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IDFC FIRST Bank CEO gifts shares worth over 3.95 crore to support staff

IDFC FIRST Bank CEO V Vaidyanathan gifted 9,00,000 equity shares of the bank held by him on February 21, 2022, the bank said in a regulatory filing on Monday.
Calculated at Monday's closing price of <span class='webrupee'>₹</span>43.90 apiece on BSE, the value of the 9 lakh shares gifted by Vaidyanathan comes out to be <span class='webrupee'>₹</span>3,95,10,000.(Livemint)
Calculated at Monday's closing price of 43.90 apiece on BSE, the value of the 9 lakh shares gifted by Vaidyanathan comes out to be 3,95,10,000.(Livemint)
Published on Feb 22, 2022 08:34 AM IST
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PTI | , New Delhi

Supply constraints may dampen festive season sales

According to industry executives and analysts, companies in the laptop, television and smart home segments have had to shift their focus to mid-premium and premium devices in the absence of supplies.
Along with the chip shortage, shipping delays are likely to affect supplies.(HT Photo)
Along with the chip shortage, shipping delays are likely to affect supplies.(HT Photo)
Published on Oct 08, 2021 04:26 AM IST
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ByPrasid Banerjee, New Delhi

Retail sales of automobiles decline in September

While two-wheeler and tractor dispatches declined, other segments like passenger vehicles, commercial vehicles and three-wheelers saw an increase in retail sales last month, as compared to the same period a year ago.
According to FADA, total retail sales last month stood at 12,96,257 units, down 5.27%, from 13,68,307 units in September 2020.
According to FADA, total retail sales last month stood at 12,96,257 units, down 5.27%, from 13,68,307 units in September 2020.
Published on Oct 08, 2021 04:10 AM IST
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PTI | , New Delhi

Licious turns unicorn after $52 million fundraise

In the process, Licious, operated by Delightful Gourmet Pvt. Ltd, became the first direct-to-consumer startup to achieve unicorn valuation.
Licious claims to have delivered its products to more than 2 million customers across 14 cities(Livemint)
Licious claims to have delivered its products to more than 2 million customers across 14 cities(Livemint)
Published on Oct 06, 2021 08:16 AM IST
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Livemint | ByDebjyoti Roy, Madhurima Nandy, New Delhi/bengaluru

Banks launch cards, credit offers in festive push despite risks

While lenders remain cautious on unsecured loans, they are making calculated bets on credit cards.
According to the Reserve Bank of India (RBI), the total number of credit cards stood at 63.4 million at the end of July.(Representational image)
According to the Reserve Bank of India (RBI), the total number of credit cards stood at 63.4 million at the end of July.(Representational image)
Published on Oct 04, 2021 05:41 AM IST
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Livemint | ByShayan Ghosh, Mumbai
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Monday, May 16, 2022