BUSINESS
2020: A year of coronavirus, M&A & claims for non-life insurers
At a time when the private sector is witnessing mergers and acquisitions, the central government scrapped its earlier plan to merge National Insurance Company Ltd, Oriental Insurance Company Ltd and United India Insurance Company Ltd into one.
RBI's 60% high-frequency indicators reach above pre-Covid levels
All the parameters were closely monitored in October, only 2 among them (Monthly equity investments by mutual funds and the monthly outstanding for certificates of deposits) were way worse as compared to the level in February, while the Covid-19 that was originated in China, was seen in India as well.
RBI revises FY21 growth to (-)7.5% from (-) 9.5% on current recovery rate, vaccine hopes
The revision comes after the narrowing of the GDP contraction for the July-September, along with hopes of early availability of Covid-19 vaccines.
Tata vs Mistry: Supreme Court to hear matter on Dec 8
The bench had told Sundaram, "Why have you filed the IA...why don't we got with the final hearing?" The bench reminded him that it had kept the matter on that day for final hearing, yet an IA has been filed.
Is China's Ant Group considering Paytm stake sale?
Ant Group has a 30% stake in the digital payment. The speculation, however, was denied by both Ant Group and Paytm.
Burger Kings India's IPO kicks off
Retail investors, who are willing to invest in the IPO can buy a lot of 250 shares and a maximum of 3,250 shares.
Wendy's to open 250 Cloud kitchens in tie-up with Rebel Foods
A cloud kitchen is the one that doesn't offer dine-in facility and accepts food orders only through the online ordering system.
Airbnb seeking a valuation of up to $35 billion in its IPO
The company is currently planning to price its IPO on December 9 and is set to begin share trading on the Nasdaq global select market.
Tata Group's eyes set on a deal to buy BigBasket
Tata Group is in advanced talks to buy as much as 80% of online supermarkets service, BigBasket in a deal.
GST collection above 1 lakh crores in November
GST collections were slumped to a record level of Rs 32, 172 Crore in April after that government had imposed a nationwide lockdown because of the Coronavirus pandemic. The collections are taking upon the mark of above Rs 1 lakh for 2nd month in a row.
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