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Federal Bank arm Fedfina reconsidering capital raising options, says CEO Srinivasan Fedfina received its NBFC license in 2010, and over has 463 branches catering to gold loan, home loan, loan against property and business loan.

Vistara completes flying 50 million customers, celebrates in a special way The airline treated its 50 millionth customer with various services that included a pick-up and drop service in a luxury, chauffeur driven car, surprise cabin upgrade to business class and complimentary Gold Tier...

Elon Musk accused of not paying $500 million in severance, ex-employees sue Twitter Twitter is facing a lawsuit accusing it of not paying promised severance to laid-off employees after Elon Musk acquired the company in 2022.

Sachin Bansal's Navi Technologies lays off 20% employees: Report Navi Technologies, the NBFC startup founded by Sachin Bansal, has reportedly laid off over 250 employees, around 20% of its workforce, as part of a downsizing initiative.

Is big business really getting too big? In a few sectors, corporate concentration is a problem. In most, it needn’t be

Byju’s brings back former CBO Arjun Mohan to head international business For more than a decade Mohan was the chief business office with Byju's before joining UpGrad as its chief investment officer in 2020. He quit UpGrad in December 2022.

Elon Musk's Twitter files lawsuit against 4 unnamed Texas entities for data scraping: Report Elon Musk had earlier flagged the data scraping and limited how many tweets different tiers of accounts could read each day

Federal Bank Q1 results: Net profit jumps 42% to ₹845 crore; NII rises over 19% YoY Federal Bank’s net interest income (NII) in Q1FY24 rose 19.6% to R 1,918 crore from ₹1,604.5 crore, YoY. Net interest margin (NIM) contracted marginally by 7 basis points to 3.15% from 3.22% in the June quarter...

Amazon Pay aims to be at the top in payment aggregator space, says Vikas Bansal 'We always encourage more and more competition. In terms of whether there is a market, I think the market is huge and it will at least double or triple to what it is today. Now, how many players will have a...

Wipro Q1 results preview: Topline may fall 1.6% QoQ on weak tech spends; Q2 guidance likely to be muted Wipro is likely to report around 1.6% sequential decline in revenue in constant currency terms for the IT services segment at around ?23,000 crore in Q1FY24 given the continued weakness in its...

TCS announces annual salary increase, promotions; effective from April: Check details TCS has rolled out a salary hike for its employees, despite the impact on operating margin.

Swiggy enters retail food and grocery segment with LYNK acquisition LYNK will continue to operate as an independent business post the acquisition led by cofounder and CEO Shekhar Bhende

HCL Tech Q1 Results: 5 key highlights from the IT major's June quarter scorecard India’s third largest IT services firm HCL Tech reported 7.6 per cent year-on-year growth in consolidated net profit in the first quarter of fiscal 2023-24.

Shopify's calendar app calculator shows how much a single meeting costs, aims to cut down on unnecessary meet ups Shopify has introduced a calculator in its employees' calendar app to estimate the cost per meeting, with a 30-minute meeting potentially costing up to $1,600. The aim is to...

Patanjali to shed 7% in foods arm to meet norms The OFS is aimed to help Patanjali Foods adhere to the minimum public shareholding guidelines of Securities and Exchange Board of India (Sebi)

HDFC bows out of exchanges with record deliveries HDFC saw record high volume of ₹11,567.44 crore and the highest-ever deliverable quantity of 33.8 million shares, indicating that investors and traders took delivery ahead of the record date on 13 July to be eligible for receiving the merged HDFC...

Singh offers lifeline to SpiceJet SpiceJet will receive a capital infusion of ?500 crore from its promoter Ajay Singh, providing financial support to the struggling budget airline. The funds will be used to strengthen the airline's financial position and may be used to add Boeing Max planes...

Delhi HC rejects Go First plea, lessors free to inspect planes The Delhi High Court has rejected Go First's appeal for a stay on an interim order allowing its lessors to inspect its parked aircraft. The court has given the Directorate General of Civil Aviation 15 days to approve the airline's...

‘Household FMCG spending to touch ₹20k by mid-2025’ Household expenses on FMCG in India grew 8% in the past year, reaching an average of ?17,792, and are expected to reach ?20,000 by the end of 2025, according to Kantar. The increase in spending can be attributed to rising prices of daily...

Indian airlines to face capacity shortage in peak travel season Since the suspension of low-cost carrier Go First, domestic airlines’ fleet size has risen by just 0.9% to around 680