Serum Institute of India’s chief Adar Poonawalla has picked up a 20 per cent stake in community-driven social media platform Wakau Interactive Pvt Ltd, a unit of digital entertainment and technology firm JetSynthesys. Wakau offers a combination of mobile-first screen experience and short video content in entertainment and fashion domains […]

After the record-breaking IPO rally with as many as 65 issuers collecting a whopping Rs 1.35 trillion so far this year, the market frenzy is set to continue next year with new issues worth over Rs 2 trillion ($26 billion) in the pipeline, according to a report. The year 2021 has seen […]

Finance minister Nirmala Sitharaman has said in Parliament that the Centre is taking a series of measures to rein in rising prices of edible oils and other essential commodities. She said this after her government announced one of the strictest clampdowns on futures trading in agricultural commodities. Thereafter, the Centre […]

Wall Street’s main indexes jumped more than 1.5% on Tuesday, with strength in travel and economically sensitive shares as well as in Nike and Micron Technology following their earnings, as stocks rebounded from a coronavirus-fueled rout the session before. The rapidly spreading Omicron variant of the coronavirus has rattled stock […]

The Zambian subsidiary of resources giant Vedanta Resources Ltd has further committed to assisting the fight against the increasing number of Covid-19 infections in the southern African nation. On Monday, Vedanta distributed 4,000 masks to commuters, adding to the 10,000 masks already distributed to the communities living around its operations […]

The government has initiated various measures to provide relief and financial support to various sectors of the Covid-19 hit economy, at the same time, fiscal consolidation is also under focus, the Finance Ministry said in a report. Increasing the buoyancy of tax revenue through improved compliance, mobilisation of resources through […]

The World Health Organization’s top official in Europe urged governments on Tuesday to prepare for a significant surge in coronavirus cases across the continent due to the omicron variant, which is already dominant in several countries. We can see another storm coming, WHO Europe regional director Dr. Hans Kluge said […]

The first phase of the final placement season at the Indian Institute of Technology (IIT) Bombay has seen the institute post a 162.5 per cent jump in the highest domestic cost-to-company (CTC) package. IIT Bombay has received the highest domestic CTC package of Rs 1.68 crore per annum this year […]

Turkey’s emergency measures to bolster the volatile lira are in effect an interest rate hike in disguise, steps that leave the government budget more vulnerable to future currency shocks. The Turkish currency had lost more than 50% of its value against the dollar since September as President Recep Tayyip […]

The Cabinet has not taken any decision on privatisation of two Public Sector Banks (PSBs), which the government had announced in Budget 2021-22, Parliament was informed on Tuesday. In the Union Budget for financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in […]