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Indian
Covid: Variants of concern found in 174 districts, says health ministr
Chinese nationals step down from Paytm board ahead of planned IPO; no change in shareholding
Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), SoftBank Vision Fund (19.63 per cent), SAIF Partners (18.56 per cent) and Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price, Discovery Capital and Berkshire Hathaway hold less than 10 per cent stake each in the company.
The development comes at a time when Paytm is gearing up for public listing.
E-commerce boom to double India warehouse deals, says Knight Frank
The e-commerce segment will take up 165% more space in Indian warehouses over the next five years while third party logistics and other sector companies are expected to take up 56% and 43%, respectively, Knight Frank forecasts.
Warehousing transactions in the top eight Indian cities fell 23% to 31.7 million square feet in the 12 months ended March from a year earlier. Rent growth was also challenged as occupiers negotiated hard amid a surge in coronavirus infections and lockdowns.
Guj govt approves project to provide additional 10 lakh acre feet of Narmada floodwaters to arid Kutch
International
BGC Insurance Group to establish new global aviation brokerage
Andrew Wallin, Chief Commercial Officer, BGC Insurance Group, said: “The current market is stacked against aviation clients, with three brokers dominating this line of business because of their scale. For a significant independent player like us with a client-focused approach, vision and technical prowess, the gap in the market offers huge disruptive potential.”
Lloyd’s of London aims to revamp Auto Coverage as era of Driverless Cars looms
Boeing records zero new plane orders in Paris, Airbus jumps ahead
There’s room to run up the score, said Airbus Chief Executive Officer Guillaume Faury. While Boeing’s workhorse 737 Max, idled in March after two deadly crashes, languishes on the tarmac, Faury said the European planemaker is seeing “very strong demand” for its rival A320 family of single-aisle jets.
Facebook to unveil new cryptocurrency; Visa and PayPal among partners
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