Around 1,000 employees of Unacademy were laid off recently. Experts believe, it was trying to control cash burn after hiring to meet ambitious targets. So what is the road ahead for ed-tech sector?
A recent IMF working paper said that India’s consumption inequality during the Covid-affected 2020-21 fell to near the lowest level in the last 40 years. It was due to the govt’s free ration scheme
Manufacturers of summer appliances are happy with the recent spur in demand, but are also apprehensive of lockdown in parts of China leading to supply chain disruption. Here’s an insight into it
Tata Group’s much-awaited super-app will finally be launched tomorrow. Tata Neu is bringing all the company’s digital services in one place, while also doubling down on its consumer-facing businesses
Monday morning kicked-off with the news that HDFC Ltd was merging with HDFC Bank. Deepak S Parekh, who oversaw the merger, is a relieved man now. Find out more about the 77-year-old industry veteran
The new financial year brought with it a slew of changes in the tax regime. Income arising from the transfer of virtual digital asset will invite a 30% tax. How will it impact Indian crypto industry?
A set of changes related to income tax are coming into effect from the first day of the new financial year. One of the highlights is the 30% tax on cryptocurrency gains. What are the other changes?
Citigroup has sealed the deal with Axis Bank to sell its consumer businesses for nearly $2 bn. What does Citi’s exit from India mean for its customers here? And what Axis is going to gain from it?
India has finally inked free-trade agreement with UAE. Delhi has extended ‘national treatment’ status to UAE firms in bidding for central govt tenders. Why has it raised concerns in several quarters?
This year, OTT streamers achieved the feat of scooping the best movie award, apart from 35 nominations in the Academy Awards. But back home, OTT’s future is linked to vernacular programs and films
India is exploring a rupee-rouble trade mechanism with Russia to circumvent the sanctions on Moscow by the US and its allies. What are the options and how feasible will they be in the long run?
Export of Indian goods crossed the $400 bn mark for the first time, nine days before the current fiscal drew to a close. Which are sectors that drove this growth? And will it sustain? Let’s find out
Rising crude oil prices, depreciating rupee and burgeoning raw material costs have put companies across sectors in a tight spot. Take a peek into this inflation conundrum and the effect on consumers
Zomato on Monday promised to deliver food within ten minutes of ordering, arguably becoming the first company in the world to do so. So, what does it mean for the food delivery ecosystem?
On his first visit to India, Japanese Prime Minister Fumio Kishida pledged an investment of $42 billion over the next five years. So, what are the specifics of this fresh investment? Let us find out
Online food-delivery platform Zomato is set to take over Blinkit -- which pioneered the 10-minute grocery delivery as Grofers. And it’s a win-win deal for both. Find out more about the proposed merger
With two major wheat exporters locked in a war, the world is now looking for countries that can fill the void. Will India be able to rise to the occasion? Can it overcome the logistical bottlenecks?
A sudden jump in Covid-19 cases has forced China to impose lockdown in at least 13 cities. Find out the impact this will have on Indian smartphone manufacturing
Months after Paytm IPO shook investors’ confidence, a recent audit shook RBI’s trust in its implementation of ‘know your customer’ norms. But are all financial institutions adhering to these norms?
The govt’s plan to mop up over Rs 60,000 cr by selling 5% stake of LIC this financial year seems to have hit a roadblock, because of the war in Ukraine. Find out the implications of this delay