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  • Unacademy raises $440 million from Temasek, Softbank Vision Fund
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    Unacademy raises $440 million from Temasek, Softbank Vision Fund

    BENGALURU: Ed-tech company Unacademy said it raised $440 million in a funding round led by Singapore’s Temasek and other investors such as General Atlantic, Tiger Global, and Softbank Vision Fund, which valued the company at about $3.5 billion. The Series H funding round also had participation from Aroa Ventures, the family office of Oyo founder […] More

  • SoftBank-backed Indian insurance startup Policybazaar files for Rs 6,018 crore IPO
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    SoftBank-backed Indian insurance startup Policybazaar files for Rs 6,018 crore IPO

    BENGALURU: SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to Rs 6,018 crore ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months. Indian food-delivery firm Zomato had a stellar public debut last month, while fintech firm Paytm has filed for a […] More

  • Digital payment platform Square to buy Afterpay for $29 billion
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    Digital payment platform Square to buy Afterpay for $29 billion

    WASHINGTON: US digital payment platform Square, founded by Twitter boss Jack Dorsey, announced Sunday it will acquire Australia’s Afterpay Limited for $29 billion. Afterpay specializes in the “buy now, pay later” model that offers users staggered payments, often without extra charge. The fintech application is available in Australia, the United States and Canada, as well […] More

  • Zoom to settle US privacy lawsuit for $85 million
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    Zoom to settle US privacy lawsuit for $85 million

    SAN FRANCISCO: Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday. The suit charged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn was a breach of privacy for millions. While Zoom denied wrongdoing, it did agree to improve its security practices. […] More

  • Dhoot moves NCLAT against Vedanta’s Videocon plan
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    Dhoot moves NCLAT against Vedanta’s Videocon plan

    MUMBAI: Venugopal Dhoot has challenged the National Company Law Tribunal’s approval for the resolution plan of Vedanta’s Twin Star Technologies for Videocon Group in the appellate tribunal NCLAT. In the appeal, he has claimed that Videocon’s foreign oil and gas assets held through foreign subsidiaries are an integral part of the group and the resolution […] More

  • Need to revisit direct taxes, says N K Singh
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    Need to revisit direct taxes, says N K Singh

    In 1991, as joint secretary in the finance ministry, N K Singh played a key role in negotiating loans with international agencies and other lenders. In an interview, Singh, who was the chairman of the 15th Finance Commission, talks about the need to rework India’s tax strategy. Excerpts:How do you see India’s evolution from a […] More

  • RBI expected to hold interest rate this week
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    RBI expected to hold interest rate this week

    MUMBAI: Downside risks to the RBI’s 9.5% growth projection have ebbed. However, the central bank is expected to keep rates on hold and continue with its accommodative stance in its monetary policy committee (MPC) meeting, which concludes on August 6. According to analysts, the first sign of a decision by the RBI tapering off its […] More

  • Car sales remain buoyant in July
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    Car sales remain buoyant in July

    NEW DELHI: As the festive season comes closer, auto companies started stocking up at dealerships and reported a healthy growth in wholesale numbers in July. Except for Hero MotoCorp, all the other automakers reported strong numbers in July, as companies such as Maruti, Hyundai, Tata Motors and Toyota remain optimistic about demand over the coming […] More

  • GST revenue collection for July at over Rs 1.16 lakh cr
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    GST revenue collection for July at over Rs 1.16 lakh cr

    NEW DELHI: The gross GST revenue collected in the month of July 2021 was Rs 1,16,393 crore. Out of the total revenue collected CGST was Rs 22,197 crore, SGST was Rs 28,541 crore, IGST was Rs 57,864 crore — including Rs 27,900 crore collected on import of goods — and Cess was Rs 7,790 crore […] More

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