Bitcoin soared past the $100,000 milestone on Thursday, fueled by expectations that US President-elect Donald Trump’s administration will usher in a crypto-friendly regulatory era. This landmark comes just weeks after Trump’s sweeping election victory, which also saw several pro-crypto lawmakers secure seats in Congress. Bitcoin, which has more than doubled in value this year, has...
Foodtech and quick commerce giant Swiggy has managed a 30.3% quarter-on-quarter growth in its operating revenue which spiked to Rs 3,601 crore during Q2 FY25 as compared to Rs 2,763 crore Q2 FY24. This growth was largely driven by the expansion of its quick commerce businesses which grew 135% in the last quarter. Swiggy’s food...
The Group of Ministers (GoM) on GST rate rationalisation has proposed increasing the tax on products such as aerated beverages, cigarettes, and other tobacco-related items to 35%, up from the current rate of 28%, reported news agency PTI. This decision may be a part of a broader effort to adjust tax rates on certain goods...
Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO. The food delivery and quick-commerce giant issued approximately 336.5 million shares priced at ₹252.62 each ($3) in a qualified institutional placement, according to a stock exchange filing on Friday. The fundraise saw strong participation...
The India Meteorological Department (IMD) said that the deep depression over southwest Bay of Bengal is likely to intensify into a cyclonic storm on Wednesday. Once intensified, the storm, identified as cyclone Fengal, will bring heavy to very heavy rainfall at isolated places in Chennai, Tiruvallur, Kancheepuram, Chengalpattu, Villupuram, Ariyalur, Thanjavur, Tiruvarur, Nagapattinam and Pudukkottai...
Mahindra has officially launched the XEV 9e and BE 6e, two highly anticipated electric vehicles under its new XUV and BE sub-brands. Both models aim to shake up the EV market with innovative features, bold designs, and competitive powertrains that rival premium offerings like the Mercedes-Benz EQA and BMW iX1. The Mahindra’s BE 6e electric...
The National Students’ Union of India (NSUI), the Congress-backed student body, made a remarkable comeback in the Delhi University Students’ Union (DUSU) elections, securing the President and Joint Secretary positions after a gap of seven years. In a closely contested race, NSUI’s Rounak Khatri emerged victorious in the presidential race, defeating the RSS-backed Akhil Bharatiya...
India on Sunday fiercely rejected the paltry $300 bn climate finance package for the Global South and said the COP29 presidency and the UN climate change office forced through the deal before allowing it to voice its objections. Making a strong statement on behalf of India at the closing plenary of the UN climate conference...
Stocks of Adani Group companies fell up to 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme. Prosecutors announced the charges on Wednesday, alleging that the group bribed Indian officials to secure solar energy contracts.
The initial public offering (IPO) of NTPC’s renewable energy arm, NTPC Green Energy, opens for public subscription today, November 19, 2024. Ahead of the IPO launch, the company announced that it has raised Rs 3,960 crore from anchor investors through bidding concluded on November 18, 2024. The Rs 10,000 crore offering of NTPC Green Energy is a...