Business

Flipkart to turn off PhonePe, digital payments business esteemed at $5.5 billion

Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was incompletely turning off PhonePe in a move pointed toward augmenting the digital payments platform’s access to funding to fuel its development. PhonePe will bring $700 million up in essential capital, Bengaluru-based Flipkart said in an explanation. “Recognizing the momentum that has been achieved, as…

Keep Reading
Business

RBI’s swift resolution of Lakshmi Vilas Bank to keep up sector stability: S&P

S&P Global Ratings on Thursday said the Reserve Bank of India’s swift resolution of troubled Lakshmi Vilas Bank will keep virus under control and help keep up soundness in the banking system. The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). As a feature of the proposition, DBIL,…

Keep Reading
Business

Wipro’s Azim Premji gave Rs 22 Crore a day in 2020, becomes “Most Generous” Indian

Wipro’s Founder Chairman Azim Premji and his family have topped the EdelGive Hurun India Philanthropy List 2020 with commitment of Rs 7,904 crore. The report counted Premji’s gift at Rs 22 crore for each day. The Founder Chairman of HCL Technologies, Shiv Nadar, and his family positioned second, trailed by most extravagant Indian Mukesh Ambani,…

Keep Reading
Business

Karnataka defines SOPs for colleges resuming from November 17

The department of higher education has planned SOPs (standardized operating procedure) according to the UGC rules, considering the opening of degree, engineering, and diploma colleges in the state from November 17. Deputy Minister Dr CN Ashwatha Narayana, who is additionally the minister of higher education informed on Monday that planning is in progress to enable…

Keep Reading
Business

BBMP to begin white-topping close to Okalipuram

The poor street condition on the road beneath the Okalipuram railway bridge and prompting the eight-path corridor has drawn the consideration of the Bruhat Bengaluru Mahanagara Palike (BBMP) chief for the third time. This time, BBMP Commissioner N Manjunatha Prasad has said that with the expanding water seepage and the poor street condition, it has…

Keep Reading
Business

New Hyundai i20 to be launched in India in the first week of November

Hyundai India released the first sketches of the new-gen i20, units of which have just started showing up at dealerships. Everyone would now be able to affirm that the third-gen i20 will be launched in India in the first week of November. Highlight features of the new India-spec Hyundai i20 incorporate the signature cascading grille,…

Keep Reading
Business

Food aggregators like Swiggy return to wrinkle, politeness IPL

The Indian Premier League (IPL) has not quite recently carried cheers to the amusement starved cricket fans during COVID-19, yet has likewise proceeded to restore the matter of food aggregators and restaurant administrators, for example, Swiggy, which guarantee to have accomplished 150-200 percent of the pre-COVID order value in select markets. IPL 2020 began in…

Keep Reading
Business

Kannada-English dictionary is now online after 40 years

A full 126 years after the publication of German missionary Ferdinand Kittel’s complete Kannada-English dictionary, a comparable, however, a more thorough one is out. While Kittel’s dictionary has around 60,000 words, the Kannada-English dictionary incorporated by V Krishna, a lexicographer situated in Bengaluru, has about 1.6 lakh words. Alar, as the new dictionary is called,…

Keep Reading