MUMBAI: Building for startups as employees can come with their own competitive advantage—young ventures being set up by such tech professionals are finding favour with venture capital (VC) investors who are infusing funds into their companies even though the broader flow of investments continues to be selective.VCs are betting on experience here. The number of…
MUMBAI: An arm of NSE, the largest stock exchange in India by turnover, has launched an index constituting stocks of companies from among Nifty 500 companies that do not intentionally harm animals while carrying out their regular business. Named Nifty 500 Ahimsa Index, the gauge is aligned with principles of non-violence, the exchange said through…
NEW DELHI: Accelerated monetisation of highway assets has enabled the NHAI to prepay loans of over Rs 1.2 lakh crore and repay another Rs 31,300 crore since March 2022, reducing its overall debt to just under Rs 2 lakh crore, according to govt data.NHAI’s debt had touched an all-time high of Rs 3.5 lakh crore…
Stock market today: Dalal Street tumbles in opening trade; Sensex falls over 500 points, Nifty50 below 24,250 Stock market began the session in red, with both benchmarks plunging 0.5% in opening trade. NSE Nifty 50 was trading at 24,211.15, down 120.45 points (0.49%), while BSE Sensex slipped 470.48 points (0.60%) to 77,680.97. The fall comes…
AI-linked stocks have faced sustained selling pressure in recent weeks amid concerns that valuations had risen too rapidly. US stock market today: Wall Street rebounded on Monday as shares of chipmakers and other companies that have benefited from the artificial intelligence boom recovered after recent sharp declines.The S&P 500 advanced 0.6%, following its first weekly…
Civil Aviation Minister Naidu The Directorate General of Civil Aviation (DGCA) is developing a digital platform on the eGCA portal for reporting aviation incidents, a move aimed at making the submission and processing of mandatory occurrence reports faster and more efficient.The initiative, intended to strengthen the country’s aviation safety oversight, was announced by civil aviation…
Saudi Arabia has rerouted its crude exports through the Red Sea port of Yanbu after Hormuz disruptions. (Satellite image of Bab-el-Mandeb Strait – source Reuters) After the Strait of Hormuz disruptions, a fresh threat to the world’s oil supply has emerged with the Iran-backed Houthi movement in Yemen announcing a maritime blockade against Saudi Arabia….
Reserve Bank of India’s special swap facility to attract foreign currency brought in $20.72 billion till July 17, with most of the money coming through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits.The RBI said on Monday that the concessional swap scheme has seen steady foreign exchange inflows since it was launched on June 8, 2026….
Coca-Cola’s plans to take its bottling business to Dalal Street have moved a step closer. Hindustan Coca-Cola Holdings has appointed JPMorgan and Citi to steer the proposed 2027 IPO, Reuters reported, citing two sources familiar with the development. The company is also exploring the sale of part of its stake.The appointments were finalised after investment…
Russia has strengthened its position as India’s largest crude oil supplier. (File PTI photo of Russian oil tanker) India’s crude oil imports from Russia continue to be near record highs in July, despite the Donald Trump administration not extending a sanctions waiver. Amid the ongoing US-Iran conflict, Russia has emerged as the key crude oil…
