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Wednesday, April 08, 2021
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ArGo Raises USD 1.3 million with development based in India

Cryptocurrency, a term unheard of until a few years ago but has now taken the investment market by storm, owing to the mighty rise and dazzling shine of Bitcoin. With new crypto currencies hitting the market almost every other day, the crypto market is expanding by the second. In this atmosphere, it must take something very special for someone to start Cryptocurrency-based development from India, right? ArGo, a blockchain-based, serverless app deployment platform that takes your web app to a decentralized hosting service has just achieved this seemingly unthinkable feat

Apr 19, 2021, 18:16 PM IST

Tata Steel supplying up to 300 tonnes oxygen daily to hospitals in Jharkhand and other states

In trying times such as the present owing to the COVID-19 pandemic, Tata Steel is supplying up to 300 tonnes of medical oxygen every day to hospitals across Jharkhand and other states. The company is providing liquid medical oxygen which is crucial in the treatment of the patients infected by the virus. The company's CEO and Managing Director T V Narendran said that apart from Jharkhand, the company is supplying oxygen to Uttar Pradesh, Bihar, Odisha and West Bengal as well.

Apr 20, 2021, 22:32 PM IST

Hero MotoCorp to suspend operations at all plants from Apr 22-May 1 due to rise in COVID cases

The country's largest two-wheeler maker Hero MotoCorp on Tuesday said it is temporarily stopping operations at all its manufacturing facilities across the country, including its Global Parts Center (GPC), in the wake of a surge in COVID-19 cases across India. The company has six manufacturing units located at Dharuhera and Gurugram, Haryana; Chittoor in Andhra Pradesh; Haridwar in Uttarakhand; Neemrana in Rajasthan, and Halol in Gujarat with a total yearly production capacity of 90 lakh units, as per its annual report.

Apr 20, 2021, 21:11 PM IST

IndiGo waives off change fees on domestic bookings till April 30

Airline major IndiGo waived-off change fees on new bookings made from April 17, 2021, till April 30, 2021. Besides, the airline announced that passengers can now do unlimited changes for new bookings made till April 30, 2021, on regular fares under this offer. "This offer is in line with our philosophy of providing our customers a hassle-free experience, and giving them much-needed flexibility, especially in these times," said Sanjay Kumar, Chief Strategy & Revenue Officer, IndiGo.

Apr 17, 2021, 09:28 AM IST

Mahindra Group and Jawa Motorcycles reward Mayur Shelkhe for saving a child

Not all heroes wear capes! A railway pointsman has saved the life of a six-year-old boy who fell on the railway tracks at Vangani station near Mumbai by hauling him onto a platform in the nick of time while a speeding train was approaching. After this incident, Mayur Shelkhe was lauded by a lot of people, and netizens showered so much love on him. Meanwhile, Anand Mahindra took to Twitter. He wrote, “Mayur Shelke didn’t have a costume or cape, but he showed more courage than the bravest movie SuperHero."

Apr 20, 2021, 22:36 PM IST

Indian economy to grow at historic 12.5%: IMF

India`s economy is projected to grow at the historically high level of 12.5 percent this fiscal year, but the International Monetary Fund`s (IMF) Chief Economist Gita Gopinath cautioned that the current wave of the pandemic "is quite concerning." The growth projection was raised on the basis of "evidence we were getting in the last couple of months in terms of the normalisation of economic activity," she said at the release of the World Economic Outlook (WEO) report on Tuesday in Washington. These numbers precede the current wave of the virus, which is quite concerning.

Apr 06, 2021, 22:05 PM IST

Jeff Bezos, Elon Musk top Forbes record-setting billionaire list

Forbes` annual world`s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com Inc founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra-wealthy are expanding after a year in which the coronavirus pandemic upended world economies and threatened the livelihoods of people across the globe. This year`s billionaires are worth a combined $13.1 trillion, up from $8 trillion last year, Forbes said.

Apr 06, 2021, 19:56 PM IST

IndiGo flight operations at Goa airport hit after staff go on strike

On April 6, airline major IndiGo’s services were stalled at Goa airport after staff at subsidiary Agile Airport Services Pvt Ltd, went on a strike. The low-cost airline has reportedly re-scheduled departures from the airport in the state. Confirming this development, the airline said in a statement that employees of Agile "have always received their salaries on time. We have not had any terminations even during the pandemic over the last year." The airline added that flights are operating on schedule after 'a slight delay.'

Apr 06, 2021, 17:39 PM IST

CRED raises $215 mn at $2.2 bn valuation, enters unicorn club

Fintech and ecommerce platform CRED has finally closed its Series D funding round after raising $215 million for a post-money valuation of $2.2 billion. This round saw participation from investors like Falcon Edge Capital and Coatue along with other existing and new investors. After this funding, CRED becomes the sixth unicorn which is valued at over a billion dollars in India after Digit Insurance, Innovaccer, Infra.Market, Five Star Business Finance and Meesho.

Apr 06, 2021, 19:31 PM IST

Sensex, Nifty end marginally higher after choppy trade

Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country. After swinging around 646 points during the day, the 30-share BSE Sensex settled 42.07 points or 0.09 per cent higher at 49,201.39. The broader NSE Nifty advanced 45.70 points or 0.31 per cent to 14,683.50. Asian Paints was the top gainer in the Sensex pack, rising 4 per cent, followed by Sun Pharma, HUL, HDFC, Dr Reddy's, Nestle India and M&M.

Apr 06, 2021, 16:57 PM IST