Business news

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Swiggy's Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company's high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability.

Nov 5, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex gains 694 points ahead of US election

The Indian stock market closed in green on Tuesday as investors set their eyes on the closely contested US presidential election.

Nov 5, 2024

Concentrated revenue, dependence on govt-owned infra key risk for ACME Solar: Brokerage

ACME Solar IPO: Concentrated revenue, dependence on govt-owned infra among key risks

Concentrated revenue risk, dependence on government-owned transmission grids and infrastructure, and growth relying on winning highly competitive project bids are key risks for ACME Solar Holdings IPO.

Nov 5, 2024

Xiaomi India President Muralikrishnan moves on, COO Mathur to guide key functions

Xiaomi India president Muralikrishnan steps Down; will continue as independent Strategic Advisor

Xiaomi India's President, Muralikrishnan B, is stepping down at the end of the year to pursue academic research. Muralikrishnan's tenure saw Xiaomi India achieve exceptional success, becoming a key player in the tech landscape.

Nov 5, 2024

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

The upcoming wedding season in India which will extend from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore from 48 lakh weddings which constitutes a 41 per cent increase over the corresponding figure of Rs 4.25 lakh crore recorded for 35 lakh weddings last year, according to a study carried out by the Confederation of All India Traders (CAIT).

Nov 5, 2024

India's home textiles industry to see 6-8 pc growth this fiscal

India's home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday.

Nov 5, 2024

fake notes, rs 2000 notes, fake indian currency

Over 98% Rs 2000 banknotes returned; Rs 6,970 crore worth notes still in circulation: RBI

The withdrawal of Rs 2000 banknotes was announced on May 19, 2023, but they remain legal tender. The Reserve Bank of India (RBI) reports over 98% return of Rs 2000 banknotes in circulation.

Nov 4, 2024

Sensex sheds over 900 points, all eyes on US election and Fed data

Sensex shed more than 900 points on Monday, as both Sensex and Nifty saw a decline of more than 1 per cent each, amid uncertainty over the results of the US presidential election and the Federal Reserve's monetary policy meeting this week.

Nov 4, 2024

India's fintech startups grow fivefold in last three years

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23.

Nov 4, 2024

India's goods exports to top countries record double-digit surge

India's diversified export basket driving overall growth

India's export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country's exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.

Nov 4, 2024

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Business news

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Sensex gains 694 points ahead of US election

ACME Solar IPO: Concentrated revenue, dependence on govt-owned infra among key risks

Xiaomi India president Muralikrishnan steps Down; will continue as independent Strategic Advisor

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

India's home textiles industry to see 6-8 pc growth this fiscal

Over 98% Rs 2000 banknotes returned; Rs 6,970 crore worth notes still in circulation: RBI

Sensex sheds over 900 points, all eyes on US election and Fed data

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

India's diversified export basket driving overall growth

Sensex crashes 1300 pts, Nifty at four-month low

Sensex Plummets 1300 Points, Nifty Hits Four-Month Low

India's consumer spending on goods to grow 7 pc in next 5 years

Elon Musk lays off more employees from X: Report

Facebook India's net profit up 43 pc to Rs 505 crore in FY24

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]