NRAI to approach CCI over ‘private labelling’ by Zomato, Swiggy
Queries sent to Swiggy and Zomato remained unanswered. File | Photo Credit: Special arrangement The National Restaurant Association of India (NRAI), which represents half a million eateries nationwide, said it will approach Competition Commission of India (CCI) over “private labelling” by Zomato and Swiggy and their foray into quick commerce
Business journey observability platform VuNet Systems raises ₹60 crore in Series B round
From left – Bharat Joshi, Jithesh Kaveetil and Ashwin Ramachandran | Photo Credit: Special Arrangement VuNet Systems, a provider of AI-based Business Journey Observability, said it has raised ₹60 crore in a Series B funding round to accelerate global expansion and strengthen product innovation. The round was led by Pravega
U.S. sanctions hit Russian oil supply to India; BPCL says supplies may be impacted
Russian oil made up for 34-35% of all oil that BPCL processed at the start of the current financial year in April 2024 | Photo Credit: Reuters The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned
Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks
A view of the BSE building in Mumbai | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets. In
Can implement new pilot duty, rest norms in a phased manner from July 1, DGCA tells Delhi High Court
One of the key elements of the DGCA proposal made public in January 2024 but hanging fire is the curtailment of night flying, which has been opposed by both IndiGo and Air India. | Photo Credit: The Hindu The DGCA informed Delhi High Court on Thursday (January 23, 2025) that
Putin growing concerned by Russia’s economy, as Trump mulls more sanctions
President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia’s economy, driven by exports of oil, gas and minerals, grew robustly over the past two
Rupee rises 18 paise to 86.26 against U.S. dollar in early trade
On January 23, 2025, Rupee declined nine paise to settle at 86.44 against the U.S. dollar. File | Photo Credit: The Hindu Rupee appreciated 18 paise to 86.26 against the U.S. dollar in morning trade on Friday (January 24, 2025), supported by positive domestic equities and soft American currency index.
Sale of profit-making FSNL to Japanese company anti-national: CITU
Tapan Sen, former MP and CITU general secretary. | Photo Credit: RAO GN Left-leaning Centre of Indian Trade Unions (CITU) has questioned the Union government’s decision to sell public sector firm Ferro Scrap Nigam Limited (FSNL) to a Japanese corporation. A subsidiary of MSTC Limited, the FSNL had recently made
Dr. Agarwal’s ₹3,062 crore IPO to hit market Jan. 29
Ahead of its ₹3,062 crore Initial Public Offering (IPO) launch, the management of Chennai headquartered Dr. Agarwal’s Health Care Limited said there has been a phenomenal growth in the eye-care market in India. The IPO includes a ₹300 crore primary raise, with the balance ₹2,762 crore from a secondary sale
ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore
The gross NPA additions were ₹6,085 crore out of which ₹5,300 crore were from retail and rural and the rest was from corporates, Sandeep Batra, executive director, ICICI Bank said. | Photo Credit: Special Arrangement ICICI Bank, the second largest private sector bank, reported a 14.8% year-on-year growth in net