Who acquired secondhand Goods Marketplace Zefo?

India's first Fintech (Financial technology) start-up enabling payments via interoperable UPI(Unified Payments Interface) QR (Quick Response) codes, BharatPe notified its venture into merchant services by launching a new app UPI Bahi Khata that allows merchants to keep a track of their cash/credit (Udhar) sales customer wise, to request the accounts receivable from customers through SMS (Short Message Service) payment links or through WhatsApp and to record accounts that are payable to suppliers. The newly launched app also helps the merchants to network and collaborate with other BharatQR merchants near them to expand their businesses. The major features on BharatPe app for merchants are: UPI Khata (Ledger), Managing Supplier Bills, Cashback, Settlements and Refer and Earn.

The foreign partner of SBI Life Insurance, BNP Paribas Cardif has sold 5 crore shares of the company for Rs 2,889 crore to increase its public shareholding to 25% of its paid-up equity share capital on or before October 2, 2020. This sale has not undertaken as per the methods prescribed by SEBI for achieving the minimum public shareholding (MPS) Threshold.The average price of equity share during the sale was Rs 577.93 per equity share.On the other hand, Canada Pension Plan Investment Board has bought 2 crore shares at an average price of Rs 577.50 per shares.

The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will cheer markets and investors and is the second consecutive rate cut by the RBI. It has also maintained the policy stance neutral and lowered the retail inflation and GDP forecasts. This is the second consecutive rate cut from RBI under new Governor Shaktikanta Das, after a rate cut in February 2019.

State-owned Allahabad Bank announced a reduction in benchmark lending rate by 0.05 percentage points across various tenors. The marginal cost of funds-based lending rate (MCLR) for a one-year loan has been reduced to 8.60% from 8.65% effective May 14. Most of the loans including housing loans are benchmarked against MCLR for one year.

National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company. Last year, IndusInd Bank received 'No Objection' from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange As per the report, the merger is expected to complete within 2-4 weeks. IndusInd Bank Ltd's share price is currently at Rs1,686.85, up by Rs32.25 or 1.95%, from its previous close of Rs1,654.60 on the BSE. The current market cap of the company is Rs 99,750.17crores.

India's education technology startup 'Dost Education' has bagged a $25,000 Next Billion Edtech Prize 2019. Two other startups, Ubongo (Tanzania) and PraxiLabs (Egypt), also won the award. Dost Education was awarded for its ability to empower parents to take charge of their child's early education by creating short, friendly audio content that is sent to them via their mobile phones. Because of this app low-income families need no longer send their children to primary school behind and without a chance to catch up.

Budget carrier Spicejet announced the signing of an initial pact for code share partnership with Gulf carrier Emirates on 22 April 2019. The partnership will allow the opening of new routes and destinations for passengers of the two airlines. Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence.

Microsoft has reached a valuation of one trillion dollars for the first time after posting an increase in profits. It makes the software giant only the third publicly-traded company in history to reach the threshold after Apple and Amazon passed it in 2018. Microsoft's current valuation also means that it has again taken over Apple as the world's most valuable company.

Tractor-manufacturer Tractors and Farm Equipment (TAFE) Ltd has signed an MoU with Petroleum Conservation Research Association (PCRA) to aid conservation of resources. Under the MoU, the association plans to jointly conduct agricultural workshops by involving TAFE's dealership network. The workshop would help spread awareness on the advantages of better maintenance and upkeep of the tractors, resulting in lesser fuel consumption and maximising productivity, among others.

Tesla has developed its 'largest power storage system in Asia' at Osaka train station in Japan to reduce energy demand and provide emergency backup power to trains in Japan. It was Launched in partnership with Kintetsu, a railway operator in Japan's Osaka. Tesla has installed 42 Powerpacks units at Osaka train station in Japan which will provide enough amount of energy to safely move a train and its passengers for up to 30 minutes to the nearest station if any power failure happens. This 7 megawatt-hours (MWh) system is not only the largest energy storage project in Asia, but also the fourth largest in the greater Asia-Pacific (APAC) region.