The online food delivery segment has seen significant growth in the last few years. Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise ₹ 8,250 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue […]
Read moreSerum hails financial aid from govt to ramp up Covid-19 vaccine production
Sources said the finance ministry has relaxed rules to allow advance payment without bank guarantee to help the vaccine makers ramp up production. Vaccine major Serum Institute of India (SII) on Tuesday hailed government’s initiative to provide financial aid to manufacturers to ramp up production of COVID-19 vaccine in the […]
Read moreDevice after-sales management platform Servify acquires Germany's WebToGo
Servify looking at doubling its team from 410 employees to support growth and expansion. Device after-sales management platform Servify on Wednesday announced acquisition of key businesses of Germany-based WebToGo, which provides customer experience solutions. The company said this acquisition will help it to further strengthen its global footprint both in […]
Read moreHow to duck small savings rate cut
Senior citizens will still have a plethora of fixed-return choices S ometimes life gives you these little jolts that remind you to be better prepared for the future. The government’s flip-flop on small savings rates is one such episode. After announcing steep cuts of 40 to 110 basis points, it […]
Read moreCars, SUVs buck retail auto sales drop
Tractors also retain traction in March. Retail sales of passenger vehicles maintained growth in March with more than 2.79 lakh units sold, data released by the Federation of Automobile Dealers Associations (FADA) showed. The figure was not strictly comparable with the year-earlier period, when sales were halted by the nationwide […]
Read morePassenger vehicle retail sales up 28%, two-wheeler registrations drop 35% in March: FADA
FADA president Vinkesh Gulati said that the global shortage of wafers, which is an input for semiconductor, kept PV waiting periods as high as seven months Retail passenger vehicle sales in the country grew 28.39% to over 2.79 lakh units in March 2021 as compared to the year-ago month which […]
Read moreA family that plans together stays together
Financial planning is not just about dry numbers, it is about human emotions “As a family, we decide jointly our financial goals and how to achieve them,” says Radhika Desai, a homemaker from Thane. “Ever since it has been made a family activity, everyone is enjoying. They feel committed and […]
Read moreFinancial planning requires expertise, RIAs may be able to help
This would mean a longer wait to recoup capital losses before making a return. Q. I am a 30-year-old government employee. My net monthly savings is ₹30,000 and I have just started investing ₹7,000 a month in two ELSS SIPs with a return of about 7%. I want to invest […]
Read moreGive yourself guaranteed returns
Such products help you with protection, while aiding in wealth-building It was about this time last year when the Reserve Bank of India reduced the repo rate by 75 bps (basis points) to 4.4% – a historic low – in an attempt to mitigate the economic impact due to the […]
Read moreYum! Brands Acquires Ordering And Marketing Platform Tictuk – Quick Facts
Yum! Brands, Inc. (YUM) announced Wednesday that it has acquired Tictuk Technologies, a leading Israeli omnichannel ordering and marketing platform company. The financial terms of the deal were not disclosed. The addition of Tictuk to Yum! Brands’ technology portfolio will give Yum! Brands the ability to offer more ways for […]
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