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Pickrr targeting 80-90% next-day deliveries; unveils 10 fulfilment centers

The company delivers 3 million shipments per month, and with the target of next-day deliveries, it aims to take this number higher, it said, adding that it has unveiled 10 fulfilment centers across the country.

BMW iX sold out on first day of launch in India

BMW had introduced the model in India on Monday.

Maruti Suzuki Super Carry crosses one lakh cumulative sales mark

The vehicle, which comes with a four-cylinder engine and both petrol and CNG options, caters to the versatile requirements of the commercial customers.

Sachin Tendulkar joins Spinny as strategic investor, lead brand endorser

Spinny, however, did not disclose the amount of investment by Sachin Tendulkar in the company.

Aditya Birla Fashion Retail to take over Reebok’s operations in India

Aditya Birla Fashion Retail on December 14 announced that it will take over Reebok’s operations in India.

Adani Green Energy inks pact with SECI to supply 4,667 MW renewable energy

The AGEL-SECI agreement to supply 4,667 MW is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020, which set a record for being the world#39;s largest solar development tender ever awarded

Sterlite Power to expand transmission projects in Brazil for Rs 250 crore

Sterlite Brazil Participaes S.A. (Sterlite Power Brasil), a subsidiary of Sterlite Power Transmission, is preparing to to expand transmission and substation projects in the states of Minas Gerais and Paraiba, the company said.

Skoda commences production of new version of SUV Kodiaq

«The new Kodiaq is part of the overall SUV offensive of the Group in India. With the start of production at our facility in Aurangabad, we add yet another product that provides the Indian customer with the best of technology, safety, and comfort,»

TVS Motor Company makes fresh investment in Ultraviolette Automotive

The company, which has been an early backer of Ultraviolette, has led the investment in this round, it added.

Smartworks to invest $25 million in new tech venture for workspace management

The new firm #39;Smartworks Technology Services#39; will be a 100 per cent subsidiary of Smartworks and it aims to launch a building operating platform and workspace management SaaS product.

Edelweiss hikes stake in Edelweiss Wealth Management to 44.16%

PAG, a leading Asia-focused investment group, continues to be the majority shareholder in EWM with 55.84 per cent stake.

Zydus gets nod to conduct Phase II clinical study in patients with CAPS in Australia

The company has received permission to initiate the Phase II clinical study of its NLRP3 inhibitor ’ZYIL1’ in patients with CAPS in Australia.

Gravita India starts new battery recycling unit in Gujarat; plans to invest Rs 62 crore

In Phase-I, the plant has a capacity of 19,500 MTPA and the company has incurred a capital expenditure of Rs 32 crore on it, out of which Rs 26 crore has been funded through external borrowings and remaining by internal accruals, Gravita India said in a regul

Flipkart in talks to invest $100 million in Ninjacart funding round: Report

This would be the startup’s biggest funding from a leading e-commerce business and Flipkart parent Walmart is also likely to invest, the report said

MC Insider: Crypto mania, investor gone quiet, deal buzz, talent flight and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

Global chip shortage to continue till second half of 2022 : Samsung

TM Roh, President of Samsung Mobile, addressed the issue during a meeting with senior executives and executives from over 30 of its major smartphone component suppliers.

India#39;s forex reserves decline $1.783 billion to $635.905 billion

In the previous week, the reserves had slid by $2.713 million to $637.687 billion.

Apollo TeleHealth globally becomes first to get ISO certification from BSI

A press release from the Apollo Hospitals Group said on Friday that the certification provides direction with a focus on the quality and risk management methods required to define guidelines for distinct remote health and care services and it belongs to a cla

Apollo TeleHealth globally becomes first to get ISO 13131:2021 certification

A press release from the Apollo Hospitals Group said on Friday that the certification provides direction with a focus on the quality and risk management methods required to define guidelines for distinct remote health and care services and it belongs to a cla

Passenger vehicles sales dip 19% in November as chip shortage woes continue: SIAM

The passenger vehicle (PV) dispatches last month stood at 2,15,626 units, down 19 per cent from 2,64,898 units in November 2020.

