Withdraw product offering life insurance benefits: Irdai directs Go Digit The regulator also asked the insurer to withdraw advertisements regarding the product from all media

TCS to announce Q3 FY22 results, 3rd interim dividend on January 12 TCS says the third interim dividend, if declared, will be paid to the equity shareholders whose names appear on the register of members or in the records of the depositories as beneficial owners

PGCIL celebrates first anniversary of One Nation-One Grid-One Frequency All possible measures are taken to ensure that the grid frequency always remains within the 49.90-50.05 Hz (hertz) band

HUL moves to allay distributors' concerns All India Consumer Products Distributors Federation had written to 24 FMCG companies, seeking similar product pricing and margins which are offered to business-to-business companies such as JioMart, Walmart, Metro Cash and Carry, Booker, Elasticrun and Udaan

Ola CEO Bhavish Aggarwal shares update on electric scooter deliveries The Bengaluru-based unicorn is hobbled by the global chips dearth

The top 10 bankruptcy stories of 2021 Bankruptcies driven by mass litigation defined 2021 as corporate defaults hit their lowest level in decades

SpaceX project’s FAA review delayed after receiving 18,000 comments Environmental review is one part of commercial space licensing process for facility in Boca Chica, Texas

China Evergrande shares drop on reports it missed coupon payments Shares of Evergrande Property Services Group and China Evergrande New Energy Vehicle Group also fell

Paisabazaar.com and Axis Bank launch pre-qualified personal loans The pre-qualified program on Paisabazaar.com entails deep technology and analytics collaboration with banks and non-bank financiers, which enables select customers to view customized and pre-qualified lending offers on the fintech's platform

Sime Darby could enter Indonesia, India in quest for ‘next China’ Sime Darby earns about 88% of its revenue from outside Malaysia

When the consumer goes on an emotional roller-coaster ride The deadening of reactions when catastrophes become routine has been observed in war-torn regions of the world. We are like that today

China's troubled ride-hailing giant Didi reports $4.7 bn Q3 loss The troubles for Didi -- once called China's Uber -- began after it listed in New York in June, seemingly against the wishes of Beijing.

Cars24 joins hands with Bajaj Finance This move follows a Series G funding round announced in December 2021 that saw the company raise $400 million.

Haier India's Eric Braganza set to retire, Satish NS named president of company Braganza will continue to mentor the team as a consultant. He will also continue to be president of industry body Consumer Electronics and Appliances Manufacturers Association

Samsung, Micron warn China's lockdown could disrupt memory chip manufacturing The lockdown in Xian puts further pressure on global supply chains and adds to a torturous year for exporters facing sharply higher freight costs even as prices for raw materials including semiconductors skyrocket

Women force change at Indian iPhone plant, sick from bad food, crowded dorms The tumult comes at a time when Apple is ramping up production of its iPhone 13 and shareholders are pushing the company to provide greater transparency about labour conditions at suppliers

SBI ready to embrace new interest rate benchmarks as LIBOR era ends All the new transactions will be referenced to the new benchmark rates from January 1, 2022, as per the recommendations of RBI and other banking regulators across the world

E-commerce hiring up 28 pc in 2021; 2022 likely to be even more promising: TeamLease ​​Hiring activities have resumed in most of the industries, even the ones which faced maximum impact last year,'' said Ajoy Thomas, VP & Business Head (Retail, E-Commerce, Logistics & Transportation), TeamLease Servi…

Elon Musk exercises final batch of Tesla stock options behind CEO’s recent share The billionaire has now exercised more than 22 million options that were due to expire in August 2022

NTPC seeks strategic investor for renewables unit before IPO next year: Report NTPC Renewable Energy Ltd., a fully owned subsidiary of the New Delhi-based firm, plans international roadshows in the fiscal year starting April to find a partner and hopes an investor will boost the value of the subsequent IPO, said an …

Central Bank of India launches RuPay Business Platinum Debit Card Along with purchase protection coverage of ₹2 lakh, customers using RuPay Business Platinum Debit Card will get accidental death and air accident coverage worth ₹10 lakh and ₹20 lakh respectively

Zetwerk raises $210 mn from Greenoaks Capital, others at $2.7 bn valuation Zetwerk will be using the funds for growth and general corporate purposes, including capital expenditure

Mamaearth parent raises $37 mn at unicorn valuation from Sequoia affiliate The company had raised $50 million in July from European investment firm Sofina Ventures SA and Sequoia Capital, which had then valued the personal care products company at $730 million

RECPDCL hands over transmission SPV to IndiGrid The SPV had been formed for the construction of transmission project for supplying electricity from 1 gigawatt (GW) renewable energy projects in Osmanabad 

