Lenskart takes majority stake in Japanese eyewear firm Owndays for $400 mn

New Delhi (IANS) Omnichannel eyewear unicorn Lenskart on Thursday announced it has taken a majority stake in Japanese eyewear brand Owndays in a deal that is reportedly around $400 million.

This will take the merged firm to reach 13 markets…

Cloud reduces turnaround time essential for dynamic business like ours: Zomato CTO

New Delhi (IANS) As the quick-commerce growth story takes shape in India, Zomato, which just acquired Blinkit for about $568 million, feels that quick commerce is a natural extension of its food delivery business.

India's quick commerce…

BYJU's says Aakash acquisition process on track, to be completed by Aug

New Delhi (IANS) Edtech giant BYJU's on Wednesday said that the $1 billion acquisition process of Aakash Educational Services is on track and is expected to be completed by August.

BYJU's acquired Delhi-based offline test preparatory…

Categorisation of loans as 'Fraud' destroying billions of underlying business value

New Delhi (IANS) The categorisation of loans as "Fraud" is a compliance overreach which in the process is destroying billions of underlying business value, industry sources have said.

This tagging also violates the principle of natural justice…

Cloud technology helping us deliver meaningful experiences to customers: Uni Cards

New Delhi (IANS) As the Indian fintech industry embraces Cloud-based technologies for the credit cards, buy now, pay later (BNPL) and credit EMIs market to deliver delightful experiences to the customers, Uni Cards with its unique offerings has created…

Intel offers tech-based solutions to tackle road safety issues in India

New Delhi (IANS) Intel on Monday partnered with leading technology and transportation providers, vehicle makers, academia, and government to collaborate and bring solutions to address road safety-related challenges.

The collaboration, part…

Indian non-banking finance sector's profit to be stable: Fitch Ratings

Chennai (IANS) Improving credit growth, decreasing asset-quality risks will be the character of Indian non-banking financial institutions (NBFI) during FY23, said Fitch Ratings on Monday.

According to the credit rating agency, this status should…

Kolkata port continues to bear loss as Bangladeshi ship blocks berth at NSD

Kolkata (IANS) It's been over three months now since a Bangladeshi container ship capsized inside the Netaji Subhas Docks (NSD) in Kolkata but the possibility to salvage it and clear the berth in the near future looks bleak. Syama Prasad Mookerjee…

Did Zomato buy Blinkit to offset its losses from online food delivery?

New Delhi (IANS) Online food delivery platform Zomato, which saw its stock tumbling below its IPO price as India reopened and retail food industry came back on track, had acquired quick-commerce grocery delivery platform Blinkit for a whopping Rs…

Explained: How BharatAgri leverages big data and analytics to improve farmer lives

New Delhi (IANS) As the Indian farmers embrace technologies like big data and analytics in improving crop yield, BharatAgri app is offering personalised crop advisory to the farmers by generating a personalised crop calendar using big data and analytics…