Swiggy closes $1.25 billion funding from Softbank, Prosus and others

‘This investment would further accelerate Swiggy’s multi-year strategy of growing its core business and building new food and non-food adjacencies in 2021 and beyond.’ Bengaluru-based Swiggy, a food delivery platform, said it had raised $1.25 billion in funding, in a round led by SoftBank Vision Fund 2 and consumer internet firm, Prosus, on July 20. The funding round saw participation […]

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‘Air traffic may hit 83% of pre-COVID level in Q3’

‘FY22 to see 9.2 crore domestic fliers’ India’s aviation industry, battered by the pandemic, is expected to see 83% of average pre-COVID capacity by the third quarter of this fiscal, assuming no further impact or third wave, Morgan Stanley said in a report. According to the report, India could witness 90% of average pre-COVID capacity in the fourth quarter. Estimating […]

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Beware of new low-risk, high-return promise

Products such as perpetual bonds may carry an aura of safety but in reality there is little to cheer Sellers of equity products never fail to tell you that their products are subject to market risks. It is a different matter that you understand those risks only with experience. But when it comes to debt, risk is not the key […]

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Daily Mail & General In Talks For RMS Disposal; Gets Offer From Controlling Shareholder; Stock Up

Shares of Daily Mail & General Trust Plc. (DMGT.L) were gaining around 5 percent in the early morning trading in London after the company Monday said, following a number of inquiries from third parties, that it is in discussions regarding the sale of its Insurance Risk division or RMS. Further, Daily Mail’s controlling shareholder Rothermere Continuation Limited or RCL has […]

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VIL dials investors for funds, moots ‘floor price’ for tariff woes

Telco’s loss narrows to ₹7,023 crore in quarter ended March Cash-strapped Vodafone Idea (VIL) said it is in active talks with potential investors for fund raising, and asserted that ‘floor price’ remains the ‘best and most preferred’ fix for industry’s woes arising from tariff-related issues. VIL confirmed that it has approached the government to extend moratorium on spectrum instalments. It […]

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FMCG logs rise in sales after Unlock 2.0

Discretionary food, personal care will see the sharpest recovery: Edelweiss’s Roy FMCG companies are witnessing an increase in sales after Unlock 2.0 with easing of curbs on trading and movement by State governments and local authorities on account of falling number of COVID-19 cases. States started lifting curbs in the first week of June. Companies are witnessing tailwinds in sales, […]

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Line 3 pipeline attack by left slammed by oil, gas exec: Why would anyone shut it down?

Oil, gas exec blasts Line 3 pipeline attack by left Mike Sommers, American Petroleum Institute president and CEO, reacts to environmental and tribal groups protesting the construction project on the Line 3 pipeline, saying, ‘I don’t know why anybody would want to shut down this important pipeline.’  Mike Sommers, the American Petroleum Institute president and CEO, argued on "Mornings with […]

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How should you handle an employee with poor writing skills and email etiquette? Ask HR

Learning the ins and outs of office protocol is important, but it doesn't happen overnight. (Photo: Getty Images) Johnny C. Taylor Jr., a human resources expert, is tackling your questions as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world’s largest HR professional society. The questions are submitted by readers, and […]

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Amazon's Jeff Bezos backing nuclear fusion plant in the UK

Richard Branson pushing for space trip before Amazon’s Bezos: report Marie Harf, Steven L. Miller and Jason Meister join ‘Kennedy’ to discuss the space battle of the billionaires General Fusion, a Canadian energy company backed by Amazon CEO Jeff Bezos' investment firm, Bezos Expeditions, has announced plans to build and operate a nuclear fusion plant in the United Kingdom. TEXANS […]

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