Mumbai : Zepto’s $1 billion IPO is a step closer to hitting Dalal Street with markets regulator Sebi giving it a go ahead for the issuance, details published on its website showed. The company which rivals Eternal’s Blinkit and Swiggy Instamart in India’s $10-11 billion quick commerce market is targeting a listing sometime by July,…
For thousands of sailors stranded on nearly 1,600 ships in the Strait of Hormuz, “Project Freedom” turned out to be more of a pit stop than passage. US President Donald Trump’s much-talked-about plan to help commercial vessels cross one of the world’s most dangerous waterways lasted just 48 hours, with only two ships making it…
NEW DELHI: In a morale booster for employees, lossmaking Air India on Friday said it does not anticipate any layoffs even as the airline has been battling a series of black swan events for a year now. However, annual increments “will be deferred by at least one quarter in light of the uncertain economic environment”….
NEW DELHI: Blind users struggle with navigating unfamiliar indoor spaces, reading signs or understanding visual cues. And, most people take this for granted. This problem is what pushed 20-year-old Nimar Sharma, a student at Chitkara University on the outskirts of Chandigarh, to build Blind Bridge, an accessibility-focused app that aims to make everyday navigation easier…
MUMBAI: Banks have asked govt to review the definition of affordable housing by revising property value and size thresholds to reflect inflation and changing requirements, as rising ticket sizes and interest costs render existing limits less relevant.“We are the market leaders in housing finance and our home loan portfolio has grown by 13.7%. Our average…
The cost of crude has been averaging $105.4 a barrel so far in May. Brent crude hovered at nearly $100 a barrel on Friday, while the Indian oil basket was priced at $99.69 a barrel. The rupee cost has shot up further due to the currency weakening against the dollar. “Oil companies are purchasing costlier…
NEW DELHI: The West Asia conflict is pushing govt to look at a faster transition towards renewable energy, including the possibility of increasing ethanol blending in petrol from 20-25%, although in a calibrated manner. This will come along with increased refining capacity within the country, so that there is a buffer in the system and…
Domestic equity markets ended the week under pressure on Friday as renewed military actions near the Strait of Hormuz weighed on investor sentiment, dragging both benchmark indices lower.The BSE Sensex settled at 77,328.19, down 516.33 points or 0.66 per cent, while the Nifty 50 closed at 24,176.15, falling 150.50 points or 0.62 per cent. Nifty50…
India’s labour market is changing, but the transition is not uniform. Over the years, employment has moved away from the agriculture sector towards non-farm activities and larger enterprises. Yet, agriculture continues to account for a major share of jobs, highlighting how it is still India’s job market backbone.The latest PLFS 2025 unit-level data by SBI…
Air India has told employees that it does not anticipate layoffs despite mounting financial pressures linked to the Middle East conflict, while also directing teams to sharply reduce costs and suspend discretionary spending.During a townhall meeting on Friday, Air India chief human resources officer Ravindra Kumar GP assured staff that job cuts were not expected…
Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market.Retail gold rates across major Indian cities also recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices.On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose…
File photo: Abhimanyu Munjal, MD & CEO, Hero FinCorp MUMBAI: IPO-bound Hero FinCorp, one of the leading NBFCs in India, is betting on ‘AI strategies’ for growth in the coming years. In addition to the usage of artificial intelligence (AI) in its operations, its two other focus areas are Aspiring India, and Asset inclusion as…
