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business

Kabeer Biswas, Dunzo founder

Dunzo's financial woes continue as its funding faces roadblocks, CEO asks employees with unpaid dues to avoid legal action

Founded in 2014, Dunzo has faced severe cash flow problems, high losses, and difficulties managing expenses and payroll, leading it to shift focus from quick commerce to B2B services. Reliance, which holds over 25% of Dunzo and invested $200 million, might acquire the startup at a reduced valuation.

Kabeer Biswas, Dunzo founder

SEBI chairperson dismisses Hindenburg’s allegations as baseless character assassination

 Kabeer Biswas, Dunzo founder

RBI holds repo rate at 6.5%, markets react negatively

 Kabeer Biswas, Dunzo founder

Hasina’s exit cripples India-Bangladesh trade, halts border activity

IndiGo, Air India bring back over 400 people through special flights from Dhaka

A special Air India flight brought 205 people, including 6 infants, from Dhaka to New Delhi on Aug 7 morning, an official said. Meanwhile, IndiGo said its special flight flew from Dhaka to Kolkata on Aug 6 to bring back Indian nationals from Bangladesh.

Sensex, Nifty bounce back sharply in early trade amid rise in Asian markets

The 30-share BSE Sensex jumped 1,092.68 points to 79,852.08 in early trade. The NSE Nifty surged 327 points to 24,382.60.

MSME registrations EP News

Whopping 47.7 million registrations on Udyam Portal as of July 2024

For the fiscal year 2024-25, as of July 31, 2024, the number of registered MSMEs stands at 63.41 lakh.

Sensex Nifty nosedive

Sensex, Nifty plunge nearly 3% following global market slump and US recession worries

The 30-share BSE Sensex plummeted 2,222.55 points or 2.74% to settle at over a month's low of 78,759.40, marking its worst single-day retreat since June 4, 2024. Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5% due to general election results.

Nifty crosses 25,000 for first time, Sensex hit record high

The 30-share BSE Sensex soared 388.15 points, or 0.47%, to hit an all-time intra-day high of 82,129.49 in early trade. The broader Nifty of NSE scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50%, to 25,078.30.

Ola Electric

Valued at ₹6,146 crore, Ola Electric to launch largest IPO of year

The IPO bidding will take place at a price range of ₹72-76 per share. The firm's estimated valuation at the upper end of the pricing band is $4 billion, which is less than the $7-8 billion valuation it was aiming for a few months ago.

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