EV maker Kinetic Green’s losses surge 11 times to Rs 77 crore

Mumbai (IANS) Electric vehicle maker Kinetic Green faced a major financial setback in FY24, with its losses widening 11 times to Rs 77 crore as compared to the Rs 7 crore in the previous year (FY23). 

The biggest contributor to its rising losses…

SpiceJet's revenue nosedives 36 pc in Q3, losses deepen to Rs 441 crore in Q2

New Delhi (IANS) Low-cost airline SpiceJet has reported a sharp decline (on-year) in its revenue in the October-December quarter (Q3 FY25) to Rs 1,178.7 crore from Rs 1,850.4 crore in a year-ago period (Q3 FY24). This decline came despite a rise in…

Maruti Suzuki India begins commercial production at Kharkhoda facility in Haryana

New Delhi (IANS) In a further boost to domestic manufacturing, Maruti Suzuki India on Tuesday said it has started commercial production at its Kharkhoda facility in Haryana. 

The foundation stone for this facility was laid by the Prime Minister…

SEBI proposes new method to prevent stock manipulation in derivatives market

Mumbai (IANS) The Securities and Exchange Board of India (SEBI) has proposed a major change in the way open interest (OI) is calculated in the equity derivatives market. 

In a statement, the regulator suggested moving to a ‘Future Equivalent’…

Indian stock market opens lower, Sensex below 75,000

Mumbai (IANS) The Indian benchmark indices opened lower on Monday amid weak global cues, as selling was seen in the IT and financial service sectors in the early trade. 

At around 9.34 am, Sensex was trading 541.66 points or 0.72 per cent down…

Temporary workforce powering NBFC growth in India, driving financial inclusion: Report

New Delhi (IANS) The temporary workforce has emerged as a backbone of the non-banking financial companies (NBFC) sector, taking on crucial roles such as collection officers, sales officers and relationship managers, a new report said on Monday. 

Adani Portfolio's tax contributions reach Rs 58,104 crore for FY 2023-24

Ahmedabad (IANS) The Adani Group's total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the financial year 2023-24, showcasing a significant increase from the previous year's Rs 46,610.2 crore through…

UPI emerges as dominant force driving financial inclusion in India

Riyadh (IANS) Leaders of Egypt, Jordan, Saudi Arabia, the United Arab Emirates (UAE), Qatar, Kuwait, and Bahrain met in Saudi Arabia's capital Riyadh to discuss the Palestinian issue and the developments in the Gaza Strip, the official Saudi Press…

Indian stock market consolidates amid global uncertainties, FIIs to return soon

Mumbai (IANS) Indian stock markets remained in a consolidation phase this week, with benchmark indices Sensex and Nifty slipped over half a per cent amid weak global cues and trade war concerns. 

Sensex and Nifty started the week on a positive…

22 Indian startups raise over $184 million in funding this week

New Delhi (IANS) At least 22 Indian startups raised more than $184 million in funding this week, which included 10 growth-stage deals and 12 early-stage rounds. 

Early-stage startups also attracted investor interest with raising a total of…