Dunzo on Tuesday announced the raising of a fresh round of USD 40 million in capital from Google and Lightbox and others. The funding round saw participation from new and existing investors, including Google, Lightbox, and Evolvence among others. Dunzo will use the fund to enable local merchants to get closer to their users and build one of the most loved consumer brands.

Indiabulls Real Estate on Tuesday's announced a 64% rise in consolidated net profit to Rs80.69cr in the quarter ended December 2020 (Q3FY21) period against Rs49.27cr a year ago same period. However, consolidated total income was down at Rs756.81cr in the quarter under review compared to Rs1,317.70cr in the corresponding period of the previous year.

Man Industries on Tuesday announced the proclamation of Rs 250 crore worth order, which they will implement in 5 months. The company, however, did not share details of the deal. Man Industries is the flagship company of Man Group and is one of the largest players in longitudinal submerged arc welding (LSAW) pipes, spirally welded pipes and coating systems.

Escorts Limited become the first company in India to get Budni Certification for its Electric Tractor. In 2017, It showcased futuristic and eco-friendly electric tractor concept in Mechanical & Hydrostatic power transmission variants for sustainable and green agriculture. Escorts started export of these tractors in 2019 and now with this certification, will be launching in the domestic market too.

JLL India CEO Ramesh Nair has resigned from the company to pursue opportunities outside. Radha Dhir will be succeeding him. She is an experienced financial services executive, who held senior leadership positions in Deutsche Bank India & Yes Bank. Nair joined JLL as an analyst in 1999. He rose through the ranks to become Chief Operating Officer in 2013 and then CEO of the India business in 2017.

Creador, founded by former ChrysCapital partner Brahmal Vasudevan, initiated its fifth fund after exhausting a large part of the corpus of its previous fund. The Kuala Lumpur-based private equity firm is preparing to raise a $600-700 mn fund and is likely to tap into its existing and new set of investors. The proposed fund follows a $565 mn fourth fund, which has deployed over 3/4th of its corpus.

CSB Bank announced a 36.41% growth YoY in revenues in the Dec-20 quarter at Rs599.24cr. The bank saw YoY doubling of treasury income and a sharp climb in interest earned from retail lending. However, the income from wholesale banking was tepid to weak in Dec-20. For the Dec-20 quarter, the operating profits were sharply up 160.48% at Rs182.36cr.

HDFC Bank is considering a two-pronged strategy to address the issue of digital outage reported in the past few months. The lender expects to implement a short-term plan to fix the digital outage over the next 10-12 weeks and work on long-term solutions after that. It may take 12-18 months for the implementation. The details of this plan will be submitted to the Reserve Bank of India (RBI) soon.

Despite launching in November 2020, Facebook-owned WhatsApp Payments (WhatsApp Pay) was successful in doubling its UPI transactions volume in December 2020, even as PhonePe and Google Pay maintained a commanding lead in the market. With a total of 2.2 Bn transactions worth INR 4.16 Lakh Cr processed in December, the UPI tally matched the November 2020 numbers.

On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.11% at Rs 48,838 for 10 grams at 0920 hours. March silver was trading 0.4% higher at Rs 65,728 a kilogram. Analysts suggest that investors can look at buying the precious metals on dips towards Rs 48,800 for an upside target of Rs 49,300 levels.

Push-pull technology Rajdhani Express to operate daily between Mumbai to New Delhi from January 19. It will be the first Rajdhani Express which will remain equipped with the push-pull technology. Central Railway zone operates 22221/22222 Rajdhani Express which ran first time on January 19, 2019. This Rajdhani Express has one First AC, Three AC 2-Tier, 8 AC 3-Tier, and one pantry car.

PhonePe beat Google Pay to become the leader among UPI apps in December with 902.03 million transactions worth Rs 1.82 lakh crore. Google Pay attained the second spot with 854.49 million transactions worth Rs 1.76 lakh crore. The two payments apps dominate the UPI market, and, in December, accounted for 78% of transaction volumes & and 86% of the transaction value.

ONGC offered energy giant ExxonMobil a participating interest in about half a dozen exploration blocks in Cauvery basin and Mumbai offshore. The blocks are on the east and west coasts. Exxon will decide on the deal after studying geological data. ONGC is also looking at partnering ExxonMobil in some of its difficult producing fields, as well as jointly bidding for exploration acreages.

Housing finance company Home First Finance Company (HFFC) is opening its maiden public offer for subscription on Jan 21 with a price band at Rs 517-518 per share. The Rs 1,153.72-cr public issue consists of a fresh issue of Rs 265 cr and an offer for sale of Rs 888.72 crore by promoters and existing shareholders. This will be the third IPO in 2021 after IRFC and Indigo Paints opening on Jan 20.

Facebook conducted artificial intelligence (AI) research to help healthcare providers predict in advance if COVID-19 patients require more intensive care solutions and adjust resources accordingly. The research will make predictions based on chest X-rays and has been done in collaboration with NYU Langone Health's Predictive Analytics Unit and Department of Radiology.