Payment companies weigh ways to recoup MDR losses
These companies have urged the Centre to nudge banks to compensate “a minimum of 0.25% of the transaction amount for all the UPI and RuPay, Person to Merchant (P2M) transactions” for sustained service and ecosystem expansion in the absence of any clear revenue model.
Proposed cut in duty-free liquor, cigarettes to cause Rs 650 cr/year loss to airports: Industry body
Indian airports are likely to incur a re...
Half of world economy dependent on nature: WEF study
Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Econ...
Blue Dart reports Q3 loss of Rs 32 crore
Total income of the company in the October-December period declined to Rs 859.74 crore as against Rs 862.47 crore in the year-ago quarter.
Oyo layoffs have hotel partners worried
Several existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no communication so far about reduction in client-facing roles.
CCI will not sell cotton at loss, says chairman P Alli Rani
The remark comes after South Indian Mills Association (SIMA) urged the textile minister to instruct CCI to sell the cotton at market price so that spinning mills can procure the cotton at a competitive rate. Mill owners have complained that the price of Rs 46,000 per candy (of 356 kg each) quoted by the CCI is too high.
Mattress startup files for IPO as losses grow
The company’s marketing strategy includes use of influencers to tout its products online. It cites relying on them as a risk that “may materially and adversely affect our reputation or subject us to fines or other penalties”.
India's annual electricity demand grows at slowest pace in 6 years
Electricity demand is seen as an important indicator of industrial output in the country and a sustained decline could mean a further slowdown in the economy. India's power demand grew at 1.1% in 2019, data from the Central Electricity Authority showed, the slowest pace of growth since a 1% uptick seen in 2013. But in India's western states monthly demand increased.
Warner, Finch hit unbeaten tons to inflict 10-wicket loss on India in 1st ODI
Australia openers David Warner and Aaron Finch both hit centuries to complement their bowlers' inspired display as the touring side handed out a 10-wicket thrashing to India in the opening one-day international on Tuesday.
No loss is permanent: Pradeep Lala, a horse-racing fan, learnt an important lesson from the sport
The MD and CEO of Embassy Services shares how he fell in love with horses and the sport.
What checked Rupee's loss amid global tensions
“There is a line-up of inflows from external commercial borrowings and share sale expectations, which will keep the rupee under check despite global uncertainties and local deteriorating macros,” said Ashhish Vaidya, treasurer at DBS Bank India.
Tata Steel 'can't keep funding losses' at UK's loss-making Port Talbot plant: N Chandrasekaran
He emphasised that the Port Talbot steelworks in Wales, one of the largest in Europe, needed to be "self-sustaining" in an interview with the Sunday Times.
Asian shares erase losses as Mideast tensions ease, oil ticks up
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 per cent.
Rupee recoups day's losses, settles 12 paise higher against dollar
At the foreign bank exchange, the domestic unit opened significantly lower at 72.05 per dollar.
Medlife revenue up 165% to Rs 363 cr, losses surge too
In August, Medlife appointed former Myntra CEO Ananth Narayanan as CEO and cofounder, with a mandate to head day-to-day operations, raise funds and oversee mergers and acquisitions at the firm.
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