According to a Kotak Report to investors, the company is expected to experience growth from the rebound in the travel industry and strengthened connections with hospitality clients following the end of the Covid-19 pandemic.
CNN News18 Bengaluru Town Hall to tackle key issues shaping Karnataka elections
The event will be held on 7th Feb and will see participation from prominent personalities in Karnataka
Reliance unveils India's first hydrogen-powered tech for heavy-duty trucks
Reliance and Ashok Leyland, along with and other technical partners were engaged in developing this technology since the last year with first engines running in early 2022.
Vedanta picks up David Reed as chief executive of semiconductor business
Reed was previously at NXP Semiconductors and GlobalFoundaries where he was Executive Vice President and General Manager of global operations.
Thrust on urbanisation augurs well for the steel industry: JSPL MD
He said that while removal of the export duty on steel was a welcome move, there was enough unmet domestic demand, and producers do not really need to export.
FIIs continue to sell shares in Adani Group companies
Since last week, investors have lost over $100 billion of market value in the Adani group after US short seller Hindenburg Research accused the company of using tax havens and flagged debt concerns in a report.
Budget 2023 and debt market: Prefer shorter duration assets, stay cautious at longer end
While the government is consolidating the fiscal deficit, the pace of consolidation seems very nuanced especially when FY 2023 nominal growth is estimated to be higher than 16 percent
Budget 2023-24: What the Finance Minister Nirmala Sitharaman said about Millets, now known as Shree Anna
India is the global hub for millets, or 'shree anna', and is at the forefront of popularising millets, said Union Finance Minister Nirmala Sitharaman. The world is gravitating towards the superfood, the magic grains that has been an ancient food grain in Asia and Africa.
Electric two-wheeler sales to touch 22 million by 2030
The government has been the force behind EV adoption with schemes like FAME and PLI, which should be continued for the next few years, a report by Redseer Strategy Consultants has said
Economic Survey 2023: Risks to private capex cycle linger
Past economic cycles have shown that a global slowdown can, with a lag perhaps, have a “knock-on” effect on the domestic capex cycle
Economic Survey 2023: Digital public infrastructure can add up to 100 bps to GDP growth rate
Low-cost accessibility through Aadhaar, the success of citizen-centric services like Unified Payments Interface, large-scale adoption and reach of DigiLocker and MyGov, and the vaccine journey through Co-Win are important and successful milestones in India’s public digital infrastructure journey
Economic Survey 2023: More than 1.1 billion bank accounts eligible to share data on account aggregator platform
Economic survey 2023: While the AA framework was released by the RBI back in 2016, the buzz around this has been growing louder. The AA framework is currently live across over 110 crore of bank accounts, the survey noted.
IndiGo receives World’s Youngest Aircraft Fleet 2023 award in 100+ planes category
The award is based entirely on non-manipulable aircraft data.
India has become our largest site outside US, says Boeing India President Salil Gupte
Today the demand for aircraft has jumped high. There is no surprise that Air India is looking for more aircraft, says Gupte
4 tips to follow to improve your personal loan eligibility
Personal loans are quick financing solutions that come in handy when you need the funds for a wedding, home improvement, higher education, or medical emergencies.
Hein Schumacher to take over as CEO of Unilever on July 1
Schumacher is a global business leader and has served as the CEO of Royal Royal FrieslandCampina, an organisation functional in over 40 countries. Prior to this, he worked in HJ Heinz for more than 10 years. He was appointed as the chief strategy officer prior to his relocation to China as the president and CEO in 2011.
Zoho reports 43% jump in net profit at Rs 2,700 crore in FY22
The firm’s revenue from operations was up 28 percent to Rs 6,711 crore in FY22 from Rs 5,230 crore in FY21, as per Zoho’s filings with the Registrar of Companies on January 28
