Business news

India's Insurtech Industry Achieves 12X Revenue Growth Over Five Years

India's insurtech sector has delivered 12 times revenue growth over the last 5 years, with cumulative funding surpassing $2.5 billion and ecosystem valuation over $13.6 billion, a report showed on Wednesday.

Nov 20, 2024

India sees 40 pc rise in PE/VC investment at $4.7 billion in Oct

India Reports 40% Surge in PE and VC Investments, Reaching $4.7 Billion in October

India saw private equity/venture capitalist investments worth $4.7 billion across 91 deals in October, a 40 per cent increase from September, a report showed on Wednesday.

Nov 20, 2024

On World Fisheries Day, new schemes to be launched to push growth

World Fisheries Day: New schemes lined up to be launched tomorrow

The Centre's Department of Fisheries will celebrate World Fisheries Day (WFD) on Thursday, recognising the role and contribution of fisherfolk, and fish farmers in the overall growth of the sector, and demonstrating solidarity with all stakeholders throughout the world

Nov 20, 2024

Sensex, Nifty trade flat amid mixed global cues

Indian Market Closed Today Due to Polling in Maharashtra

The Indian stock market closed today due to Maharashtra assembly elections

Nov 20, 2024

Credit, deposit growth now in line with each other in India: Report

After deposit growth outpaced credit offtake for the first time in the last 30 months some days back, the credit and deposits are now growing in line with each other, according to a report on Tuesday.

Nov 19, 2024

Third Wave Coffee's net losses grow over 2 times to Rs 110 crore in FY24

Specialty coffee chain Third Wave Coffee saw its net losses grow more than two times (year-on-year) to Rs 110 crore last fiscal (FY24).

Nov 19, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Airport Holdings likely to list in next 2-3 years: Report

The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.

Nov 19, 2024

Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension

The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light.

Nov 19, 2024

Direct tax collections poised to surpass budget target for 2024-25

The Income Tax Department expects to surpass the direct tax collection target of Rs 22.07 lakh crore fixed in the Union Budget for the current financial year, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal.

Nov 19, 2024

The Rock, the largest white diamond ever to appear at auction.

Centre to soon release framework for consumer protection in diamond industry

The government on Tuesday said it will soon release a robust framework to ensure transparency, accountability and consumer protection across the diamond industry.

Nov 19, 2024

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Investors lose Rs 38,000 crore as Ola Electric's stock dovetails unabated

As the shares of Bhavish Aggarwal-led Ola Electric continue to slide, a massive Rs 38,000 crore worth of investors' money has been eroded in the company's stock in just a couple of months.

Nov 19, 2024

Satya S Tripathi joins cleantech firm Attero's Board of Directors

Satya S Tripathi joins E-waste recycler Attero's Board of Directors

E-waste recycler and world's best lithium-ion battery recycling company Attero on Tuesday said that Satya S Tripathi has joined as an Independent Member of its Board of Directors.

Nov 19, 2024

Swiggy losing lead in market: MOFSL Report; Assigns 'Neutral' rating

Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.

Nov 19, 2024

Sensex climbs 240 points, Nifty up 72 points in early trade

Sensex surges 852 points in morning trade, media and realty stocks shine

At around 10:40 am, Sensex was trading 852 points above or 1.10 per cent up at 78,191.73 points while Nifty was 241 points or 1.03 percent up at 23,695.70 points or 1.03 per cent above yesterday's closure.

Nov 19, 2024