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Sachin Tendulkar picks up stake in Unacademy

Sachin Tendulkar picks up stake in Unacademy
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NEW DELHI :
Edtech firm Unacademy on Tuesday said it has signed a strategic partnership with Sachin Tendulkar. The former cricketer has picked up a small stake in the company apart from becoming its brand ambassador.
Unacademy did not close the financial details of the agreement.
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“With this partnership, we are creating an unmatched learning experience by having Sachin share his life lessons with our learners and coach them. We are working on developing a deeper content-led partnership, the contours of which will be revealed in the coming months," said Gaurav Munjal, co-founder and CEO, Unacademy Group.

Mumbai , Maharashtra , India , Bengaluru , Karnataka , Gaurav-munjal , Sanjaya-mariwala , Life-insurance-corporation-of-india , Dragoneer-investment-group , Softbank-vision-fund , Adani-group , Kotak-investment-advisors-limited

Karnataka: 6 killed in quarry blast in Chikkaballapur, CM orders probe

Karnataka: 6 killed in quarry blast in Chikkaballapur, CM orders probe
Karnataka chief minister BS Yediyurappa
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As many as six people were killed while trying to dispose of gelatin sticks at a stone quarry site in Hirenagavalli village of Karnataka's Chikkaballapur early on Tuesday.
The incident comes close on the heels of a similar blast at a quarry site in Chief Minister B S Yediyurappa's hometown of Shivamogga on 22 January, which left six dead.
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Quarrying was stopped in Hirenagavalli by the police on 7 February following complaints from the locals against the rampant use of gelatin sticks. However, the workers clandestinely continued following which another raid was carried out a few days ago and the contractor was warned not to use gelatin anymore.

India , Japan , Bengaluru , Karnataka , Pakistan , Sri-lanka , Shivamogga , Bharat , Bharti-airtel , Karnataka-chikkaballapur , Narendra-modi , Uddhav-thackeray

Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others

Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others
Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others for unregistered investment activities.
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. Updated: 23 Feb 2021, 01:41 PM IST PTI
In an order passed on Monday, the watchdog said the company and individuals were engaged in fund mobilising activity from the public
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New Delhi: Markets regulator Sebi has slapped a total fine of ₹1 crore on Alchemist Infra Realty Ltd and four individuals for illegally mobilising funds from the public through a collective investment scheme.
The individuals who have been fined are Brij Mohan Mahajan, Narayan Madhav Kumar, Balvir Singh and Chandra Sekhar Chauhan.

United-states , India , Hong-kong , America , Mukesh-ambani , Brij-mohan-mahajan , Balvir-singh , Chandra-sekhar-chauhan , Narayan-madhav-kumar , Airtel , Qualcomm , Moody

HSBC's Asia bankers do better than peers as bonus pool cut 20%

HSBC’s Asia bankers do better than peers as bonus pool cut 20%
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(FILES) This file photo taken on September 21, 2020 shows pedestrians walking past the logo for HSBC in Hong Kong. - HSBC was expected on February 23, 2021 to announce their 2020 annual results later in the day. (Photo by ISAAC LAWRENCE / AFP)
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The bank saw a 20.4% drop in discretionary awards to about $2.66 billion for 2020
Most European financial institutions have been seeking to keep a lid on discretionary payouts this year
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HSBC Holdings Plc’s bankers in Asia were paid bigger bonuses than colleagues in other locations as Europe’s largest lender seeks a stronger foothold in the region.

United-states , India , Hong-kong , America , Mukesh-ambani , Greg-guyett , Alchemist-infra-realty , European-central-bank , Credit-suisse-group , Airtel , Deutsche-bank , Moody

SBI Pension Loan: Interest rate, eligibility, documents and other features

SBI Pension Loan: Interest rate, eligibility, documents and other features
SBI Pension Loan interest rate starts at 9.75% p.a.
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State Bank of India (SBI) offers pension loans to senior citizens and family pensioners receiving a regular pension from the central or state government through the bank. This personal loan can be used by pensioners to fulfil various personal financial needs such as funding your child’s marriage, buying your dream home, planning a trip or get medical aid with a simple and hassle-free loan and repayments.
In a tweet, the country's top lender said: "Get Pension loans at 9.75% and have a happy retirement. All you need to do is SMS PERSONAL on 7208933145."

Juhu , Maharashtra , India , Mumbai , Elon-musk , Uddhav-thackeray , Pensioners-of-armed , Bank-account-statement , Paramilitary-forces , Read-india-inc , Know-your-customers , India-inc

Airtel, Qualcomm to partner for 5G in India

Airtel, Qualcomm to partner for 5G in India
Airtel and Qualcomm’s partnership will enable an array of use cases, including 5G fixed wireless access (FWA) that is designed to deliver broadband connectivity at gigabit speeds to homes and businesses, the telco said on Tuesday. (Photo by Lionel BONAVENTURE / AFP)
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Bharti Airtel Ltd and US-based Qualcomm Technologies, Inc have partnered to use the latter’s 5G platforms that will enable rolling out networks and provide such services in India, the telecom major said in an exchange filing on Tuesday.
Airtel recently announced that it is the country’s first operator to conduct live 5G demonstration, calling its network ready for the next-generation wireless service. It beat rival Reliance Jio Infocomm Ltd, which is yet to hold trials on a commercial network.

Juhu , Maharashtra , India , Mumbai , Mukesh-ambani , Bharti-airtel , Industrie-jio , Rajen-vagadia , Uddhav-thackeray , Randeep-sekhon , Jayant-rikhye , Reliance-industries-ltd

HSBC India's pre-tax profit rises 1.8% to $1 billion in 2020

At a global level, HSBC’s profit before tax fell 34% to $8.8 bn, which it attributed to higher expected credit losses

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Film producers worry about box office as stars get embroiled in controversies

Film-makers worry actors’ political stands may affect box office collections
Makers of Kangana Ranaut film Dhaakad are said to be worried of the film’s prospects post the actor’s remarks on farm protests
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Films of Akshay Kumar and Ajay Devgan could also be hit owing to the actors’ statements
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NEW DELHI :
Film-makers are beginning to worry that aggressive political stands taken by their lead actors may drive away those who hold different views, eroding box office collections just as big films begin to hit the big screen.
Trade experts said those defending the government on the controversial farm laws and criticizing the farmers’ protest may have alienated some audiences. They said the makers of Kangana Ranaut’s upcoming sports film Dhaakad are concerned about a possible boycott in Maharashtra and some north Indian states, given the actor’s comments about the farmers’ protests, Mumbai city and its police. Films featuring Akshay Kumar and Ajay Devgan, who are perceived as taking sides, could also see a dent in their business, they add.

Juhu , Maharashtra , India , Mumbai , Karnataka , Cauvery-river , India-general , Puducherry , Pondicherry , Tamil-nadu , Delhi , Uttar-pradesh

Travelling to Bengaluru from Kerala, Maharashtra? Be mindful of new rules

Travelling to Bengaluru from Kerala, Maharashtra? Be mindful of new rules
A file photo of Bengaluru Airport.
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Amid the spike in the Covid-19 cases, the Karnataka government has mandated RT-PCR certificates not older than 72 hours for those arriving in the state from neighbouring Kerala and Maharashtra. Health Minister K Sudhakar said that this measure was taken for those arriving by flights, buses, trains, personal transport from neighbouring Maharashtra and Kerala, following the recent surge in coronavirus cases in those states.
"Passengers arriving from Kerala, Maharashtra please make note of the latest travel guidelines issued by the Government of Karnataka (GOK)," the official Twitter handle of Kempegowda International Airport Bengaluru tweeted.

Kerala , India , China , New-york , United-states , Juhu , Maharashtra , Mumbai , Tamil-nadu , Elon-musk , Karnataka-go , Uddhav-thackeray

With IPO in sight, investors see Zomato feeding many more mouths

With IPO in sight, investors see Zomato feeding many more mouths
Zomato’s latest funding round values the firm at a pre-money valuation of Rs37,850 crore ($5.15 billion)Premium
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While investing around $100 million in Zomato Pvt. Ltd in its previous funding round, Kora Management LP had said: “With 700 million active broadband subscribers in India, of which 500 million have come online only in the past four years, Zomato has many more mouths it can feed." About three months later, while the broadband subscriber base has not changed much, the assessment of how many mouths Zomato can feed has increased quite dramatically. Zomato’s latest funding round values the firm at a pre-money valuation of ₹37,850 crore ($5.15 billion). For the previous funding round of $660 million, the pre-money valuation stood at ₹24,300 crore ($3.24 billion). That represents a jump of 56% in a matter of just a few months.

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