India

06 Dec

Paytm to bring 10 mn sellers to ONDC by 2025 end: Vijay Shekhar Sharma

Priyanka BhowmickBusiness, IndiaBusiness, india

Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, said on Monday that the company is considering bringing 10 million merchants by 2025 to the government-backed Open Network for Digital Commerce, adding that the firm has routed around 11.8 million customers from its products from the platform, news agency PTI reported. "Paytm's ecosystem is built around small merchants and our mission is to help small merchants and small businesses be part of the mainstream economy. We have done that through payments. We have paid new customers who want to get new customers. That's where ONDC comes in. We…

05 Dec

Byju’s founder pledges homes worth Rs 100 cr to pay salaries of staff

Priyanka BhowmickBusiness, IndiaBusiness, india

Byju Raveendran, the founder of Indian ed-tech company Byju's, pledged his home and those owned by his family members to raise money to pay his employees, Bloomberg News reported on Monday. The assets include two homes owned by the billionaire founder's family and an under-construction villa in the southern Indian city of Bangalore as collateral for a $12 million loan, the report said, citing people familiar with the matter. The surplus of funds will help pay the 15,000 employees of the troubled company's parent Think and Learn Pvt Ltd, the report added. The company is facing several setbacks, including investors…

04 Dec

Bajaj Chetak Urbane electric scooter launched at 1.15 lakh

Priyanka BhowmickBusiness, IndiaBusiness, india

Bajaj has relaunched the Chetak Urbane electric scooter in India. It now features a few changes compared to the previous version and here is what the updated Bajaj EV now offers. On the design front, the Chetak Urbane looks like the premium trim. It boasts round LED headlights, curvy body panels, a single-piece seat, and a flat floorboard. Chetak e-scooter's retro appeal is intact. However, it also gets a dash of modern features with the new TechPac. It offers urban model features such as heel hold, reverse mode, complete smartphone connectivity package that includes tamper alerts, OTA updates, and more.…

02 Dec

Salaar: Part 1 Trailer launch: Prabhas and Prithviraj in their fierce mode

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Most Anticipated Trailer of the Year - 'Salaar Part 1 Ceasefire' is out now! Directed by Prashanth Neel, this movie stars Prabhas, Prithiviraj, Shruti Haasan, and Jagapathi Babuin in lead roles. The trailer was launched at 7:19PM and the trailer gives the audience a sense of action and thrills on screen. The 3 minutes 46 seconds long trailer gives fans a full thrill and the movie also depicts the friendship shared between the two friends. The runtime of the movie is 3 hours 47 minutes. Director Prashanth Neel revealed that he got the idea to make Salaar a few years…

02 Dec

Centre tightens grip against ‘dark patterns’

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

The government has banned the use of "dark patterns" — intentionally designed deception — by e-commerce and all other online platforms when selling products and services that manipulate customers and force them to sign up or buy products they don't mean or tempt them to buy more expensive products. The government has informed the adoption of this as an "unfair trade practice". Under the Consumer Protection Act, offenders can face fines and disciplinary action from the Central Consumer Protection Authority (CCPA) and can also be prosecuted before the Consumer Commission. In a Gazette Notice issued by the CCPA titled "Guidelines…

01 Dec

Celebs express happiness and pride on social media, appreciates rescue team that pulled out 41 trapped workers

Business CorrespondentIndia

Huge celebrations took place in the house of those workers who had spent their hard times in the collapsed part of Uttarakashi's Silkyara tunnel for 17 days. The team members of 22 agencies NDRF, BRO, Indian Army, Indian Air Force, NHIDCL, SJVNL, THFCL, RVNL, ONGC, Coal India and others worked hard under the rescue operation which was of 400 hours and finally succeeded in rescuing them safely on Tuesday night (28th December 2023). Actor Akshay Kumar took to Instagram to express his happiness and pride, commending and applauding the full hearted efforts of the rescue team engaged in this remarkable…

01 Dec

Priyanka Chopra sends flowers and a hand-written note for Vir Das on his Emmy win

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Stand-up comic Vir Das on Thursday thanked Priyanka Chopra Jonas for her wishes on winning her International Emmy Award and praised the actor for opening doors for the rest of the Indian talent from around the world. On November 20, Vir Das became the first Indian to win an International Emmy for his Netflix stand-up special Veer Das: Landing in the Best Comedy category. The 41-year-old shared a congratulatory note and a picture of chopra jonas, founder of production house Purple Pebble Pictures. On the microblogging site X, Vir Das wrote, "Thank you @priyankachopra for the flowers and for every…

30 Nov

D-Mart’s Hurun India crowns Radhakishan Damani as India’s top self-made entrepreneur

Priyanka BhowmickBusiness, IndiaBusiness, india

Radhakishan Damani, veteran investor and founder of retail chain D-Mart, has topped the list of top 200 self-made entrepreneurs of the Millennia 2023, with a market capitalization of Rs 2.38 lakh crore. He is closely followed by Binny Bansal and Sachin Bansal, founders of e-commerce behemoth Flipkart, with an equity value of Rs 1.19 lakh crore, according to an report of IDFC First Private Hurun India published on November 30. The list also includes Zomato's Deepinder Goyal and Dream 11 promoters Bhavit Sheth and Harish Jain, with a market cap of Rs 86,835 crore and equity value of Rs 66,452…

30 Nov

Gautam Adani back among top 20 billionaires

Priyanka BhowmickBusiness, IndiaBusiness, india

Billionaire Gautam Adani is back in the league of the world's 20 richest people after a recent surge in the group company's shares. Adani is now ranked 19th on the Bloomberg Billionaires Index with a net worth of $66.7 billion as of 29 November. Adani Group stocks added over Rs 1.34 lakh crore to investors' wealth on Tuesday. While the group's market capitalization lost some gains on Wednesday, the rise lifted Adani into the top 20. Shares of Adani group companies rose after the Supreme Court upheld its confidence in SEBI's probe into the Hindenburg allegations. The top court, while…

29 Nov

Madhya Pradesh gets India’s largest tiger reserve in Damoh, to be operational in next two to three months

Business CorrespondentIndia

In a latest development, Damoh district in MP (Madhya Pradesh) is on a way to become home to the India's largest tiger reserve, said a forest department official. The union govt has issued a notice accepting the proposal to merge the Noradehi Sanctuary with the Durgavati Sanctuary of the Damoh district, which will create a huge tiger reserve extending upto 2,300 sq km. According to Damoh's Forest Divisional Officer, MS Uikey, the initiative to create new tiger reserve will provide a safe place for the area's tiger population, which at present stands to 16. The merger is also expecting to…