PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around Rs 1,649 crore) in primary capital from Walmart, at a pre-money valuation of $12 billion.

This new funding comes as a part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year. With this tranche, the company has raised $650 million (around Rs 5,360 crore) from several global investors, PhonePe said in a statement.

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday.

Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group company in the lead.

Bharti Airtel has announced the launch of unlimited data for subscribers availing its 5G plus services, currently live in over 270 cities. The move comes days after Reliance Jio introduced a new set of postpaid family plans called Jio Plus at Rs 399 per month.

All postpaid customers and those prepaid customers with a data plan of Rs 239 and above will be able to avail of the offer, Airtel said in a release on Friday.

Food aggregator Swiggy on Friday launched its new ‘Swiggy Launchpad’ initiative for restaurant partners across the country, with zero per cent commission for the first month.

The company claims the initiative seeks to encourage restaurants new to the platform to see online food delivery as an incremental growth channel. It says restaurant partners can save up to Rs 20,000 on commissions and other benefits.

The government on Friday said it is planning to shut down the operation of state-owned Hindustan Insecticides Ltd's (HIL) two plants located in Kerala and Punjab due to losses incurred for the last several years.

Minister of State for Chemicals and Fertilisers Bhagwanth Khuba, in his written reply to the Lok Sabha, said: "Yes Sir", when asked if the government proposes to close down the operation of Kerala and Punjab plants of HIL.

For K Krithivasan, designated as the new chief executive officer (CEO) of Tata Consultancy Services (TCS) moving from Chennai to Mumbai seems to be a bigger challenge than taking over the helm of the $25.7 billion IT services firm.

Krithivasan, 58, is perhaps the oldest to join as CEO of the country’s largest IT services player. When N Chandrasekaran, who is now chairman of Tata Sons, took over TCS’s leadership he was 46. Rajesh Gopinathan, the company’s outgoing CEO, was 46 when he took over that role. The retirement age at TCS is 65 years.

The BJP has decided to intensify its agitation to put pressure on Delhi Chief Minister Arvind Kejriwal, whom it alleged was the mastermind of the liquor scam, to resign.

The BJP believes that Kejriwal should resign on the basis of morality, and if he does not do so, the BJP will force him to resign.

A special Delhi court has granted bail to RJD President Lalu Prasad Yadav and his family, but BJP leader and former Bihar Deputy Chief Minister Sushil Kumar Modi on Wednesday claimed that they will go to jail and no one would save them.

The special CBI court has granted bails to Lalu Prasad Yadav, former Bihar CM Rabri Devi and Rajya Sabha MP in Misa Bharti in IRCTC lands for job scam on Wednesday.

The BJP's Minority Morcha on Wednesday started a Muslim outreach programme titled 'Sufi Samvad Maha Abhiyaan' with an eye on the Lok Sabha elections next year, party sources informed.

To make the campaign successful, the BJP has put together a team of 150 non-political people to take this mega outreach effort across the length and breadth of the country. These people will be split into separate teams and will spread out across the country as part of the outreach towards the minorities, ahead of the all-important Lok Sabha elections next year.

Realty major DLF Ltd on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days, reflecting a strong demand for premium flats across major cities.

In a regulatory filing, DLF informed that it has "witnessed record breaking pre-formal launch sales of Rs 8,000-plus crores for its luxury high-rise residences, The Arbour".

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