Business
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Ixigo’s profit more than doubled at Rs 73 crore in FY24
New Delhi: Le Travenues Technology Ltd, which owns online travel aggregator Ixigo, on Thursday said revenue from operations grew by 30.8 per cent (year-on-year) in FY24 to Rs 655.9 crore from Rs…
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Suzuki’s Next Bharat Ventures launches Rs 340 cr fund for social impact startups
New Delhi: Japanese automobile company Suzuki Motor Corporation’s subsidiary Next Bharat Ventures IFSC Private Limited on Thursday launched a Rs 340 crore investment fund — Next Bharat — that aims to act…
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Bengaluru sees 57 pc jump in residential prices in last 5 years: Report
Bengaluru: India’s Silicon Valley saw average residential prices surge by 57 per cent in the last five years and considering the current trends, residential launches and sales in the city are expected…
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Sensex hits new all-time high on positive global cues
Mumbai: Indian equity benchmarks opened at a new record high on Thursday following positive cues from global peers. In early trading hours, Sensex and Nifty made a new all-time high of 80,374…
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Govt buys 266L tonnes of wheat at MSP; Rs 61L crore credited to farmers’ accounts
New Delhi: The Food Corporation of India (FCI) has successfully procured 266 lakh metric tonnes of wheat during the current Rabi marketing season 2024-25, surpassing last year’s figure of 262 lakh metric…
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Top Indian crypto exchange acquires Dubai-based BitOasis
In a bid to expand its global footprint, CoinDCX, the largest crypto exchange in India, on Wednesday, July 3, announced the acquisition of Dubai-based BitOasis, a leading virtual assets trading platform. The…
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Indian real estate registers $2.5 bn in investments in Q2: Report
New Delhi: After a steady start in the first quarter (Q1) of 2024, Indian real estate saw accelerated momentum in the second quarter (Q2), registering $2.5 billion of inflows — the highest…
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BMW posts strong performance in H1, sees over 21 pc boost in car sales in India
New Delhi: BMW Group India has posted a strong performance in the first half (H1) of 2024 (January-June) as it witnessed a boost of over 21 per cent in car sales (BMW+MINI),…
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India’s solar observatory Aditya-L1 completes halo orbit L1: ISRO
New Delhi: Aditya-L1 spacecraft, known as India’s solar observatory, has completed its first halo orbit around the Sun-Earth Lagrange Point 1 (L1), announced mission officials at the Indian Space Research Organisation (ISRO).…
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Indian food services market to reach Rs 10 lakh crore by 2030: Report
New Delhi: The food services market in India is poised to grow at 10-12 per cent annually over the next seven years, reaching Rs 9-10 lakh crore by 2030, a report showed…
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Koo, India’s twitter alternative, shuts down as acquisition talks fail
Indian social media platform Koo is shutting down after acquisition talks with Dailyhunt fell through. Despite securing over $60 million in funding from notable backers like Tiger Global and Accel, Koo was…
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Sensex hits historic 80,000-mark; Nifty reaches fresh lifetime high
Mumbai: Equity benchmark indices started the trade on an optimistic note on Wednesday, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime…
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Fraudsters using FB, WhatsApp to dupe users in investment scams in India: Report
New Delhi: Cybersecurity researchers have revealed the alarming rise of investment scams in India peddled through social media messaging platforms such as Facebook, WhatsApp, Telegram, X, and others, in which fraudsters convince…
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Hindenburg claims Kotak’s fund short-sold Adani stocks, group says wasn’t aware
Mumbai: After Hindenburg Research alleged that Kotak Mahindra group created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks, the group on Tuesday said…
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Hindenburg says Kotak created offshore fund to help investor profit from Adani shares
New Delhi: Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that…
