Business
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India’s Jan retail inflation rises to over 6%
New Delhi: Higher food prices, as well as rising commodity costs, lifted India’s January 2022 retail inflation on a sequential as well as year-on-year basis, official data showed on Monday. As per…
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Jio Platforms to invest $200 million in Singapore-based Glance
Mumbai: Glance, a leading AI-driven lock-screen platform, said on Monday it has agreed to raise $200 million from Jio Platforms Limited in its Series D round of funding. Headquartered in Singapore, Glance…
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Global EV sales up 109% in 2021, Tesla leads with 14% share
New Delhi: Nearly 6.5 million electric vehicles (EVs) — including fully electric and plug-in hybrid passenger cars — were sold worldwide in 2021, up 109 per cent from 2020, with Tesla leading…
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Delhi HC nixes plea by Zostel to restrain OYO’s IPO process
New Delhi: The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering…
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Swiggy set to acquire DineOut for around $200 million
New Delhi: Leading online food delivery platform Swiggy is set to acquire Times Internet-backed dining out platform Dineout for close to $200 million, reliable sources said here on Monday. Dineout was also…
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Now trade-in used mobile phones on Flipkart
New Delhi: Domestic e-commerce platform Flipkart on Monday introduced the Sell Back Programme that offers customers a platform to sell their used mobile phones. The Sell Back Programme launch follows Flipkart’s recent…
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Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund
Dubai: Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly 80 billion as the…
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India-based startups raised $39 bn in 2021; mortality rate down to 1%
New Delhi: India-based startups raise $39 billion capital in 2021, said Grant Thornton Bharat. The report on the democratisation of India’s startup ecosystem showed a total funding of $39 billion, a rise…
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Sindhu Trade Links becomes multibagger, shares up 2000% in 2021
New Delhi: Sindhu Trade Links shares became multibagger in 2021 as it rose over 2,000 per cent during the year. On Friday, the shares settled at Rs 139 on the BSE, against…
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Banks had tried to revive ABG Shipyard but failed: SBI
New Delhi: The State Bank of India on Sunday said that the consortium of banks, which had made loans to ABG Shipyard, had tried to revive its operations but all efforts failed…
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Rival unions unite at Eicher Motors
Chennai: While merger of rival companies is normal, a merger of two worker unions is something rare, which happened at two-wheeler maker Eicher Motors Ltd’s plant here, said their leaders. Further, the…
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CIL taking steps to increase coal supply to non-power sector
New Delhi: Coal India Limited (CIL) has sufficient buffer stock and is making efforts to increase coal supply to the non-power sector in view of the increased demand, the Ministry of Coal…
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RBI to observe financial literacy week during Feb 14-18
Mumbai: The Reserve Bank of India (RBI) will observe ‘financial literacy week’ during February 14-18, in order to propagate financial education messages among the public across the country. The theme of this…
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Maruti on course to become India’s highest car exporter in FY22
New Delhi: Automobile major Maruti Suzuki is on course to become the largest car exporter from India in FY22. The feat has been achieved after a gap of 11 years with new…
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Tesla manufacturing in China & selling in India not digestible: Gadkari
New Delhi: Union Minister for Road Transport and Highways Nitin Gadkari has said that manufacturing Tesla in China and selling in India is not a digestible concept to all of us, as…
