Indian startups raise $202 million, over 100 pc jump from last week

New Delhi (IANS) The fundraising by the Indian startup ecosystem reclaimed its upward trend this week with nearly $202 billion via 21 deals. 

This is a massive over 100 per cent rise from last week when the startups secured about $98 million…

Hyundai Motor India files draft papers for Rs 25,000 crore IPO

Mumbai (IANS) Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO to raise around $3 billion (Rs 25,000…

CII pegs India’s GDP growth at 8 pc for 2024-25

New Delhi (IANS) Confederation of Indian Industry (CII) expects the country's economy to grow at 8 per cent in 2024-25 on the back of a better performance of the agriculture sector and higher levels of private investment, according to Sanjiv Puri,…

WPI inflation remains benign, likely to normalise by Sept-Oct: Experts

New Delhi (IANS) The inflation in food articles is expected to rationalise by September-October as many of the kharif crops will enter the markets and supplement the existing supply, industry experts said on Friday. 

According to figures released…

Sensex, Nifty trade lower on weak global cues

Mumbai (IANS) Indian frontline indices, Sensex and Nifty were trading in the red on Friday following weak global cues.  

At 9.40 a.m., Sensex was down 196 points or 0.26 per cent at 76,614 and Nifty was at 23,358, down 40 points or 0.17 per…

MECON Ltd seeks bids for use of green hydrogen in making steel

New Delhi (IANS) As part of the government's move to replace fossil fuels with green hydrogen in steel manufacturing, MECON Limited has invited proposals from prospective bidders for use of Hydrogen in DRI Pilot Plant, in existing Blast Furnace…

Nifty closes at 23,398 after touching all-time high

New Delhi (IANS) Indian equity benchmarks closed in the green on Thursday following inflation decreases in India and the US. At closing, Sensex was at 76,810, up by 204 points or 0.27 per cent, and Nifty was up by 75 points or 0.33 per cent, at 23,398. 

Exports from SEZs surge 4 pc to reach over $163 billion

New Delhi (IANS) As the Centre considers several measures to empower special economic zones (SEZs), the exports from these special hubs zoomed up 4 per cent in 2023-24 to reach $163.69 billion. 

The exports from SEZs stood at $157.24 billion…

FM Sitharaman on strong wicket as Modi 3.0 gears up to present full budget

New Delhi (IANS) Prime Minister Narendra Modi has sent a clear message of continuity in the government’s economic policy with the re-appointment of Nirmala Sitharaman as Finance Minister. 

Sitharaman’s return comes on the back of a successful…

Centre releases Rs 1.39 lakh crore as tax devolution to states to boost development

New Delhi (IANS) In a bid to enable state governments to accelerate development and capital spending, the BJP-led NDA government released one additional instalment of devolution of taxes, cumulatively amounting to Rs 1,39,750 crore this month.