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Rs 819-crore RailTel IPO opens tomorrow, February 16: Here is all you need to know
The initial public offer (IPO) is entirely an offer-for-sale through which government will offload 87,153,369 equity shares, amounting to 27.16 per cent stake, the company said in a statement. At the upper end of the price band, the government would raise a little over Rs 819 crore. -
Millennial, Gen Z homes spur Q-commerce growth
In the past one year, half the new customers that we have added are all pure play quick commerce customers, who often do not make planned purchases and end up buying 4-15 times a month from our platform,” said Seshu Kumar Tirumala, chief buying and merchandising officer at BigBasket. Goldman Sachs said Blinkit's implied valuation - estimated at $13 billion - is now higher than that of parent Zomato's core food delivery business, indicating the rapid growth of the segment. -
Why Indian students in the US, including those from elite Ivy League universities, are failing to land internships this summer
Indian students studying in the United States are facing challenges in securing internships this summer due to a decrease in job opportunities. The global economic slowdown and preference for hiring local students are contributing factors. STEM students, in particular, are finding it difficult to land internships in technology and consulting fields. -
‘Just like nuclear weapons’: Warren Buffett has this big warning on the use of artificial intelligence
Warren Buffett has recently expressed his views on the possible impact of artificial intelligence. Asked about which business of Berkshire is AI likely to impact, he said, “In terms of our businesses, they'll figure things out. We've got smart people." -
Meet Man Who Built Rs 500 Crore Company With Just Rs 10,000 After 20 Failed Attempts
Through years Nahar tried his hand at almost 20 different ventures but unfortunately none of them worked and eventually led to disappointment. -
Lok Sabha Elections 2024: Banks Will Be Closed In These States On May 7—Check List
Several banks across India will remain closed due to Phase 3 of the Lok Sabha Elections 2024 on May 7. -
India extends duty-free import of yellow peas by four months
In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April and then June. It was part of New Delhi's intervention to cool the prices of the overall pulse basket. Reportedly, the duty on yellow peas was first implemented in November 2017 at 50 per cent. India largely imports yellow peas from Canada and Russia. -
India Extends Duty-Free Import Of Yellow Peas For Another Four Months
Despite several measures, including various incentives to farmers, India is still dependent on imports of pulses for its domestic requirements. -
Paytm's Chief Operating Officer Bhavesh Gupta Resigns, Citing Personal Reasons
Varun Sridhar, formerly CEO of Paytm Money has been appointed as CEO of Paytm Services. -
Pesticide residue in Indian herbs and spices? Food regulator denounces claims as 'false and malicious'
The Food Safety and Standards Authority of India has refuted claims of elevated pesticide residues in Indian herbs and spices as 'misleading and baseless'. In an official statement, the food safety watchdog emphasized India's rigorous adherence to Maximum Residue Limits (MRLs), which are customized for each food item based on thorough risk evaluations. -
Market Valuation Of 6 Of Top 10 Firms Declines By Rs 68,417 Cr; Airtel Biggest Laggard
However, the mcap of State Bank of India climbed Rs 26,907.71 crore to Rs 7,42,126.11 crore. -
Worsening weather is igniting a $25 billion market
Demand for weather derivatives, driven by climate volatility and fragility in various sectors, is on the rise. Marty Malinow's firm experiences increased interest, with CME Group reporting a significant uptick in trading volumes and outstanding contracts. -
Patym parent co president and COO quits
One97 Communications (OCL), which owns brand Paytm, on Saturday said the company's president and chief operating officer (COO) Bhavesh Gupta has resigned from his position. Gupta, whose resignation comes amid a series of recent top level exits at the Noida-based fintech, will however move to an advisory role in the CEO office. Gupta quit citing personal reasons and his last day with the organisation-which has come under regulatory scrutiny due to non-compliance at its banking unit-will be on May -
As stock market booms, malpractices of Harshad, Ketan era are back: Harsh Goenka
Billionaire businessman Harsh Goenka fears that a stock market scam is brewing that could be equated with the ones which were perpetrated by infamous market operators like Harshad Mehta and Ketan Parekh. Goenka alleged that this time the scam may have its origin in Kolkata. In a post on X, Goenka on Saturday alleged that businessmen, especially from Kolkata, are cooking up books to inflate profits which in turn is driving up stock prices. -
IDBI Bank Registers 44% Jump In Net Profit For Jan-March Quarter
IDBI Bank's provisions on bad debts written off came down sharply to Rs 1,049 crore from Rs 3,587 crore in the same quarter of the previous year. -
