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Nithin Kamath, co-founder and CEO of Zerodha - Image source: Twitter.com/Nithin0dha

‘Burn 350 calories and get 1 month's salary’: Zerodha's Nithin Kamath offers Rs 10 lakh reward to employees

Sep 24, 2022

According to Kamath, the employees must achieve their daily health goal 90 per cent of the days over the next year to be rewarded.

China President Xi Jinping

#ChinaCoup trends on Twitter; rumours say Xi Jinping under house arrest, military in-charge

Sep 24, 2022

Meanwhile, other rumours circulating on the Internet include Li Qiaoming, the General serving for the Chinese PLA, has replaced Xi Jinping as China's ruler. However, there is no official confirmation from the Chinese Communist Party or the state media about these rumours.

Raffles (part of the Accor group) is a name that has spelt luxury for over a century, right from 1887 when the first hotel was established in Singapore by Armenian hoteliers, the Sarkies Brothers.

Planning a Dusshera break? Check out Raffles Udaipur, the city’s latest five-star hotel

Sep 24, 2022

The first foray into India for the Singapore-based Raffles Hotels & Resorts is a suitably monumental hotel -- Raffles Udaipur is set on a 21-acre private island in the middle of Udai Sagar Lake.

Nestle, which operates 9 plants employing roughly 6,000 people across the country, is looking at new locations to expand manufacturing capacity.

Nestle to set up new plants in India, invest Rs 5,000 crore in 3 years

Sep 24, 2022

Mark Schneider, CEO of Nestle, while sharing the investment plans for the Indian market, said the Swiss food & beverage company has an investment plan of Rs 5,000 crore through 2025.

Ultra-high net worth individuals from India, the US and UK accounted for the bulk of investment migration inquiries in 2021

Rich Indians investing in overseas govts' immigration schemes. Which are the most popular?

Sep 24, 2022

The residence programmes of Portugal, Australia, the US, Malta and Greece are among some of the most popular with rich Indians, according to Henley & Partners.

Most IT companies including Tata Consultancy Services, Infosys, and IBM have condemned moonlighting.

'Pay people better, they won't moonlight': Twitterati flag plight of freshers vis-a-vis CEOs enjoying multiple positions

Sep 24, 2022

On Friday, Minister of state for electronics and information technology Rajeev Chandrasekhar said that this is the age of employee-entrepreneurs, and companies must understand now that there has been a structural shift in the minds and attitudes of the young Indian tech workforce.

In the April-June quarter, Britannia’s volumes fell by 2 per cent year-on-year despite doing well in the rural market.

Britannia appoints new CEO amid faltering volume growth

Sep 24, 2022

The company has got F&B veteran Rajneet Kohli on-board at a time when poor volume offtake and stagnant pack sales are putting pressure on its margin

A majority of Twitter users (55.2 per cent), prefer the UPI apps for transactions worth below Rs 500.

BT Poll: UPI shines on India's digital payments map

Sep 24, 2022

As debit cards and credit cards are linked to UPI apps as well following the integration with bank accounts, is it fair to say that UPI has disrupted the payments space?

Representative image

ZebPay's Avinash Shekhar quits as CEO; to launch new startup

Sep 24, 2022

Shekhar will continue to be ZebPay’s board member and consultant for the long-term. He started working with the cryptocurrency start-up in July 2017 as CFO.

Outscal has partnered with 100+ companies, including PTW, GSN Games, and startups like nCore Games, LILA Games, and Playshifu.

Kalaari Capital pumps in $1.5 mn in gaming, Web 3.0 upskilling platform Outscal

Sep 24, 2022

The gaming market is expected to cross $230 billion globally in 2022. Around 250,000 jobs were generated across the gaming industry annually, of which over 50% are entry-level.

Chandrasekhar  said that under any circumstances, he was not supportive of employees violating contracts

Moonlighting debate: Rajeev Chandrasekhar backs trend, but cautions against contract violations

Sep 24, 2022

Chandrasekhar said moonlighting represents two very significant phenomena. The entrepreneurial bug that has bitten every techie, and the talent deficit or demand for talent.

