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Myntra sells record-breaking 50 lakh products on Day 1 of EORS-16
Myntra sells record-breaking 50 lakh products on Day 1 of EORS-16

Bengaluru,  Myntra, one of India's leading fashion, beauty and lifestyle destinations, on Monday said that the 16th edition of its flagship EORS-16 (End of Reason Sale) witnessed over 70 per cent growth in traffic over business as usual (BAU) on Day One.

India shopped a record-breaking 50 lakh produc

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*Reliance Infra to receive Rs 595 Cr. From DVC by July end*
*Reliance Infra to receive Rs 595 Cr. From DVC by July end*

Mumbai,  Reliance Infrastructure Limited (Reliance Infra) is set to receive a sum of Rs 595 crore from Damodar Valley Corporation (DVC) by July 31.

Pursuant to an order passed by the Supreme Court on May 31, Chairman, DVC has furnished an undertaking on June 6, 2022 stating that DVC will comply with the

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Asian markets fall sharply on likely US Fed action to rein inflation
Asian markets fall sharply on likely US Fed action to rein inflation

Hong Kong,  Asian stock markets have fallen sharply as soaring prices in America triggered fears the US Federal Reserve will take tougher action to rein in inflation.

At the same time, the US dollar strengthened to 135 Japanese yen for the first time in over two decades, the BBC reported.

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NCLAT upholds CCI ruling, directs Amazon to pay Rs 200 cr penalty
NCLAT upholds CCI ruling, directs Amazon to pay Rs 200 cr penalty

New Delhi, The National Company Law Appellate Tribunal on Monday upheld the December 2021 order of the Competition Commission of India (CCI) that suspended its earlier order approving Amazon's deal with Future Coupons, a Future Group entity, and imposed a Rs 202 crore fine on the e-commerce major.

The e-c

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Rising interest rate is headwind to real estate demand: Knight Frank India
Rising interest rate is headwind to real estate demand: Knight Frank India

New Delhi,  While it was a critical tool in the fight against the burgeoning inflation, this turn in the upward revision in interest rate cycle could be a significant headwind to real estate demand, said property consultant firm Knight Frank India.

The real estate sector has been on a strong recovery pat

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Government IT spending in India to reach $9.5 bn this year
Government IT spending in India to reach $9.5 bn this year

New Delhi,  The government IT spending in India is likely to reach $9.5 billion in 2022, an increase of 12.1 per cent from last year, a new report said on Monday.

Software will continue to be the highest growing segment in India this year, followed by IT services.

"Contrary to the wor

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Rupee touches fresh record low against US dollar, closes at 78.04
Rupee touches fresh record low against US dollar, closes at 78.04

New Delhi, The Indian currency rupee breached the Rs 78 mark against the dollar for the first time ever on Monday, hitting a new lifetime low against the US dollar.

The rupee closed Monday's trade at Rs 78.04 per US dollar, after depreciation as low as Rs 78.29 in intra-day deal.

"Ther

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Crypto lender Celsius blocks withdrawals due to 'extreme market conditions'
Crypto lender Celsius blocks withdrawals due to 'extreme market conditions'

London,  Crypto lending platform Celsius announced on Monday that it is pausing all withdrawals citing "extreme market conditions", media reports said.

The controversial company -- which has lent out more than $8 billion and managed nearly $12 billion in assets as of May -- has not announced a

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May retail inflation moderates but still above RBI's tolerance band for fifth month
May retail inflation moderates but still above RBI's tolerance band for fifth month

New Delhi,   India's retail inflation for May moderated from the previous month and came in at 7.04 per cent. However, it remained above RBI's 6 per cent upper tolerance band for a fifth month in a row, data released on Monday showed.

The retail inflation stayed well above the RBI's tole

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Qualcomm acquires Cellwize to boost 5G adoption
Qualcomm acquires Cellwize to boost 5G adoption

San Francisco,  Chip-maker Qualcomm has acquired Cellwize Wireless Technologies, a leader in mobile network automation and management, for an undisclosed sum.

The acquisition will boost Qualcomm's as a leader in 5G Radio Access Networks (RAN) innovation and adoption.

"The addition

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