LiveLike 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...
Category : BUSINESS
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...
Top US Banks Exceed Earnings Estimates on Rising Interest Rates
Asia’s Nikkei reported that top US banks delivered solid quarterly profit growth on Friday, beating analysts’ expectations, as the sector’s biggest lenders shrugged off the...
Ashok Leyland Launches “Re-AL”, a New e-marketplace for Used Commercial Vehicles
On Saturday, Hinduja Group’s Truck and Bus Manufacturing subsidiary, Ashok Leyland, announced the launch of a new e-marketplace, ‘Re-AL’, which will aim at the used...
US Fed Approves UBS’s Plan to Takeover US Subsidiaries of Credit Suisse
UBS Group AG has received approval from the US Federal Reserve to acquire Credit Suisse’s US subsidiaries. The deal, brokered by the Swiss authorities, will...
Vedanta Board Approves Plan to Issue NCDs to Raise Rs 2100 Crore
The board of Vedanta Ltd, a global natural resources and mining company, authorised a proposal to raise Rs 2,100 crore by issuing secured, redeemable, and...
NFRA Imposes Ban, Fine on DHFL Branch Auditors
The National Financial Reporting Authority (NFRA) has imposed a total ban and a fine of Rs 400,000 on four partners of an audit firm, Varghese...