Bank of Baroda discontinues cheque books of former Vijaya Bank, Dena Bank Announced in 2018, it was the third major restructuring in the public sector banking industry undertaken by this government. The first was the merger of the five associate banks of State Bank of India with itself

Inflexor Ventures announces its final close at over ₹ 600 crore Inflexor Ventures said that it has made the final close of Inflexor Technology Fund, its second fund, which surpassed its initial domestic target corpus of ₹500 crore. .The fund was initially launched in early 2020 and had marked its first close at ₹230…

Microsoft, Google get ready for new battle after ending their 5-year cease-fire A non-aggression pact forged by their CEOs expired in April, threatening to add fuel to industry’s antitrust battles

Amazon says its carbon footprint grew 19% last year The Seattle-based company said that, while its carbon footprint grew, the amount of carbon it emitted for every dollar spent on the site fell 16% in 2020

PMC’s bad loans pose major challenge for new promoters The bank is fighting several cases at various legal fora to recover the money it lent to HDIL

Coffee Day Enterprises posts ₹ 272 cr loss in Q4; revenue dips 69% to ₹ 165 cr Coffee Day Enterprises said COVID-19 is significantly impacting the business operations of the group by way of interruption of supply chain, closure of hospitality service and travel ban during the lockdown

Brazil suspends $320 million deal with  Bharat Biotech  for  Covaxin The firm denies any wrongdoing in  the  contract for the vaccine, including the pricing.The Brazilian government’s role in procuring Covaxin has been under scrutiny, given the price, at $15 per dose, is the highest for any vaccine

Vodafone Idea's Q4 loss narrows but no clarity on fundraise For the year ended March 31, 2021, the company's loss narrowed to ₹44,233.1 crore from ₹73,878.1 crore in 2019-20

Park+ to provide parking solutions to Smartworks’s campuses With more people looking at personal vehicles for daily commute, companies are partnering with Park+ to enable their employees to access its 70,000 parking slots network and ensuring that they are no more constrained by the number of parking available in a …

60% urban Indians back companies supporting equal rights for LGBTQ individuals The survey by Ipsos was conducted in 27 markets among 19,069 consumers globally. In India, 500 people were surveyed regarding their views on LGBTQ + Pride

The Indian airline making money off grounded Boeing 737 Max jets SpiceJet Ltd. hasn’t flown any of its Boeing Co. 737 Max jets for more than 27 months, after two deadly crashes operated by other airlines led to a global grounding

Seven in 10 employees want long-term incentives like esops and retention bonus: Survey The Human Capital Survey, conducted by Grant Thornton Bharat among 16,700 employees, shows that 46% of the respondents said if given the option, they would opt for higher fixed salary even if their overall pay is reduced.

Edtech firm Nalanda Learning raises ₹ 40 cr from Aavishkaar Capital Having established its presence in West Bengal through its chain of 'Little Laureates' preschools, the company now plans to expand nationally through its integrated platform of digital content, curriculum, and pedagogy, targeting children in…

If you work from home, pay colleagues working from office - a company's new rule The gradual rollout of vaccines globally has fueled a debate over how to entice workers back to the office.

CredR raises over ₹ 48 crore led by Yamaha Motors The funding will be used towards consolidating its market position, strengthening its technology platform and expanding customer offerings.

Fourth Partner Energy raises $125 mn from Norfund and TPG Capital’s RISE Fund Fourth Partner Energy is building solar parks in Uttar Pradesh, Maharashtra and Tamil Nadu. The new funds will be raised for business expansion in domestic and international market

Udaan sells 15 million covid safety essentials during second wave Udaan said it witnessed a five-fold surge in the demand for items like protective masks, face shields and PPE suits

Detect Technologies raises $12 million in funding led by Accel Detect’s software platform services clients across industries of oil and gas, petrochemicals, construction, steel, metals, chemicals, fertilizers, pharmaceuticals, power, renewables, and cement

Apollo Tyres aims to double revenue to $5 billion by 2026 Apollo Tyres reported a 270.5% year-on-year increase in consolidated net profit to Rs289 crore for the fourth quarter of FY21, as vehicle production revived

IT firms to post sequential revenue growth near pre-covid levels in Q1: Report Tier-1 companies should report 1.4-4.0% quarter-on-quarter organic growth in constant currency with Infosys Ltd and Tech Mahindra Ltd leading the pack. Organic growth in tier-2 companies should be broadly in a similar range

HDFC Ltd acquires 8.42% stake in Ansal Housing In its annual report report for FY20, the company had said HDFC Ltd issued a demand notice under Section 13(2) of the Sarfaesi Act, 2002, for enforcement of secured assets against the entire outstanding dues of Rs150.19 crore, including interest till 30 April 2019

Berkshire's Charlie Munger says China right to clip Jack Ma's wings The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China's book and 'step in preemptively to stop speculation'

Sequoia’s Surge invests $55 mn in fifth cohort along with co-investors Sequoia Capital India’s startup accelerator programme, Surge announced its fifth and largest cohort of 23 early-stage startups and has invested a total of $55 million along with co-investors in this current batch

Suba Group acquires leisure hospitality chain 1589 Hotels Owned and run by Clarks Group of Hotels, 1589 Hotels was set up as a separate division under which hotel and resort properties were being run on a management contract basis

Modi govt's policies for Amazon, Walmart may impede Kirana stores growth For small shopkeepers to climb out of the debt hole they’ve slipped into because of lost revenue and bloated medical bills, they need partners who will help them go digital.

