Wadhawan moves SC against NCLAT stay against his offer for DHFL The NCLT had directed Wadhawan's lenders to consider the offer to fully settle the mortgage lender’s ₹91,000 crore dues, including ₹43,000 crore in the initial few years, for its consideration, decision, voting

Even after Covid, most would prefer flexibility in work: EY Survey The survey, which covered over 16,000 employees across 16 countries, multiple industries and job roles, including 496 employees from India, showed that more than half (54%) of the employees from around the world would consider leaving their jobs post…

Wise launches foreign exchange services from India Wise recently enabled Google Pay users in the US to send INR to Google Pay users in India.Indians will be able to send money to 44 countries globally, including the UK, US, Singapore, Malaysia, UAE and countries in the Eurozone

Xiaomi claims its new tech can fully charge most smartphones in under 10 minutes Smartphone battery technology hasn’t grown as fast as other technologies used in these devices. As a result, charging speeds have become a major differentiating factor amongst device manufacturers, especially those from China

SpiceJet defers May salaries for many employees after facing fund crunch The airline has informed its employees that it has decided to revert to a structure where staff will be paid as per work hours, due to the adverse impact of the second wave of coronavirus on revenue and cash flow of the company

DIAL to start vaccination for airport staff from 1 June The airport operator plans to inoculate the front line airport staff of airlines, cargo business, ground handling agencies, and Air Traffic Control, among others

Jai Kisan raises $30 Mn in Series A funding Jai Kisan works with more than 700 organised and unorganised entities, to distribute financial products to over 1.5 lakh rural individuals including farmers

Tata Steel's T.V. Narendran takes over as CII president Narendran takes over the leadership of the industry body from Kotak Mahindra Bank Ltd managing director and chief executive officer Uday Kotak, who has completed his term

Wint Wealth launches Bricks, offers 9.5% returns on covered bonds The debt product allows retail investors to invest in secured assets that offer a pre-tax extended internal rate of return of 9.50% per annum with maturity of 18 months

Escorts to announce health benefits for employees as dealerships The company will also help dealers by bearing the cost of vaccination of their employees

Housing.com launches Housing Price Index in collaboration with ISB The entire idea behind the launch of the Housing HPI is to address this issue. Aside from benefitting buyers, investors and policymakers, data from our HPI will also be immensely valuable for real estate developers who are considering a new locality …

Chennai: Operations at Renault plant affected as some staff stay off work amid COVID fears Renault had suspended operations at the plant for five days from May 26 amid demand from workers to temporarily stop production in view of the surge in COVID-19 cases in Tamil Nadu

Mahindra expects quick recovery led by tractor, auto biz growth in second half The company’s automotive business is also likely see a rebound as sales of its utility vehicles and small commercial vehicles will improve with recovery in demand after states unlock and supply chain issues abate

Adani Wilmar launches mobile ordering app Consumers in 17 cities can place orders via Adani Wilmar's new mobile app, Fortune Online, available on Android, iOS, and the brand’s own website portal

Tata CLiQ Luxury launches ‘Time to Heal' campaign to help deal with covid grief The videos with audio messages by influencers highlight human emotions such as hope and love through poetry and music

Global chip shortages may continue for the next couple of years: Intel CEO Pat Gelsinger said the pandemic has led to a “cycle of explosive growth” in the industry, placing strain on the supply chain

Raymond appoints Harmohan Sahni as chief of realty business Raymond Realty clocked bookings of 1,387 residential units till March 2021, which accounts for over 60% of the total inventory of 2,350 units that was launched

Aditya Puri investing alongside Carlyle in PNB Housing Finance Salisbury Investments Pvt. Ltd., the family investment vehicle of former HDFC bank managing director Aditya Puri, will invest Rs25 crore. Puri, senior advisor to PNB Housing Finance, is expected to be nominated to the company’s board as a Carlyle nominee…

This startup is trying to convince clients to give up cars In the capital of Finland, 12% of users already say it’s prompted them to give up their cars, with as many again saying they plan to

PNB Housing Finance to raise ₹ 4,000 crore via investment led by Carlyle PNB Housing Finance accelerating strategic priorities to benefit from growth in India’s mortgage industry

Serum Institute to increase Covishield production next month This came amid reports of shortage of Covid-19 vaccines in the country as flagged by several state governments.

