Rapido's bike taxi segment provides 78% to overall business

New Delhi (IANS) Amid the growth of bike taxi services in recent times, Rapido's bike taxi segment contributes 78 per cent to the overall business, the company's top executive said on Sunday.

Rapido started its journey with ride-hailing…

Tightening of norms may increase NBFCs' headline NPAs: Ind-Ra

Mumbai(IANS) Tightening of norms may increase non-banking finance companies' (NBFCs) headline non-performing advances (NPA) by around one third, India Ratings and Research (Ind-Ra) said.

"The Reserve Bank of India's (RBI) clarification…

India should make habit of entering sunrise sectors: Niti Aayog CEO

Panaji (IANS) India's past mistakes in the electronics manufacturing, like entering the sector late after China and other countries have seized the market, should not be repeated when it comes to the area of electric mobility, Niti Aayog Chief…

Global action needed to regulate technology like cryptocurrency: Sitharaman

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Friday said collective "global action" is the only way to regulate the evolving technologies, including the cryptocurrencies.

Speaking at the InFinity Forum organised by Bloomberg and…

Equity indices extend gains, Power Grid top gainer

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) extended gains from the previous session in early trade on Thursday.

At 9.30 a.m., the S&P BSE Sensex traded at 57,992 points, up 0.5 per cent.

It opened at 57,781 points from the…

Swiggy to infuse Rs 5,250 Cr in quick grocery service Instamart

Bengaluru (IANS) Online food delivery platform Swiggy on Thursday announced to invest $700 million (over Rs 5,250 crore) in its express grocery delivery service Instamart that delivers groceries in 15-30 minutes -- at a crucial time when its closest…

Maruti Suzuki's shares jump nearly 4% as Co raises prices of select models

New Delhi (IANS) Shares of automobile major Maruti Suzuki rose nearly 4 per cent on Wednesday after the company announced an increase in prices of all non-cargo variants of its Eeco van.

Accordingly, shares of the automaker settled 3.3 per…

India's Apr-Oct fiscal deficit over 36% of FY22 target

New Delhi (IANS) India's April-October budgetary fiscal deficit reached 36.3 per cent of the FY22 target.

As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and expenditure…

Real estate sector to contribute 13% to India's GDP by 2025

According to a report released in August by the Indian Real Estate Industry, the real estate market is all set to reach a market size of $1 trillion by 2030, and will contribute 13 per cent to the GDP by 2025.

The report also predicts…

Nissan to invest $17.6 bn in EV development over next 5 years

Tokyo (IANS) As the adoption of electric vehicles enters top gear globally amid rising petrol-diesel prices, Japanese auto-maker Nissan on Monday said it will invest $17.6 billion (2 trillion Yen) in developing new EVs and battery technology over…