Industry
Retail sales in May only 21% of pre-Covid levels, can recover fast if vaccination picks up, says RAI
The MSME-dominated retail sector saw a contraction of 79 per cent in monthly sales in May vis-à-vis pre-Covid sales in May 2019 as the second wave of the pandemic forced retail businesses to hault operations, retail body Retailers Association of India (R
$526 billion export opportunity for small businesses, thanks to Covid-led digital adoption, says PayPal
Nearly 60 per cent of exported items are goods which represents a $313 billion market for India’s local artisans of tribal products, handicrafts, or small exporters of gems & jewellery.
Retail sales decline 79 pc in May over pre-COVID levels in 2019: Report
The decline in sales was the steepest in West and North India, which witnessed an 83 per cent dip last month as compared to May 2019, RAI said in a statement.
Bharti AXA General Insurance reports gross written premium of Rs 3,183 cr in FY21
"Owing to the COVID-19 pandemic, FY2021 has been a challenging year for the industry and especially for us at Bharti AXA General Insurance," its Managing Director and Chief Executive Officer Sanjeev S
Anupam Rasayan clears debt worth Rs 530 cr from IPO proceeds
Anupam Rasayan Chief Financial Officer (CFO) and spokesperson Afzal Malkani said the company's total debt is about Rs 840 crore.
COVID-19 has created an ‘ecosystem’ of innovation in India: Kiran Mazumdar-Shaw
Mazumdar-Shaw, 68, is one of the key speakers at the 15th edition of the annual virtual summit on June 22 hosted by the USA India Chambers of Commerce.
Covid disruptions: Coal India net profit declines 32% in FY21
The company posted a net profit of Rs 2,474.55 crore for the fourth quarter, while total comprehensive income for the quarter was at Rs 4,365 crore.
Logistics sector ups hiring to keep pace with booming e-commerce
HR consultants say hiring is in full force for every role--delivery executives, pickers, packers, loaders, drivers and of course customer service executives. Teamlease estimates the industry workforce
Satellite broadband: Bharti’s OneWeb applies for Satcom licence
DoT can grant licence soon but spectrum allocation will have to wait till Trai decides whether auction is required or not
Shriram Transport Fin raises Rs 2,000 cr via QIP
The book running lead managers to the issue were ICICI Securities, JP Morgan India, Axis Capital, Citigroup Global Markets and HSBC Securities and Capital Markets (India).
CIL net profit falls 23% in FY21, board recommends final dividend of Rs 3.50/share
The company posted a net profit of Rs 2,474.55 crore for the fourth quarter, while total comprehensive income for the quarter was at Rs 4,365 crore.
Increased data consumption but no decline in speed during second Covid wave: Opensignal
As per mobile analytics firm Opensignal, in 2020, mobile users had witnessed up to 24.8% decline in their average download speeds during the six weeks between the last weeks of March 2020 and May 2020
Goldi Solar aims to raise module making capacity to 2.5 GW by FY22 end
The capacity expansion has been planned in two stages, with the first phase of 1,000 MW slated to commence by the end of Q2FY22, and the remaining 1,000 MW expected to be put on stream by Q4FY22-end.
DLF expects high consumer interest for luxury residential, low-rise projects
The total project size is 8 million sq ft (MSF), of which 2.1 MSF will be delivered by the second half of FY22 and the remaining 6 MSF after FY24. The total sales potential of the project is Rs 12,000
RBI proposes removing cap on interest rates for micro-lenders
The prescribed ceiling on lending rate for NBFC-MFIs has had an unintended consequence of not allowing competition to play out and most lenders have similar levels of pricing.
InMobi owned Glance acquires Shop101
With Shop101 on board, Glance and Roposo will get access to an established e-commerce technology platform, a comprehensive supply chain infrastructure and the talent base required to build the celebri
ABSLI eyes 16-17% growth in individual business in FY22
From the onset of the pandemic, people started realising the need to protect one’s health as well as finances which prompted them to opt for life insurance policies offering pure protection and guar
IOB net soars 143% to Rs 350 cr in Q4; plans to raise Rs 2,000 cr
Chennai-based public sector lender Indian Overseas Bank (IOB) on Monday a reported a 143% jump in its net profit to Rs 350 crore for the fourth quarter of FY21, compared with Rs 144 crore in the corre
Airtel, Ericsson demo over 1 GBPS throughput on live 5G trial network in Gurgaon’s Cyber Hub
Sources said Airtel has lit up its 5G trial network in Cyber Hub, Gurgaon, and that the site is operating in the 3500 MHz band as per Telecom Department norms, and delivering throughput of over 1 Gbps
RBI proposes uniform regulatory framework for microfinance sector
Microfinance is a form of financial service which provides small loans and other financial services to poor and low-income households.
B2B marketplace Flipkart Wholesale sees 3x jump in e-commerce adoption among kiranas in H1 2021
Kiranas and neighbourhood convenience stores have become the battleground for e-commerce and grocery platforms including Flipkart, Amazon, BigBasket, Grofers, JioMart, etc., particularly during the Co
ADQ in talks to infuse $400-500mn in Flipkart: sources
One of the persons privy to the discussions said that Flipkart could raise about USD 3 billion or more as there is significant interest from investors.
WhatsApp is apparently sticking to using green colour for notifications in Android app
The Android beta app users for WhatsApp have once again received the green colour notification feature. The company has been testing a dark blue colour for its notifications but from the looks of it,
Digiboxx reaches 10 lakh users in 6 months: Everything to know about this Made-in-India cloud storage platform
The platform is a digital file storage, sharing and data management solution and it allows individuals as well as SMEs to store personal and work data.
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