BUSINESS
Indian consumer tech brands stand tall against Chinese invasion
The secret sauce behind the success of homegrown audio and wearable brands like BoAt, Noise and Fire-boltt has been a healthy mix of product, price, placement and promotion.
Healthtech startup MFine bags Rs 356 cr to build a virtual hospital
The startup said the new funds will help it invest into expanding its hospital, diagnostics and e-pharmacy network across the country and building tech-driven care delivery products for both acute and chronic conditions patients.
UK Revenue grants Indian-owned Essar Oil extension to settle VAT arrears
Chief Financial Officer of EOUK, Satish Vasooja, stated: "With this time to pay arrangement, we now have a significant runway to stabilise our balance sheet which has been adversely impacted by the (Covid-19) pandemic."
SEBI relaxes eligibility norms for issue of shares with 'superior voting rights'
As per the relaxed norms, the net worth condition of SR shareholders has been changed to include an individual whose net worth is not more than Rs 1,000 crore.
China electricity crunch forces blackouts for households and factories
Companies in the country's industrial heartlands have been told to limit their energy consumption in order to reduce demand for power, state media reported. And supply has been cut to some homes, reportedly even trapping people in elevators, the report said.
SEBI approves creation of Social Stock Exchange, easier M&As
In a statement, the regulatory body listed the various decisions that were taken during the meeting such as approval for the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021.
SC dismisses Adani's plea against gas distribution bids in Ahmedabad
A bench of Justices U.U. Lalit, S. Ravindra Bhat, and Hrishikesh Roy upheld the Gujarat High Court's September 2018 judgment, which allowed supply of natural gas as a clean and green fuel in the three areas of outer Ahmedabad region, by state-run gas distributor Gujarat Gas.
SEBI fines Venugopal Dhoot, two others on charges of insider trading
In its order, the SEBI has imposed Rs 25 lakh fine each on Dhoot and Electroparts (India) Pvt Ltd (erstwhile Shree Dhoot Trading and Agencies Ltd), and Videocon Realty and Infrastructures Ltd for possible insider trading and volume manipulation. Based on the findings of the investigation, the SEBI initiated adjudication proceedings in the matter and issued show cause notice to all the promoter entities.
IndiGo, American Airlines ink codeshare agreement
In aviation parlance, a codeshare agreement allows airlines to sell seats on each others' flights in order to provide passengers with a wider choice of destinations. Accordingly, the agreement on 29 of IndiGo's domestic routes in India will provide a wider travel option for American Airlines' customers arriving on the carrier's new Bengaluru and Delhi flights.
49 IT companies from Kerala to take part in Dubai GITEX
Besides this, 19 startups from the Kerala Startup Mission will also participate in the event. A majority of the IT companies are from the Technopark in Thiruvananthapuram, while the rest are from the IT parks in Kochi and Kozhikode. Kerala IT Parks CEO John M. Thomas said that the state will organise a special business-to-business meet for expatriate industrialists and entrepreneurs to explore global market opportunities.
Don't Miss
Advertisement