Birla Estates to launch premium homes on iconic Century Mill land in Worli Birla Estates plans to launch the integrated project Birla Niyaara, with a 75-storey residential tower, by January. The apartments will be priced upwards of ₹4-4.5 crore, with some apartments in the higher floors costing ₹20 crore

Cred to buy expense management firm Happay Post the acquisition, Happay will operate as a separate entity, and Cred’s leadership team will work closely with it to leverage Cred’s ecosystem, expand product offerings and scale up operations

Space startup Pixxel readies satellites to relay data to help farmers, forests We’re waiting for the ISRO PSLV-C53 mission to get on the launchpad, which should be ready by December 2021 or soon afterward, Pixxel CEO said

White-collar job market sees moderation, marginal drop in hiring volume The number of open job positions accepting applications for white-collar professionals in November stood at around 295,000, down from 320,000 in October, as the last 15 days of November saw a 12% fall in hiring numbers compared with the first ha…

IITs witnessing an increasing number of trading firms With a surge in trading activity across the globe, especially over the last year, and high-frequency trading firms making big profits during markets volatility, these algorithmic trading platforms are chasing tech talent pools as they scale up.

Elon Musk says bankruptcy at SpaceX 'unlikely’ but not impossible Elon Musk said that SpaceX could face a potential risk of bankruptcy if the Raptor engine problems were not fixed

‘Local mfg cos need to shift to designing in India’ Depth happens if you start designing in India. When you start designing here, then you can use components that are available in India, says Ajai Chowdhry, Chairman, ESSCI

SC slams, sets aside police action in Yes Bank-Dish TV case Yes Bank is seeking a promoter change at Dish TV, alleging the board is not acting in line with good corporate governance standards

PE firm Advent merges Dixcy and Gokaldas to create Modenik Lifestyle The two companies have been merged signalling consolidation in the inner wear and casual wear segments, with the latter reporting strong sales in a pandemic year as consumers swapped formal wear for t-shirts and track pants

Coal India to invest ₹ 19,650 cr by FY24 to boost rail transportation capacity India has the world’s fourth largest coal reserves and is the second-largest producer of the fossil fuel. While Coal India's annual production target is 660 mt for the current financial year, offtake is estimated at 740 mt

Zomato launches investor connect platform to help restaurants raise funds Zomato will act as a facilitator of fundraising for restaurants, and will help restaurant partners position their story and metrics in the right manner while connecting them with investors

Lumos, Gruhas Proptech to raise ₹ 500 crore property fund Alternate investment in real estate will be a big opportunity in India given the requirement of capital in realty. Alternate investment platforms along with fintech can provide better opportunities to new edged investors for adjusted yield products

India’s first-ever standalone metal debit card's launch announced FIRST Private Infinite is a lifetime free card designed specifically for customers who are part of the Bank’s FIRST Private program

Twitter CEO Parag Agrawal joins list of other Indian-origin executives. Full list here The new Twitter CEO Parag Agrawal is among the latest additions to the list of tech CEOs of Indian-origin heading US-based global multinationals companies.

ZebPay appoints Tarun Jain as chief financial officer Before joining ZebPay, Tarun Jain was CFO for Lithium Urban Technologies, after having succeeded in several leadership positions in organisations such as Zoomcar, Herman Miller, and Warner Bros

Landmark Capital launches ₹ 500 crore warehousing fund The fund is launched with an aim to generate superior risk-adjusted returns by investing in Grade A warehousing and logistics opportunities. It is focusing on non-speculative, built-to-suit assets in key locations near high consumption centres across the country…

Paytm brings card-on-file tokenization to Myntra, Oyo, others A tokenized card transaction is considered safer as a user’s card details are not shared with merchant. Instead, tokenization makes way for the card’s details to be stored as a unique, irreversible digital token instead of a 16-digit number

Wyndham adds new four hotels in tier 2 cities Wyndham typically allows property owners to use the company’s brands and offers them technology, distribution and marketing support in exchange for a loyalty fee

Coal India approves payment of interim dividend for FY22, stock surges Coal India has fixed December 7, 2021 as the record date for the purpose of payment of interim dividend

Cognizant CEO: ‘I spend an hour every day with five employees to hear them out’ There is a demand level unlike anything we have ever seen in many, many years: Cognizant CEO Brian Humphries

‘Lot has happened in 8 years’: Elon Musk replies on SpaceX staying private A Twitter user sent out a 2013 memo from Musk on why he wanted to keep SpaceX private

‘There is no limit to what we can do together': Twitter new CEO Parag Agrawal to employees Twitter new CEO Parag Agrawal said that he is ‘honoured and humbled’ on his appointment

New Twitter CEO Parag Agrawal steps from behind the scenes to high profile Parag Agrawal joins a growing cadre of Indian-American CEOs of large tech companies, including Sundar Pichai of Google parent Alphabet, Microsoft's Satya Nadella and IBM's Arvind Krishna.

