Category: Business

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Indian startups raise $145 mn in funding this week

New Delhi:  The domestic startup ecosystem raised more than $145 million, as investor confidence is reviving in the country when it comes to VC funding. Publicly-listed gaming firm Nazara raised $101.3 million via a preferential share issue, led by investors like SBI Mutual Fund, Caratlane founder Mithun Sacheti, and Aamara Capital. ShopDeck, a direct-to-consumer (D2C).

EPFO Board okays redemption policy for ETFs to boost earnings for members

New Delhi: The meeting of the EPFO Central Board of Trustees, chaired by Union Labour and Employment Minister Mansukh Mandaviya, on Saturday approved a Redemption Policy for exchange-traded fund (ETF) investments in CPSE and Bharat 22 to generate higher income for the EPF Scheme’s ‘Interest Account’. The policy mandates a minimum five-year holding, returns exceeding.

India clocks 5.4 per cent GDP growth in Q2, remains fastest growing economy

New Delhi: India’s economy clocked a GDP growth rate of 5.4 per cent for the second quarter (July-September) of the current financial year, according to the data released by the Ministry of Statistics on Friday. Although the GDP growth has slowed during the second quarter, India still remains the fastest growing major economy in the.

Sensex surges 759 pts, Bharti Airtel and Sun Pharma top gainers

Mumbai:  The Indian stock market closed in green on Friday as both the equity benchmark indices Sensex and Nifty witnessed a strong rally. With this strong comeback of the indices, the market recovered from the previous session’s sell-off due to F&O (futures and options) expiry. Sensex closed at 79,802.79 after a gain of 759.05 points.

Get Ready for Adventure: Parasailing Activities to Begin at Govind Sagar Lake in Bilaspur

Bilaspur (Himachal Pradesh): The district administration of Bilaspur is set to enhance the tourism experience at Govind Sagar Lake by introducing parasailing activities. A leading Delhi-based company, currently operating in Tehri, has been invited to conduct trial operations for this project. The company will carry out parasailing activities in the lake for the next two months..

Ektaa Kapoor expresses to Odisha CM Mohan Charan Majhi after he declares ‘The Sabarmati Report’ tax-free in the state

Mumbai:  Producer Ektaa Kapoor, who is receiving a lot of positive response to her recent theatrical movie ‘The Sabarmati Report’, has expressed her gratitude to Mohan Charan Majhi, the Chief Minister of Odisha after the latter granted the tax-free status to the Vikrant Massey-starrer. On Thursday, the CM took to his X, and shared the.

Former Attorney General Rohatgi says no bribery charges against Gautam Adani, nephew in US indictment

New Delhi : Former Attorney General of India and Senior Counsel Mukul Rohatgi on Wednesday said that industrialist Gautam Adani, along with his nephew Sagar Adani, has not been named in key bribery or obstruction of justice charges in the indictment filed by United States prosecutors in a bribery case. Earlier today, the Adani Group.

India’s real estate sector to cross $4.8 trillion by 2047: Report

New Delhi: The Indian real estate sector is set to cross $4.8 trillion in market size by 2047, contributing over 18 per cent to the projected $26 trillion GDP target for the year, according to a joint report by real estate body CREDAI and Ernst & Young released on Tuesday. The report expects PropTech to.

Indian stocks start new week on a flyer, Sensex jumps nearly 1,000 pts

New Delhi: Indian stock indices closed with significant gains on Monday, maintaining the early momentum. This marked a strong start to the new week and helped recover some of the recent losses. The Sensex closed at 80,109.85 points, up by 992.74 points or 1.25 per cent, while the Nifty ended at 24,221.90 points, gaining 314.65.

India’s cement industry projected to grow to 5.09 billion tonnes by 2028-29

The Indian cement industry's market size was 3.82 billion tonnes in 2022-23.