LiveIndiGo Market Share Soars to 6-Month High
Connectivity to new destinations, including Mopa (Goa) and Nashik, helped market leader IndiGo push its market share to a six-month high in March. However, low-cost...
Category : BUSINESS
Government Reimposes Windfall Tax on Crude Oil; Levy on Diesel, Petrol and ATF nil
To rationalise the petroleum sector’s tax structure, the government has reimposed a windfall tax on domestically produced crude oil of Rs 6,400 per tonne. Petrol...
HDFC-HDFC Bank Merger to be Completed in July
HDFC Bank chief financial officer Srinivasan Vaidyanathan said HDFC Bank, the country’s largest private bank, will complete its reverse merger with its parent Housing Development...
Cred Launches Peer-to-Peer UPI Transactions
Fintech unicorn Cred, which started as a credit card payments platform in 2018, has begun facilitating peer-to-peer Unified Payments Interface (UPI) transactions, the company said...
Google Withdraws SC Appeal Against NCLAT Order, Refuses to Stay on CCI’s Rs 936 Crore Fine
Tech giant Google on April 17 withdrew the Supreme Court’s order against the National Company Law Appellate Tribunal (NCLAT) for refusing to stay on the...
Like PhonePe, Axis Bank Develops New Grocery Platform on ONDC
Axis Bank, one of India’s largest private banks, is preparing to launch a new consumer-facing buyer platform built on India’s Open Network for Digital Commerce...
Blinkit Delivery Riders Go on Strike as Payout Reduced Rs 15 per Delivery, 60+ Dark Stores Shut
Zomato-owned quick commerce platform Blinkit has reportedly shut down over 100 dark kitchens in Delhi-NCR regions of Gurugram, Faridabad, Ghaziabad, Noida, and Greater Noida due...
Nike, Adidas Shoemaker Pou Chen to Invest Nearly $281 Million in India
A subsidiary of Pou Chen, the world’s largest maker of branded sports shoes, will invest Rs 2,302 crore ($280.86 million) to set up a manufacturing...
HDFC Bank Q4 Results Out: Profit Increase Lower Than Expected, Asset Quality Stable
HDFC Bank Ltd, India’s largest private sector lender, reported a 19.8% YoY rise in its standalone net profit to Rs 12,047.5 crore for the fourth...
Elon Musk’s New Startup, X.AI Corp, to Rival ChatGPT and Bard
Elon Musk, Twitter owner and Tesla founder is reportedly working on launching an artificial intelligence startup that will rival ChatGPT-maker OpenAI. The new company is...