Zepto set to raise $650 million at $3.5 billion valuation
New Delhi, June 13 - Quick grocery delivery platform Zepto is geared up to raise nearly $650 million from existing and new investors.
Samsung to provide comprehensive AI solutions for foundry biz
Seoul, June 13 - Samsung Electronics said on Thursday it will provide comprehensive "one-stop" artificial intelligence (AI) solutions for its foundry customers, with a focus on up-to-date technologies for high-performance, low-power AI chips.
Coupang fined $12.4 million for alleged manipulation of search algorithm
Seoul, June 13 - The antitrust regulator said on Thursday it has decided to fine e-commerce giant Coupang 140 billion won ($12.44 million) for using unfair search algorithms and uploading false product reviews to boost sales of its own private-label items.
Kolkata Port slashes rates to attract more cargo
Kolkata, June 12 - The Syama Prasad Mookerjee Port in Kolkata (SMPK) has announced a volume-based rebate scheme for 2024-25 to enhance the volume of cargo.
Ports, roads to get major investment boost in India, cargo volume to grow up to 8 per cent: Report
New Delhi, June 12 - The cargo volumes in India are expected to grow 6-8 per cent in the current fiscal year on the back of healthy growth in the container and coal segments, amid increased government capital outlay across roads, ports, and
Indian corporates’ large capex to need offshore funding amid steady economic growth
New Delhi, June 12 - Indian corporates' large capex will need to rely on offshore funding despite improving domestic liquidity and companies’ earnings growth, a new report showed on Wednesday.
Indian financial institutions well placed to ride on robust economic growth: Moody’s
Mumbai, June 12 - Indian banks and non-bank finance companies (NBFCs) are well placed to seize opportunities from the country's strong economic prospects through lending growth in sectors such as infrastructure, energy transition, manufacturing, small businesses and retail, a Moody’s report said on
India’s industrial production clocks 5 pc growth in April
New Delhi, June 12 - India's Index of Industrial Production (IIP) recorded a 5 per cent year-on-year growth during April this year compared to the corresponding figure of 4.6 per cent in April 2023, according to the latest data released by the Ministry
India’s forex kitty surges to new lifetime high of $655.8 billion
Mumbai, June 14 - India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by the RBI on Friday.
EPFO revamping software to speed up settlement of claims
New Delhi, June 14 - Employees’ Provident Fund Organisation (EPFO) is in the process of revamping its application software with the UAN-based single accounting system for each member and automation of process flow with minimum human intervention to further speed up settlement of
Adani Ports strengthens ESG leadership, gains global recognition for climate initiatives
Ahmedabad, June 14 - Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has been recognised by CDP (formerly the Carbon Disclosure Project) for its exceptional efforts in tackling climate change and implementing best Environmental, Social and Governance (ESG) practices
India emerging as promising alternative to China for chipmaking equipment firms
New Delhi, June 14 - The chipmaking equipment industry is looking to establish operations in India, as the country emerges as a promising alternative to China amid tensions between Beijing and the West.
3 crore Lakhpati Didis must be created before 3-year deadline: Chouhan to officials
New Delhi, June 13 - Union Rural Development Minister Shivraj Singh Chouhan, on Thursday, told officials to work towards achieving the target of creating three crore Lakhpati Didis in villages ahead of the three-year deadline as part of a stepped-up action plan.
CII pegs India’s GDP growth at 8 pc for 2024-25
New Delhi, June 14 - Confederation of Indian Industry (CII) expects the country's economy to grow at 8 per cent in 2024-25 on the back of a better performance of the agriculture sector and higher levels of private investment, according to Sanjiv Puri,
India’s aviation sector takes off for next 25 years of growth under PM Modi
New Delhi, June 14 - India, which is one of the world's fastest-growing civil aviation markets with domestic air passenger traffic touching record high, has seen robust growth under Prime Minister Narendra Modi, paving the way for shaping the future of the aviation
Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition
Mumbai, June 14 - Leading global brokerage firms have gone bullish on the Adani Group’s Ambuja Cements after it announced to acquire Hyderabad-based Penna Cement for Rs 10,442 crore.
Adani Group’s Ambuja Cements acquires Penna Cement for Rs 10,422 crore
New Delhi, June 13 - Ambuja Cements, the leading Adani Group company, on Thursday announced the acquisition of 100 per cent stake in Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore, as the cement and building material major
NSE alerts investors against entities offering dabba trading, investment tips on social media
Mumbai, June 12 - The National Stock Exchange (NSE) on Wednesday warned investors against a person and entities engaged in dabba/illegal trading.
Nifty closes at 23,398 after touching all-time high
New Delhi, June 13 - Indian equity benchmarks closed in the green on Thursday following inflation decreases in India and the US. At closing, Sensex was at 76,810, up by 204 points or 0.27 per cent, and Nifty was up by 75 points
India’s 500 GW renewable energy target to require investment up to $215 bn in 7 years
Mumbai, June 12 - India's target of 500 gigawatts (GW) of renewable energy capacity by 2030 will require $190 billion-$215 billion of investment over the next seven years, a Moody’s report said on Wednesday, adding that solid growth in India's renewable energy capacity