Page 3 - Indian Business

Wirecard's India deal started with 'fraud': London judges panel

Hermes was sold at a valuation of $40 million, before being acquired by Wirecard for more than $250 million

Reducing pendency of complaints is priority: ICAI president Jambusaria

Govt has to balance between ease of doing biz and ensuring compliance, says Jambusaria

Pandemic forced Indian biz to rely on cloud tech more than ever before

An NTT report on cloud technology says about 89 per cent of Indian businesses agree that the pandemic has forced their business to rely on technology more than ever before

India's internet startups on cusp of IPO, combined value at $180 bn: Report

India's internet startups leaders that operate business ranging from food delivery to e-commerce are now on the cusp of listing, a report said putting their combined value at $180 billion by 2025

Budget 2021 to be a tougher balancing act than India's other annual Budgets

A combination of stepped-up social spending - including on long-neglected healthcare - and a state-led infrastructure push will make the recovery both durable and inclusive

BharatPe to raise over Rs 5,000 crore in debt funding in next 2 years

Financial Technology firm BharatPe on Wednesday said it plans to raise over Rs 5,000 crore in debt funding in next 2 years to build its lending business

Indian businesses in Britain welcome EU-UK trade and cooperation agreement

Domestic banks operating in Britain are among 5,500 with passport authorisations into Europe

Indian govt invites bids to sell its 63.75% stake in Shipping Corporation

The Indian government invited bids to sell its 63.75% stake in Shipping Corporation of India to a private investor, in a key asset sale that was delayed due to the coronavirus pandemic

Nokia starts production of its next generation 5G equipment in India

Telecom gear maker Nokia said it has started production of 5G equipment in India and they are being shipped to countries that are in advanced stages of deploying the next-generation technology

Jio to roll out 5G services in India in second half of 2021: Mukesh Ambani

"I assure you that Jio will pioneer the 5G Revolution in India in the second half of 2021. It will be powered by indigenous-developed network, hardware and technology components," Ambani said

Dabur, Marico hit out against each other at ASCI over claims on honey

Two leading homegrown rival FMCG brands Dabur and Marico are in an open spat with each other over claims regarding their honey brands and have taken the matter to advertising regulator ASCI. Dabur on Sunday said it is filing a complaint against rival Marico before the Advertising Standards Council of India (ASCI) for claiming its Saffola Honey sample being passed through the NMR test. The Noida-based company claimed Marico's Saffola honey has failed the NMR (Nuclear Magnetic Resonance) test and is misleading the consumers. "Dabur is filing a complaint in ASCI against Marico as their Saffola Honey sample from the market has failed the NMR test. Test reports clearly indicate the presence of sugar syrup in Saffola honey. Their claim on NMR test is misleading the consumers," Dabur claimed in a statement. However, Dabur's claim was refuted by Marico contending that Saffola Honey is also compliant with each of the quality parameters mandated by FSSAI". Earlier, Marico had filed a compla

Raymond cautiously optimistic about business recovery amid Covid, says CMD

Raymond, which has its majority business interests in textile and apparel, is "cautiously optimistic" about recovery amid the Covid-19, its Chairman and Managing Director Gautam Hari Singhania said

India Inc sees a faster return to pre-Covid profits than other countries

A majority of Indian businesses intend to increase financial investment in their business over the next year, notably higher than the global average.

Time for tech solutions designed in India, but deployed for world: PM Modi

PM Narendra Modi said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information era

JSW Infra completes acquisition of Chettinad Group's port biz for Rs 1K cr

JSW Infra will also modernise its port assets which now have a combined cargo handling capacity of 17 million tonnes per annum

NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures

The National Company Law Tribunal has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh

Global trends, Covid developments to drive markets in coming week: Analysts

Investors' focus will move to global trends and developments on the Covid-19 pandemic front amid lack of any major domestic trigger in a holiday-shortened week ahead, analysts said

Adani rise fuels criticism of concentration of capital in few hands: Report

Gautam Adani's mushrooming empire has become a focus of criticism for those who believe that capital is being concentrated in the hands of a few favoured corporate titans

India's economy is reviving and festive season's online sales show it

In the run-up to the festival, retailers including Amazon.com Inc. and Walmart Inc.'s Flipkart saw a 55% jump in online sales from a year ago to $4.1 billion, according to RedSeer

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg