18-yr-old Mumbai boy's start-up has ₹6 crore annual revenue and Ratan Tata as investor
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Business tycoon and chairman emeritus at Tata Sons, Ratan Tata, on Thursday, picked up 50 percent stakes of a start-up by a Mumbai-based 18-year-old entrepreneur, who started his business two years ago with funding from his parents.
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The country's largest lender SBI has increased its home loan rates that are linked to repo rate by up to 30 basis points amid market indications of increased credit risk for borrowers and realty firms in the wake of coronavirus pandemic, according to a senior official.
SBI hikes home loan rates by up to 30 basis points
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Paytm Payments Bank on Thursday said it has crossed Rs 600 crore in fixed deposit accounts as it witnessed growth during the lockdown period due to volatility in other assets.
Paytm Payments Bank crosses Rs 600 crore in fixed deposits
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The deal comes just days after the company announced that another US-based private equity firm, Silver Lake, was investing a sum of Rs 5,655.75 in Jio Platforms.
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Read more: Reliance Jio-Vista deal: Here are 5 things you should know about it
Sixteen people were killed after a goods train ran over them near the Karmad railway station in Aurangabad district in Maharashtra on early on Friday morning.
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Read more: ‘Extremely anguished’: PM Modi on Maharashtra train accident that killed 16 migrants