Today, One97 Communications Limited-owned Paytm Payments Bank Limited and Mumbai Metro One Private Limited (MMOPL) announced their collaboration on the Paytm Transit Card, which would enable users to travel by metro, bus, and train as well as make purchases at offline and online retailers. Additionally, you can use this card to pay for parking and […]
On Monday, Tata Motors stated that it is prepared to handle the shift to electric products and that it intends to keep investing in its commercial vehicle sector in the range of Rs 2,000 crore year to ensure that it keeps releasing new vehicles. With the introduction of the Yodha 2.0, Intra V20 bi-fuel, and
Tata Motors is all set for transition towards electric products, says executive director Read More »
Nirmala Sitharaman, the minister of finance, stated on Saturday that the rupee has “held back extremely well” in comparison to other currencies against the US Dollar. After the native currency hit a record low against the dollar, the finance minister assured reporters that the Reserve Bank and the Finance Ministry were keeping a careful eye
After a recent viral Substack post revealed a filthy cloud kitchen in Bengaluru that was running 200+ distinct businesses from the same location, food tech giant Zomato is adopting a severe stance against them. Food brands prompted various concerns regarding food safety and hygiene requirements because their menus included little to no distinction. Zomato will
The valuation of hospitality unicorn OYO has been reduced by 20% by SoftBank, according to sources cited by Bloomberg. The news of the development coincides with rumours that the startup is getting ready to list on the stock market in January 2023. According to reports, the Masayoshi Son-led fund reduced OYO’s valuation from $3.4 billion
According to J.P. Morgan analysts, Apple Inc. may produce one out of every four iPhones in India by 2025 as it shifts some production away from China due to rising geopolitical tensions and stringent COVID-19 lockdowns in that nation. India, the second-largest smartphone market in the world after China, is predicted by the brokerage to
Apple may shift a quarter of iPhone production to India by 2025 Read More »
According to a recent assessment by ratings and analytics firm CRISIL, multiplexes are projected to treble their revenues this fiscal after the pandemic lows of the previous two years. According to the ratings company, multiplex operators in India might see revenues reach an all-time high of over Rs 6,000 crore in FY23, which is 13–15%
Gautam Adani and Mukesh Ambani, two billionaire Indian industrialists, are the only Indians to rank among the top 10 richest people according to the Bloomberg Billionaires Index. Gautam Adani, the chairman of the Adani Group, is ranked second with a net worth of $147 billion, while Mukesh Ambani, the chairman of Reliance Industries, is ranked
According to information released on Sunday by the Ministry of Finance, the gross direct tax receipts of the federal government increased 30% to Rs. 8,36,225 crore in the fiscal year 2022–23. In addition, the net collection increased by 23% to Rs 7,00,669 crore from Rs 5,68,147 crore in FY 2021–22. These numbers are valid till
The 35-year-old reclusive Karan Adani, the older son of billionaire Gautam Adani, has been appointed to two key positions in the Group’s new cement business, which it entered after making the largest acquisition ever of two cement titans, ACC and Ambuja Cement. The Group has a market valuation of $226 billion. Karan Adani has been
