The Times Of India Business
Insurance startup Policybazaar files for Rs 6,018 crore IPO
SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to Rs 6,018 crore ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months.
India's factory growth rebounded in July, hiring resumed after 15 months
Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
Unacademy raises $440 million from Temasek, Softbank Vision Fund
Ed-tech company Unacademy said it raised $440 million in a funding round led by Singapore's Temasek and other investors such as General Atlantic, Tiger Global, and Softbank Vision Fund, which valued the company at about $3.5 billion.
Zoom to settle US privacy lawsuit for $85 million
Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday. The suit charged that Zoom's sharing of users' personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.
Digital payment platform Square to buy Afterpay for $29 billion
Square, founded by Twitter boss Jack Dorsey, announced on Sunday it will acquire Australia's Afterpay Limited for $29 billion. Afterpay specializes in the "buy now, pay later" model that offers users staggered payments, often without extra charge.
Diageo offers both genders parental leave of 26 weeks
Diageo India has rolled out a family leave policy as part of move to further gender equality and build a more inclusive and progressive workplace. The policy offers all eligible employees a 26-week parental leave, comprising all benefits and bonuses, irrespective of gender or sexual orientation.
RBI's new rules on interchange fee, 24/7 bulk clearing facility functional
The Reserve Bank of India's new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards. The RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs 5 to Rs 6. These new rates have become applicable from August 1, 2021, as per the RBI's direction.
Policy ignition: India's satellite navigation sector set for higher growth trajectory
India's satellite based navigation and augmentation services sector appears headed for a higher growth trajectory with the proposed ignition of a policy push towards effective development, operation and maintenance of such systems.
India formulating standards for services sector for high quality: Piyush Goyal
India is formulating standards for the services sector so that the country can have high quality of services to offer to the rest of the world, commerce and industry minister Piyush Goyal said on Saturday.