Swiggy has announced that it has inked a definitive deal with Times Internet to buy their restaurant tech platform called Dineout. With this agreement, Dineout will continue to operate as an independent app. As Swiggy is looking to capitalize on the platform's assets and strengthen its place in the dining out space. However, the food aggregator has not yet disclosed the size of the deal.

Samsung Electronics has declared that it is likely to hike prices for chip contract manufacturing by up to 20% in 2022. This came up as a part of an industry-wide push to surge prices to cover the increasing costs of materials and logistics. The behemoth stated that the demand for its chip contract was greater than its available capabilities, and it expected the supply crisis.

Two DeFi protocols got exploited due to price discrepancy after Chainlink paused the LUNA oracle. Blizz Finance reported that the price of LUNA was stuck at $0.10, which gave the attacker the opportunity to drain the platform before its team could pause the transaction. Similarly, for Venus Protocol, the price was stuck at $0.107. The platform lost $11.2 million.

Inani Marbles & Industries' standalone net profit zoomed by a whopping 492.86% to Rs 0.83 crore in Q4FY22 in comparison to a net profit of Rs 0.14 crore during the previous quarter ended March 2021. The Company's sales also improved by 48.39% to Rs 24.96 crore in Q4FY22 as against Rs 16.82 crore during the previous quarter ended March 2021.

Pipeline Infrastructure Limited (PIL) inked a deal with state-owned GAIL to jointly develop a hydrogen-based ecosystem in India. The MoU aims to collectively explore the feasibility, desirability and viability of hydrogen as a source of energy and thus build a partnership between the companies. Notably, PIL is owned by India Infrastructure Trust, which is in turn sponsored by Brookfield.

Bitcoin showed a massive price movement of 30% towards the upside, reaching the $30,000 range. In the 24 hours, Bitcoin briefly touched the $24,000 level, only for bulls to step in and push the price towards $31,000. CryptoQuant reveals that over 24,335 BTC left the exchanges from May 11 and May 12 alone.

spices and other food products manufacturer, Rakesh group posted a 16% rally in its net profit at ₹39 cr for fiscal 2021-22, on higher sales. Its profit was reported at ₹33.69 cr in the year-ago period. Further, the revenue also jumped 19% to ₹510 cr in the 2021-22 fiscal year from ₹427 cr in the year-ago period. The company aims to twofold its revenue to ₹1,000 cr in next three years.

Peter Brandt, a Veteran trader, tweeted to his 641,400 followers that the rise in trading volumes as Bitcoin went below $30,000 suggests the beginning of the end of the bear cycle. Peter suggested that $27,000 could be the local button for Bitcoin. The trader also stated that Luna’s collapse could negatively impact Bitcoin.

SBI posted a 41% growth in its Q4FY22 net profit at ₹9,113.5 cr from ₹6,450.7 cr in the year-ago quarter. Though the Q4FY22 profit was the highest ever, it missed analysts' estimates as bad loan provisions rose sequentially. The state-owned lender's net interest income surged by 15% YoY to ₹31,198 cr during Q4FY22 from ₹27,067 cr. The board has declared a dividend of ₹7.10 per equity share.

Tata Motors unveiled an extension to India’s bestselling EV in the personal mobility segment. The homegrown auto giant launched the latest Nexon EV MAX, at a competitive introductory price of Rs17.74 lakh. It gets powered by high voltage world-class Ziptron technology and will be available in two trim options – the Nexon EV Max XZ+ and Nexon EV Max XZ+ Lux.

Chevron Corporation inked an agreement with Indonesia's state energy company PT Pertamina to explore lower carbon business opportunities in Indonesia. The US energy major signed the deal through its subsidiary, Chevron New Ventures. It is now exploring potential businesses in new geothermal technology, carbon offsets via nature-based solutions, carbon capture, utilization, and storage (CCUS).

Fyllo garnered $2 million in funding led by Triveni Trust, Ninjacart, and existing investor Indian Angel Network (IAN). Established in 2019, the Bengaluru-based agriculture technology startup plans to deploy the funds to expand its brand to new markets and more crops. So far, it offered its services to over 2,000 farmers and over 10 corporates covering 20,000 acres in four states of India.

After Bitcoin price tanked below $24,000 on Thursday morning, stocks of crypto-related companies also started to show downside movement. 10% loss was recorded for Japan’s Monex and Hong Kong’s OKG Technology Holdings, while Hong Kong-listed BC Technology Group moved 15% towards the downside.

The readily available aluminum inventories in London Metal Exchange warehouses witnessed a massive decline to a record low. The aforementioned plunge can be attributed to accumulating stress in the metal markets globally. The metal that has not been marked for withdrawal has plunged 9.7% and has reached 260,275 tons exceeding a previous low that was set in the year 2000.

Nitin Spinners' standalone net sales improved by 50.33% YoY to Rs 769.07 crore in March 2022 from Rs. 511.58 crore in March 2021. The Company's Quarterly Net Profit also surged by 99.44% YoY to Rs. 85.47 crore in March 2022 from Rs. 42.86 crore in March 2021. Its EBITDA even grew by 60.9% YoY to Rs. 167.96 crore in March 2022 Rs. 104.39 crore in March 2021.