Business
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Jefferies cuts Zomato stock to ‘hold’
New Delhi: Global brokerage firm Jefferies has downgraded Zomato’s shares to ‘hold’ as it revised the target lower, citing increasing competition as a threat to the online food aggregator’s profitability. Although valuations…
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Market crash makes investors poorer by Rs 10.98 lakh crore
New Delhi: Investors’ wealth tumbled Rs 10.98 lakh crore on Monday as markets crashed due to an across-the-board selloff, amid concerns over third-quarter earnings growth and foreign fund exodus. The 30-share BSE…
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Monday Blues hit the Sensex as all sectors bleed
Mumbai: The Indian stock market turned red in the afternoon trading session on Monday after opening in the green. Both the benchmark indices fell by more than 1 per cent. All sectoral…
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Women-led startup funding in India increases to $930 million in 2024
New Delhi: The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of…
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Market Outlook: Q3 results, FII and economic data key triggers for next week
Mumbai: The market outlook for next week will be guided by Q3 results, crude oil price, foreign institutional investors (FIIs) and domestic economic data, according to experts on Sunday. Quarterly results for…
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Ethiopia earns over USD 216 million from horticulture exports
Addis Ababa: Ethiopia has earned more than $216 million from exports of horticultural commodities during the first five months of the current fiscal year, the country’s Ministry of Trade and Regional Integration…
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Union Budget 2025-26 should continue to prioritise job creation: CII
New Delhi: The Union Budget 2025-26 should continue to prioritise employment creation to harness India’s demographic dividend and propel economic growth, apex business chamber CII said on Sunday. It highlighted that the…
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India’s demand for petroleum products expected to rise
New Delhi: India’s demand for petroleum products such as petrol, diesel and LPG is expected to rise by three to four percent in the current financial year ending on March 31, 2025,…
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Hyderabad: HYDRAA commissioner inspects illegal construction in Khanamet
Hyderabad: Hyderabad Disaster Response, Assets Monitoring and Protection Agency (HYDRAA) commissioner AV Ranganath inspected a multi-storeyed building being constructed illegally at Ayyappa Society in Khanamet village of Serilingampally mandal in an area…
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Court orders joint trial for Adani’s USD 265 mn bribery allegations
New York: A New York court has ordered that the criminal and civil cases filed against Indian billionaire Gautam Adani and others in a bribery scheme are “related” and will be assigned…
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Over 400 flights delayed at Delhi airport due to bad weather
New Delhi: More than 400 flights were delayed at the airport in the national capital on Friday morning as low visibility conditions due to dense fog disrupted operations, according to an official.…
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Job creation in India jumps 36 pc in last 10 years
New Delhi: Employment generation across the agriculture, manufacturing, and services sectors saw a significant increase during Prime Minister Narendra Modi’s tenure in the last 10 years compared to the preceding decade under…
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Rupee falls 3 paise to 85.78 against US dollar in early trade
Mumbai: The rupee depreciated 3 paise to 85.78 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market and a…
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Indian stock market opens lower, Nifty below 24,150
Mumbai: The domestic benchmark indices opened lower on Friday as selling was seen in the IT, pharma, financial service and FMCG sectors. At around 9.29 am, Sensex was trading at 79.710.47 after…
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SECI power agreements cannot be canceled without evidence of bribery: Naidu
Amaravati: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday said that the state government cannot cancel power purchase agreements with the Solar Energy Corporation of India (SECI) without obtaining concrete proof…
