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PhonePe first player to enable UPI activation with Aadhaar

PhonePe first player to enable UPI activation with Aadhaar

09-11-2022  comments

New Delhi (IANS) Leading fintech platform PhonePe on Wednesday announced it has enabled UPI activation using Aadhaar-based OTP authentication.

PhonePe is the first UPI Third Party Application Provider (TPAP) App to roll out the Aadhaar-based…

India saw 6?cline in hiring in Oct amid funding winter: Report

India saw 6?cline in hiring in Oct amid funding winter: Report

08-11-2022  comments

New Delhi (IANS) India saw a 6 per cent drop in hiring activity (year-on-year) in October, amid changing patterns in the start-up ecosystem, funding winter and fears of an upcoming recession, a report showed on Tuesday.

Month-on-month job postings…

India Cements posts Rs 137 cr loss, to increase price

India Cements posts Rs 137 cr loss, to increase price

07-11-2022  comments

Chennai (IANS) Impacted by high input prices, which it was not able to pass on, cement major India Cements Ltd closed second quarter of FY23 with a net loss of Rs 137.58 crore, a top company official said.

He also said the situation was better…

B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn

B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn

06-11-2022  comments

New Delhi (IANS) Business-to-business (B2B) e-commerce platform Udaan, which raised $120 million just last month, has sacked nearly 350 employees who were on the regular payroll, while asking hundreds of contractual workers to leave too.

Company…

Cement companies mull price hike of Rs 10-30/bag

Cement companies mull price hike of Rs 10-30/bag

05-11-2022  comments

Chennai (IANS) Cement companies are planning to hike the price between Rs 10 and Rs 30 per bag in November after a increase of about Rs 3-4/bag last month, said Emkay Global Financial Services Ltd.

Emkay Global in a recent sectoral report said…

Reliance Capital COC divided on Challenge Mechanism

Reliance Capital COC divided on Challenge Mechanism

04-11-2022  comments

Mumbai (IANS) The Committee of Creditors (COC) of Reliance Capital, which met on Friday to decide on the Challenge Mechanism process, remained divided and undecided on the modalities of the proposed process to be adopted in the bidding process.

Indigo reports net loss of Rs 15,833 million in Q2 FY22-23

Indigo reports net loss of Rs 15,833 million in Q2 FY22-23

04-11-2022  comments

New Delhi (IANS) Airline IndiGo reported a loss of Rs 3,818 million, excluding foreign exchange loss, for the quarter ending September 2022, compared to a loss of Rs 14,699 for the same quarter last year.

Including the foreign exchange loss…

Investors can buy gold to diversify risk: Quantum AMC

Investors can buy gold to diversify risk: Quantum AMC

04-11-2022  comments

Chenna (IANS) Gold prices ended the last month 0.7 per cent lower, supported by a depreciating rupee and festive demand for Diwali and Dhanteras, said Quantum Asset Management Company (AMC).

On the other hand, the yellow metal prices in the…

HDFC logs Rs 4,454 crore net in Q2

HDFC logs Rs 4,454 crore net in Q2

03-11-2022  comments

Chennai (IANS) Home finance company Housing Development Finance Corporation Ltd (HDFC) closed the Q2FY23 with a higher net profit of Rs 4,454.24 crore.

In a regulatory filing, HDFC said it had logged an operational revenue of Rs 15,027.21 crore…

Reliance Capital bidders flag off multiple legal issues involving Rs 20,000 crore liability

Reliance Capital bidders flag off multiple legal issues involving Rs 20,000 crore liability

02-11-2022  comments

Mumbai (IANS) As the deadline for the submission of binding bids approaches, the bidders of Reliance Capital, including Hinduja, Torrent, Zurich, and Piramal have flagged off various legal issues to the lenders and Administrator, involving Reliance…

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