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BharatPe’s net loss widens to Rs 941 crore in FY23

Dec 19, 2023

New Delhi, Dec 19 (IANS) Fintech major BharatPe’s net loss widened to Rs 941 crore during FY23, compared with Rs 834 crore in the previous fiscal. “We excluded the loss worth 4,782 crore in FY22 which it incurred due to change in fair value of compulsory convertible preference shares,” according to an Entrackr report, citing BharatPe’s annualised…

Google agrees to pay $700 mn in Play Store dispute settlement

Dec 19, 2023

New Delhi, Dec 19 (IANS) Google has agreed to pay $700 million to the US consumers and states in a settlement over Play Store reached in September. The company will pay $630 million to consumers and $70 to a fund used by states."Google…

Business

Sky One, SpiceJet express interest in acquiring troubled airline Go First amid liquidation concerns

Dec 19, 2023

New Delhi, Dec 19 (IANS) Sky One, an aviation company headquartered in Sharjah, and SpiceJet have shown interest in acquiring the financially troubled airline Go First. This unexpected development comes weeks after a proposal deadline had…

Business

S.Korea unhappy with France over exclusion of Kia EV from subsidy list

Dec 19, 2023

Seoul, Dec 19 (IANS) South Korea expressed regret to France on Tuesday over the exclusion of a locally produced electric vehicle (EV) of Kia Corp. from the list of automobiles eligible for subsidies in France, the industry ministry…

Business

India tops global remittances list for 2023 with $125 bn inflow

Dec 19, 2023

New Delhi, Dec 19 (IANS) The inward remittances to India in 2023 increased by 12.3 per cent to $125 billion from 111.22 billion in 2022, according to the latest data released by the World Bank.India's inward remittances now account for 3.4…

Business

IT stocks drag Sensex lower

Dec 19, 2023

New Delhi, Dec 19 (IANS) The market is likely to move into a consolidation phase as the Christmas holidays and the New Year approach, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.A period of consolidation…

Business

India’s growth rate to stay strong, current account deficit to dip: IMF report

Dec 19, 2023

New Delhi, Dec 19 (IANS) India’s economic growth rate is expected to remain strong, supported by macroeconomic and financial stability, according to an International Monetary Fund (IMF) assessment report released on Tuesday.“Going forward,…

Business

Adobe terminates $20 bn deal to buy rival Figma amid regulatory headwinds

Dec 19, 2023

San Francisco, Dec 19 (IANS) Software major Adobe has announced to terminate its $20 billion mega deal to buy its rival Figma after the acquisition hit the regulatory roadblock in the EU and the UK. The companies announced they have entered…

Business

Paytm offers exclusive discounts on flight tickets for Dubai Shopping Festival

Dec 19, 2023

New Delhi, Dec 19 (IANS) One97 Communications Limited (OCL) that owns leading payments and financial services company Paytm, on Tuesday announced great discounts on flight tickets for users attending the Dubai Shopping Festival, running…

Business

Apple to stop selling Watch Series 9, Ultra 2 in US over patent dispute

Dec 19, 2023

San Francisco, Dec 19 (IANS) Apple will stop selling its Watch Series 9 and Ultra 2 smartwatches in the US this week over a patent dispute.Both the newly-launched Apple Watches will no longer be available to purchase online from December…

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