Cashfree invests in UAE-based Telr, explores global expansion Post the investment, Cashfree will become the single-largest shareholder in Telr

Reliance’s JioMart turns to WhatsApp to compete against Amazon, Flipkart Delivery is free and there’s no minimum order value, according to JioMart users who got WhatsApp shopping invites with a 90-second tutorial and catalog

Bessemer doubles down on Indian startups with new dedicated $220 million fund The fund will focus primarily on early-stage investments, consistent with Bessemer’s approach of starting with seed and Series A investments and sticking with companies throughout their growth lifecycle with later-stage investments

‘We have given Esops up to branch, sales manager level' V. Jagannathan, Star Health & Allied Insurance Chairman and CEO, spoke about the timing of the IPO, valuation, growth prospects and the culture of having widespread ownership through employee stock options

Zoho enters edtech biz with a focus on training TrainerCentral provides knowledge creators, solopreneurs and experts from all fields a single platform to host live sessions as well as sell on-demand courses, evaluate students, build an engaged learner community and manage their business, the company said

RBI  supersedes  board of Reliance Capital Central  bank  to  begin  insolvency  proceedings  amid governance concerns

SC grants Amazon more time to file submissions before CCI Amazon’s counsel Gopal Subramanium argued that the HC should not have entertained the petition by the traders’ body, as it was not aware of the proceedings before the antitrust watchdog

Halt  RIL-Future  deal, market regulator urged Amazon.com and a lobby of at least 15,000 small businesses have written to the markets regulator, demanding revocation of the conditional approval it has granted to the ₹24,713 crore deal for the Future Group to sell its retail assets to Reliance Industries

LIC gets RBI approval to hike stake in KMB to 9.9% The RBI norms mandate that every person or an entity who intends to make an acquisition in private banks of more than 5% stake has to take prior approval from the central bank

SpiceJet  settles  suit  with aircraft lessor Goshawk Goshawk and its trustee Wilmington Trust had leased 3 planes to SpiceJet

Bharat Biotech resumes exports of Covaxin The WHO earlier this month had granted emergency use listing (EUL) status to Bharat Biotech’s Covaxin

Amazon builds out network to speed delivery, handle holiday crunch Online retail giant has nearly doubled its fulfillment capacity since the start of the Covid-19 pandemic

RBI to soon start insolvency process of Reliance Capital, supersedes Board The decision to supersede Reliance Capital Board was taken as the company defaulted on various payment obligations to its creditors

Airbus has five weeks to deliver 100 more jets and hit 2021 goal Airbus SE needs to accelerate jetliner deliveries in December if it’s to reach a goal of shipping 600 planes this year, according to people with knowledge of the situation

Crypto exchange Binance reopens dogecoin withdrawals after Elon Musk's spat with CEO Traders were unable to withdraw Dogecoin for more than two weeks because of problems related to a network upgrade

Reliance clarifies on reports of its intent to bid for UK telecom firm BT ‘We categorically deny any intent to bid for the UK telecom group, BT, formerly British Telecom, as reported,’ Reliance said in a statement.

Radisson Hotel group opens 224-room property in Nashik Radisson also runs brands like Park Inn, Radisson Blu, Country Inn & Suites as well as its flagship upscale brand Radisson. It is the third largest hotel service provider in India

LIC gets RBI nod to increase stake in Kotak Mahindra Bank Currently, LIC holds 4.96% in Kotak Bank, as per the information available from the shareholding pattern till 30 September.

Beverage brand Jade Forest raises $1 million from Mumbai Angels Network The funds will be used to expand the reach of the premium cocktail mixer as well as enter the ready-to-drink beverage segment

Ambuja Cements, ACC collaborate with IIT Delhi to develop low carbon cement The collaboration between Ambuja Cements, ACC and IIT Delhi will be implemented through a research project funded by Holcim Innovation Centre, France and will comprise an in-depth scientific study into the influence of clinker, calcined clay…

Paytm Payments Bank launches Paytm Transit Card Paytm Transit Card is the payments bank’s second product in the mass transit category after the success of FASTags. Paytm Payments Bank is the first bank in the country to achieve the milestone of having issued more than 1 crore FASTags

Visa complains to US govt about India backing for local rival RuPay Visa complains to US government about India backing for local rival RuPay, as Visa remains concerned that PM Modi has been promoting homegrown RuPay for years, posing a challenge to Visa and Mastercard in the fast-growing payments market.

Adani Group says 'disappointed' by MSCI’s decision to drop Adani Ports from some of its climate change indices Adani Group issued a statement with respect to MSCI's action on dropping Adani Ports from some of its climate change indices

Paytm in focus again as analysts query CEO on path to profits Over the weekend, One97 reported losses widened to 4.74 billion rupees in the July-to-September quarter from a year ago amid rising expenses

Scandals aside, it’s time for the big money to really show up To move on, Toshiba needs hedge funds and private equity investors to roll their sleeves up and get involved