DHFL chief Kapil Wadhawan on Tuesday held a conference call after allegations of fund siphoning against its promoters. He said the allegations made by Cobrapost are bas

DHFL refutes Cobrapost allegations, warns of legal action

DHFL chief Kapil Wadhawan on Tuesday held a conference call after allegations of fund siphoning against its promoters. He said the allegations made by Cobrapost are baseless and a conspiracy against the company.Wadhawan said there had been no default on payments and the company was in advanced stages of selling non core assets . The management also said they were planning legal action against the Cobrapost team. 

Kickstart to a holiday shortened week for Dalal Street, here are the headlines the markets are tracking -: Covid Tracker: Maharashtra reports 63,000 new

Kickstart to a holiday shortened week for Dalal&nbsp;Street, here are the headlines the markets are tracking -:&nbsp;
<ul>
<li>
Covid Tracker: Maharashtra reports 63,000 new cases&nbsp;highest ever single-day surge&nbsp;with a 14% hike vs Saturday.&nbsp;Pune at 12,590 cases followed by Mumbai at 9,989 remain&nbsp;worst&nbsp;affected.
</li>
<li>
Vaccine Watch:&nbsp;Sputnik V vaccine (in collaboration with DRL) likely to get approval within the next ten days as per reports.&nbsp;&nbsp;Expect 5 vaccines in India including J&amp;J by October, sources tell ANI.
</li>
<li>
Boardroom&nbsp;Buzz: TCS kickstarts&nbsp;earrings season today, Expect to see a 4% growth in revenues in Q4 vs Q3, while margins are expected to stay&nbsp;flat due to salary hikes.&nbsp;
</li>
<li>
Stock Watch: Infosys to consider share buyback along with earnings on April 14 . Cipla, Mylan&nbsp;and Zydus&nbsp;Cadilla&nbsp;also in focus as the govt bans export of&nbsp;Remdesivir&nbsp;as shortage grows,&nbsp;
</li>
<li>
Economy Fix: Inflation numbers to be released in the evening, Retail inflation seen at 5&nbsp;month high, Core CPI seen rising above 6% mark&nbsp;
</li>
</ul>

There is nothing stopping online-education startup Byju’s which is now reportedly raising $1 billion from facebook co-founder Eduardo Saverin's&nbs

There is nothing stopping&nbsp;online-education startup Byju&rsquo;s&nbsp;which is now reportedly raising $1 billion from facebook co-founder&nbsp;Eduardo Saverin's&nbsp;B Capital. Bloomberg&nbsp;reports the current fundraising&nbsp;values Byju's&nbsp;at $15 billion. Silver Lake Management,&nbsp;Owl Ventures&nbsp;and&nbsp;T Rowe Price all existing investors will also join into this round of fund raising as well.&nbsp; Byju's&nbsp;is India's&nbsp;second most valued startup&nbsp;after PayTM.

The covid collapse in the economy last year is showing up in numbers across the board. The pandemic caused India’s annual power demand to drop for the first time

The covid collapse in the economy last year is showing up in numbers across the board. The pandemic caused India&rsquo;s annual power demand to drop for the first time in 15 years as per data from&nbsp;Central Electricity Authority. It is not just electricity even fuel demand saw an expected big dip as the country shutdown at the start of the previous fiscal.&nbsp;India&rsquo;s fuel demand contracted by 9.1% in the financial year ended March 31.&nbsp;This is the first time fuel consumption has contracted since 1998-99, the most historical year for which government data is available.&nbsp;

As Maharashtra continues to be the infection epicentre with over 55,000 new cases Chief Minister Thackeray is pushing for a 15 day complete lockdown. Fi

As Maharashtra continues to be the infection epicentre with over 55,000 new cases&nbsp; Chief Minister Thackeray is pushing&nbsp;for a 15-day complete&nbsp;lockdown. The final decision will be taken by the task force at a meeting today at 2 pm.&nbsp;
Reports indicate&nbsp;CM Thackeray asked leaders to sign off on a complete lockdown as it was the only option but faced stiff resistance from Opposition BJP.
Uddhav Thackeray took to social media to push the message of urgency, he tweeted "To break the COVID transmission chain, it is imperative that strict restrictions must be imposed for a certain period of time. The first priority will be given to saving lives. If this is a public health emergency."

