New Delhi: Homegrown ride-sharing platform Rapido on Thursday said it has raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by WestBridge Capital, and also saw participation from existing investor Nexus,...
Mumbai: The rupee breached the crucial 84-mark second time within a month and settled 3 paise lower at 84.01 on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets. However, a weak dollar against major...
New Delhi: India’s financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024. JM Financial said in a report: “At present time,...
New Delhi: Zomato’s rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24). The online food delivery platform, however, reduced the net loss by 44 per cent, from Rs 4,179 crore in FY23. The company saw...
Mumbai: Indian equity indices opened lower on Wednesday following weak global cues from US and Asian markets. At 9:43 a.m., Sensex was down 553 points or 0.67 per cent at 81,998 and Nifty was down 180 points or 0.70 per cent at 25,099. Banking and IT stocks lead the...
Mumbai: Indian equity indices were trading flat on Tuesday following mixed sentiments in the markets. At 9:51 a.m., Sensex was down 76 points or 0.09 per cent at 82,483 and Nifty was down 17 points or 0.07 per cent at 25,261. The broader market trend remains positive....
New Delhi: With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday. The smartphone shipments of Rs 1 lakh and above increased by 20 per cent (year-on-year)...
New Delhi: The country’s manufacturing activity eased to three-month low at 57.5 in the month of August, which is below July’s reading of 58.1 but above the long-run average of 54, the HSBC India survey showed on Monday. The ‘India Manufacturing Purchasing Managers’...
New Delhi: Oil marketing companies have increased the rate of 19 kg commercial LPG gas cylinders by Rs 39, effective from Sunday. After the hike, the retail sales price of a 19 kg commercial LPG cylinder in Delhi is Rs 1,691.50. Earlier on July 1, in a move to offer...
Mumbai: Indian equity frontline indices opened at an all-time high on Monday following a rally in the US market. At the starting of the session, both Sensex and Nifty made a new all-time high at 82,725 and 25,333 respectively. At 9:43 a.m., Sensex was 246 points or...