Business Today

Ebix buys Yatra for Rs 2,323.6 crore; to create India's largest travel company

Ebix Inc, the US-based supplier of on-demand software and e-commerce services to the insurance, healthcare, financial and e-learning industries, has acquired Yatra Online Inc, for an enterprise value of $337.8 million (Rs 2,323.6 crore) in an all-stock deal.

eBay makes third India bet with a 5.5% stake in Paytm Mall

As part of the deal, eBay's global inventory will be available to over 130 million active users on Vijay Shekhar Sharma's Paytm Mall and Paytm's app ecosystem

Jalan panel proposes transfer of RBI reserves to govt in tranches over 3-5 years

The Committee on Economic Capital Framework, which met on Wednesday for the final time, has reportedly recommended transferring of funds from both contingency and revaluation reserves to the government

YES Bank share price hits fresh 52-week low on 91% fall in Q1 net profit

YES Bank share price fell up to 15% to 83.70 level compared to the previous close of 98.45 on BSE.  YES Bank share price has been losing for the last two days and fallen 14.44% in the period.

Employees allege Venugopal Dhoot duped them before filing for Videocon bankruptcy

Over 500 employees in Kolkata-based facilities received no salaries for 22 months in total

 
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Dream On Budget

Finance Minister Nirmala Sitharamans Budget is long on promises but short on ideas about fulfilling them