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BigBasket aims to go public in coming years, says co-founder & CEO Hari Menon

PM Modi announces Rs 1,000-crore seed fund for startups

Through the GeM portal, local startups have been given the opportunity to participate in government tenders at par with big companies.

Road to Recovery: Imports rise for the first time in 10 months

Reflect nascent revival of domestic demand

Studying The Gap: Only 32% of Indian homes pay digitally, though 68% have smartphones

At the same time, among people that do pay digitally, the use of payment apps is more widespread than that of online banking, the report said.

Covid push: Pharma exports surge 16%, defy broader gloom

The rise is remarkable, especially in the light of initial Covid-induced disruptions in the supply chain and the temporary restrictions on the exports of 26 drug formulations and active pharma ingredi

Covid Paradox: Poor hygiene equals less Covid deaths

It wasn’t as if India handled the Covid pandemic better than OECD countries or that it had a less virulent strain, a CSIR study found that countries with better hygiene and sanitation standards tend

Deep mining: Over 500 non-coal mineral blocks up for grabs

Sources said the Cabinet also gave the go-ahead for reallocation of several non-producing blocks of the state-run companies, a move that could also enthuse the private players as many of these blocks

Strong Q3 numbers: Infosys raises revenue guidance for 2020-21

Infosys CEO and MD Salil Parekh said the company’s capabilities in areas of digital and cloud were enabling it to win clients, including global majors such as Vanguard, Daimler and Rolls-Royce.

Wipro reports strong numbers in December quarter

Operating margin expanded sequentially by 243 bps to 21.7%, a significant growth in the last 22 quarters. The company surpassed all market estimations and gave a revenue guidance of 1.5%-3.5% for the

Ed-tech Boom: Unacademy shares change hands in $50-million deal

The infusion comes less than two months after the ed-tech firm raised fresh funds from Tiger Global and Dragoneer Investment Group in a primary financing round at a post-money valuation of $2 billion.

Infosys set to see double-digit revenue growth in FY22

The country’s second-largest technology services major saw its revenues grow by 6.2% sequentially in dollar terms and 5.3% in constant currency, its best in eight years.

Cracking JEE: Amazon India forays into ed-tech space

Amazon said in a statement. In addition to the JEE, those preparing for other engineering entrance exams like BITSAT, VITEEE, SRMJEEE and MET can also benefit from the available content resources. The

Budget cuts lead brands to yesteryear actors

A survey of 110 companies conducted by the Indian Institute of Human Brands in July last year had found that brands expected top celebrities to drop their fee by 20-30%.

Q3 preview: India Inc to see a smart rebound

However, certain products, two-wheelers for instance, may not have fared well in the home market but have done well in the export market.

Vaccine roll-out: Norms being fine-tuned, states ready

As part of preparations for the nationwide roll-out, the health ministry on Sunday held a video conference with officials from states and UTs to discuss feedback on Co-WIN and its operational use gath

Sharp Drop: States’ capex seen down a quarter

To be sure, many states have in recent months seen a rise in own tax revenues (OTR) from the lows witnessed in the lock-down period.

Hiring Slows: Fewer full-time job offers in December

Meanwhile, the trend of fewer opportunities being generated in the top five metro locations persisted with their contribution to the total active job counts at a low 28%, down from the earlier highs o

Investors continue to support consumer internet companies

“There is a limit in terms of how much Arpus can grow and many a time unlocking more markets provides a better return on capital invested,” Danak pointed out.

Bad debt: Budget set to remodel ARCs

Earlier this fiscal, chief economic adviser Krishnamurthy V Subramanian had told FE that several “important considerations need to be kept in mind” while assessing the desirability of a bad bank.

Data Privacy: Concern over WhatsApp’s new policy

Privacy experts and anti-trust bodies have also raised alarm at this new privacy policy of WhatsApp.

Government puts out draft pre-pack scheme

Pre-pack will usually see resolution and not end up with liquidation, except when the creditors decide to liquidate the corporate debtor with a 75% voting share.

Investors disenchanted: Equity MFs see outflows for sixth month

Experts observed further profit booking could be expected if stock prices continued to surge.

Impasse: Government says no to repeal of laws, farmers firm

On Thursday, thousands of farmers held tractor-marches from Singhu, Tikri and Ghazipur borders, intensifying their agitation against the three laws governing agriculture production and marketing.