Banking technology start-up Zeta is the latest entrant to the unicorn club after raising $250 million in its Series C round from SoftBank Vision Fund 2. Sodexo participated as an additional minority investor in the round. Founded by serial entrepreneur and billionaire Bhavin Thurakia, the startup is now valued at $1.4 billion. It is the 14th company this year to cross the $1 billion valuation mark after Meesho, Cred, Pharmeasy, ShareChat, Moglix and others.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'When Covid first struck, the lockdown resulted in clean air in major Indian cities.' 'You were able to see the Himalayan range from Ludhiana.' 'In Delhi, you were seeing deer and stags all over the city because there was no traffic.' 'It was incredible. Nature was waiting to come back.'
'We remain positive on technology, private sector financials, gas, infrastructure, and export-oriented plays.'
British Prime Minister Boris Johnson on Monday confirmed the UK's first death from the Omicron variant of coronavirus, the first known fatality from the highly transmissible variant of Covid-19 in the world.
'The actual amount due to Jet Airways employees is Rs 1,200 crore, and the management is giving only Rs 52 crore.'
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Punjab Kings head coach Anil Kumble was extremely satisfied with the new players, including Liam Livingstone and Odean Smith, coming to his franchise during the IPL 2022 Player Auction, the dynamics of which were "very different and challenging".
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India managing director Swaminathan J said on Thursday. If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans, which shall ultimately lead to better resolution of the asset quality stress for all. The government is yet to announce the specific contours of the NARC or the bad bank and has also only said that it is willing to provide some sovereign guarantee to help the platform.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
Tax Guru Anil Rego answers your personal income tax queries.
'We leave it up to the players to decide whether or not they want to participate and request NOCs'
Parliament on Tuesday passed amendments to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI, a move aimed at protecting the interest of depositors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
It is learnt that BCCI president Sourav Ganguly, secretary Jay Shah and CEO Hemang Amin have all got in touch with their Cricket Australia counterparts after complaints reached them. They have been assured that the Indian contingent will be made to feel comfortable from here on. The series is tied 1-1 currently.
The BCCI Ombudsman Justice D K Jain has asked former India captain Sourav Ganguly to clear his stand on allegations of conflict of interest in his role as Delhi Capitals advisor while serving as president of Cricket Association of Bengal.
From the 30-share pack, 24 companies fell, with Yes Bank emerging as the top loser, dropping 8.36 per cent, followed by NTPC, M&M and Vedanta.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
And it was this lifestyle that he was banking on to recover.
'The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner.'
Exactly 13 years after he impressed with his incisive swing bowling in the Under-19 World Cup and the inaugural edition of IPL, left-arm seamer Pradeep Sangwan will now be a designated "net bowler" for Delhi Capitals in the UAE along with five others.
All BSE sectoral indices ended in the red, with oil and gas, bankex, capital goods and finance falling up to 3.04 per cent.
Indian elections are won and lost on 'negative' imageries and campaigns - but not certainly on 'negativity' as a political trait and electoral creed, asserts N Sathiya Moorthy.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
Delhi Capitals are closing in on a play-off berth with 12 points from six games
Though Covid cases are rising in Delhi and its satellite towns, the focus should be on hospital admissions that have remained the same or changed just marginally, say several scientists, underscoring that the uptick is not an indication of a fourth wave in the country at this point.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
'Rahul inspired Indian industry with an ethos, an ethos of being more confident, more independent, more thorough, more competitive, more generous, more public-spirited, and more national and more international all at once,' remembers Naushad Forbes.
The government wants new domestic companies to set up their manufacturing units fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, revenue secretary Tarun Bajaj said on Friday. Stating that direct and indirect tax collections are going up and have good buoyancy, Bajaj said it means that the corporate sector is also doing well, and India's tax to GDP ratio could be "highest ever" in the current year. The Budget 2022-23 presented on February 1 has proposed that the concessional 15 per cent corporate tax rate would be available for one more year till March 2024 for newly incorporated manufacturing units.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
An adverse outcome against the BJP in UP can well be taken into its stride by the ruling combine at the Centre, argues Virendra Kapoor.
The Chinese government is imposing severe restrictions on their tech companies - whether it is on data security, marketing practices or floating an IPO. Should this be music to the ears of Indian start-ups and home-grown private equity (PE) funds? Ask Indian start-ups and the answer is a resounding "yes".
Mumbai Indians have steamrolled Capitals in their previous three meetings during the season, winning the first leg by five wickets, return leg by nine wickets and the first qualifier by 57 runs.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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