New Delhi: Online food delivery platform Swiggy Wednesday revealed that close to 60 lakh Biryani orders were received during the holy month of Ramzan. The Biryani orders were 15 per cent up (from March 12 to April 8) compared to regular months. Hyderabad topped the...
Mumbai: Domestic rating agency Icra Wednesday revised downwards its outlook for the banking sector to 'stable' from 'positive' on expectations of a moderation in credit growth and profitability. The agency said the credit growth will moderate to 11.6-12.5 per cent in FY25 from 16.3 per...
New Delhi: Global rating agency Fitch has downgraded China's sovereign credit rating from stable to negative, citing concerns over the country’s rising fiscal deficit. Fitch's projections anticipate a rise in the general government deficit to 7.1 per cent of Gross Domestic Product (GDP) in 2024,...
United Nations: India remains a "strong" recipient of foreign investments as multinationals recognise it as an alternative manufacturing base for supply chains, according to the United Nations. "India is benefiting by growing interest from multinationals, which see the country as an alternative manufacturing base in...
New Delhi: Travellers will have to shell out more for domestic flights this summer season, with airfares surging 20-25 per cent amid Vistara flight cancellations and strong air travel demand, according to industry experts. At a time when peak summer travel period is round the...
New Delhi: Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, Managing Director and CEO of PPBL, has...
New Delhi: Ride-hailing company Ola Tuesday said it has decided to shut down all of its existing global markets, namely the UK, Australia and New Zealand amid rising competition. The company mentioned that it will be focusing on the Indian market as it sees an...
New Delhi: Tata Electronics is in discussion with Pegatron, Apple's contract manufacturer, to acquire a majority stake in its India factory, sources aware of the development said. While the actual investment details of the deal are under discussion, sources said that details will be firmed...
New Delhi: Asserting that "alarm bells" are ringing in the Indian economy, the Congress Tuesday claimed stagnant wages and high inflation have forced households to take loans just to get by and are slowly sinking into debt. Congress general secretary Jairam Ramesh also stressed that...
Mumbai: Benchmark equity indices ended marginally lower Tuesday amid profit-taking after the BSE Sensex breached the historic 75,000-mark for the first time ever in early trade and the Nifty climbed to its fresh peak. Putting a break on its record-breaking rally, the 30-share BSE Sensex...
One of the key indicators of the health of an economy is the size of its middle class. A burgeoning...
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Let us discuss what is called merit. The British middle class is 60 per cent of the population. The working...
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The Election Commission of India (ECI) has taken two very different stands in handling police appointments in the poll-bound states...
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On paper the BRICS summit being held in Kazan, Russia, from 22 October to 24 October aims at strengthening multilateralism...
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