The three-year-old insolvency case of Amtek Auto has taken yet another interesting twist with the National Company Law Appellate Tribunal (NCLAT) dismissing the petition of the successful resolution applicant, Deccan Value Investors (DVI), and imposing a penalty of ₹1 lakh to be paid in 15 days.

In just about 15 months, and despite the Covid-19 headwinds, Amazon Pay India has enabled over 50 lakh small business owners and entrepreneurs to accept digital payments, its Chief Executive Officer, Mahendra Nerurkar, has said.

Foreign portfolio investors (FPIs) have pulled out a net ₹4,615 crore from Indian markets in April so far amid sharp escalation in COVID-19 cases and the consequent restrictions imposed by various states, unnerving overseas investors.

Razorpay has become the first Indian fintech start-up to triple its valuation to $3 billion, with its latest $160 million Series E fund raise, in less than six months after it became a Unicorn in October 2020.

NEW DELHI : Jaypee Infratech's lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm.

Union minister Nitin Gadkari on Sunday expressed confidence that lithium-ion batteries would be manufactured fully in the country in the next six months and India will become number one electric vehicle maker in the world in due course of time.

We note Dahej’s volume has improved over the quarter with March utilisation rate > 100% which augurs well for Q1FY22e.

However, the result doesn’t change our 14-15% growth expectation for FY22e as the company realises $14 bn in deal wins (TCV) in FY21 (up 57% y-o-y).

Listing of LIC, which has a presences in every nook and corner of the country,will likely be hugely positive for LIC for bringing in better governance in the entity.

Take, for instance, Navia Life Care, a digital health startup that is facilitating the flow of information in the area of data-driven decision making, by introducing digitisation, analysis, and engagement across the healthcare ecosystem.