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Grapevine: Reliance anchors Kalaari fund; Warburg, others in race for Parksons

General

04 March, 2021

Grapevine: Reliance anchors Kalaari fund; Warburg, others in race for Parksons

Mukesh Ambani-led Reliance Industries Ltd has come on board as an anchor limited partner (LP) for homegrown venture firm Kalaari...

Amazon's first cashierless store arrives in Britain in sign of global expansion

TMT

04 March, 2021

Amazon's first cashierless store arrives in Britain in sign of global expansion

Amazon.com Inc will open its first-ever physical store outside the United States on Thursday. The world's largest online...

Bharat Biotech says Covid vaccine shows 81% interim efficacy

Healthcare

03 March, 2021

Bharat Biotech says Covid vaccine shows 81% interim efficacy

Bharat Biotech's homegrown Covid-19 vaccine has shown an interim vaccine efficacy of 81% in late-stage clinical trials, the...

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Spark Capital's AIF arm all set to hit final close of second fund

Finance

03 March, 2021

Spark Capital's AIF arm all set to hit final close of second fund

Investment bank Spark Capital Advisors (India) is all set to hit the final close of its second alternative investment fund ......

Grapevine: Zomato to raise $1 bn in IPO; Nykaa to raise funding ahead of float

General

03 March, 2021

Grapevine: Zomato to raise $1 bn in IPO; Nykaa to raise funding ahead of float

Food delivery company Zomato is set to raise $750 million-1 billion (around Rs 5,480-7,306.7 crore) in an initial public offering...

Services growth at one-year high on boom in domestic demand

Economy

03 March, 2021

Services growth at one-year high on boom in domestic demand

India's dominant services activity grew at its fastest pace in a year last month, driven by an extended robust recovery ......

UK to get 10 mn AstraZeneca Covid vaccine doses from Serum Institute

Healthcare

03 March, 2021

UK to get 10 mn AstraZeneca Covid vaccine doses from Serum Institute

The UK will receive 10 million AstraZeneca Covid-19 vaccine doses made by the Serum Institute of India (SII), the UK ......

Reliance Jio shops for $8 bn in airwaves auction

TMT

02 March, 2021

Reliance Jio shops for $8 bn in airwaves auction

India's top three wireless carriers bought airwaves worth Rs 77,815 crore ($10.61 billion) at the close of a two-day spectrum...

India woos Tesla with offer of cheaper production costs than China

Manufacturing

02 March, 2021

India woos Tesla with offer of cheaper production costs than China

India is ready to offer incentives to ensure Tesla Inc's cost of production would be less than in China if ......

RBI restricting banks from raising stakes in insurance firms

Finance

02 March, 2021

RBI restricting banks from raising stakes in insurance firms

India's central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less...

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