Business

Japanese investor SoftBank Group has reduced the valuation of OYO Hotels on its books by over 20 per cent as the Indian startup prepares for an initial public offering (IPO). The investor has cut its valuation from $3.4 billion to $2.7 billion in the June 2022 quarter, according to a Bloomberg report. SoftBank cut the …

SoftBank Cuts Valuation Of OYO Hotels Ahead Of Its IPO: Report indiabusinessport.com Read More »

Ford India in September 2021 shut its operations in India and decided to sell only imported vehicles. (Photo: IANS) The deal has been arrived at after more than a year and over 68 meetings Ford India on Thursday said it has arrived at a settlement with the employees union on the severance package after the …

Ford India Reaches Deal With Union, Revises Final Severance Package to Employees indiabusinessport.com Read More »

From October 1, a new set of rule will come into effect for online payments through debit and credit cards. The credit card and debit card rule change, known as tokenisation, has been notified by the Reserve Bank of India. The central bank has been reiterating the use and perks of tokenising one’s debit and …

How to Tokenise Your Cards? Here’s a Step-by-Step Guide indiabusinessport.com Read More »

LONDON: Britain’s central bank raised its key interest rate by another half-percentage point Thursday, avoiding more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken. It is the Bank of England’s seventh straight move to increase borrowing costs as rising food and energy prices fuel a cost-of-living crisis that …

Bank of England Hikes Rates by 50 Bps to 2.25%, Avoids More Aggressive Steps indiabusinessport.com Read More »

Gold Demand During Festive Season 2022: As the festive season is starting, the shopping fervor will take off. Gold is a precious metal that also attracts buyers during the period. The yellow metal has been under pressure for some time in the country on expectations of more interest rate hikes from the US Federal Reserve …

Will Festive Season 2022 Reverse Trend? Know What Analysts Say indiabusinessport.com Read More »

Mumbai: The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed’s rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. …

Rupee Tanks 90 Paise to Close at All-time Low of 80.86 Against US Dollar indiabusinessport.com Read More »

BENGALURU: The head of WhatsApp’s India payment business, Manesh Mahatme, has quit and is joining Amazon India, a source told Reuters on Thursday. Mahatme has joined as director of product in the e-commerce division of Amazon in India, the source said. He joined WhatsApp Pay in April 2021 after serving as a director. Mahatme was …

WhatsApp Pay India Head Manesh Mahatme Quits Firm, Joins Amazon: Report indiabusinessport.com Read More »

Yes Bank Savings Account Interest Rates: Private sector lender Yes Bank has revised the interest rates for its savings accounts, with the new rates already coming into effect. The new Yes Bank savings account interest rates are applicable for all customers with savings account with the lender. With the latest revision, Yes Bank offers an …

Yes Bank Savings Account Interest Rates Revised; Know Latest Rates Here indiabusinessport.com Read More »

The UK government on Thursday lifted England’s moratorium on fracking, a controversial method to dig for fossil fuels, to boost energy output after key supplier Russia’s invasion of Ukraine. Prime Minister Liz Truss had flagged the move two weeks ago, shortly after taking office, in a vast energy package tackling fallout from Russian President Vladimir …

UK Government Lifts Energy Fracking Ban in England to Boost Energy Output indiabusinessport.com Read More »

The deal activity in India halved to $4.1 billion in value terms in August 2022 and saw about 40 per cent year-on-year fall in terms of volume, according to a report by consultancy firm Grant Thornton Bharat. It added that month-on-month, the deal volume in August at 131 transactions was 23 per cent lower but …

Deal Activity In India Halves To $4.1 Billion In Value in August; Volume Down 40% indiabusinessport.com Read More »