Libra Association, a cryptocurrency project started by Facebook Inc. that drew regulatory blowback worldwide, is hoping a new name offers a fresh chance to win over regulators and gain a foothold in the emerging market. The group will now be known as Diem Association, named for the word “day" in Latin, with its subsidiary Diem Networks serving as the payment system operator.

The IPO of Burger King is set to open for subscription on Wednesday & analysts find the issue attractive. Burger King is offered at 2.9 times FY20 enterprise value/sales in comparison to 8.4 times for Jubilant Foodworks & 4.4 times for Westlife Development Ltd. what works in favour of Burger King India is its competitive advantages which make it well placed to capitalize on emerging opportunity.

Walmart-owned e-commerce major Flipkart India Pvt. Ltd narrowed its net losses in the fiscal year ended 31 March 2020 while revenues grew. The business-to-business (B2B) wholesale arm of Flipkart posted a net loss of ₹3,150 crore in 2019-20, compared with ₹3,835 crore in the previous year, according to regulatory filings accessed through market intelligence platform Tofler.

Airbnb Inc said on Tuesday it is looking to sell up to $2.6 billion in stock in its planned initial public offering, which could value the home rental firm at as much as $34.8 billion in the last blockbuster U.S. IPO of the year. The company set a target price range to sell 51.9 million shares at between $44 and $50 apiece, it said in a regulatory filing.

Nirav Modi, wanted in connection with the estimated USD 2-billion Punjab National Bank (PNB) scam case, was further remanded in custody on December 1 by a court in London hearing India's extradition request for the diamond merchant. The 49-year-old appeared on December 1 via videolink from Wandsworth Prison in south-west London, dressed in a maroon sweater and sporting a full beard.

Yes Bank aims to disburse retail and small business loans worth Rs 10,000 crore in the current quarter of the financial year and plans to expand the portfolio to over 60 per cent of its loan book by 2023, a top official said on Tuesday. "By 2023, we aim to double the retail and MSME assets as well as liability book. Following the road map to become a truly digital retail bank..", Yes Bank said.

Bitcoin’s recovery from a rout last week is stoking speculation that the cryptocurrency can breach $20,000 for the first time. The most-traded digital asset rose as high as $19,907 on Monday, rebounding from its Thanksgiving Day plunge to set successive record highs this week. The surge buoyed other cryptocurrencies, including Ether and Litecoin.

Let's Dive, a Software as a Service (SaaS) platform providing remote employee engagement, announced today it has raised $1.7 million from Sequoia India's Surge. Currently being used by Facebook, Swiggy and Airtable, Let's Dive will use this funding to further make the experience for remotely working teams, better. The SaaS provider will achieve this by helping remote teams eliminate isolation.

Infrastructure Leasing and Financial Services on Tuesday said it has received the approval of Justice (retd) D.K Jain - who is overseeing the debt-laden group's resolution process - for sale of Jorabat Shillong Expressway to Sekura Roads Ltd. Sekura Roads is backed by Edelweiss Infrastructure Yield Plus, an infrastructure category-I alternative investment fund.

Yes Bank gained 5% today from the previous closing of ₹14.80 on Friday. The bank went up by 26% in the past one month from ₹12.25. CARE Ratings, in November revised its rating of private lender YES Bank's debt instrument. The credit rating agency upgraded YES Bank's infrastructure bonds rating to 'CARE BBB' from previous 'CARE B'.

Ritesh Agarwal, founder and chief executive officer of Oyo Hotels, told employees the Indian startup is making progress in recovering from the coronavirus fallout and has about billion to fund operations until an initial public offering. Oyo is one of the largest startups in the portfolio of SoftBank Group Corp., reaching a valuation of $10 billion before the downturn.

Pharma major Lupin Limited  announced that it has received approval for its Penicillamine Tablets USP, 250 mg, from the United States Food and Drug Administration (USFDA), to market a generic equivalent of Depen Tablets, 250 mg, of Mylan Specialty, L.P. Lupin was trading at Rs911.55 per piece up by Rs19.75 or 2.21% from its previous closing on the BSE.

MUMBAI: Bajaj Auto has initiated discussions with KTM’s parent Pierer Mobility AG (PMAG) to swap its stake in KTM for a stake in the latter, according to a notice to the exchanges. Bajaj Auto and PMAG hold approximately 48 per cent and 51.7 per cent, respectively, in KTM AG Austria. Bajaj’s shareholding is through its fully-owned Netherlands-based subsidiary Bajaj Auto International Holdings BV.

With close to 10 million Indians losing their jobs following the coronavirus (COVID-19) outbreak, financial uncertainty due to income loss has become one of the biggest worries. To deal with the situation, the online insurance marketplace Policybazaar has set up a separate vertical dealing with job loss insurance products. So far, these products were only available as an add-on benefit.

MG Motor India on Tuesday said it has reported its highest-ever retail sales in the country last month. The automaker, a wholly-owned arm of China's SAIC Motor Corp, sold 4,163 units last month, up 28.5 percent as compared to 3,239 in November 2019. The company retailed 3,426 units of Hector, 627 units of Gloster and 110 units of ZS EV last month, MG Motor India said in a statement.