Multiple agencies, myriad laws, copious documentation: Why a National Logistics Policy is critical to boost exports 

Since 2019, the government has been discussing a national policy that would ease logistics bottlenecks through a coordinated response. But the policy has not been announced until now. A parliamentary panel has now questioned the ministry over the inordinate d

India Post Payments Bank enables recurring payments via NPCI Bharat Bill Pay platform

The revamped bill payments platform will provide both IPPB and non-IPPB customers with a convenient doorstep payment solution

Imports made up 86% of India’s gold supply from 2016-2020, says WGC

According to a World Gold Council report, bullion banking is one of the key pillars to address multiple challenges faced by India’s gold market, such as a lack of quality assurance, the unorganised state of the market and a lack of trust in internationa

Zerodha’s Nithin Kamath urges feedback to SEBI consultation paper on algo trading platforms

Zerodha co-founder and CEO Nithin Kamath also linked his blog post titled #39;The rise of Algo trading platforms and everything you need to know#39;, which has been updated on December 9 and the SEBI consultation paper for those interested,

Elon Musk sells Tesla shares worth $963.2 million, show filings

Elon Musk also exercised stock options to buy 2.17 million Tesla shares, it also showed

Asian shares slip ahead of key United States inflation data

MSCI#39;s broadest index of Asia-Pacific shares outside Japan lost 0.4 percent and Japan#39;s Nikkei shed 0.5 percent. Further, The Hong Kong benchmark lost 0.24 percent due to China Evergrande’s first bond default

Dr Reddy#39;s Laboratories seeks DCGI#39;s nod for phase-3 trial of Sputnik Light as booster dose

Stating the Sputnik Light is the Component 1 of the Gam-COVID-Vac Combined Vector Vaccine (Sputnik V), P Madhavi, the Director-Regulatory Affairs at Dr Reddy’s Laboratories, proposed to use batches of the vaccine manufactured at Hetero Biopharma Limited

SEBI mulls regulatory framework for algo trading by retail investors

In market parlance, algo trading refers to any order that is generated using automated execution logic.

New US jobless claims again drop to 1969 levels

The Labor Department said 184,000 new seasonally adjusted claims for jobless aid were made last week, much less than expected and 43,000 less than the previous week#39;s level.

Indian economy likely to grow 9% next fiscal: Credit Suisse

For the current financial year, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 percent, and printing in at around 10.5 percent.

BHARAT Bond ETF series III: Collections cross Rs 6,200 cr, #39;overwhelming response#39;, says Edelweiss MF MD

The new fund offer, which opened on December 3, recorded an oversubscription of 6.2 times against the base issue size of Rs 1,000 crore.

Don#39;t foresee any coal shortage till March 22: Coal India Chief

Coal India chairman Pramod Agrawal said the last quarter saw «high» output, and issues related to the production of Central Coalfields Ltd and Bharat Coking Coal Ltd are also getting resolved.

Collective progress of all nations to ensure sustainable inclusive recovery: FM Nirmala Sitharaman

While participating virtually at G20 International Seminar hosted in Bali by the G20 Presidency of Indonesia, the finance minister stressed on the critical role of multilateralism and collective action in achieving the goal of global recovery, according to a

Asian Development Bank approves Rs 2,645-crore loan to improve urban services in India

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation, Asian Development Bank said in a release.

Treat crypto or digital tokens as securities of special class: CII

Centralised exchanges and custody providers that may be established in India, must be required to register with SEBI and to adhere to KYC and AML compliance requirements that apply to financial markets intermediaries, it said, adding they should be held legal

Italy fines Amazon record $1.3 billion for abuse of market dominance

Amazon said it «strongly disagreed» with the Italian regulator’s decision and would appeal.

Telecom industry seeks spectrum at reasonable prices, rationalisation of taxes: Vodafone Idea CEO Ravinder Takkar

VIL Managing Director and CEO Ravinder Takkar while speaking at India Mobile Congress said recent reforms announced by the government are steps towards addressing financial stress and legacy issues in the sector.

Bharti Airtel launches #39;Startup Innovation Challenge#39; with Invest India

Under the Startup Innovation Challenge, early-stage technology companies are being invited to demonstrate differentiated solutions in areas such as 5G, Internet of Things (IoT), Cloud Communications, Digital Advertising and Digital Entertainment, Airtel said

Bank of Maharashtra, NPCI partner to launch Contactless Credit Card on RuPay Platform

The BOM Platinum RuPay Contactless Credit Card has been specially curated with a range of benefits suiting the requirement of the customers, the Bank said in its press release.
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