BUSINESS
India Pay-TV industry revenues to grow at 7% CAGR over 2020-25
MPA estimates India's active DTH homes will grow from 58 million in 2020 to more than 68 million in 2025. Meanwhile, cable's share of pay-TV subscribers will decline from 54 per cent in 2020 to 46 per cent by 2025 while IPTV will pick up a small share after rolling out later in 2021.
WeWork India raises Rs 200 crore, aims for profitability in 2021
The company said that following the challenging period for the industry due to the lockdown last year, it has bounced back and pivoted to adapt favourably through new flexible product offerings. WeWork India said that it is aiming for profitability in 2021.
76% growth in digital payments in India in last 12 months
As tourism opened up, Jammu and Kashmir made it to the top 10 'Digitally Inclusive States/Union Territories for the first time, with a growth of 36 per cent in online transactions in the January-March period, ranking above Uttar Pradesh, Madhya Pradesh and Haryana, according to data provided by full-stack financial solutions company Razorpay in its 'The Era of Rising Fintech' report.
Brokerage firm Upstox suffers data breach, says users' data safe
"We brought in the expertise of this globally renowned firm after we received emails claiming unauthorised access into our database. These claims suggested that some contact data and KYC details may have been compromised from third-party data-warehouse systems," the company said in an earlier statement on Sunday.
TVS Motor moped sales down in FY21
The two and three wheeler maker TVS Motor is the only company that rolls out mopeds. The company makes TVS XL model. Last fiscal TVS Motor produced a total of 636,218 mopeds, down from 649,678 units during 2019-20.
GS1 India elevates S. Swaminathan as CEO
Prior to his elevation, Swaminathan was the Chief Operating Officer and led the Business Development and Industry Engagement departments at GS1 India, in the last decade. He brings in 28 years of experience in leading sales and project management, channel development, supply chain management, customer support teams for domestic as well as the international markets.
Covid disruptions push down fuel demand in decades
Fuel consumption, an important barometer of the health of an economy, had shown contraction for the first time in two decades falling by a big margin of over nine per cent in FY21 as pandemic related lockdowns curbed economic activity and reduced the movement of goods and services across the country.
Microsoft to buy speech-recognition firm Nuance for $16B: Report
According to a CNBC report citing sources on Sunday, Microsoft first approached Nuance in December last year. At about $56 per share for Nuance, the acquisition value could be nearly $16 billion. At $16 billion, Nuance would be Microsoft's second largest acquisition after LinkedIn that the company bought in 2016 for $27 billion.
Flipkart ties up with Adani Group for logistics, data centre services
In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, a wholly owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart's supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers, said a statement.
Sensex down 1,100 points amid rising Covid cases
An across-the-board selloff was led by finance, banking, auto and metal stocks.Around 10 a.m., Sensex was trading at 48,488.66, lower by 1,102.66 points or 2.22 per cent from its previous close of 49,591.32. It opened at 48,956.65 and has so far recorded an intra-day high of 48,956.65 and a low of 48,112.17 points.
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