Swiggy raises $700 mn, becomes 5th Indian decacron

New Delhi (IANS) Food delivery platform Swiggy on Monday said it has raised $700 million led by Invesco, which will be utilised to scale its overall business along with giving a boost to its quick-commerce grocery service Instamart. At a $10.7 billion…

Demand for office space up 50 percent in 2021 led by startups, tech cos: Colliers

New Delhi (IANS) Demand for office space in Delhi NCR region has grown 50 per cent year-on-year in 2021, majorly due to strong absorptions by startups and technology firms, said global real estate consultancy firm Colliers.

In 2021, total absorption…

Confirm willingness to fund debt owned to lenders: FRL independent directors to Amazon

New Delhi (IANS) Future Retail's independent directors have asked e-commerce giant Amazon if it is willing to fund Rs 3,500 crore to repay the retail company's lenders.

Notably, the question to Amazon was posted after the e-commerce…

Industry Speaks: Make travel expenses deductible under IT returns in Budget FY23

New Delhi (IANS) India's hotel and restaurant industry has urged the Centre to make travel expenses deductible under IT returns in Budget FY23.

Notably, the sector has been heavily battered due to the Covid-19 pandemic and the subsequent…

Witnessing gradual recovery in CV segment demand says Tata Motors

New Delhi (IANS) The Centre's accelerated infra push along with healthy demand from the e-commerce sector has led to a gradual recovery in the commercial vehicle (CV) segment, said automobile major Tata Motors.

Notably, the segment went…

Budget expected to restore consumer confidence

New Delhi (IANS) To restore consumer confidence, which was severely dented by waves of the Covid-19 pandemic and to sustain the growth recovery, the Budget is expected to provide support through various measures.

It will also have to give clear…

IDBI Bank's Q3FY22 net profit up 53%

New Delhi (IANS) IDBI Bank on Friday reported a rise of 53 per cent in its net profit for Q3FY22 on a year-on-year basis, at Rs 578 crore as against Rs 378 crore reported for Q3FY21.

Besides, the bank's net interest income improved by 31…

Equities fall further, Sensex down over 400 pts on Thursday

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on National Stock Exchange extended their losses on Thursday from the previous session due to renewed fund outflow by FPIs and in line with bearish trend in the US market…

FII outflows plunge equity indices; Sensex, Nifty settle 1% down

Mumbai (IANS) Outflow of foreign funds plunged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- deeply in the red on Thursday.

Besides, global inflationary woes as well as rise in crude oil prices supported the downtrend.

Air India curtails US operations due to 5G roll-out

New Delhi (IANS) National carrier Air India will not be able to operate a number of US-bound flights on Wednesday, the airline said.

Accordingly, the airline informed passengers via it's official Twitter handle that it will not be able…