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Zomato To Hike Stake In Blinkit

Ut World June 27, 2022 0

In an effort to step up its game as competition in the quick-delivery industry heats up, food delivery company Zomato Ltd. is scheduled to acquire local grocery delivery startup Blinkit for 44.47 billion rupees ($568.16 million) in an all-stock deal. Rivals Swiggy, Dunzo, BigBasket, Zepto, and Continue Reading

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Adani family to donate Rs 60K crore with a focus on health, education, skill

Ut World June 25, 2022 0

Gautam Adani and his family have promised to pay Rs 60,000 crore, one of the largest charity contributions by an Indian corporate family, to support healthcare, education, and skill development, according to a statement from his logistics-to-energy conglomerate. The Adani Foundation will be in charge of the donation. The statement read, “There is an ever-growing […]Continue Reading

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Netflix fires 4% of employees

Ut World June 24, 2022 0

Netflix, one of the world’s leading OTT platforms, has laid off 4% of its staff. With this, about 300 people lost their jobs. For the first time in a decade, the low number of subscribers led the company to cut costs and lay off employees. The company’s decision could cost about 150 jobs in the […]Continue Reading

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South Indian Bank to seek shareholders’ approval to raise Rs 2,500 cr in July AGM

Ut World June 23, 2022 0

South Indian Bank (SIB), a private sector lender, intends to raise up to Rs 2,500 crore in order to strengthen its capital basis for commercial growth and comply with regulatory requirements. At the previous AGM for the previous fiscal year, the bank’s shareholders had approved this fund raising, but the bank did not actually raise […]Continue Reading

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Welcome to India, Tesla and Elon Musk, but…: Heavy Industries Minister

Ut World June 19, 2022 0

Elon Musk and Tesla are welcome to visit India, but the government will not compromise in any way on the Aatmanirbhar Bharat or self-reliant India policy, Union minister Mahendra Nath Pandey said on Saturday. American electric carmaker Tesla, which has been seeking a reduction in import duties to sell its vehicles in India, will not […]Continue Reading

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Bank of Baroda raises interest rates on fixed deposits

Ut World June 18, 2022 0

Bank of Baroda (BoB), a public sector bank, has hiked interest rates on fixed deposits below Rs 2 crore. The Bank of Baroda has hiked interest rates on June 8, 2022, after the Reserve Bank of India raised the repo rate. The bank has hiked interest rates on fixed deposits of one to three years. […]Continue Reading

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Exports of Indian wheat to the UAE will be halted for four months

Ut World June 15, 2022 0

The United Arab Emirates (UAE) has placed a four-month ban on wheat and wheat flour exports and re-exports from India, the world’s second-largest producer of the grain, according to state news agency WAM. The UAE’s economy ministry said the move was motivated by disruptions in global trade flows, but that India had permitted wheat exports […]Continue Reading

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On the mushrooming of electric vehicle startups, Rajiv Bajaj had this to say

Ut World June 11, 2022 0

Rajiv Bajaj, the Managing Director of Bajaj Auto, took aim on Friday at the exploding number of electric vehicle (EV) startups and a series of recent fires in some EVs, questioning the underlying manufacturing process. Mr Bajaj, who spoke at the inauguration of Bajaj Auto’s wholly-owned subsidiary Chetak Technology Ltd’s dedicated electric vehicle manufacturing Continue Reading

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Covid untangles the ‘Racket,’ which includes a BPO, discounted Air India tickets, and unpaid dues

Ut World June 8, 2022 0

When a Chandigarh-based travel agent called Air India’s customer service centre in February last year to get clarification on a Kathmandu flight he was about to book for a passenger, he unwittingly became a part of a scam that cost him and others over Rs 50 lakh. The nefarious operation, which involved booking Air India […]Continue Reading

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PM will unveil a special series of coins and kick off FinMin and MCA’s Iconic Week celebrations

Ut World June 6, 2022 0

On Monday at 10:30 a.m., Prime Minister Narendra Modi will open the Iconic Week Celebrations of the Ministries of Finance and Corporate Affairs at Delhi’s Vigyan Bhawan. The Azadi ka Amrit Mahotsav, which runs from June 6 to June 11, is hosting the week. According to a PMO release, he will issue a special series […]Continue Reading