With 9,300 covid cases added in the last 24 hours, Mumbai is now seeing infection double every 34 days. The total number of cases in the city now stands at 5,10,225 out

With 9,300 covid cases added in the last 24 hours, Mumbai is now seeing infection double every 34 days. The total number of cases in the city now stands at 5,10,225 out of which 91,000 are currently active.&nbsp;
The doubling rate for the infection has gone up from 44 days to 34 days in just a week. The financial capital has&nbsp;added over one lakh new cases in the last 13 days.
Mumbai is facing not just a vaccine shortage with private innoculation&nbsp;centres shut over the weekend&nbsp;but is also facing wide shortage of&nbsp;Remdesivir drug across the city.&nbsp;

Reports indicate that price negotiations for importing Russian vaccine Sputnik V have begun. Hyderabad based Dr Reddy's Lab (DRL) has already formulated a tie-up w

Reports indicate that price negotiations for importing Russian vaccine Sputnik V have begun. Hyderabad based Dr Reddy's&nbsp;Lab (DRL) has already formulated a tie-up with Russian Direct Investment Fund to import the vaccine once regulatory approvals are through.&nbsp;
Current rate of procurement for Covishield&nbsp;and Covaxin&nbsp;is at Rs 150/dose for the Indian government.&nbsp; DRL&nbsp;and Sputnik V backer&nbsp;RDIF&nbsp;have agreed upon 100 million doses for import into India.&nbsp; &nbsp;&nbsp;

The Indian startup ecosystem is on a roll as we get two more names adding to the list of unicorns this week. Sharechat owner Mohalla tech and messaging p

The Indian startup&nbsp;ecosystem is on a roll as we get two more names adding to the list of unicorns.&nbsp;Sharechat&nbsp;owner Mohalla&nbsp;tech and messaging platform Gupshup&nbsp;crossed the $1-billion-valuation-mark after the latest round of funding.
Mohalla Tech&nbsp;raised $502 million in a funding round led by Lightspeed Ventures and Tiger Global, pushing the startup&rsquo;s valuation to $2.1 billion.&nbsp;Gupshup&nbsp;achieved the coveted label after raising $100 million from Tiger Global, increasing its valuation ten-fold to $1.4 billion.
10 companies have crossed&nbsp;the $1-billion valuation mark this year. Six of them have turned unicorns in just one week.&nbsp;
&nbsp;
&nbsp;

China's State Administration for Market Regulation has fined Jack Ma's Alibaba a record of 8.23 billion yuan ($2.78 billion) for for abusing market dominant p

China's State Administration for Market Regulation has fined Jack Ma's Alibaba a record of&nbsp;8.23 billion yuan ($2.78 billion) for&nbsp;for abusing market dominant position. China's market regulator has also demanded Alibaba&nbsp;"stop illegal activities." The record fine is equivalent to 4% of 2019's total domestic sales for the e-commerce company.&nbsp; Chinese regulators said it abused its dominance to punish merchants who sold goods on rival platforms.

TCS and Infosys will kickstart earnings for Dalal street this week, with both stocks perched at 52 week highs, this is what you can expect from the boardroom-: Broke

TCS and Infosys will kickstart earnings for Dalal street this week, with both stocks perched at 52 week highs, this is what you can expect from the boardroom-:
<ul>
<li>Brokerages expect&nbsp;to see revenue growth between 1.4-3.6% (QoQ) in Q4 driven by strong demand environment.</li>
<li>Large wage hikes across the board by companies in March will keep margins flat</li>
<li>TCS will likely to lead growth with steady margins, Infosys and HCL Tech are likely to see sharp margin contraction</li>
<li>Demand outlook looks firm as&nbsp;deal activity stays close to all-time high for a second straight quarter</li>
<li>ISG index that tracks global tech deals &nbsp;now expects 5% YoY growth in average revenue per contract&nbsp;in 2021 vs 3% earlier and also indicated 4-7 mega deals, that are still in works.</li>
</ul>
Alert: TCS reports Earnings on April 12, Infosys April 14

Online insurance agent Policybazaar is planning to go public through an IPO which could come by the year-end. The Softbank-backed unicorn may file its draft prospe

