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Category: Business Updates

Business Updates

IPO boom: Market value of 57 listings in 2023 up 870%, 52 trading at premium

November 13, 2021By businessreputationdata

This means investors, mainly promoters and institutional investors, have seen an overall appreciation of Rs 430,000 crore in their wealth from these IPOs.

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Business Updates

Riding on equity schemes, mutual fund assets cross Rs 50 lakh crore in December

November 12, 2021By businessreputationdata

Mutual fund folios touch an all-time high

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Business Updates

No safe harbour for Google on misuse of trademark: Delhi HC

November 10, 2021By businessreputationdata

This means Google will be legally bound if advertisers use another company’s trademark to improve their search ranking and that affects the trademark owner or confuses consumers. Besides, the ruling could affect Google’s advertising revenue, experts said.

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Business Updates

Larsen & Toubro profit rises 45% to Rs 3,223 crore in second quarter

November 10, 2021By businessreputationdata

International revenues during the quarter at Rs 21,898 crore constituted 43 per cent of the total revenue.

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Business Updates

Finance Minister calls for inter-govt cooperation to curb smuggling, catch masterminds

November 9, 2021By businessreputationdata

Finance Minister Nirmala Sitharaman was speaking at the Global Conference on Cooperation in Enforcement Matters organised by the Directorate of Revenue Intelligence.

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Business Updates

Retail inflation jumps to 4.81% in June, remains within RBI’s tolerance range

November 8, 2021By businessreputationdata

In March, Sebi barred 24 entities from the securities market based on prima facie findings, and now it has confirmed the ban against nine of them.

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Business Updates

Razorpay acquires digital invoicing startup BillMe

November 7, 2021By businessreputationdata

Founded in 2018 by Kuber Pritmani, Jai Hemrajani and Rupam Jain, BillMe has served over 4,000 businesses and 15,000 retail Points Of Sale (POS).

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Business Updates

Online retailer eBay to slash 1,000 jobs, reduce contracts

November 7, 2021By businessreputationdata

San Jose, California-based eBay is the latest tech company to roll out a series of layoffs after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online.

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Business Updates

Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July: RBI

November 6, 2021By businessreputationdata

Despite the rise in interest rates, the credit outstanding in housing (including priority sector housing) rose 37.4 per cent annually in July to Rs 24.28 lakh crore, the RBI data shows.

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Business Updates

Recurring food price shocks pose risk to inflation expectations: RBI Governor Das

November 6, 2021By businessreputationdata

“The frequent incidences of recurring food price shocks pose a risk to anchoring of inflation expectations, which has been underway since September 2022. We will remain watchful of this…,” Das said while delivering a lecture at Delhi School of Economics.

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