Bounce lays off 130 workers as Covid-19 hits mobility business
The mobility business globally has been one of the worst-hit due to the spread of the virus.
A stress test awaits e-lending firms as bounce rate triples
Bounce rates trebled in April despite a big chunk of loan books under moratorium
European stocks open higher after Asia bounce
Technology stocks led the gains, rising 0.8%, while insurers and banks were the biggest decline...
Startups like Zomato, Oyo offer more Esops to staff to ease pay cut pain
In April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the cash cut from their pay cheques.
Digital payments bounce back to pre-Covid levels
UPI, operated by the National Payments Corp of India (NPCI), processed 1.23 billion transactions worth Rs 2.41 lakh crore until June 28, the most recorded by the channel in a month, Reserve Bank of India (RBI) data showed.
Shared mobility companies take a U-turn to stay on the road
Ola, Uber, Vogo, Bounce, Rapido, and Yulu are expanding their portfolio and restructuring their category mix as consumer appetite for on-demand mobility looks to weaken, at least for a year.
Pay cuts, layoffs: Startup morale under lockdown
Over the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
Indian economy ready for bounce back: PM Modi
At an event to mark the launch of auction of 41 coal blocks for commercial mining purposes, Modi said that the government targets to gasify 100 million tonnes coal by 2030 through four projects entitling an investment of Rs 20,000 crore.
Centre eyes decriminalising cheque bounce, lesser financial offences; seeks public opinion
The government is looking to reclassify several offences under financial sector laws, including the bouncing of cheques, as civil offences r...
Demand for diesel engines will bounce back: Bosch
Not more than 15% of the polluting particulate matter in urban air is due to vehicles, he said, citing studies. On top of that, under the BS-VI emission rules, the particulate matter emissions of diesel vehicles are substantially lower than before.
European shares bounce 2% on US Fed stimulus
The Fed is set to start purchasing corporate bonds on Tuesday through the secondary market corporate credit facility, one of several emergency facilities to shore up liquidity.
Exports bounce back to last year’s levels
Exports in May shrank 36.47% to $19.05 billion against a 60% contraction in April, which was largely due to overseas orders' cancellation.
Good monsoon to help tractor sales bounce back after lockdown: Crisil
Rating agency Crisil expects a well-distributed and normal monsoon to limit the impact of the Covid-19 pandemic on tractor sales volume this fiscal year.
Oyo sends letter to staff stating it's making all employees shareholders
In April, Oyo announced pay cuts and 'leave with limited benefits' options for its staff in India.
Zetwerk bags Rs 160 crore funding led by Greenoaks Capital
The latest funding comes just six months after Zetwerk raised $32 million which was co-led by Lightspeed and Greenoaks Capital, and brings the total funding raised by the two-year-old company to around Rs 450 crore (or $62 million).
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