In this issue

September 23, 2022

SoftBank cuts Oyo valuation by more than 20% to $2.7 bn

The start-up was targeting a valuation of about $9 billion in its IPO after preliminary conversations with potential investors

1 min

Rupee hits new low vs dollar on hawkish Fed

Suffers steepest one-day fall since Ukraine war; poll shows at ₹81 by Dec

3 mins

Race for net-zero emissions: Indian airlines take off on sustainable fuel

On Thursday, Air India, Air-Asia India and Vistara signed a memorandum of understanding (MoU) with the Council Of Scientific and Industrial Research-Indian Institute Of Petroleum (CSIR-IIP) to collaborate on the research and development of sustainable aviation fuels.

2 mins

Torrent to make ₹2,900-cr bid for Reliance Nippon

Ahmedabad-based Torrent group is planning to make an offer for Reliance Nippon Life Insurance Company (RNLIC), a 51:49 joint venture between Reliance Capital (RCap) and Nippon Life of Japan.

2 mins

'Can't outsource recovery agents': RBI cracks the whip on M&M Fin

The Reserve Bank of India (RBI) on Thursday barred non-banking financial services company Mahindra & Mahindra Financial Services (MMFSL) from outsourcing recovery agents, days after a 22-year-old pregnant woman died in Jharkhand's Hazaribagh while trying to block loan recovery agents from taking away her father's tractor and was crushed under the vehicle. The loan was taken from M&M Financial.

1 min

Navy buys enhanced BrahMos missiles

Can shore targets 400 km away; deal value ₹1,700 crore

1 min

Powell's message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning on Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.

2 mins

Russia bars airlines from selling tickets to adult men

Russian invasion has cost Ukraine $1 trillion: Kyiv official

2 mins

Regulating Digital India

Regulating the digital economy is emerging as one of the most significant policy issues the world over, seizing the attention of lawmakers and the intelligents alike.

3 mins

Food, music, wellness: E-com war rooms get battle-ready

Covid-19 has been an inflexion point for e-tailers. E-commerce companies managed to beat the odds by adopting a flexible approach in terms of transforming their business models and leveraging emerging technologies. They had to constantly align their objectives with evolving customer needs.

4 mins

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