Zoom Video Communications Inc has agreed to buy cloud software provider Five9 Inc in an all-stock deal worth about $14.7 billion to target more business clients looking to boost customer engagement, it said on Sunday.
The grouping, which includes Russia, decided to raise production by 400,000 barrels per day (bpd) from August till December to restore 2 million bpd of production, or about 44% of India’s daily requirement. It also agreed on a higher production quota for United Arab Emirates, Iraq and Kuwait – all India’s major suppliers.
India's petrol sales in the first fortnight of July shot past the pre-virus level for the first time since the lockdown in 2020 as the country got back to business after a second Covid wave and lifting of travel curbs prompted people to hit the highways in search of cooler climes.
Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response.
HDFC AMC chairman Deepak Parekh on Friday said India's mutual fund industry has the potential to grow exponentially as the country's MF penetration levels remain considerably low compared to large economies.
The country's foreign exchange reserves increased by $1.883 billion to touch a record high of $611.895 billion in the week ended July 9, RBI data showed on Friday.
Delhi Airport’s Terminal 2 (T2) could soon resume operations. While Delhi International Airport Ltd (DIAL) did not give a date, India’s biggest airline IndiGo said T2 will resume operations from next Thursday (July 22).
Recording growth for the seventh month in a row, India's exports rose by 48.34 per cent to $32.5 billion in June on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, even as trade deficit stood at $9.37 billion, according to the official data.
The government plans to set up a ‘power bank’ of 4,000 MW (mega watt) battery storage for grid operators and discoms, indicating an innovative approach towards promoting renewable energy and encouraging domestic manufacturing in the sunrise sector.
Kick-starting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offering.
The tapering of the second wave of the Covid-19 pandemic coupled with aggressive vaccination has brightened the near-term prospects of the Indian economy, though a solid increase in aggregate demand may take some time, said the Reserve Bank of India on the state of economy.
Online food delivery platform Zomato's Rs 9,375 crore initial public offering was oversubscribed 4.8 times on the second day on Thursday as retail investors continued to pour in bids. Zomato got bids for 344.76 crore shares against 71.92 crore shares on offer, stock exchange data showed.
Desperation led to rebooting of the delivery side of the food business, said Gauri Devidayal, co-founder of Food Matters Group, which runs ‘The Table’ in south Mumbai. An ignored part of the business until last year when Covid struck, restaurateurs had resigned deliveries to food tech aggregators.
While the retail portion of the offer was subscribed 2.7 times, the institutional part was nearly subscribed fully, the high networth (non-institutional) part 13% and the part reserved for employees 18%, data on BSE showed. Overall the total IPO was subscribed 1.05 times.
Kirloskar Systems CMD Vikram Kirloskar has announced the appointment of his daughter, Manasi Tata, as a member of the board of directors at Toyota Kirloskar Motor (TKM).