BUSINESS
India's Unicorns well-suited to list overseas via SPAC route: Grant Thornton Bharat
In industry parlance, 'SPAC' or 'Special Purpose Acquisition Company' is actually a shell company with no business operations which is created mainly to raise capital, through an IPO, to make acquisitions.
IMF proposes $50bn to fight Covid-19 pandemic
Despite stepped-up global efforts, more than a year into the global crisis, "new cases worldwide are higher than ever", IMF Managing Director Kristalina Georgieva, chief economist Gita Gopinath and economist Ruchir Agarwal, wrote in a joint blog published on Friday. "Urgent action is needed to arrest the rising human toll and economic strain," they said.
Mumbai born Reuben brothers 2nd on UK rich list
The Sunday Times, UK, reported this year's Rich List that identifies a record 171 UK billionaires -- 24 more than in 2020. That is the biggest jump in the 33 years The Sunday Times has been tracking the fortunes of the UK's most affluent people.
India's oil imports MoM remains flat in April
India imported 18.26 million tonne (mt) of crude oil paying about $8.5 billion in April 2021, almost the same level as 18.24 mt tonne crude oil import in March, 2021, according to Petroleum Planning and Analysis Cell (PPAC) data.
Applying Sun Tzu's strategies to the business world
Business is a fight for survival. In business as in war, leaders match their wills in pursuit of opposing outcomes; they devise strategies and marshal resources for victory. Success can turn on the smallest of details; a single tactical blunder can topple an empire. Ultimately, one side triumphs - and victory is all that matters.
Epic vs Apple: Judge grills Tim Cook as he offers mild replies
When asked what the problem is with allowing users to have choice, especially in a gaming context, to have a cheaper option for content, Cook replied: "I think they have a choice today. They have a choice between many different Android models of smartphone or an iPhone, and that iPhone has a certain set of principles behind it, from safety and security to privacy".
Air India's passenger info compromised in global data breach
According to industry sources, the data breach has impacted other global airlines as well. Recently, systems of SITA PSS came under a cyber-security attack leading to personal data leak of certain passengers. The vendor is responsible for storing and processing of personal information of the passengers. In a statement on Friday, Air India said the incident has affected around 4,500,000 data subjects in the world.
Sovereign Gold Bond Scheme-II to be issued at Rs 4,842 per gm
The settlement date under the Series II scheme has been fixed for June 1, 2021. The government in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode.
US officials rushed to defend Amazon biz practices in India: Report
The global news wire reported that emails obtained through the US Freedom of Information Act from the office of the United States Trade Representative (USTR) showed that US officials prepared a note for John Kerry, a top envoy of President Joe Biden, about the February 17 report. The note, contained in an email dated February 18, said that India's antitrust watchdog had reviewed many such allegations against US e-commerce companies.
46% of businesses in India saw rise in fraud amid pandemic: Report
According to data analytics company Experian, despite the growing risk of fraud, 40 per cent of Indian businesses indicate that they are placing more emphasis on revenue generation rather than fraud detection, which can lead to an increase in losses and a decline in customer confidence. Considering that 56 per cent of consumers in India cite online privacy as a significant concern,
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