Reports indicate that online insurance agent Policybazaar&nbsp;is planning to file for an IPO as early as next month.&nbsp;The Softbank-backed unicorn may look to raise $500 via the public offering that could value Policybazaar at $3.5 billion.
According to latest updates on Crunchbase, to date, the company has raised $766.6 Mn in 13 funding rounds from 22 investorsPolicyBazaar's most recent funding round was in March 2021, when it raised a $75 Mn private equity round led by Falcon Edge Capital.
The portal hosts more than 100 million visitors a year and sells 400,000 insurance policies each month, according to its website.&nbsp;

Do not take yet ased e-commerce giant Amazon has moved the Supreme Court, challenging the Delhi High Court’s division bench order that allowed Kishore Biyani

E-commece giant Amazon has moved the Supreme Court, challenging the Delhi High Court&rsquo;s division bench order that allowed Kishore Biyani-promoted Future Group to proceed with its&nbsp;₹24,000 crore asset sale deal with Reliance.
Amazon is requesting a stay from the apex court till a final outcome of its earlier plea related to the deal.&nbsp;In it's petition as seen by PTI, the company has asked the SC to pass any further order, which it may deem fit and proper in the facts and circumstances of the present case.

After 8 months of outflows the curse on equity mutual funds seemed to have been lifted. Equity-oriented schemes in March have reported net inflows of Rs 9,115 cr.

After 8 months of outflows the curse on equity mutual funds seemed to have been lifted.&nbsp;Equity-oriented schemes in March have reported net inflows of Rs 9,115 cr.
As per AMFI&nbsp;data&nbsp;Gross redemptions in March came in much lower at Rs 18,908 crore for equity schemes vs Rs 30,000 cr in previous months. Investment in SIP also saw a big boost of inflow of Rs 9,100 cr.&nbsp; Debt-oriented schemes however saw net outflows of over Rs 52,000 cr.
&nbsp;

Adding to the request for vaccinations the finance ministry has requested the health and home ministries to issue guidelines instructions for enabling CO

Adding to the request for vaccinations the&nbsp;finance ministry has requested the health and home ministries to issue&nbsp;guidelines&nbsp;instructions for enabling COVID-19 vaccination of employees of banks and National Payments Corporation of India on priority basis.
 As per IBA data the banking sector has seen&nbsp;600 unfortunate deaths due to COVID-19, finance ministry stated in it&rsquo;s appeal.&nbsp;
 The IBA in the last month had written a letter addressed to Secretary Health and Family Welfare for inclusion of bank employees for vaccination on priority basis given their role their important role in running the economy.
&nbsp;

Economists are going back to the drawing board on the GDP forecast as the strong resurgence of Covid could put brakes on the countries growth path. At $300 bn Maharasht

What is the economic impact of the infection epicentre, here is why Maharashtra&nbsp;matters in numbers -: 56,000: The daily rate of new Covid&nbsp;infections in the state&nbsp;
60%: Contribution to the national tally of Covid&nbsp;cases&nbsp;
$300 bn: The annual GDP&nbsp;of Maharashtra&nbsp;
14.2%: Contribution to India's GDP, largest among all states&nbsp;
5%: Mumbai's&nbsp;contribution alone to India's GDP Rs 4 lk cr: Annual turnover of Mumbai's&nbsp;service sector Rs 16,000 cr: Loss estimated in a month for Mumbai's&nbsp;service sector Rs 40,000 cr: The economic dent estimated by Care Ratings of 1-month lockdown&nbsp;in Maharashtra&nbsp;
30 bps: The immediate downside in India's GDP&nbsp;from Maharashtra&nbsp;lockdown
&nbsp;

Technoking Musk is setting his eyes on Mumbai, Delhi and Bengaluru for setting up showrooms for Tesla as it gears to enter India this year. Reuters reports Te

Technoking&nbsp;Musk is setting his eyes on Mumbai, Delhi and Bengaluru for setting up showrooms for Tesla as it gears to enter India this year.&nbsp; Reuters reports Tesla is&nbsp;looking for commercial properties as large as 20,000-30,000 square feet each to open showrooms and service centres.&nbsp;
In January the company took its&nbsp;first step&nbsp;toward launching in the country, registering Tesla Motors India and Energy Private Limited in Bengaluru.&nbsp;
 India recorded just 5,000 EV sales out of the total 2.4 million cars sold last year, while in China new energy vehicle sales touched 1.25 million.

