Business news

Salesforce completes $27.7 billion acquisition of Slack

Salesforce has completed its acquisition of Microsoft Teams rival and enterprise chat platform Slack. Salesforce claims that merging Slack with its Customer 360 platform will alter the industry.

Jul 22, 2021

SEBI probing some Adani group cos, says Minister; Firm denies any query received so far

Minister of State for Finance, Pankaj Chaudhary informed Lok Sabha that the SEBI is investigating some Adani group companies with regard to compliance with regulations but the company denied receiving any communication in this regard so far

Jul 20, 2021

Sensex down by 383 points; GR Infra, Clean Science make debut at 100% premium

Sensex was down by 383 points on Monday when markets opened though GR Infra and Clean Science elevated spirits with their debut at 100% premium

Jul 19, 2021

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore; what's next for JD [details]

These investments will leverage Just Dial's existing database of 30.4 million listings and its existing consumer traffic of 129.1 million quarterly unique users.

Jul 16, 2021

OYO becomes first Indian startup to be rated by Moody's and Fitch; raises $660M in debt funding [details]

OYO is the first Indian startup to be publicly rated by Moody's and Fitch, two of the leading international rating agencies, which put the startup in the 'non-investment grade' category.

Jul 16, 2021

FedEx invests $100 million in Delhivery; unlocks India's cross-border trade [details]

As part of the collaboration, Don Colleran, President and CEO of FedEx Express will be nominated to join the Delhivery Board of Directors. With the fresh capital, Delhivery's valuation was expected to rise to over $3 billion.

Jul 16, 2021

Sensex sheds gains on Friday morning, falls 200 points from day's high

Sensex touched an all-time high of 53,290.81 and the Nifty50 on the National Stock Exchange hit a record level of 15,952.35 points on Friday morning

Jul 16, 2021

Two-year-old Mithraa needs ₹16 crore drug to live; Govt waives off customs, GST [details]

The sum total of GST, import duty and other taxes amount to a whopping 35 percent of the cost of the medicine. The life-saving drug needs to be administered to a child less than two years to treat a rare genetic disorder of spinal muscular atrophy.

Jul 16, 2021

Governments across the globe demanding Twitter to remove content of reporters, news outlets

From July 1 to December 31, it received over 14,500 requests for information worldwide, with 30 percent of those requests resulting in the production of part or all of the requested information

Jul 15, 2021

RBI bans Mastercard from onboarding new customers in India [here's why]

Mastercard will have to advise all card-issuing banks and non-banks to conform to the latest directions given by the apex bank.

Jul 15, 2021

Centre hikes Dearness Allowance to 28%; benefits 50 lakh central govt employees [details]

The decision was taken in the Cabinet Committee meeting chaired by Prime Minister Narendra Modi at his official residence earlier in the day.

Jul 14, 2021

Adani Group takes over Mumbai Airport from GVK group

Mumbai International Airport Limited (MIAL), India's second busiest airport by both passenger and cargo traffic, passed on management from the GVK Group to Adani group

Jul 14, 2021

Taxpayers make note; contribution to Patanjali Research Foundation get tax exemption [details]

The Income Tax Department granted five-year tax exemption to Patanjali Research Foundation Trust by recognising it as a research association.

Jul 14, 2021

Fish didn't survive, exports dipped; how Chennai's Kolathur market suffered amid pandemic [details]

Difficulty in accessing fish fodder during lockdown meant the fish in their ponds couldn't survive, while reduced turnover and dip in exports means the traders can barely put food on their table.

Jul 14, 2021

Zomato IPO opens on July 14; should you subscribe for listing gains [full details]

The company expects that after listing, its valuation can reach $ 8 to 10 billion i.e., Rs 60 thousand to Rs 75 thousand crores

Jul 12, 2021

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Business news

Salesforce completes $27.7 billion acquisition of Slack

SEBI probing some Adani group cos, says Minister; Firm denies any query received so far

Sensex down by 383 points; GR Infra, Clean Science make debut at 100% premium

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore; what's next for JD [details]

OYO becomes first Indian startup to be rated by Moody's and Fitch; raises $660M in debt funding [details]

FedEx invests $100 million in Delhivery; unlocks India's cross-border trade [details]

Sensex sheds gains on Friday morning, falls 200 points from day's high

Two-year-old Mithraa needs ₹16 crore drug to live; Govt waives off customs, GST [details]

Governments across the globe demanding Twitter to remove content of reporters, news outlets

RBI bans Mastercard from onboarding new customers in India [here's why]

Centre hikes Dearness Allowance to 28%; benefits 50 lakh central govt employees [details]

Adani Group takes over Mumbai Airport from GVK group

Taxpayers make note; contribution to Patanjali Research Foundation get tax exemption [details]

Fish didn't survive, exports dipped; how Chennai's Kolathur market suffered amid pandemic [details]

Zomato IPO opens on July 14; should you subscribe for listing gains [full details]

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]