Indian startups secure $395 million this week, a massive 350 pc jump

New Delhi (IANS) Riding on overall economic growth, Indian startups raised more than $395 million in at least 20 deals this week, a massive about 350 per cent jump from $113 million secured last week in 22 deals. 

Hospitality and travel-tech…

India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe

New Delhi (IANS) India's apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). 

Apparel…

25 Indian companies gear up to launch IPOs worth Rs 22,000 crore

New Delhi (IANS) The initial public offering (IPO) season has warmed up and at least 25 companies, already approved by the market regulator SEBI, are planning to enter the market to raise about Rs 22,000 crore in the coming few weeks, analysts said…

Higher coal production leads to decline in prices in June

New Delhi (IANS) Coal prices came down in the country during June, indicating an increase in the availability of the fuel to meet the growing demand in the economy, according to a Coal Ministry statement issued on Friday.  

"The National Coal…

ED attaches properties of Avantha Group under PMLA

New Delhi (IANS) Directorate of Enforcement (ED) has provisionally attached immovable properties of Gautam Thapar’s Avantha Group. Valued at Rs 678.48 crore, the properties are in the form of land located in Haryana, Maharashtra and Uttarakhand.

Sensex trades higher, smallcap and midcap stocks under pressure

Mumbai (IANS) The Indian equity indices opened higher on Wednesday as smallcap and midcap stocks saw some pressure in the morning trade. 

At 9:47 a.m., Sensex was up 154 points or 0.20 per cent at 79,110 and Nifty was up 23 points or 0.10 per…

WPI inflation eases to 3-month low of 2.04 pc in July

New Delhi (IANS) India's wholesale price inflation slowed to a 3-month low of 2.04 per cent in July compared to the same month last year, mainly due to a decline in vegetable prices, according to figures released by the Commerce Ministry on Wednesday. 

SpiceJet posts 20 per cent decline in Q1 net profit at Rs 158 crore

New Delhi (IANS) Low-cost carrier SpiceJet Ltd on Wednesday reported a 20 per cent decline in its consolidated net profit at Rs 158 crore in the April-June quarter of the current financial year from Rs 198 crore in the same period of the previous…

Indian ports see bunker, ship-to-ship calls up 64 pc in Jan-July period

New Delhi (IANS) Bunkering activity in India experienced significant growth during the first seven months this year, with the total number of bunkering and ship-to-ship (STS) calls to domestic ports increasing by 64 per cent (year-on-year), a report…

India’s defence exports shoot up by 78 pc in April-June

New Delhi (IANS) India’s exports of military hardware have recorded a 78 per cent jump to Rs 6,915 crore in the April-June quarter of the current financial year (2024-25) from Rs 3,885 crore in the same quarter of 2023-24 reflecting the continuing…