Business

Mumbai: Halting their record-breaking rally, equity benchmark indices Sensex and Nifty buckled under selling pressure as investors pared exposure to oil & gas, capital goods and FMCG stocks amid a bearish trend in global markets. Snapping its six-day rally, the 30-share BSE Sensex declined 269.03...

New Delhi: At least 152 Indian startups are on track to turn unicorns from 31 cities over the next three to five years to its current tally of 67 unicorns, a new report has said. As per ASK Private Wealth Hurun India Future Unicorn Index...

New Delhi: Quick commerce company Zepto on Friday said it has raised $665 million (about Rs 5,560 crore) in the latest funding round that valued the firm at $3.6 billion, almost triple than its worth a year back. The massive fundraise comes less than a...

Bhubaneswar: The United Nations World Food Programme (WFP) and the state government will work on improving household assistance to make Odisha a nutritional hub for food security, Food Supply and Consumer Welfare Minister Krushma Chandra Patro said Thursday. “This is a significant initiative for achieving...

Bhubaneswar: The state’s first rice ATM (Automated Teller Machine) will be set up in the Capital City within a week’s time to streamline Public Distribution System (PDS) for ration card beneficiaries, informed Food Supplies and Consumer Welfare Minister Krushna Chandra Patra, Thursday. Patra, who took...

New Delhi: Finance Minister Nirmala Sitharaman Thursday chaired the third pre-budget consultation with industry leaders and associations in connection with the forthcoming General Budget 2024-25 here Thursday. The pre-budget consultation meeting was also attended by Union Minister of State for Finance, Pankaj Chaudhary, Finance Secretary,...

London: Any hopes the governing Conservative Party may have of the Bank of England cutting its main interest rate from a 16-year high of 5.25 per cent Thursday are expected to be dashed — even though inflation in the UK has fallen to its target...

New Delhi:  Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago. Ten years ago, India was the smallest market with around 8 million seats,...

New Delhi: British telecom player Vodafone Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). The company will use the major portion of the proceeds to pay 1.8 billion euro outstanding bank borrowings...

Mumbai: Retail inflation is gradually easing, but volatile and elevated food prices are interrupting the path of disinflation, the RBI Bulletin said Wednesday. An article on the "State of the Economy", published in the June 2024 Bulletin, said global growth was resilient in the first...