Meet Young Entrepreneur Who Went To Shark Tank India And Built Rs 10 Cr Company From Just Rs 2000
The Shell hair was launched in the year 2020 and it quickly garnered attention for its diverse range of products. -
Zydus’ biopharma arm acquires global proprietary rights for Progeria treatment
Sentynl, under Zydus Lifesciences, acquired global rights for Zokinvy, the first FDA-approved Progeria treatment. An acquisition milestone in expanding the rare disease medicines portfolio, focusing on supporting patients. -
Centre Lifts Ban On Onion Export, Fixes MSP To Woo Farmers, Traders Ahead Of Phase 3 Polling In Maharashtra
Onion traders and farmers, especially from Maharashtra had been demanding for the lifting of the export ban. -
Govt Lifts Ban On Onion Exports, Sets Minimum Export Price Amid Lok Sabha Elections
Onion traders and farmers, especially from Maharashtra had been demanding for the lifting of the export ban. -
Six Adani Group Companies Receive Notice From SEBI; Know Why
The auditors for most of these firms except for Adani Total and Adani Wilmar issued a qualified opinion. -
Anticipated above-normal Southwest monsoon brings hope for India's agricultural sector: Geojit report
According to Geojit insights, the India Meteorological Department (IMD) expects above-normal rainfall, with the total from June to September anticipated to be 106 per cent of the long-period average. -
Fed's John Williams says 2% inflation target 'critical'
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Fruits pack a punch in India’s mocktail market
Readymade punches and mocktail companies that use 'natural' ingredients such as fruits, roots, herbs, and spices are entering India's beverage market due to a trend towards healthier options and convenience. Party animals are now preferring fruity concoctions over alcoholic drinks due to the shift from boozy highs and soda burps. A study by Statista predicts a 2.3% volume growth in the global market for non-alcoholic drinks this year. -
Eyes on small biz: Google apps tap into Bengali, Tamil & Telugu
Google has added Bengali, Tamil and Telugu, among 52 additional languages it has announced, to its ‘Workspace’ — a platform with 3 billion users comprising AI-powered apps like Gmail, Chat, Meet, Calendar, Drive and Docs. Additionally, she revealed an AI-powered video creation application for work called Google Vids, scheduled to be released in June in Google Workspace Labs, along with a variety of other new features. -
Sebi eases e-onboarding for portfolio managers
The capital markets regulator Sebi relaxed the digital onboarding process for clients of portfolio managers on Friday. This move is aimed at facilitating ease of doing business. Portfolio managers must ensure that new clients acknowledge the fee structure by using a typed or electronically written note, instead of the current practice where clients provide the same in their own handwriting. -
‘Apple logs double-digit revenue growth in India’
Apple CEO Tim Cook spoke about Apple’s growing engagement in India across retail functions and developer ecosystem as he pointed to sustainability efforts initiated by the company in water conservation.Apple is growing sales channels in the country, apart from engaging deeper with the developer ecosystem, says Cook. He had visited India last year to inaugurate two company-owned stores. -
Sensex swings 1,600 pts, ends below 74,000 on selloff
Selling across the board occurred after the Sensex reached the 75,000 mark once again in early trades on Friday, causing the index to drop by 733 points or 1% to close at 73,878. Reliance Industries, L&T, and HDFC Bank were the main contributors to the day's loss, as foreign funds sold aggressively. Market participants mentioned that taking profits at higher levels led them to sell off their holdings. -
Forex reserves fall for 3rd week, decline $2.4 billion
India's foreign exchange reserves decreased by $2.4 billion to $637.9 billion as of April 26, marking the third consecutive weekly decline in reserves, as reported by the RBI on Friday. During the previous reporting week, the total reserves had decreased by $2.3 billion to $640.3 billion. Reserves reached a record high of $648.6 billion by the week ending April 5 after increasing for several weeks. -
7 of 10 listed Adani companies get Sebi notices
Seven out of the 10 Adani group companies listed have been issued showcause notices by the market regulator Sebi for suspected breaches of different regulations, such as disclosure and related-party transaction norms. The companies that were served with the notices stated that the notices do not have any significant effect on their operations. -
RBI tightens norms for loans to projects like roads & ports
The RBI has suggested more stringent rules for project funding, which will increase the cost for lenders when offering loans for infrastructure and industrial projects such as roads, ports, and power plants. The new regulations mandate that lenders reserve 5% of the funds they have provided as a precaution for both current and future loans.
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