Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
Pharma major GlaxoSmithKline Pharmaceuticals Ltd has sold its Worli plot for Rs 107.6 crore (Rs 1.08 billion) to I-Ven Realty Ltd, a joint venture between ICICI Venture Funds Management Company Ltd and Oberoi Constructions.
Australia finished on top of the standings despite losing 2-3 to Olympic champions Argentina earlier in the day. India, which needed just a draw to progress, finished second.
Top Indian shuttlers, including K Srikanth and Parupalli Kashyap in men's singles and P V Sindhu in women's singles, advanced to the second round after easy victories on the first day of the main draw in the Syed Modi International Badminton tournament, in Lucknow, on Wednesday.
Close on the heels of a cut in the interest rate on long term domestic deposits, State Bank of India is now contemplating a downward revision in its prime lending rates.
A summary of sports events and persons who made news on Sunday
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
Grandmaster and former national champion B Adhiban crashed through the defences of former women's world champion Antoaneta Stefanova of Bulgaria to remain in joint lead in the Masters section of Tradewise Gibraltar Chess Festival.
With razor-sharp focus on deliveries and customer experience, powered by strong in-house technology built ground-up, Swiggy is emerging as the food ordering platform of choice.
Sayre Therapeutics aims for a spot among top 5 players in oncology.
A look at the top tweets from your favourite Bollywood celebrities.
Here's how to make sesame seed brittles for Makar Sankranti. Share your fav recipes!
A summary of sports events and persons who made news on Saturday
Here are some festive recipes to delight your loved ones this Makar Sankranti.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
They swear by vegetarianism to not only save our environment and animals, but also to maintain their lithe, sculpted figure.
Indian Grandmaster P Harikrishna started his campaign by outclassing Eric De Haan of Holland in the first round of the Masters' section of Tradewise Gibraltar Chess festival at the Caleta in Gibraltar.
Here's how to make this traditional Gujarati winter speciality. Want to share your fav recipe? Write to us!
Globally, the viability of on-demand businesses is being questioned
A number of smaller players are said to be gasping for breath.
As the Lok Sabha election draw closer, a weary Congress is gradually getting reconciled to the idea of a stint in the opposition even though its strategists are convinced that the party will win up to 140 seats. Anita Katyal reports.
Indian Grandmasters Vidit Gujrathi and S P Sethuraman placed themselves for a medal contention as they defeated Jorge Cori of Peru and Vladislav Kovalev of Belarus respectively in the 12th and penultimate round of World Juniors Chess Championship.
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