Industry

• Flipkart will work with Adani Logistics Ltd to strengthen its supply chain infrastructure and enhance its ability to serve its rapidly growing base of customers

• India's second largest IT firm will also consider its March quarter earnings and final dividend at its board meeting on 14 April
• In July 2019, Infosys altered its capital allocation policy to give back 85% of its free cash flow to shareholders through a combination of semi-annual dividends, buyback and/or special dividends

The study observed that the SBI's decision to levy a charge of ₹17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as 'reasonable'

Telecom PLI has already been approved by the government, an official told PTI.

• Experts are of the view that high growth in power consumption as well as demand in first week this month is mainly because of base erosion last year due to lockdown, but it clearly indicates recovery in commercial and industrial demand.

• The film, based on the life of actor-politician J. Jayalalithaa was to hit screens on 23 April

• Q4FY21 will mark a strong improvement in earnings helped by demand in the market as well as a low base in the same quarter of the previous year, with top-line growth of 25% for retailers across categories

• The growth was attributed to acute therapy products primarily in anti-infective, gastro and vitamins segments

• Kotak Loans is now live on the Bharat Bill Payment System (BBPS) platform

• Deposits had touched the ₹100-trillion mark in September 2016 and had crossed ₹50 trillion in February 2011

• Cement manufacturers had cut down or deferred capital expenditure given the fall in demand and also as companies looked to conserve their capital/cash flows but lately many of the players have been announcing expansion of capex guidance plans

The deal will start with Sony Pictures’ 2022 movie slate. As part of the pact, Netflix will have a first-look option to pick up movies Sony is making or licensing specifically for streaming platforms

ICRA said it expects banks’ NPAs to rise to 9.6-9.7% by 31 Mar 2021 and to 9.9-10.2% by 31 Mar 2022, from 8.6% on 31 Mar 2020

• Revenues are expected to improve 45-50% y-o-y on higher realization and rising demand

• The sale of spectrum in 3 key circles is expected to benefit both the telcos

• According to media buyers estimates, these platforms are expected to collectively spend upwards of Rs200 crore in advertising to maintain top-of-mind recall of viewers across Star India’s television network and OTT platform Disney + Hotstar

The incident was not a data breach and no private member account data from the platform was included, LinkedIn said