Economy

New Delhi: E-commerce platform Snapdeal which has become quite popular in small-town India, spent nearly Rs 161 crore on employee benefits in the fiscal year 2021, reveal its IPO draft papers. Its co-founder and CEO Kunal Bahl (appointed as…
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Seoul/New Delhi:  SsangYong Motor Co, the South Korean unit of Indian carmaker Mahindra and Mahindra Ltd, said on Wednesday it has signed an initial pact with Chinese electric vehicle maker BYD Auto Co for EV battery development.…
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Bengaluru: Online job platform Monster.com on Wednesday said that it has raised Rs 137.5 crore in a funding round led by Mohandas Pai of Meridian Investments and Akash Bhanshali of Volrado Venture Partners, with participation from Quess,…
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New Delhi: Oil marketing companies kept the prices of diesel and petrol unchanged across major Indian cities on Wednesday. Notably, fuel prices have been steady for the past one-and-a-half months now. Accordingly, diesel and petrol…
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New Delhi:  The State Bank of India (SBI) has acquired a minority stake in JSW Cement by investing Rs 100 crore in the cement manufacturer via a compulsorily convertible preference shares (CCPS). "The conversion of such CCPS into common…
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New Delhi:  The Reliance General Insurance Company said on Tuesday that it will soon come out with nine sandbox products to meet evolving consumer needs. The company has already received approval for the same from the Insurance…
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New Delhi:  Driven by an uptick in key verticals such as BFSI, telecom, manufacturing, retail and distribution, the revenue growth of domestic IT services companies is expected to be around 9-12 per cent (in dollar terms) in FY2022, a…
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New Delhi:  Reliance Industries - India's largest corporate by revenues, profits and market value - topped 2021 Wizikey News Score ranking as India's most visible corporate in the media. The recognition comes on the back of…
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Chennai: Did the Indian insurance regulator consider share premium as part of paid-up capital and issued the licence to operate to a private reinsurer? It seems so, as per the recent answers given by the Insurance Regulatory and…
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New Delhi:  The 30-scrip Sensitive Index (Sensex) rose reasonably during early trade on Tuesday, thereby rebounding from its recent sharp decline. In the past few sessions, equity markets saw a continued decline due to heavy sell offs…
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