Travel and hospitality platform OYO said it has concluded the acquisition of Europe-based company Direct Booker with the transaction valuing the acquired entity at $5.5 million.

A market-leading player in the vacation home management segment in Dubrovnik, Croatia, Direct Booker was started in 2010 by Nikola Grubelic and Nino Dubretic. The company has over 3,200 homes and serviced 2 million customers so far.

Adani group on Monday announced it has raised $250 million three year debt from Standard Chartered Bank and Barclays Bank for capital expenditure at six airports that it manages under a public private partnership.

The group has option to raise another $200 million under the existing facility, the company said in a statement.

Campus Activewear made decent stock market debut as shares got listed at Rs 355, 22 per cent higher against issue price of Rs 292 per share on the BSE on Monday.

However, at 10:01 am; it was down 4 per cent from its listing level and traded at Rs 340.65. The stock has hit high of Rs 364.80 and a low of Rs 339.90 in intra-day trade so far. Around 666,000 equity shares changed hands on the counter. In comparison, the S&P BSE Sensex was down 1.1 per cent at 54,231 points.

The rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and unabated foreign fund outflows.

At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then lost ground to quote at 77.42, registering a fall of 52 paise from the last close.

Spotify co-founder and CEO Daniel Ek is investing $50 million into his own music streaming service, saying that the "best days are ahead".

Spotify's stock jumped more than 3 per cent to reach $108.98 per share after the announcement came late on Friday.

"I've always been vocal about my strong belief in Spotify and what we are building. So I am putting that belief into action this week by investing $50M in $SPOT. I believe our best days are ahead," Ek said in a tweet.

India reported 3,805 new coronavirus infections in a day, pushing the number of active cases of the disease in the country to 20,303 and the overall tally to 4,30,98,743, according to Union Health Ministry data updated on Saturday.

The data released at 8 am also showed that 22 fatalities -- 20 of them from Kerala alone -- were reported in a 24-hour period, taking the cumulative death toll to 5,24,024.

Expressing grave concern over President Gotabaya Rajapaksa's declaration of a state of emergency, Sri Lankan Bar Association urged him to revoke the decree while pointing out that stifling public protest is not a solution to the crisis.

This comes at a time when crisis-hit Sri Lanka on Friday declared a state of emergency after the crippling strike and protest over the ballooning external debt for the second time in five weeks.

Faulty battery cells and modules have been identified as the leading cause of electric scooters catching fire in recent weeks, according to the findings of an initial investigation, two government sources told Reuters.

The probe looked into fire incidents involving three companies, including Ola Electric, which is backed by Japan’s SoftBank Group, and was the countrys top-selling e-scooter maker in April.

US-based chipmaker Nvidia will reportedly pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners.

The US Securities and Exchange Commission (SEC) announced the charges and a settlement with the company. Its order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge.

The cumulative number of COVID-19 vaccine doses administered in the country has crossed 190 crore, the Union Health Ministry said on Saturday.

So far, more than 3.01 crore (3,01,97,120) children in the age group of 12-14 years have been administered the first dose of COVID-19 vaccine.

Till now, 9,95,265 precaution doses have been administered to those aged 18-59 years, according to Health Ministry data.

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