Business
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SC to hear today CBI’s plea against bail to Chanda Kochhar
New Delhi: The Supreme Court will hear on Friday a plea filed by the Central Bureau of Investigation (CBI) against a decision of the Bombay High Court releasing former ICICI Bank chief…
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IPO-bound Swiggy clocks Rs 2,350 crore net loss in FY24
New Delhi: Zomato’s rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24). The online food delivery platform, however, reduced…
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Rapido raises USD 200 mn to expand operations, scale tech platform
New Delhi: Homegrown ride-sharing platform Rapido on Thursday said it has raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by…
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India’s fintech startups grow fivefold in last three years
New Delhi: India’s financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has…
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Rupee falls 3 paise to settle at 84.01 against US dollar
Mumbai: The rupee breached the crucial 84-mark second time within a month and settled 3 paise lower at 84.01 on Wednesday amid a sharp decline in the domestic equity markets as investors…
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ONDC onboards over 6 lakh sellers, enables 1.2 crore orders per month
Mumbai: The government-run Open Network for Digital Commerce (ONDC) is now enabling more than 1.2 crore orders per month, with over six lakh sellers live on the network, it was announced on…
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43 pc of WazirX customers to lose their money, demand grows for scrutiny
New Delhi: After a massive Rs 2,000 crore data breach, more bad news awaits WazirX customers — including at least 4.2 million Indian users — as nearly 43 per cent of them…
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Sensex trades lower tracking weak global cues
Mumbai: Indian equity indices opened lower on Wednesday following weak global cues from US and Asian markets. At 9:43 a.m., Sensex was down 553 points or 0.67 per cent at 81,998 and…
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Sale of smartphones worth Rs 1 lakh and above surge in India
New Delhi: With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday. The smartphone shipments of Rs…
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Sensex trades flat, FMCG stocks gain
Mumbai: Indian equity indices were trading flat on Tuesday following mixed sentiments in the markets. At 9:51 a.m., Sensex was down 76 points or 0.09 per cent at 82,483 and Nifty was…
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Not paid any salary or ESOPs to Madhabi Buch post-retirement: ICICI Bank
New Delhi: ICICI Bank on Monday vehemently refuted the allegations levelled by the Congress about the private lender paying remuneration in the form of salary or employee stock option plans (ESOPs) to…
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Hyderabad airport opens new terminal for private aircrafts
Hyderabad: The Rajiv Gandhi International Airport in Shamshabad, Hyderabad has launched a new ‘General Aviation’ terminal, exclusively meant for private aircrafts and chartered flights, on Monday, September 2. The GMR group-run airport…
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At least 2.2 crore women among 10 crore NSE investors
Ahmedabad: Retail investors are leading the Indian stock market and at least 2.2 crore of over 10 crore investors on the National Stock Exchange (NSE) are now women. There are approximately 10…
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31 Indian startups secured over USD 466 million this week, 75 pc jump
New Delhi: At least 31 homegrown startups raised more than $466 million in 22 deals this week, a significant 75 per cent rise from last week. Quick e-commerce platform Zepto raised $340…
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Developers driving GDP growth in AI era: GitHub CEO
New Delhi: Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027,…
