“Digital Money Will Bring New Opportunities”─ Says PM Modi
PM Modi on Wednesday said that Digital Money would Make Online Payments More Secure and Risk-free and Boost Digital Economy in the Coming Years. Prime Minister Narendra Modi on Wednesday made a strong pitch on digital currency launched by RBI. According to PM, the digital rupee, proposed in the Union Budget 2022-23, can be exchanged…
John David
From Launching Digital Currency to Boosting Infra – Big Takeaways from Union Budget 2022-23
On Tuesday, finance minister Nirmala Sitaraman put forward the union budget 2022-23 in the Parliament. It is a budget worth Rs 39.45 lakh crore that prioritises investing massively in infrastructure. From developing 400 new Vande Bharat trains to the highway network extension, the government focuses on job creation and pushing the economy further. However, the…
Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL
The Government on Monday has approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71% equity in Neelachal Ispat Nigam Ltd (NINL), a joint venture of 4 CPSEs ─ MMTC, NMDC, BHEL, MECON, and 2 Odisha Government-owned companies ─ OMC and IPICOL. This is a combined decision of three Ministers ─ Transport…
Manyavar, Owner of Vedant Fashion Ltd., Float IPO Next Week
Kolkata-based fashion Ltd, the owner of ethnic wear brands, Manyavar, Mohey and Mebaz, will hit Dalal Street next week with its initial public offering (IPO). The subscription for the public issue will last for four days, starting from February 4 and lasting on February 8. Anchor investment will be able to bid on February 3. …
Yellow.ai Appointed Neeru Mehta as First Chief HR Officer
Yellow.ai, an experience (TX) automation platform, has announced Neeru Mehta as its first chief human resource officer, CHRO, on Tuesday. The company aims to expand its plan globally and hire talent across verticals with this new member in the company. In her new role, Mehta will be responsible for strengthening the employer branding and people…
Tata Sky Is Now Tata Play To Offer OTT Services
Tata Sky, one of India’s leading DTH (Direct-to-home) companies, has upgraded its television services to OTT (Over-the-top). The company will now offer television-cum-OTT services through its combined packages. The direct-to-home company Tata Sky also dropped its name after 18 years and rebranded itself as Tata Play in respect of OTT services. Tata Sky or Tata…
Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco
Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources. Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…
Samara Capital To Invest ₹ 7k Cr In FRL, Amazon Confirms
Amazon has written to Future Retail for financial concerns. The proposal includes Amazon-backed private equity firm Samara Capital and FRL, in which Samara Capital retains its interest in investing Rs. 7k Crore for buying all retail assets, according to the sources. Amazon has reached independent directors of FRL, including Gagan Singh, Ravindra Dhariwal, and Jacob…
CESL Launched Tender Worth ₹ 5,500 Cr. for 5,580 Electric Buses
Delhi: Chief Minister, Arvind Kejriwal, flagged-off first e-bus on Monday, and 300 more buses will join the public transport system soon. CESL, Central Government Agency Convergence Energy Services Ltd., launched the biggest tender ever worth INR 5,500 crore to procure 5,580 buses, including double-decor, in the capital city, New Delhi. With this, the Delhi government,…
Nupur Nagpal is Appointed As New Chief HR Officer at Myntra
Myntra, an online fashion retailer, has appointed a new chief human resource officer (CHRO) and elevated Raghu Krishnananda, who was the chief technology officer, to chief technology and product officer (CTPO). Nagpal, under her new role, will handle the business’s human resource roadmap and also focus on enriching companies human capital. Nupur has a rich…