Business news

Swiggy-backed Rapido sees net loss at Rs 371 crore in FY24

Homegrown ride-sharing platform Rapido registered a net loss of Rs 371 crore last fiscal (FY24) from Rs 675 crore in FY23.

Nov 13, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Indian stock market opens in red as consolidation phase continues

Sensex was trading at 78,260 after slipping 414 points and Nifty was trading at 23,706 after dropping 167 points.

Nov 13, 2024

India's industrial production rises 3.1 pc in September

India's Index of Industrial Production (IIP) bounced back with an expansion of 3.1 per cent in September as against a contraction of 0.1 per cent in August, according to data released by the Ministry of Statistics on Tuesday.

Nov 12, 2024

Nykaa's net profit drops almost 5 pc to Rs 12.97 crore in July-Sep

Despite the onset of festive season, online beauty and fashion ecommerce major Nykaa saw its consolidated net profit declining almost 5 per cent to Rs 12.97 crore in the July-September period (quarter-on-quarter), according to its financials on Tuesday.

Nov 12, 2024

India's retail inflation rises to 6.21 pc in Oct as vegetables play spoilsport

India's retail price inflation, based on the Consumer Price Index (CPI), rose to 6.21 per cent in October as higher prices of food items such as vegetables spiked during the month, figures released by the Ministry of Statistics on Tuesday showed.

Nov 12, 2024

vistara airasia india aviation policy india domestic air traffic air fare promotion offer tickets discount sale price business slowdown

Vistara merger with Air India takes off; Group to now operate 300 aircraft

The Air India Group on Tuesday completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey.

Nov 12, 2024

Bears on prowl! Sensex tanks 820 points, Nifty below 24,000

The Indian stock market closed in red on Tuesday as heavy selling was seen in all sectors except IT and realty.

Nov 12, 2024

India breaks into world's top 6 ranks as patent filings double in last 5 years

India's patents and industrial design filings for Intellectual Property rights doubled between 2018 and 2023, taking the country to the sixth rank, according to the latest World Intellectual Property Organisation's (WIPO) annual report.

Nov 12, 2024

Smart snacking grows 1.2 times faster than traditional snacks in India

As urban consumers increasingly seek health-oriented products, smart snacking in India has grown 1.2 times faster than traditional snacks, according to a report on Tuesday.

Nov 12, 2024

Bitcoin projected to touch $100,000 by January end after Trump takes office

Bitcoin may touch $100,000 by January end after Donald Trump takes office, according to Nigel Green of deVere Group

Nov 12, 2024

Sensex snaps five-day losing streak, Nifty closes above 24,300

Sensex, Nifty open flat, Bharti Airtel and ICICI Bank among top gainers

Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent, while Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent.

Nov 12, 2024

Rural consumption of FMCG goods surged 60 pc over last 2 years: Report

There has been a 60 per cent rise in the average FMCG basket size among India's rural consumers in the last two years, driven by a growing preference for convenience products, according to the latest Group M and Kantar report released on Monday.

Nov 11, 2024

SIP inflow hits Rs 25,000 crore for 1st time, equity fund inflows at record Rs 41,887 crore

The monthly systematic investment plan (SIP) inflow made a new all-time high in India at Rs 25,323 crore in October, from Rs 24,509 crore in September, according to the latest data from the Association of Mutual Funds in India (AMFI) on Monday.

Nov 11, 2024

Adelia Castelino, Co-founder and Managing Director of ISG

RBI Approves In-Solutions Global for Prepaid Payment Instruments

In-Solutions Global Ltd (ISG) has been granted authorisation by the Reserve Bank of India (RBI) to establish a payment system for the issuance and operation of Prepaid Payment Instruments (PPI).

Nov 11, 2024