IBT Business Desk

Articles by IBT Business Desk

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Oppo F19 Pro series a hit in India; phones worth Rs 230 crore sold in just 3 days [details]

The newly-launched F19 series outsold all its predecessors by achieving more than 70 per cent growth in the first-day sale volume as compared to its last year's version F17 Pro.

Mar 24, 2021

saudi aramco, aramco ipo, aramco public issue

Saudi Aramco in talks to invest in Reliance; could be single biggest FDI to kickstart FY21-22

For Saudi Aramco, Morgan Stanley has projected stronger free cash flow in 2021.

Mar 23, 2021

CEO Sundar Pichai talks about Google's AI capabilities

What are Google Career Certificates; initiative to reskill millions of job seekers [details]

Sundar Pichai said that enrollment is now open for latest Google Career Certificates, in the fields of Data Analytics, Project Management, and User Experience (UX) Design.

Mar 14, 2021

Wipro's biggest acquisition yet - Capco at whopping $1.45 billion [details]

Wipro announced on Thursday that it would acquire the UK-based management and technology firm Capco for $1.45 billion (Rs 10,551 crore). Details here.

Mar 4, 2021

Health Insurance: How to select adequate sum insured to secure all family members

It is always better to choose a reliable insurance partner that has a good record of settling claims, including cashless health insurance claims, quickly and with ease

Mar 3, 2021

Buying home on loan made easy; SBI reduces interest rates, waives off processing fees [details]

State Bank of India on Monday is offering a limited period home loan offer, which offers lower interest rate and complete waiver of processing fees. More detials here.

Mar 1, 2021

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

RIL acquires majority stake in US-based skyTran for $26.76 million [details]

Reliance Strategic Business Ventures Limited (RSBVL) has increased its shareholding to 54.46 percent on a fully diluted basis.

Feb 28, 2021

BharatPe now valued at $922 million; gives 80x returns to investors, nears unicorn goal [details]

The Series D funding led by Coatue Management puts BharatPe's valuation at $922 million. Most recently, the startup raised $108 million (over Rs 786 crore).

Feb 23, 2021

Zomato raises Rs 1,800cr from five investors; now valued at $5.4 billion

The new valuation marks an increase from $3.9 billion valuation of Zomato in December.

Feb 23, 2021

Google commits Rs 109 crore to support SMBs in India [details]

The investment is part of the $75 million commitment from Google to help small businesses outside of the US.

Feb 17, 2021

Put more money in India, NOT China; Credit Suisse projects greater scope for rate cuts

Credit Suisse said India in a sweet spot looks much better positioned cyclically and relative to the pandemic.

Feb 16, 2021

Alphabet's VC arm backs Nothing; OnePlus co-founder's startup raises $15mn [details]

London-based Nothing has so far raised over $22 million. The company aims to expand its operations in Europe with headquarters in London and plan product launch in coming months.

Feb 9, 2021

Delhi Metro suffers Rs 1,500 crore losses during lockdown; financial stress burdens DMRC [details]

In the wake of financial distress, the DMRC has turned to seek financial assistance from the Central Government, Delhi, Haryana and Uttar Pradesh governments.

Feb 7, 2021

Mobile Premier League raises $95mn, nears unicorn status

MPL said it will use this fresh influx of funds to expand its eSports portfolio and bolster its efforts to organize more such eSports tournaments nationally and internationally at scale.

Feb 4, 2021

Falling rupee and impact on bank preparedness in fight against Covid-19

Intervention Impact: RBI expected to rein-in rising rupee (Currency Watch)

Experts contend that effects of large FIIs' inflows will be neutralised by the RBI as it aims to keep the country's exports competitiveness.

Jan 24, 2021

Should you buy Bitcoin; cryptocurrency falls below $30K, worst weekly loss in months

Two weeks ago, Bitcoin hit $42,000, but it is now down 30 per cent from that record high. According to reports, increasing calls for regulation is the reason Bitcoin has crashed so big.

Jan 22, 2021

CRED founder backs OnePlus co-founder Carl Pei's new venture [Details]

Kunal Shah, CRED founder, has invested in multiple sectors through his career and this investment is in his personal capacity. Carl Pei's new venture will be officially announced on January 27.

Jan 21, 2021

jack ma alibaba malaysia advisor adviser malaysia digital marketing e commerce india china hong kong

Seeing plight of Jack Ma; No one will invest in Chinese stocks now

Prominent investor Carson Block said Jack Ma's inability to be seen in public is just one of the reasons why China equities are uninvestible.

Jan 12, 2021

Glance transformed phone lock screens, it's now unicorn

With more than 115 million daily active users, Glance delivers AI-driven personalised content in multiple languages including English, Hindi, Tamil, Telugu and Bahasa, on the lock screen of Android smartphones.

Dec 23, 2020

Watch Boston Dynamics new robot dog open doors

Hyundai buys controlling stake in robot-maker Boston Dynamics in $1.1bn deal; what it means

The deal is also expected to allow Hyundai Motor Group and Boston Dynamics to leverage each other's respective strengths in manufacturing, logistics, construction and automation.

Dec 12, 2020

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