Agritech projected to grow to $30 billion-$35 billion market by 2025: Bain Setting up an integrated agritech platform, creating a new incubation wing for new business models and reinventing current businesses are the three potential ways in which companies in the agri ecosystem could leverage the opportunities

Brazil to suspend Covaxin vaccine deal, orders probe Brazil's Health minister Queiroga said his ministry is going to carry out an administrative investigation to verify all aspects of t

Reliance Industries on a hiring spree for its new clean energy business Executive search firms have been mandated to hire specialists in different segments of clean energy business from across geographies and McKinsey has been roped in to help prepare a blueprint for each of these businesses,

Brazil to suspend Covaxin vaccine deal, orders probe Brazil's Health minister Queiroga said his ministry is going to carry out an administrative investigation to verify all aspects of t

Low inventory levels, strong order book set to fuel auto sales growth Most automakers are expected to start manufacturing in all three shifts this month with steep production targets

Quizizz raises $31.5  million  from Tiger Global, Yahoo’s Yang The fund-raise comes just three months after Quizizz announced it had raised $12.5 million as part of its Series A round in March this year

IRFC Q4 net profit rises 126% to ₹ 1,482.5 crore Shares of IRFC surged nearly 5% to ₹25.95 per share on the BSE on Tuesday

Thrasio-style venture 10club raises $40Mn in one of the largest seed rounds Earlier this year, Myntra and Medlife executive Ananth Narayanan founded Mensa Brands, a Thrasio-style venture, and raised $50 million as part of its Series A led by the likes of Accel, Falcon Edge Capital and Norwest Venture Partners

Data analytics firm Ugam to hire over 1,300 this year We are expanding our 3,000-person talent base by adding more than 1,300 analytics and technology professionals this year. We are specifically looking to fill opportunities in analytics, cloud, research, and marketing technology, the Coimbatore-headquartered compa…

Sanofi to invest 400 million euros in a mRNA vaccines facility The French drug giant, lagging its American competitors on the COVID vaccines front, added on Tuesday that its "mRNA Center of Excellence" would bring together approximately 400 employees

AWS signs multi-year digital agreement with Axis Bank As part of the agreement, Axis Bank will use AWS services, including containers, database, and compute, to build a portfolio of new digital financial services to increase customer satisfaction by 35% and lower costs by 24%

ONGC's improved earnings outlook to support deleveraging: S&P S&P believes ONGC will maintain prudent capital investments over fiscal 2022, largely funded with operating cash flows. The company showed good flexibility in scaling back investments over fiscal 2021 amid challenges due to the covid-19 pa…

Ugam to hire over 1300 analytics and technology professionals The expansion is expected to propel Ugam’s momentum to meet the growing demand for analytics across industries, driven largely by the acceleration of digital transformation since the onset of the pandemic

Twitter's new headache in India: Police complaint over controversial map Twitter faces a new headache in India after a police complaint about the distorted map of India, showing Jammu-Kashmir and Ladakh as separate country

9Unicorns announced fourth close of Fund I at $50 million The fourth close witnessed participation from Indian industrialists and businesses including snack maker Haldiram's, Indian Bank, Ahmedabad-based Chona Family Office, Parakh Foods, Puzzolana Group along with other limited partners

We Founder Circle leads $100K seed round in Gurugram-based Nestroots Started in 2016, Nestroots sells from multiple platforms including its own website, and other marketplaces catering to furniture, dining and tableware categories

Google restores YouTube, Gmail services after multiple users face outage Platforms including Google, YouTube, and Gmail were down, with users citing issues with login and accessing the website in parts of North America

BookMyShow Stream announces new movie slate for July The BookMyShow library is available for both rent and purchase for prices ranging between Rs40 and Rs600 depending on the movie. A film on rent is available for 30 days and once started, has to be finished viewing within 48 hours, while a title can be purchased fo…

Airblack raises $5.2 million co-led by Info Edge Ventures and Elevation Capital Airblack will utilize the proceeds of this funding in accelerating the expansion of launching new clubs for users and investing in product, engineering and brand. The company is looking to actively hire across functions of engineering, d…

ITC’s Sunfeast takes on popular Bangladeshi potato biscuit brand The brand’s latest potato biscuits will be available first in south India, West Bengal and markets in north-eastern states. These will be made available through ITCstore.in, general trade outlets and modern trade stores

Elon Musk set to tout Starlink progress as cost, demand hurdles linger Musk on Tuesday is expected to discuss Starlink's progress in a speech at the Mobile World Congress telecommunications event

Future workplace will be work from home-office hybrid The pickup in the Covid vaccination drive has encouraged several organisations to raise queries with consultants on whether the process of returning to office can begin. However, what's increasingly becoming clear - and large companies are setting an example …