BNP Paribas announces new head of territory for India BNP Paribas appointed Aymar de Liedekerke Beaufort as the head of territory for India, he will also retain his role as the head of corporate and institutional banking (CIB)

Nestle India steps up financial, medical assistance for covid affected employees Nestle has expanded the scope of financial assistance to employees affected by covid-19 that includes supporting the education of children of those who have succumbed to the disease and providing a two-year base salary

Paytm to raise up to $1.5 billion in primary issue with mega IPO Alibaba Group Holding and its payments arm ANT Financial hold almost 37% stake in the payments major, while Softbank through its Softbank Vision Fund and Elevation Capital hold almost 20% stake each

Subex poised to grow at a CAGR of 18-20% in coming years: ICICI Securities Subex historically made acquisitions, which impacted its financials and led to higher debt. It also led to the exit of its founders. Over the years, the company has managed to reduce debt significantly and stabilise its operations

Let private sector make and procure Covid vaccines: SpiceJet scion urges govt India is one of the world’s biggest vaccine makers, supply locally has run dry amid an expansion of access to everyone aged 18 and above

Flexibility at core of expanding private credit market in India Global fund managers have raised nearly $300 bn of private credit capital in the past two years

Indian startups are flush with cash amid rapid digitization The rush of capital into Indian startups in recent months has brought increasing scrutiny of fast rising valuations of these companies

Realty sector set to revive from 2nd wave jolt The housing sector, which underwent a prolonged slowdown and a liquidity crisis, is slowly seeing renewed investor interest, particularly for projects by developers who are known for efficient execution and delivery

Pandemic has taught India Inc to give importance to employees’ mental well-being The board of directors need to give leeway to the chief executive for decision making, said Ram Charan

This is the time when you can do both acquisition and organic growth better: Piramal Ajay Piramal said he was more optimistic about the future now than he was last year

Changes in tech landscape, buyouts may drive PE deals Regulatory changes will create new opportunities for investors in the tech sector, say panellists

India Inc’s recovery plans stay intact despite virus disruption Despite slow investments, firms are working with govt to return to pre-covid activity levels

Covid drugs all set to boost pharma firms’ Q1 revenues A surge in demand has prompted drugmakers to scale up capacity and launch new products

SoftBank considers selling a $1.5 billion stake in Paytm Paytm is planning an IPO worth $3 billion, offering SoftBank its largest exit in India after Flipkart.A window to sell at least 1/3 of stake may be available to current shareholders on a pro-rata basis

IREDA registers record profit in FY 20-21 amid COVID, PBT jumps by 136% The company has posted Profit After Tax (PAT) of Rs. 346 crores as against Rs. 215 crores in the last financial year, registering a massive growth of 61%

Infra.Market acquires majority stake in Sociam Equipment As a part of the transaction, founder of Equiphunt, Shashank Dangayach, will continue to head Equiphunt

Google nears settlement of ad-tech antitrust case in France French investigation alleged Google’s ad server favored its own ad exchange

The pizza business is divided on delivery Chains like Domino’s pioneered speedy food delivery, but they’re split on working with apps like DoorDash and Uber Eats

Modi lists NDA’s achievements in Mann ki Baat, lauds fight against covid In the first wave, we fought courageously. This time too India will be victorious in the ongoing fight against the virus, Modi said

Margins of IT companies likely to be hit with onset of pre-covid trends Higher profitability on the back of covid-led tailwinds like WFH and 'offshorization' are unlikely to outlive the pandemic: ICICI Securities.

Zerodha's Nithin Kamath clarifies on salary, says did not anticipate so 'much attention' The online brokerage firm also aims to roll out a buyback plan for its employees worth ₹200 crore.

COVID impact: Digital recruitment process to continue, say experts "Corporates want to have data-based and analysis-driven inputs to make recruitment decisions and they employ various modern tools to ensure candidates' cultural and job role fitment," said Siddhartha Gupta, CEO, Mercer - Mettl.

Savaari Car Rental offers discounts on covid vaccination centre bookings The company said it is ensuring that cabs booked for hospital visits or vaccination centres will be made available at customers' doorsteps within 90 minutes.

HMSI to re-open three factories, provide financial support to dealers Honda Motorcycle and Scooter India Pvt. Ltd (HMSI) on Saturday announced the restart of production operations at three of its factories based in Haryana, Rajasthan and Gujarat

Pfizer jab less effective, still protects against India-linked strain: Study The study sampled 28 healthcare workers in the city of Orleans .Sixteen of them had received two doses of the Pfizer vaccine, while 12 had received one dose of the AstraZeneca vaccine

Dunzo to vaccinate 95% of delivery fleet over next month The company provides fresh gloves, masks, and sanitisers at partnered merchant stores for delivery partners to use each time they visit the store

PMAY creates over 1.2 crore employment opportunities so far The report cited that these employment opportunities so far were created through forward and backward linkages across 21 sectors. Besides, the report said that these sectors include 250 auxiliary industries like steel, brick kilns, cement, paint, hardware a…