- 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
Industry
Flipkart partners Adani Group for data centre, logistics hub

Amazon readies plan B to deal with a legal setback

Amazon.com Inc. is embarking on a massive India expansion plan, including a series of tie-ups with regional retail chains, to ensure that a legal setback in the case with Future Group does not upset its long-term plans for the country
Infosys to consider buyback of shares on 14 April

- 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
SBI collects ₹300 cr from zero balance accounts for certain services in 5 yrs

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'
DoT likely to issue guidelines for telecom PLI within week

Telecom PLI has already been approved by the government, an official told PTI.
India's power consumption grows nearly 47% in first week of April

- 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.
Release of Kangana Ranaut’s 'Thalaivi' postponed amid covid-led disruptions

- The film, based on the life of actor-politician J. Jayalalithaa was to hit screens on 23 April
Lockdown remains an overhang for retailers in near term: Report

- 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
Pharmaceutical market rebounds in March at 10.3%: Ind-Ra

- The growth was attributed to acute therapy products primarily in anti-infective, gastro and vitamins segments
Kotak Mahindra Bank: Missed loan EMI? Now, pay via Google Pay, Paytm, PhonePe

- Kotak Loans is now live on the Bharat Bill Payment System (BBPS) platform
Banks in India cross ₹150 trillion milestone in deposits

- Deposits had touched the ₹100-trillion mark in September 2016 and had crossed ₹50 trillion in February 2011
Cement production falls 5.5% in February

- 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
Netflix inks deal for rights to Sony films

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
Banks may take a ₹7,000 crore hit

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
Where can you find a new job? Try these US cities.

- Hubs located far from the coasts emerged as beacons to job seekers and businesses during the pandemic
The latest workplace perk: Cash bonuses for taking vacations

- Some companies are using drastic measures to push employees to use their time off that has accrued during the pandemic
Steel industry set to report record sales growth in Q4

- Revenues are expected to improve 45-50% y-o-y on higher realization and rising demand
What the Jio-Airtel spectrum deal means

- The sale of spectrum in 3 key circles is expected to benefit both the telcos
Fantasy gaming platforms woo users by launching high-decibel IPL campaigns

- 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
LinkedIn says some user data extracted and posted for sale

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