API Holdings Pvt., one of India’s largest digital pharmacies, announced on Wednesday that it has raised $350 million from Prosus Ventures and TPG Growth LLC. The company was valued at close to $1.5 billion, according to a person familiar with the deal, adding to a rapidly growing list of unicorn startups in the country.

Reliance Jio Infocomm (Jio) on Tuesday said it had signed a definitive agreement with Bharti Airtel to acquire the right to use spectrum in the 800-megahertz (MHz) band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading.

Jio will acquire 3.75 MHz in Andhra Pradesh, 1.25 MHz in Delhi, and 2.5 MHz in Mumbai.

As coronavirus cases in India continue to rise at an alarming rate, Union Health Minister Harsh Vardhan on Tuesday held a meeting with health ministers of 11 states and union territories where cases of COVID-19 are on the rise. During the meet, he also informed the reasons for the sudden increase in new cases of the virus.

Your EMI rates will remain the same as the Reserve Bank of India has kept the repo rate unchanged at 4%, maintaining an accommodative stance. The reverse repo rate stands at 3.35%.

Making the announcement, RBI governor Shaktikant Das informed that the projection of real GDP growth for 2021-22 is retained at 10.5%.

Jaguar Land Rover India on Tuesday said it has commenced bookings for the updated version of F-PACE SUV.

With new exterior, all-new interior, latest generation Pivi Pro infotainment and the choice of in-line four-cylinder petrol and diesel engines, the new F-PACE is more luxurious, connected and efficient, JLR India said in a statement.

The Securities and Exchange Board of India (Sebi) has asked Indian companies to work towards separating the roles of chairperson and managing director (MD).

The deadline is a year away, but the market regulator is hinting that it won’t extend it.

Shares of Bajaj Finance gained 2 per cent to hit an intra-day high of Rs 5,059 on the BSE on Tuesday after the consumer financier said its asset under management (AUM) grew 4 per cent in the March quarter of FY21 to Rs 1.53 trillion. It's AUM was Rs 1.47 trillion at the end of Q4FY20.

The company's customer franchise as of 31 March 2021 stood at 48.6 million, up by 14.08 per cent from 42.6 million as of 31 March 2020.

Gold price on Tuesday rose to Rs 48,450 for 10 gm from Rs 47,180 and silver price trending at Rs 65,000 per kg, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

Shares of Panacea Biotec were locked in the upper circuit of 20 per cent at Rs 220.85 on the BSE in Tuesday's session after the company and the Russian Direct Investment Fund (RDIF) agreed to produce 100 million doses of Sputnik V vaccine in India per year.

Till 09:19 am, a combined 384,000 equity shares had changed hands on the counter and there were pending buy orders for around 180,000 shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.29 per cent at 49,017.

Global rating agency Standard and Poor’s has raised the credit rating of Tata Steel and its subsidiary ABJA Investment Co from ‘B+’ to ‘BB-‘ on deleveraging and strong operating momentum. Tata Steel Ltd's debt level is expected to decline materially in the next two years due to a strong cash flow and the company's stated intention to reduce debt.

In the base-case scenario, Tata Steel's adjusted debt could decline by about 30 per cent by March 2023 from the March 2020 level of about Rs 1 trillion, leading to steady improvement in credit metrics.

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