BUSINESS
Shilpa Shetty to make a killing in Mamaearth IPO
Sources said keeping aside the unrealistic high revenue multiple valuation of the Mamaearth IPO, angel investors are going to multiply their investment with this IPO. The reported valuation for the Mamaearth IPO is at Rs 24,000 crore which is almost 25x FY22 revenues and 1600x FY22 profits (PE).
Go First flight leaves passengers behind, DGCA promises action
Many air passengers alleged that Flight G8 116 from Bengaluru to Delhi took off around 6.30 a.m. leaving nearly 50 passengers while they were still inside the bus at the tarmac. Aviation regulator DGCA said: "We have sought a report from the airline and appropriate action shall be taken afterwards."
India modernising Sri Lanka's railway line to enhance mobility
Indian public sector company, IRCON, launched a track rehabilitation and upgrading project, including ancillary works, between North Western Province's Maho and Northern Province's Omanthai, under an existing Indian Line of Credit (LOC) of $318 million at a cost of $91.27 million.
MG Motor unveils new SUV with Autonomous Level 2 tech in India
"This Next-Gen Hector enhances the stance of the MG Hector through looks, interiors, and technology. It comes with the assurance of our MG Shield programme, which offers a hassle-free and smooth ownership experience for our customers who can experience the Next-Gen Hector for themselves at our 300 centres across India," Rajeev Chaba, President and Managing Director, MG Motor India, said in a statement.
LinkedIn becomes go-to platform for those sacked in worst layoff season
Some LinkedIn groups are providing assistance around signing exit paperwork and aiding with connections for new jobs. "One LinkedIn group of employees affected by the November layoffs at Facebook-parent Meta, for example, now has more than 200 members," reports CNN.
Asia-Pacific airlines saw air cargo volumes dip 18.6% in Nov 2022: IATA
As per the International Air Transport Association (IATA), this was the worst performance of all regions and a decline in performance compared to October (minus 14.7 per cent). Airlines in the region continue to be impacted by lower levels of trade and manufacturing activity and disruptions in supply chains due to China's rising Covid cases.
Toyota Kirloskar restarts booking for Hilux utility vehicle
The bookings for the model that was launched early 2022 was stopped temporarily due to various factors impacting supply. According to the company, globally, the Hilux sales have surpassed 20 million units.The details of the ex-showroom price of the model ranges between Rs 33.99 lakh and Rs 36.80 lakh
Broadcom addresses unfair practices, proposes measures worth $15.8 mn
The Fair Trade Commission (FTC) has been looking into allegations that Broadcom violated local laws by pressing Samsung Electronics Co. to ink long-term contracts for the supply of smart device parts. The regulator believed that Broadcom has abused its position to force its partner to sign contracts
Credit worthiness of India, others in APAC to be stable: Moody's
In its latest report Moody's said, the debt sustainability and financial stability are relatively well anchored in the region, with contained government liquidity risks, broadly stable debt dynamics and generally sound external positions.
Paytm logs Rs 3.46 lakh cr in GMV for Q3 FY23, a robust 38% growth
The company said it continues to reign the market in offline payments with 5.8 million merchants now paying subscriptions for payment devices, while user engagement also continues to grow. In its stock exchange filing, Paytm said that the aSuper App'
Don't Miss
Advertisement