Younger Premji says his father took over a small 'vanaspati' (oil) business at 21 and over 53 years, he grew it into a diversified and global company. Azim Premji, one of the richest men in India, is known to donate a large part of his fortune to philanthropic causes

With a gross merchandise value (GMV) growth of 2X over the past year, Dunzo is now about $100 million annualised GMV business

Snapping two sessions of losses, Sensex rose 578 points to 49,142 against previous close of 48,564. Nifty too climbed 166 points to touch the intra day high of 14,447

The Davos Agenda Summit will be held from January 25-29, with several heads of state scheduled to deliver special addresses and engage with business leaders

RIL share gained 3.05% to an intraday high of Rs 1996.6  against previous close of Rs 1,937.60 on BSE

IT services major Wipro said it had completed its Rs 9,500-crore share buyback programme; Amazon Prime Video is focusing its investments on bringing more content and expanding its service to a larger audience in India; A parliamentary panel has summoned representatives of Facebook and Twitter to appear before it on January 21. Watch this and more on News Blast.Also Read: Mukesh Ambani's JioMart to be available on WhatsApp in next six months

A total of 2,24,301 beneficiaries have been vaccinated till January 17. On the launch day of the vaccination, 2,07,229 beneficiaries had received the jabs

Inclusion of the JioMart app in WhatsApp will provide it unlimited reach to over 40 crore users of WhatsApp in India, and thus help build its online presence; JioMart was launched after Facebook inked a mega $5.7 billion deal with Reliance Retail for 9.9 per cent stake last year

US-based Amazon has requested Sebi to direct the Indian stock exchanges not to issue a 'no-objection certificate' to Future Retail

A bench of Chief Justice D N Patel and Justice Jyoti Singh issued notice to FRL, Future Coupons Pvt Ltd (FCPL), Reliance Retail and the Biyanis seeking their stand on the plea by Amazon against the observations made by the single judge in a December 21, 2020 interim order

11 Indian firms make it to Hurun's top 500 list Total 11 private Indian firms have made it to the list of 500 most valuable companies across the world, and the country is ranked 10th on the chart, according to a report. The total value of these 11 companies grew 14 per cent and has been pegged at $805 billion or nearly a third of the Indian GDP. Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to $168.8 billion as of December 1 a...

The total value of these 11 companies grew 14 per cent and has been pegged at $805 billion or nearly a third of the Indian GDP

Another Indian business house, which has seen a fast appreciation of share prices of its group companies in the recent past is Adani Group; however, the Bajajs are still ahead of Adanis in share price

In its letter dated January 5, Amazon urged the market regulator to direct the Indian stock exchanges not to issue any no-objection or approval letter to Future Retail Ltd

Morgan Stanley expects the upcoming earnings results to prompt an earnings upgrade cycle with chemicals in the driver's seat, before refining picks up by mid-2021

The proceeds will be utilised for debt reduction, and the company's dues will come down by 6 per cent to Rs 13,100 crore from Rs 14,000 crore

Jio might also go for 700 MHz spectrum for which the reserve prices are 38 per cent higher than 800 MHz spectrum in 19 circles, and 56 per cent higher (than 800 MHz) in Delhi, Mumbai and Kolkata circles

The three-member arbitration panel will be led by Singaporean barrister Michael Hwang, while Albert van den Berg and Jan Paulsson will be the two other members

The Bloomberg Billionaires Index says the shares of Zhong's bottled water company Nongfu Spring Co spiked 18 per cent in the first two days of 2021, leading to a rise in the overall net worth of the Chinese billionaire

Sources said that with the appointment of Hwang as the presiding arbitrator, the tribunal is expected to meet soon and begin the arbitration proceedings between Amazon and Future