Zomato ESOP plan receives shareholders’ nod, 25 pc voted against it
New Delhi, July 2 - Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the
ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion
New Delhi, July 2 - Singapore-based Environmental, Social, Governance, Risk, and Compliance (ESGRC) and investing platform Xcelerate on Tuesday said that it entered into definitive agreements for a debt funding arrangement of up to $52 million with Orion Capital Asia.
CAMS joins Google Cloud to build next-gen platform for mutual funds
New Delhi, July 2 - Registrar and transfer agent of mutual funds Computer Age Management Services (CAMS) on Tuesday said that it partnered with Google Cloud to revolutionise the financial services landscape by building a next-generation platform for mutual funds, alternative investments, and
Sensex, Nifty at all-time, FPI and rate cut probability fuelling bull run
Mumbai, July 2 - The performance of the Indian equity indices has been stellar so far in 2024 due to the ongoing rally in the stock market. Sensex and Nifty both posted nearly 10 per cent gains in H12024 prompting the market experts
India’s auto sector cruises in top gear as higher demand drives up sales
New Delhi, July 2 - India’s auto sector is cruising in top gear in the current financial year with leading players notching up higher sales of cars, two-wheelers and commercial vehicles driven by higher demand in a growing economy.
AI-driven Indian platform HireMee joins Rockefeller Foundation to mentor youth for jobs
Bengaluru, July 2 - AI-enabled talent assessment and hiring platform HireMee on Tuesday said it has joined US-based Rockefeller Foundation’s Global Mentorship Initiative (GMI) to bridge the gap between graduation and first career jobs for young graduates from diverse communities in India.
Indian fast fashion industry poised to reach over $50 billion by FY31: Report
Bengaluru, July 2 - Driven by millennials and Gen Z population, the Indian fast fashion industry is projected to reach a massive $50 billion market by FY31, a report showed on Tuesday.
India’s macro fundamentals to remain strong in 2nd half of FY25: Nomura
New Delhi, July 2 - Driven by steady growth and low, underlying inflation, India’s macroeconomic fundamentals are expected to remain strong in the second half of FY25, global brokerage firm Nomura has said.
Sensex trades flat after opening at all-time high
Mumbai, July 2 - Indian equity indices were traded flat on Tuesday after opening at a record high. Sensex and Nifty made a new all-time high of 79,855 and 24,236 respectively.
SEBI issues show-cause notice to Hindenburg, Nathan Anderson over Adani report
Mumbai, July 2 - The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Hindenburg Research, Nathan Anderson and the entities of Mauritius-based foreign portfolio investor (FPI) Mark Kingdon for trading violations in the scrip of Adani Enterprises Ltd,
Unionised workers at Samsung to stage 3-day strike next week
Seoul, July 2 - Unionised workers of Samsung Electronics will stage a three-day general strike next week as their negotiations with the management over wages and working conditions fell through.
Coal stocks at power plants increased by 33 pc to prevent outages in rainy season
New Delhi, July 1 - The coal stocks at domestic coal-based Thermal Power Plants is currently at 44.46 million tonnes (MT) which is sufficient to meet the requirements for 18.5 days as per the present level of consumption, the Ministry of Coal said
GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore
New Delhi, July 1 - India's gross GST collection rose to Rs 1.74 lakh crore in June this year which represents a 7.7 per cent increase over the same month last year, according to sources.
ASSOCHAM Illness to Wellness salutes doctor fraternity on National Doctor’s Day
New Delhi, July 1 - On the occasion of National Doctor’s Day, ASSOCHAM CSR Council, under the ‘Illness to Wellness’ initiative, recognised the unwavering dedication of doctors in alleviating pain and suffering in society by providing yeoman service.
Sarbananda Sonowal holds pre-budget meeting with maritime sector stakeholders
New Delhi, July 1 - Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal on Monday held a pre-budget meeting with various stakeholders to gather feedback and suggestions from experts and stakeholders across different sectors.
Hiring in India’s pharma, IT, FMCG sectors saw growth in June: Report
New Delhi, July 1 - Major sectors such as pharma/biotech (6 per cent), AI-ML (20 per cent) and fast-moving consumer goods (FMCG) (12 per cent) showed positive growth in hiring activity in the month of June, a new report showed on Monday.
GST increased pace of formalisation of economy: Goa CM
Panaji, July 1 - Goa Chief Minister Pramod Sawant on Monday said that GST has increased the pace of formalisation of the economy and has incorporated ease of doing business beneficial for all companies and enterprises.
UPI transactions surge 49 per cent YoY at 13.89 billion in June
New Delhi, July 1 - The Unified Payments Interface (UPI)-based transactions reached 13.89 billion in June, surging 49 per cent on a year-on-year (YoY) basis, data by the National Payments Corporation of India (NPCI) showed on Monday.
Your ‘pay or consent’ model fails to comply with DMA: EU tells Meta
New Delhi, July 1 - The European Union on Monday informed Meta (formerly Facebook) of its preliminary findings that its "pay or consent" advertising model fails to comply with the Digital Markets Act (DMA).
Digital India symbolises an empowered nation: PM Modi
New Delhi, July 1 - Digital India symbolises an empowered country which boosts 'Ease of Living' and transparency, Prime Minister Narendra Modi said on Monday.