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Markets

Spotify India turns three, focus remains on growing the market

The milestone is defined by strong local creator partnerships, and Spotify’s commitment to increasing awareness and preference for audio streaming in India Spotify has today completed three years of launch in India. Since February 2019, the country has grown to become one of the most important markets for Spotify globally, with local success being defined […]

Markets

Retirement and Second Home Market (RSH) in India Set to Grow at a CAGR of 23.63% in Next Five years – 360 Realtors Research

As per the latest research by 360 Realtors, India’s leading real estate advisory, the Retirement and Second Home (RSH) market segment in India is expected to grow at a CAGR of 23.63% in the next 5 years. The current size of the market is USD 1.394 billion and is set to reach USD 4.021 billion […]

Markets

IDFC NIFTY 100 Index Fund Provides Investors An Opportunity To Benefit From India’s Largest Companies Under One Roof

NFO opens on February 07, 2022 IDFC Mutual Fund announced the launch of IDFC NIFTY 100 Index Fund, an open-ended equity scheme aiming to create wealth over the long term by replicating Nifty 100 Index. This Index Fund is well-positioned to benefit from exposure to the top 100 largest companies by market capitalization as included […]

Markets

Air India strategic disinvestment completed

The Air India strategic disinvestment transaction has been completed today with Government receiving a consideration of Rs 2,700 crore from the Strategic Partner (M/s Talace Pvt Ltd, a wholly owned subsidiary of M/s Tata Sons Pvt Ltd), retaining debt of Rs 15,300 crore in Air India and AIXL and transferring shares of Air India (100% […]

Markets

UK registers highest E-Commerce spending at 30% in 2021

Singapore second in shift towards online shopping during pandemic According to the numbers released by MasterCard, the share of online shopping in retail has decreased in 2021 as compared to 2020. However, the eCommerce industry is still doing significantly better than pre-pandemic levels. The Uk registered the highest numbers during 2021. In March, 29.8% of […]

Markets

China Displaces US From Top Spot In Esports With $37M Prize Money In 2021

China has regained the top spot in eSports following a gap of three years. According to the latest report from SafeBettingSites.com, Chinese players earned a total of $37m in prize money in 2021, putting the Asian country in the top spot of the global list. Prior to this, China had finished behind the United States […]

Markets

SBI Card Q3 FY22 PAT Grows 84% to ₹386 Cr Vs ₹210 Cr for Q3 FY21

Cards in force cross the 13 Mn+ milestone New Accounts cross 1 Mn+ milestone in Q3 FY22 Kolkata: The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the quarter and 9 months ended December 31, 2021, at their meeting held on Monday, January 24, 2022. Performance Highlights Q3 […]

Markets

TPG backed Premium and Luxury Auto Dealer Group Landmark files DRHP for its Rs 762 crore IPO

Chennai: Landmark Cars Ltd, a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault has filed its draft red herring prospectus (DRHP) for Rs 762 crore initial public offering (IPO) with Sebi. According to the draft papers, the issue consists of a fresh issue of equity shares aggregating […]

Markets

Ascent Capital-backed Radiant Cash Management Services gets SEBI nod for IPO

Chennai : Radiant Cash Management Services Ltd backed by Ascent Capital has received approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through its initial public offering (IPO). The Chennai-based firm intends to issue up to Rs 60 crore worth of new shares, while existing shareholders may sell […]

Markets

Tata Motors Group global wholesales at 2,85,445 in Q3 FY22

Mumbai: The Tata Motors Group global wholesales in Q3 FY22, including Jaguar Land Rover, were at 2,85,445 nos., higher by 2%, as compared to Q3 FY21. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3 FY22 were at 1,02,772 nos., higher by 14%, over Q3 FY21. Global wholesales of […]