Investments for building long-term presence in India remain intact: Coca-Cola
Beverage major Coca-Cola's long-term investment plans in India remain intact despite coronavirus-induced economic turbulence, a key company executive said.
...
Business
Need calibrated call in reducing import dependence from China: SBI Ecowrap
India needs to take a calibrated call in reducing import dependence from China and not through sudden stops.
...
Edtech firm Unacademy acquires PrepLadder for Rs 112 crore
Bengaluru-based edtech firm Unacademy on Tuesday announced to acquire PrepLadder, a leading post-graduate medical entrance exam preparation platform, for $50 million (approx Rs 112.3 crore).
...
HDFC Bank cuts interest rates on loans by 20 bps
The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect....
70% startups hit by Covid-19, 12% shut: FICCI-IAN survey
he Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70 per cent startups.
...
Jio killer app serves Rs 13,500 p.a. spoiler on Zoom party
While video conferencing app, Zoom has a 40 minute limit on group meetings in its basic or free plan, JioMeet, soft launched on Google Playstore and iOS on Thursday, has a 24-hour limit on group meetings, absolutely free....
'Threatened' Zoom says not worried about JioMeet competition
With Reliance Jio launching a Make in India free video-conferencing application JioMeet that directly takes on Zoom, the US-based company said on Saturday they are not worried about the upcoming competition and know what it takes to become a successful unified communications platform....
'Liquidity, asset quality risks for NBFIs remain elevated'
Rating agency Fitch Ratings on Thursday said that India's non-bank financial institutions will continue to face elevated near-term risks, even as economic activity picks up with the easing of the country's nationwide lockdown.
...
JSPL reports 12% rise in Q1 Steel Sales amid Covid-19
Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during April-June quarter in the midst economic crisis triggered by coronavirus pandemic....
Facebook hires 3 new directors to boost Partnerships business in India
Facebook on Wednesday announced to appoint senior Samsung executive Francis Jose, former Amazon Alexa head Manohar Hotchandani and ex-Viacom and Fox executive Paras Sharma as three new directors to join its growing Partnership team in India.
...