Indian spacetech sector gets $62 mn in funding this year, up 60%

New Delhi (IANS) As the world acknowledges India's space dominance after the Chandrayaan-3 success, the spacetech sector in the country received $62 million in funding this year to date, reflecting a substantial 60 per cent increase compared to…

India, EU FTA talks progressing well but lots of work to be done, says EU official

New Delhi (IANS) The discussions on the Free Trade Agreement between India and the European Union (EU) have made "progress but a lot of work is still ahead of us", said European Union (EU) executive vice president Valdis Dombrovskis on Saturday.

Indian shoppers predicted to boost their spending by 14% over previous year this festive season: Disney+ Hotstar survey

New Delhi (IANS) As cricket fever grips the nation with only days to go to the Asia Cup followed by the ICC Men's Cricket World Cup 2023, the second edition of Disney+ Hotstar's Festive Shopping Sentiment Survey has found that shoppers this…

India gets its 1st unicorn of 2023 in Zepto which raises $200 mn

New Delhi (IANS) Ending the unicorn drought in India amid the ongoing funding winter, online grocery company Zepto on Friday announced it has raised $200 million in its Series E round, valuing the company at $1.4 billion.

The fundraise brought…

Shoppers Stop stock falls over 10?ter CEO resigns

New Delhi (IANS) The stock price of Shoppers Stop slumped more than 10 per cent on Friday after its CEO resigned.

Shoppers Stop was trading at Rs 727.50, down 10.35 per cent on BSE.

Venu Nair, Managing Director and Chief Executive Officer…

Near term market outlook turns positive

New Delhi (IANS) The near-term market outlook has turned distinctly positive with the US economy’s soft landing narrative lifting sentiments globally and Chandrayaan-3's successful soft landing on the moon boosting sentiments in India, says V.K.…

RBI raises transaction limit for small value offline digital payments to Rs 500

New Delhi (IANS) The Reserve Bank of India (RBI) on Thursday raised the transaction limit for small-value digital payments conducted offline to Rs 500 per transaction from the earlier Rs 200.

"This directive shall come into effect immediately,"…

Indian banks set to reward shareholders with the highest dividend in seven years

New Delhi (IANS) Indian banks look set to reward shareholders with the highest dividend in at least seven years.

The country's banks are forecast to take their share in aggregate payout across all sectors to 13% for the year ending March…

Alternate financing can capitalise on $500 bn SME credit opportunity in India

New Delhi (IANS) Digitised businesses in India have a potential credit demand of $220 billion, out of which $165 billion is serviceable today after adjusting for sick and commercially unviable businesses, a report showed on Thursday.

In the…

India's growth rate expected to be highest in near future: Finance Secretary

New Delhi (IANS) India's growth rate is expected to be the highest in the near future, which will make it one of the biggest development opportunities, Finance Secretary T.V. Somanathan was quoted as saying at an event, according to reports.