Flipkart Health+ will leverage Flipkart’s pan-India network and SastaSundar’s healthtech expertise to provide consumers access to quality and affordable healthcare—first through e-pharmacy and later e-diagnostics and e-consultations.
PhonePe, part of the Walmart-controlled Flipkart Group, has conducted ESOP buyback worth Rs 135 crore, but the company founders—Sameer Nigam and Rahul Chari—have given it a miss.
Hong Kong tumbled Friday on an otherwise positive day for Asian markets, with Chinese ecommerce titan Alibaba tanking more than 10 percent after warning of a weaker outlook. Alibaba said Thursday that net profit tumbled 81 percent in the second quarter and revenue grew less than forecast as it was hit by the impact of slowing economic growth and a government crackdown on the tech sector.
The excise duty cut by the Centre on November 3 was first such exercise since the onset of Covid pandemic. In fact, the government had revised excise duty on petrol and diesel sharply in March and again in May last year to mobilise additional resources for Covid relief measures.
Federal Reserve policymakers are penciling in the possibility of earlier interest rate hikes than they thought would be needed just a few months ago, as inflation continues to soar and the economy picks up speed.
By 11 a.m., Sharma’s long-anticipated coming out party had turned into one of the worst opening days for a blockbuster tech listing since the dot-com bubble. The stock’s 27% plunge surprised even some Paytm pessimists, casting doubt on a record-breaking run for Indian equities and leaving Sharma -- and his underwriters -- to face tough questions about what went wrong with the $2.5 billion fundraising.
The Federal Reserve will raise interest rates late next year, earlier than expected just a month ago, in a landmark shift from the emergency measures it took to backstop the U.S. economy during the COVID-19 pandemic, according to a Reuters poll.
Modi said the banking sector has to understand that in India it was time for investing in ideas. "It is time to support startups. Startup is an idea, there is no asset, it is just an idea," he said.
“We are looking at about 34% growth in profits of the Nifty 50 index for March 22 followed by another 15% for March 23. Hopefully, whatever increase in bond yields we see to some extent gets offset by increase in earnings numbers and earnings yields at the same time.â€
A total of 218,748 shares changed hands on the counter till 02:06PM (IST).
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