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[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) News Team. The biggest news of the day is, ✅ Bharti Airtel top gainer on Nifty50; stock up 6% after company hikes prepaid tariffs. Bharti Airtel shares jumped as much as 6 percent on Monday after the telecom operator announced its decision to hike prepaid tariffs by 20-25 percent with effect from November 26. ✅ Upekkha's 'Up Funds' invests in eight SaaS start-ups to fuel industry growth. It aims to invest $10 million in 100 start-ups every year. ✅ ANJANI FINANCE LIMITED Consolidated September 2021 Net Sales at Rs 0.13 crore, down 37.92% Y-o-Y. Net Sales at Rs 0.13 crore in September 2021 down 37.92% from Rs. 0.20 crore in September 2020. Quarterly Net Loss at Rs. 0.25 crore in September 2021 down 1092.43% from Rs. 0.03 crore in September 2020. ✅ IMF revives a $6-billion bailout for Pakistan's teetering economy. Pakistan and IMF have reached a staff-level agreement for the loan review, the IMF said.

[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) News Team. The biggest news of the day is, ✅ Paytm records 418% YoY growth in the value of loans disbursed in October 2021. The company further said the Board of Directors of its parent firm One 97 Communications Limited will meet on November 27 to consider and approve the quarterly financial results. ✅ Chinese Artificial Intelligence startup SenseTime Group has received approval for an initial public offering in Hong Kong, according to two sources with direct knowledge of the matter. ✅ Nifty gives up 17600 as bears run riot, Sensex tanks 600 pts; Paytm down 11%, RIL down 3%. ✅ India Is One Step Closer To Fully Adopting Cryptocurrency. A parliamentary panel for the first time discussed the fate of cryptocurrencies in India on Monday where the consensus emerged that cryptocurrencies can’t be stopped so they should be regulated.

[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) News Team. The biggest news of the day is, ✅ Healthtech startup Mosaic Wellness raises $24 mn at a valuation of $135 mn. Mosaic Wellness, a health & wellness start-up running digital health clinic platforms Manmatters and Bodywise. ✅ Reserve Bank of India (RBI) wants tax sops for Retail Direct Scheme investments. The central bank is likely to approach the Centre to secure tax benefits for retail investments in sovereign securities under the Retail Direct Scheme (RDS) ✅ Dubai's IPO gambit adds $2.3 billion to the bourse operator's value. The new head of the city's financial market has announced a series of steps this month to help reverse that. ✅ Stock futures are flat after S&P 500 breaks a 5-week winning streak. U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak.

[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) (Social Network for CxOs) News Team. The biggest news of the day is, ✔Nykaa: India's First Women-led Profitable Unicorn's Valuation Surges to Rs 1 Lakh Crore. Nykaa shares opened at Rs 2,001 on BSE, an increase of 77.87 per cent premium over the higher end of the issue price. ✔ Zomato Q2 revenue surges to Rs 1,024 crore; firm invests in Curefit, Magicpin and Shiprocket. Zomato also announced its plans to deploy $1 billion in a startup over the next couple as it announced key investments in three companies ✔ Stating that growth impulses and the fast-moving indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence of the economy clipping at the projected 9.5 per cent this fiscal. ✔ Bitcoin notches new all-time high after inflation data shows prices are surging at the fastest rate in 30 years. Other cryptocurrencies are also seeing record highs, pushing the market capitalization of the entire crypto market above $3 trillion for the first time this week.

[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) (Social Network for CxOs) News Team. The biggest news of the day is, ✔ TATAS, Adani Group, Ambanis in the scramble for the super app. India’s top business groups, such as Tata, Adani, and Reliance Industries Limited Industries, are scouting for acquisition targets to offer additional goods and services under their “super app” umbrella. ✔ Anti-Fraud Startup Socure Valued at $4.5 Billion in Latest Round. The company raised $450 million from investors led by Accel, Socure said Tuesday in a statement. Other investors included funds and account advised by T. Rowe Price Group Inc., as well as Bain Capital, as well as Tiger Global Management. ✔ India’s gated communities in major cities are emerging as one of the biggest consumption areas with consumption across gated communities poised to grow over two times and reach $500 billion by 2026 with per household spend of $20,000, the latest report said. ✔ Taxman may use the black money act to trace closed foreign accounts.

[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) (Social Network for CxOs) News Team. The biggest news of the day is, ✔ Robotruck Startup Gatik Making Delivery Runs For Walmart Without Humans At The Wheel. This new phase started in August and is the first time any trucking company has operated commercial delivery routes without a human backup, the companies said. ✔ Govt launches first-ever mentorship programme for young innovators. Union minister Jitendra Singh on Monday launched the first-ever mentorship programme for young innovators to mark the 75th year of India's independence. ✔ Housing finance companies (HFCs) are likely to witness a growth of 8-10 per cent in fiscal 2022 helped by a rise in economic and higher demand, says a report. ✔ The Crypto world hits a $3 trillion market cap as ether, bitcoin gain in trade. The overall market cap of cryptocurrencies hit $3.01 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added more than 20% in the past seven days.