Business news
- Business
Australia’s inflation falls to lowest in 12 months
Canberra: Falling produce and fuel prices have eased Australia’s rate of inflation to its lowest level in over 12 months, official data revealed on Wednesday. According to data from the Australian Bureau…
- Business
MediBuddy raises $18 mn for strategic acquisitions, continued expansion
New Delhi: Digital healthcare platform MediBuddy on Wednesday said it has secured additional funding of $18 million from existing investors Quadria Capital, Lightrock and TEAMFund. In February 2022, MediBuddy raised $125 million…
- News
SEBI issues guidelines for strengthening cyber security of market institutions
New Delhi: SEBI has issued guidelines for strengthening the existing cyber security and cyber resilience framework of market infrastructure institutions such as stock exchanges, clearing corporations and depositories. “Market infrastructure institutions (i.e.,…
- Business
LPG price cut to have financial implication of Rs 7,680 cr in current fiscal
New Delhi: As the government on Tuesday announced Rs 200 cut in the price of cooking gas cylinders for all subscribers, the financial implication of the decision will come to around Rs…
- Business
CBI books Mumbai based firm in fraud loan case
New Delhi: Central Bureau of Investigation (CBI) has lodged an FIR of loan fraud of Rs 167 crore against a Mumbai based firm Varron Auto Kast Ltd and its directors. A senior…
- Business
SoftBank may sell 1.17% stake in Zomato via block deal: Report
New Delhi: Japanese company SoftBank Vision Fund (SVF Global) is looking to sell off 1.17 per cent stake in food delivery giant Zomato, according to a media report on Tuesday. The stake…
- Business
Adding 100 mn skilled Indians to the workforce can increase GDP by 20%: Report
New Delhi: Bringing 100 million skilled people to the Indian workforce has the potential to increase the country’s GDP by 20 per cent and propel the economy towards $4 trillion, a report…
- Business
Reliance invested over $150 bn in last 10 years, most by any corporate house in India
New Delhi: Reliance has cumulatively invested more than $150 billion in the last 10 years – higher than any other corporate house in India, and comparable to the leading businesses across the…
- Business
NCLAT extends Jalan-Kalrock’s time to repay Jet lenders Rs 350 cr
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday gave more time to the winning bidder Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the bankrupt Jet…
- Business
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
New Delhi: In a major development in PM GatiShakti rail corridor projects in Chhattisgarh, rupee term loan documents were executed between the Central Bank of India under sole banking and the promoters,…
- Business
Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore
New Delhi: US-based investment major Tiger Global, via its VC fund Internet Fund III Pte Ltd, has exited online food delivery platform Zomato by selling its entire shareholding for Rs 1,123.85 crore.…
- Technology
Apple may become world’s largest smartphone brand by early 2024
New Delhi: Apple could see a rebound in its stock price ahead of new product announcements in September and could become the world’s largest smartphone brand by 2023-2024, leading Apple analyst Ming-Chi…
- Business
Our investment in India will keep growing: IBM CEO Arvind Krishna
New Delhi: Be it Cloud or artificial intelligence (AI), IT major IBM is bullish on the innovations coming out from its research and development (R and D) centres in India and the…
- Business
Will make sure that X competitor to LinkedIn is cool: Elon Musk
San Francisco: Elon Musk on Sunday took on Microsoft-owned LinkedIn, saying he will make sure that the X (formerly Twitter) competitor to LinkedIn is cool. X has already revealed plans to take…
- Business
Rupee falls 8 paise to 82.64 against US dollar on forex outflows, stronger greenback
Mumbai: The rupee on Friday declined by 8 paise to settle at 82.64 against the US dollar, snapping its three-day rally due to forex outflows, a strong American currency and negative equity…