Almost on a daily basis over the past week, start-ups join the unicorn club as funding comtinues to pour in. Meet the newest entrants into the billion dollar club -:

Almost on a daily basis over the past week, start-ups join the unicorn club as funding continues to pour in. Meet the newest entrants into the billion-dollar club:
<ul>
<ul>
<li>Pharmeasy: Parent API holdings now valued at $1.5 billion&nbsp;TPG Growth led fundraising of $350 million into this&nbsp;Mumbai-based online pharmacy company.&nbsp;</li>
<li>Groww: This investment platform founded by&nbsp;Flipkart employees debuts as a billion-dollar company as&nbsp;Tiger Global invested $83 million into the company which has over 15 million registered users.&nbsp;</li>
<li>Cred: Fintech start-up started by Kunal Shah now&nbsp;enjoys a $2.2 billion valuation from $800 mn. The fund raising was&nbsp;led by new investor&nbsp;Falcon Edge Capital.</li>
<li>Meesho: $300 mn from&nbsp;SoftBank Vision Fund valued this&nbsp;social commerce startup&rsquo;s valuation to $2.1 billion vs $125 million when it last raised money in 2019.&nbsp;</li>
</ul>
</ul>

Bankruptcy could be on the menu for Coffee Day Enterprises which has disclosed outstanding debt of Rs 280 cr in an exchange filing. Worries are brewing as it has&n

Bankruptcy could be on the&nbsp;menu for Coffee Day Enterprises which has disclosed outstanding debt of Rs 280 cr in an exchange filing. Worries are brewing as it has&nbsp;defaulted on loans in the quarter gone by due to a liquidity crisis as per reports.&nbsp;
Sources have told Business Standard that&nbsp;lenders to Coffee Day Enterprises are considering sending the company to the National Company Law Tribunal due delayed payments on loans.&nbsp;

Bloomberg reports that social media giant Twitter had held talks with Clubhouse which would have valued the drop-in audio networking platform at $4 billion. T

Bloomberg reports that social media giant Twitter had held talks with Clubhouse which would have valued the&nbsp;drop-in audio networking platform at $4 billion.&nbsp; Though the talks seemed to have stalled reports also indicate that Clubhouse is looking to raise funds which would give it similar valuation.&nbsp; Clubhouse launched last year and popularized the idea of hosting live audio conversations. More than 10 million people have reportedly downloaded the app, which is currently invite-only and iOS-only.

Gurgaon administration has decided to increase the circle rate by upto 90% in some of the elite locations in the area as per reports. Circle rates at DLF’s

Gurgaon administration has decided to increase the circle rate by upto 90% in some of the elite locations in the area as per reports.&nbsp;
Circle rates at DLF&rsquo;s Camellias, Magnolias and Aralias, which houses one of the costliest condominium in the country, has been increased from Rs 20,000 sq ft to Rs 25,000 sq ft.
While circle rate at DLF&rsquo;s Carlton and Crest has been increased from Rs 8,000 sq fr to Rs 15,000 and Rs 12,000 respectively.
The revenue department stated that the new circle rates will be applicable from April 8, so any registration happening from Thursday will be as per the new rates.&nbsp;

The Oyo promoter Ritesh Agarwal was quick to clarify on social media that Oyo was not filing for bankruptcy. The founder of the hotel aggregator app

The Oyo&nbsp;promoter Ritesh&nbsp;Agarwal was quick to clarify on social media that Oyo&nbsp;was not filing for bankruptcy. The founder of the hotel aggregator&nbsp;app tweeted as many media outlets had received a pdf&nbsp;stating Oyo&nbsp;had filed for insolvency.&nbsp; The facts are quiet different, the case of insolvency has been filed against a subsidiary of Oyo over a dispute of Rs 16 lakhs, the&nbsp;subsidiary is&nbsp;Oyo Hotels and Homes Pvt Ltd (OHHPL), which operates under the brand name &nbsp;Weddingz.in.
The plea has been filed by a Gurgaon hotelier who has accused the company of defaulting on payments.Oyo claims that the Rs 16 lakh in dispute has already been paid to the claimant under protest by the entity with whom the dispute was raised.

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