India, UK commit to deals worth 1 billion pounds & more

 
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India, UK commit to deals worth 1 billion pounds
 
UK PM Boris Johnson will use his visit to boost its collaboration and slash trade barriers with India, which will also drive jobs and growth in the UK.
 
 
 
 
 
 
 
 
 
INDUSTRY
 
EXCLUSIVE: RBI rejects MobiKwik’s payment aggregator licence; support to crypto exchanges likely reason
 
Sources say that following this, the fintech firm will not be able to onboard new merchants and existing merchants who are using Zaakpay will get 180 days to stop using it.
 
 
 
 
 
 
 
 
 
MARKETS
 
Sensex, Nifty close higher for second session; auto, banking shares shine
 
Sensex zoomed 874.18 points or 1.53 per cent to end at 57,911.68 and Nifty rallied 256.05 points or 1.49 per cent to 17,392.60.
 
 
 
 
 
 
 
 
 
LATEST
 
No respite from price hikes; inflation bites harder in April
 
From milk and soaps to passenger vehicles and residential homes, companies across sectors are hiking prices.
 
 
 
 
 
 
 
 
 
LATEST
 
Hit by supply constraints, India's smartphone market rises 2% in Q1 2022: Canalys
 
According to the report, Xiaomi retained first place in the Indian market with 8 million shipments, despite another quarter of sequential decline.
 
 
 
 
 
 
 
 
 
LATEST
 
L&T Tech Q4 results: Net profit rises 35% to Rs 262 cr, final dividend declared
 
Revenue from operations rose 22 per cent to Rs 1,756 crore in the quarter under review from Rs 1,440.50 crore in the same quarter last fiscal.
 
 
 
 
 
 
 
 
 
LATEST
 
HCL Tech Q4 net profit soars 226% YoY to Rs 3,593 cr, interim dividend declared
 
Under its FY23 guidance, the company stated that its expects revenue to grow between 12 per cent to 14 per cent in constant currency.
 
 
 
 
 
 
 
 
 
PANORAMA
 
In Pics: Auto firms that have ended India ops
 
Nissan had revived the Datsun brand in 2013 and had big plans with their budget brand. Nissan, with this brand, wanted to manufacture budget cars for emerging countries like India, Indonesia, Russia, and Africa among others. However, due to the declining sales figures, the brand never gained traction and caused Nissan to finally pull the plug off the Datsun brand in India.
 
 
 
 
 
 
 
 
 
Magazine
 
Why regulators placed curbs on IPO financing
 
Rich individuals who are used to making a quick buck in an IPO by using leveraged finance will find the going difficult as twin regulatory moves – one each by RBI and Sebi – have put a spanner in the IPO financing arena. It seems to be good news for retail investors though.
 
 
 
 
 
 
 
 
 
News Reel
 
Swiggy Vs Zomato: Who will win the fight beyond food delivery?
 
The foodtech duo Swiggy and Zomato are now taking the fight beyond food delivery to drive growth and are gunning for the e-grocery market. Sakshi Batra speaks to Sourav Majumdar, Editor, BT Magazine, Anand Adhikari, Managing Editor, BT Magazine, Krishna Gopalan, Deputy Editor, BT Magazine, Binu Paul, Senior Assistant Editor and Prerna Lidhoo, Special Correspondent, BT Magazine to find out what makes the latest issue a compelling read.
 
 
 
 
 
 
 
 
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