Business News

No financial data of Dominos India users leaked: Jubilant

No financial data of Dominos India users leaked: Jubilant

New Delhi, April 20 (IANS) Jubilant Foodworks that owns the master franchise for Domino's Pizza in India on Tuesday said that although it experienced an information security incident, no financial data like credit card details of its users in the country were leaked on the Dark Web.On Sunday, Alon G...

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E-commerce, OTT, gaming saw over 100% growth in 2020

E-commerce, OTT, gaming saw over 100% growth in 2020

New Delhi, April 20 (IANS) Amid the pandemic, online payments, indoor entertainment and gaming witnessed over 100 per cent growth in India last year, a new report said on Tuesday.As theatres and offline entertainment avenues remained shut consumers turned to indoor entertainment, the OTT segment wit...

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Clubhouse valuation hits $4B, tough competition arriving soon

Clubhouse valuation hits $4B, tough competition arriving soon

San Francisco, April 20 (IANS) As tech giants like Twitter, Spotify, Facebook, Telegram, Discord and LinkedIn go after it, invite-only audio chat app Clubhouse has reportedly raised fresh funding in Series C round, taking its valuation to $4 billion.According to TechCrunch, the new round of financin...

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Equity indices in green; banking, auto stocks rise

Equity indices in green; banking, auto stocks rise

Mumbai, April 20 (IANS) The key Indian equity indices opened on a positive note on Tuesday with healthy buying banking, finance and auto stocks.Around 10.10 a.m., Sensex was trading at 48,233.17, higher by 283.75 points or 0.59 per cent from the previous close of 47,949.42.It opened 48,473.04 and ha...

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Twitter appoints Apurva Dalal as Director of Engineering in India

Twitter appoints Apurva Dalal as Director of Engineering in India

New Delhi, April 20 (IANS) Twitter on Tuesday announced to appoint Apurva Dalal as Director of Engineering in India, the micro-blogging platform expands its engineering team in the country, a priority market and one of its fastest growing markets globally.Dalal has more than two decades of engineeri...

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Covid-19 resurgence may impact securitisation volumes: Crisil

Covid-19 resurgence may impact securitisation volumes: Crisil

Mumbai, April 19 (IANS) Securitisations volumes in the near term could be impacted by rising Covid-19 cases and the resultant restrictions being imposed in a number of states, said ratings agency Crisil."Many NBFCs may be compelled to refocus their energies on collections, and fresh disbursements co...

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WeWork India launches WeWork Business Solutions

WeWork India launches WeWork Business Solutions

New Delhi, April 19 (IANS) Flexible workspace company WeWork India on Monday announced the launch of WeWork Business Solutions (WBS) for its members.A company statement said that WeWork Business Solutions is a platform that aims at offering hassle-free, cost-effective professional, and specially cur...

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Tech Mahindra acquires 100% stake in DigitalOnUs

Tech Mahindra acquires 100% stake in DigitalOnUs

New Delhi, April 19 (IANS) Digital transformation leader Tech Mahindra on Monday said it has acquired DigitalOnUS, a leading hybrid cloud and DevOps services provider, to augment hybrid-cloud offerings for enterprise customers globally.Tech Mahindra acquired 100 per cent stake in the organisation fo...

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Resurgent Covid to heavily dent 2W sales: MOFSL

Resurgent Covid to heavily dent 2W sales: MOFSL

Mumbai, April 19 (IANS) Resurgence of Covid-19 cases is expected to drag the two-wheeler sectors' off-take lower by 30-50 per cent in April, Motilal Oswal Financial Services Ltd (MOFSL) said in a report."This is despite the mini festival seasons across the country and the rationale of drop in sales ...

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Rising Covid cases, curbs pull markets' lower; Sensex down 1.80%

Rising Covid cases, curbs pull markets' lower; Sensex down 1.80%

Mumbai, April 19 (IANS) Rising cases of Covid-19 infections, along with imposition of new movement restrictions to curb the virus' spread, pulled India's equity markets lower on Monday.Both the key indices opened gap down and made a feeble attempt to rise through the day.Besides, the Indian rupee fe...

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