Mercedes delays electric debut after Jaguar and Audi SUVs flop

• Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year
• Daimler has at least 10 purely battery-powered cars planned through 2022

Jio, Airtel, Vodafone new recharge plans: Who offers the cheapest data, talktime

• Jio, Airtel and Vodafone Idea have increased the price of their recharge plans by 15-47%
• Here is a comparison of Jio, Airtel and Vodafone's plans, data offers and talktime

Yes Bank expects revenue growth to stay muted in Q3

• The beleagured lender sees some improvement in revenue in Q4 though
• Yes Bank had posted a consolidated net loss of ₹629.1 crore for the September 2019 quarter due to a spurt in bad loans

CCI approves stake buy in SBI Gen Insurance by Napean Opportunities, Honey Wheat

• The transaction involves acquisition of 16.01% paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99% by Honey Wheat Investment
• Napean Opportunities is a newly incorporated entity and belongs to PI Opportunities and Azim Premji Trust

Logistics firm Rivigo to raise $20 million from SAIF, Spring Canter

• The fresh fundraising round appears to be at the same valuation as the previous one, a note from Paper.vc said
• The company was valued at $1.1 billion in September this year

AU Small Finance Bank raises ₹525 cr from Temasek arm Camas Investments

• With this investment, Temasek has firmed up its stake at 4.8% in AU Bank
• Temasek has invested the money through the conversion of its 1 crore warrants

Richard Branson reveals his family link from Tamil Nadu

• Richard Branson said that he has decided to place a picture of his great, great, great grandmother Aria
• Richard Branson said a 'saliva test' was done in the labs, which revealed these results

Bombay Shirt Company raises $8 mn from Lightbox

• With this, the total capital raised so far stands at $11 million, according to a company statement
• The Mumbai-based company started as an online customized shirt brand in 2012, with an initial funding of ₹7 lakh

Indian airlines likely to post loss of over over ₹4,230 cr this fiscal: Report

• Currently, there are four budget carriers and two full service airlines -- IndiGo, GoAir, SpiceJet, AirAsia India, Vistara and Air India
• About Air India, it said the airline's privatisation is expected to be well underway before the end of FY 2020

K Madhavan appointed new country manager of Disney and Star India

• Prior to this, Madhavan has served as managing director of Asianet Communications Ltd and vice-president of the Indian Broadcasting Foundation
• Video consumption has tripled since 2018, with the number of video viewers increasing 1.5 times and the time spent per viewer doubling

Elon Musk's mother shares a 1995 photo of him fixing car window

• Tesla and SpaceX CEO noted that he could not afford to pay for a mechanic to fix his car, so he did it himself with junkyard parts
• Musk said that he was repairing the window because thieves had broken in and stolen the radio, which was worth maybe $20

Bengaluru: US-based MNC to hire 400 engineers for new technology centre

• Bengaluru is the ideal location, Wabtec global director Goapalakrisha Madabushi said
• Wabtec's technology centre currently employs 600 people

SpiceJet grounds three Boeing 737 freighters

• Internal examination at IAI’s manufacturing facilities showed that there was a potential defect in these freighter aircraft
• IAI has advised airline companies across the world to ground their freighter aircraft

SoftBank-backed Paytm raises $660 million

• This is SoftBank-backed Paytm's second fundraise
• Last month, Paytm had raised $1 billion from SoftBank, Ant, others

Infosys says not aware of any fresh complaints

• The clarification comes after news reports said fresh class action lawsuit has been filed against the firm
• According to news reports, Schall Law Firm, a shareholder rights’ litigation firm based in Los Angeles announced that it had filed a class action lawsuit against Infosys

Wizz Air aims to shake up Abu Dhabi with new discount carrier

• Wizz has reached an outline deal on the venture with Abu Dhabi Development Holding Co., the firms said in a statement
• Wizz CEO Jozsef Varadi, speaking in the emirate, said the new airline will be named Wizz Air Abu Dhabi

McDonald’s Free From Liability for Franchise Labor Violations

McDonald’s Corp. has won a huge victory in a multiyear legal battle over whether it should share responsibility for alleged labor violations in its franchisees’ restaurants, a case that posed a major threat to the franchise model underlying one of the largest employers in the world.

Future Retail looks to raise up to $400 million

• Kishore Biyani-led firm to raise the funds by selling dollar bonds
• The restructuring will save Future Retail about ₹650 crore of lease rental payments annually

Cholamandalam to raise ₹1,000 crore via QIP

• Founded in 1978, Cholamandalam Investment’s core business comprises commercial vehicle finance and loan against properties
• The Murugappa Group-owned financial services company operated 1,029 branches across 27 states in India

After-hours with the boss: Vivek Ramabhadran

Vivek Ramabhadran spearheads the development and execution of business strategies at Swarovski Professional across these geographies