Walmart-owned Flipkart has topped India's online smartphone market in 2020. The company was able to capture a 48 per cent market in online smartphone shipments during the pandemic year while Realme and Poco were the top smartphone brands on Flipkart cornering over 50 per cent of the shipments on the marketplace, according to a Counterpoint report.

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The Indian Railway Finance Corporation (IRFC), the financing arm of the Indian Railways, has raised 20-year money at 18 basis points lower than what the sovereign bonds offer. The government-owned firm has raised ₹1,375 crore through 20-year bonds at 6.8%. In contrast a government paper maturing in 2041 offers an annualized yield of about 6.90%.

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Czech automaker Skoda is not likely to drive in its electric car in India anytime soon as it thinks the market is not ready for such vehicles due to high acquisition cost as compared with internal combustion cars, a top company official has said. Having said that the group is the one that has committed the most to electrification globally, and great steps have been taken in other markets.

Barbeque Nation Hospitality is expected to finalise the IPO share allocation in the coming week. The portion set aside for retail investors was subscribed 13.13 times and that of employees 1.02 times. Barbeque Nation raised Rs 453 crore through the issue. The company will use the fresh issue funds for repaying debt.

KFC will continue to expand its restaurant network in India despite the coronavirus pandemic bringing structural changes in the business. KFC India is looking at adding new outlets this year too as it looks to enhance access of the brand to its consumers.” We have to ensure that access to the brand continues to grow for the consumers, both physical and digital,” KFC India MD Samir Menon told PTI.

The government is unlikely to take zero-coupon bond route to further recapitalize public sector banks after the Reserve Bank expressed some concerns in this regard, sources said. The government, they said, would resort back to recapitalization bonds bearing a coupon rate for capital infusion in these banks.

Container ship Ever Given that ran aground on either side of Egypt's Suez Canal remains stuck and attempts failed to refloat it on the high tide of Mar 27. Canal officials, however, said that some progress had been made and they hoped the ship could be afloat by the evening on Mar 28.Although strong tides and winds complicated efforts to free the ship, the tugboats managed to move it 30 degrees.

Payworld expects the gross transaction value carried out from its platform to rise by over 60% to around Rs 12,000 crore in the next fiscal. The fintech firm expects to close the current financial year with a gross transaction value (GTV) of Rs 7,500 crore by providing a payment interface to sell train tickets, Aadhaar enabled payment services and mutual funds.

Cochin Shipyard is looking forward to operationalising a Rs 170 crore modern shipbuilding facility in West Bengal by June 2021. The state-owned company, under the administrative control of the Ministry of Ports, Shipping and Waterways, recently emerged as the lowest bidder for a Rs 10,000-crore contract by the Indian Navy to build next-generation missile vessels.

NBCC has given about Rs 1,356 crore worth of contract to NKG Infra for redevelopment work at Netaji Nagar in the national capital. The work has been awarded on EPC (Engineering, Procurement and Construction) basis. NBCC has "awarded the work for the redevelopment of Netaji Nagar allied works on EPC basis including operation & maintenance to NKG Infra at their quoted price of Rs 13,56,15,00,000."

Minda Industries on Saturday announced it will invest over Rs 250 crore in expanding its four-wheel lighting and alloy wheel business to meet the increased demand as its existing units are operating at near capacity. As part of this expansion, the automotive components maker will set up a new manufacturing plant at Bhagapura in Gujarat at an investment of Rs 90 crore.

Adani Green Energy (AGEL) acquired 100% equity stake in Spinel Energy and Infrastructure from Hindustan Clean energy and Peridot Power Ventures. This acquisition is part of AGEL's overall growth strategy where the company is planning to build a capacity of 25 GW by 2025. This particular acquisition will help it add 20 MW additionally to its existing capacity.

Toyota Kirloskar Motor (TKM) on Saturday decided to increase the prices of its models with effect from April 1, 2021. The increase is necessitated to offset the substantial increase in input costs. "During such testing times, it has been our endeavour to absorb cost increases through our internal efforts, and only a minimal portion will be reflected onto the prices," the automaker said.