Paytm Payments Bank appoints three new independent directors Paytm Payments Banks has announced appointment of three independent directors

IndiGo offers flight tickets from ₹ 1122 in flash sale IndiGo ₹1122 sale is valid on travel from January 15, 2022, to April 15, 2022

Mazagon Dock Shipbuilders approves interim dividend, fixes record date Mazagon Dock Shipbuilders' board has declared 7 January as the record date for reckoning eligibility of shareholders for the purpose of payment of interim dividend

Tata AIA Life Insurance registers 39% YoY growth in Q2 FY22 Tata AIA Life's total premium income increased 23% to Rs. 5,255 crore in the first half of the current fiscal as against Rs. 4,269 crore in H1 FY21.

SoftBank-backed GlobalBees joins unicorn club with $111.5 mn funding Steadview Capital, along with existing investors SoftBank and e-commerce baby products company FirstCry participated in the funding round, the company said

This tech company offering over ₹ 1 crore in bonuses to select employees The payouts aren’t part of normal Apple compensation packages, which include a base salary, stock units and a cash bonus

Tech firms may hike pay by 120% to hire, retain niche talent People in high demand include full-stack engineers, data scientists, data engineers and backend engineers, according to recruitment consultancy firm Xpheno.

Annapurna Finance raises ₹ 260 cr in latest funding round Annapurna Finance said the $35 million investment from Encourage Capital, Accion, and existing investor Oikocredit is the third fundraising during 2021.

China says it complained to UN about Elon Musk’s SpaceX satellites Two satellites from the US company founded by Elon Musk came close to the station in July and October, forcing astronauts on board to take evasive action, China Foreign Ministry spokesman Zhao Lijian said.

Ashoka Builders buys Hyderabad land for ₹ 235 crore Ashoka Builders intends to build a mixed-use development, combining premium residential development and Grade A commercial space by June 2025. It plans to further invest around ₹250 crore to develop this mixed-use community

Cipla to launch oral anti-viral covid drug Molnupiravir in India The CDSCO has approved anti-Covid pill Molnupiravir along with 2 covid vaccines for restricted use in emergency situation

ITC commissions solar plant in Tamil Nadu at an investment of ₹ 76 crore ITC plans to achieve 50% reduction in specific emissions and 30% reduction in specific energy consumption by 2030 over a 2014-15 baseline, as part of its sustainability agenda

Amid rising revenues, IT cos must crack the talent code in 2022 For a long time, IT services companies have been talking about non-linear growth, which would allow them to increase revenues without increasing headcount. As digitization boosted their revenues during the pandemic, it also highlighted how far behind th…

Apple closes its New York City stores to shoppers after Covid spike Apple has temporarily closed many stores in recent weeks as it copes with the highly contagious omicron variant, but it’s trying a different approach with the New York shutdown

Starboard takes 6.5% stake worth around $800 million in GoDaddy The domain registrar has a market value of about $12.7 billion

Some European companies struggle to calculate how much of their business is green Large firms in Europe will next year have to disclose which parts of their operations fall under the EU’s green taxonomy

Dips and spreads company The Gourmet Jar raises $150,000 in funding round The funding comes at a time when The Gourmet Jar is bullish on developing its online channels and introducing new products

China Evergrande says construction has resumed at vast majority of its projects Founder and chairman predicts recovery even as property giant’s debt issues remain unresolved

Foxconn India iPhone plant extends closure, workers' hostels inspected: Report The factory, which employs some 17,000 people, had been due to resume some operations on Monday but is now expected to restart production with 1,000 workers on Thursday, the report said, adding that the state govt had conducted inspec…

Paras Defence bags DRDO contract for border surveillance tech This technology has been transferred by a licensing agreement for transfer of technology for border surveillance Systems entered between Paras Defence, IRDE and DRDO.

Who was entrepreneur Pankhuri Shrivastava? What happened to her? Shrivastava launched a women-focused social community platform called Pankhuri in 2019.Earlier, she founded rental startup Grabhouse, which was sold to online classifieds company Quikr

Sterlite Power arm bags 2nd lot in transmission auction in Brazil The annual permitted revenue (RAP) of the project is BRL 7.093 million ($1.3 million)

Oil India to set up green hydrogen plant in Assam The pilot plant will generate green hydrogen using AEM technology, it said without giving details

RBL Bank's financial health stable, no reason for depositors to worry, says RBI RBL Bank has maintained a comfortable capital adequacy ratio of 16.33% and provision coverage ratio of 76.6%. The liquidity coverage ratio of the bank was 153% as on 24 December as against regulatory requirement of 100%