The startup held talks with several potential SPAC partners and is farthest along in working out an agreement with Michael Klein's Churchill Capital
However, it is unclear if this is due to the virus' ability to evade immunity, its inherent increased transmissibility or a combination of both, the WHO said in an update
'Narendra Modi Ji says I am a Hindu, but when did he protect the truth,' says the Congress leader
Stuff your stockings with these recommendations from Asia's richest man
The finance ministry on Friday said advance tax collection increased by 53.50 per cent to Rs 4.60 lakh crore so far this fiscal year, indicating recovery in the economy. Direct tax collections for 2021-22, as on December 16, show that net collections are at Rs 9.45 lakh crore compared to Rs 5.88 lakh crore over the year-ago period, representing an increase of 60.8 per cent, the ministry said in a statement. "The net collection (as on December 16) in FY22 has registered a growth of 40 per cent over the corresponding period of previous year when the net collection was Rs 6,75,409.5 crore, and a growth of 40.93 per cent over the corresponding period of 2018-19 when the net collection was Rs 6,70,739.1 crore," it said. The cumulative advance tax collections for the first, second and third quarter of 2021-22 stand at Rs 4,59,917.1 crore as on December 16, 2021, against advance tax collections of Rs 2,99,620.5 crore for the corresponding period of 2020-21, showing a growth of about 53.5 p
CCI says Amazon provided 'false and incorrect information' and said it suppressed 'material facts' of 2019 Future deal; asks Amazon to again file detailed Form II within a period of 60 days
The company estimates that the pre-payment will likely result in interest cost savings of at least Rs 3,400 crore
The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio
Major IT stocks are either on verge of breakout or holding the positive bias, the positive sentiment may see up to 10% gains
Kopran was up 5% at Rs 318.95, hitting its highest level since 1994
The stock rallied 6% to Rs 1,329.75 on the BSE in Friday's intra-day trade
The stock of the company, which owns women's wear brand Go Colors, slipped 8 per cent to Rs 1,051.25 on the BSE in Friday's intra-day trade
The stock got listed at Rs 360, a 15 per cent discount to its issue price of Rs 425 per share on the National Stock Exchange
Accenture reported strong revenue in Q1FY22 and upgraded its annual guidance by a massive 700bps as it continues to gain from demand for Cloud transformation.
For many weeks, the stock of SBI Card has been under corrective mode and has come down from the peak of 1,160 towards the 900 mark.
The stock price of Infosys has broken out from the downward sloping trendline on daily chart
BellTroX allegedly operated fake accounts used in suspected efforts to hack people's phones or computers; the company targeted people in countries including Australia, Angola, Saudi Arabia and Iceland
Our view on crypto assets (crypto coins as an asset class) is that there is a fast-growing use-case for every investor to have some exposure in their portfolios
The BoE's nine-member Monetary Policy Committee voted by 8-1 to raise Bank Rate to 0.25% from 0.1%
'Use of Tejas coaches for long distance journey is a paradigm shift for enhancing travel experience for passengers,' says govt
Under this line of credit, several items have been identified and being fast tracked, says Foreign Secretary Harsh Vardhan Shringla
The broader markets however finished in red, the breadth too was negative
The company has bagged an order from Indian Railways for supply of coach air-conditioners (LHB-RMPU Type 1) in a recently concluded tender.
Shares of Aditya Birla Sun Life AMC hit a low of Rs 569, its lowest level since listing on October 11, 2021
Staffers take out marches in protest against privatisation of public sector banks; a few customer service centres kept functional
Shares of Calcom Vision were at the 5 per cent upper circuit for the 10th straight days at Rs 113.90
Both the stocks have broken major supports and a further downside seems inevitable
Despite the 3-day fall, the stock continues to command a 33 per cent premium over its issue price of Rs 453 per share
Shares of Borosil Renewables hit a new high of Rs 722.85, up 5% on the BSE in intra-day trade today. The shares have rallied 28% in the past five trading days
A combined 47.34 million equity shares, representing 10.23 per cent total equity of Indiabulls Housing Finance changed hands on the NSE and BSE as of 09:27 AM
Bank shares may be in focus as RBI proposes to introduce revised norms for banks for setting aside capital for operational risks
The reforms include the one to link electoral roll with Aadhaar on a voluntary basis to root out multiple enrolments
The PCA being extended to NBFCs may prove to be a good decision for the long-term as it will encourage good practises and is also expected to improve governance
The Union Cabinet on Wednesday approved a production linked incentive (PLI) scheme for semiconductor and display board production in the country, I&B Minister Anurag Thakur said. The scheme envisages investment of Rs 76,000 crore in semiconductor production over the next 5-6 years, he said. Telecom and IT Minister Ashwini Vaishnaw said the decision will help design, fabrication, packing and testing of the microchips and develop a complete ecosystem.
Though ITC is well-covered by consensus, whether it is well-understood has always remained a question, analysts believe
Restrictions related to the movement of people and vehicles between 11 pm and 5 am shall be relaxed for Christmas and New Year celebrations
The broader markets also weakened towards the end of the trading session; Sun Pharma, however, gained nearly 3 per cent.
Amid calls for more debate, Parliament's Winter Session, ending on December 23, is unlikely to take up the widely watched legislation.
The company's water & effluent treatment business received large contracts (ranging between Rs 2,500 and Rs 5,000 crore) from the State Water & Sanitation Mission (SWSM), Uttar Pradesh
With the ongoing 3-day correction, the stock of NBFC has now corrected 14 per cent from its record high level of Rs 8,020 touched on October 10, 2021
In the past three months, the stock has outperformed the market by surging nearly 30 per cent
The company had allotted 38.30 million equity shares to anchor investors at Rs 2,150 per share
Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.
Expleo Solutions has rallied 15 per cent in intraday trade so far, and hit a new high at Rs 1,746 on the BSE
The technical analyst from HDFC Securities expects CDSL and Polycab to perform well
The stock of Bandhan Bank has been underperforming the banking index and is still struggling below the resistance zone of moving averages
The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)
Says policy makers must decide risk-reward of giving a booster dose; Serum Institute has reached trial phase of vaccine for kids above 3, jab should be ready to launch in six months
Last month, the Reserve Bank had superseded Reliance Capital's board, citing defaults and governance issues
A 52-year old Indian national, Nair is a rare outsider at the helm of the tightly controlled family fashion house, known for its tweed suits, quilted handbags and No. 5 perfume