By the end of this year, five Southeast Asian goliaths--Malaysia, Singapore, Indonesia, Thailand, and the Philippines--will sign a contract to combine their respective QR code payment systems.

In which countries will you be able to use UPI payment system? Find out before you travel.

Sep 24, 2022

The UPI technology allows money transfers in seconds from person to person (P2P) or person to merchant (P2M) bank accounts. Most Western countries, which rely solely on card payments, lack real-time payments. And that's where the subsidiary of National Payments Corporation of India (NPCI) is placing large bets.

The India Meteorological Department (IMD) has issued a 'yellow' alert cautioning people about moderate rain in Delhi on Saturday.

Delhi-NCR rain: Heavy rain wreaks havoc for fourth day, Delhi traffic cops ask commuters to plan journey

Sep 24, 2022

The IMD has said that the rain is due to a late monsoon depression and a western disturbance, which has delayed monsoon withdrawal. The Delhi Traffic Police asked commuters to plan their journey accordingly as several roads of the city were severely waterlogged.

Customers can open an account with any of the several AAs operational today. They can link ongoing accounts such as savings accounts, fixed deposits, or investment schemes.

Account aggregator concept can be the next UPI in India: Adhil Shetty of BankBazaar

Sep 24, 2022

The UPI has been at the centre of a payments revolution in India. We believe AA coupled with the RBI’s groundbreaking regulations such as Video KYC will unleash a similar revolution in digital lending, Shetty said.

Byju Raveendran, founder, Byju's

Byju’s clears pending dues to Blackstone in $1 bn Aakash acquisition

Sep 24, 2022

The big-ticket acquisition worth $950 million was announced in April 2021. Blackstone owned nearly 38 per cent of the online coaching chain before the acquisition.

Representative image

'Janmabhoomi & Karmabhoomi': Kotak Mahindra Bank wins branding rights for Mumbai's two metro stations

Sep 23, 2022

Uday Kotak, CEO of Kotak Mahindra Bank, in a tweet, stated that these two stations are significant for the Kotak Group because one represents where Kotak was born, and the other is where the headquarter of the firm is currently situated.

The CII report pointed out that the time and cost of R&D have a significant effect on the cost of the biosimilar.

Biosimilars sector to grow 30% by 2047, CII tells how

Sep 23, 2022

According to the India Bioeconomy report 2022 by the department of biotechnology, by 2025 BioPharma sector is expected to grow nearly 1.4 times to nearly $63 billion from $45 billion in 2022.

Wipro announces salary hike for employees from September 1; covers 96% staff

Wipro announces salary hike for employees from September 1; covers 96% staff

Sep 23, 2022

Employees, who are above the C1 band - managers and above - have already received pay hikes effective June last year, however, this year employees have been awarded only effective September.

Rajneet Kohli was heading over 1450 Domino's restaurants in India before this announcement.

Britannia Industries appoints Rajneet Kohli as new CEO, Varun Berry is the new MD

Sep 23, 2022

Rajneet Kohli will report to Varun Berry. Kohli was heading over 1450 Domino's restaurants in India before this announcement. The Board has also appointed Varun Berry, as executive vice-chairman and managing director of Britannia Industries Limited with immediate effect.

The next meeting of the RBI’s MPC is scheduled during September 28-30, 2022, to frame the bi-monthly monetary policy.

RBI MPC Meet next week: Economists expect 50 bps hike in repo rate

Sep 23, 2022

According to Soumya Kanti Ghosh, group chief economist at SBI, a half-percentage point hike in the repo rate looks imminent in an aggressive response to external shocks.

Reserves stood at $550.871 billion at the end of the previous week.

India forex reserves fall to near two-year low

Sep 23, 2022

The rupee steadied by the close of trading on Friday after a turbulent week, tumbling past 81 per dollar to touch a record low earlier in the session, prompting RBI to intervene.