BUSINESS
Zomato's Deepinder Goyal 'made an inaccurate statement' about us, Says Zepto CEO Aadit Palicha
In the report, Goyal had estimated that the aggregate cash burn in the quick commerce industry was at about ₹5,000 crore every quarter. "Much more than half of this is by Zepto… Compared to that, our burn rate is significantly lower. In the last quarter, Blinkit burned about ₹35 crore every month on average," Goyal was quoted to have said.
Reliance Shares Fall as Delhi HC Overturns Arbitral Award Ruling
The controversy goes back to a 2018 international arbitration award, in which the KG-D6 Consortium, including RIL, BP Exploration (Alpha) Limited, and NIKO (NECO) Limited, was awarded around $1.55 billion against the Government of India (GOI) claims for gas migration from ONGC's blocks. The arbitral award was upheld by a single judge of the Delhi High Court in May 2023, but the GOI challenged the ruling.
HC Halts FIR Order Against Former SEBI Chief Buch and Five Others
Justice Shivkumar Dige noted that the order was made mechanically and no specific roles were assigned to the accused.
Credit Card Spending in India Rises 14% to ₹1.84 Lakh Crore in January
The research also highlights the effect of disorganisation in the workplace, with 56% of the respondents confessing to having had to do extra work because of disorganised colleagues. Moreover, 33% have had to redo work, highlighting how inefficiencies not only waste time but also impact team morale.
Watch| Anand Mahindra Shares Insights on Indian Street Design, Emphasizes Citizen Well-Being
He appealed to municipalities to implement a holistic approach to street design in urban areas, with an emphasis on aesthetics and size of pavements.
PLI Boost: FDI Equity Inflow in Manufacturing Soars 69% to $165 Billion
The remarkable development has been heavily boosted by the government's Production-Linked Incentive (PLI) scheme, officials have declared on Monday.
China Imposes Retaliatory Tariffs on US Imports
As per a Reuters report, US exports like soybeans, sorghum, pork, beef, aquatic products, fruits, vegetables, and dairy products will be hit by a 10% tariff in China. Moreover, the Chinese finance ministry has also confirmed that wheat, corn, cotton, and chicken will be hit by a higher 15% tariff.
FDI Declines 5.6% to $10.9 Billion in Oct-Dec 2024
In the corresponding quarter of 2023-24, FDI inflows had stood at USD 11.55 billion.
Indian Startups Secure $1.65 Billion in February, Median Valuation at $83.2 Million
This makes the cumulative funding raised during FY25 (April-February) stand at USD 25.4 billion spread across 2,200 funding rounds, based on the data.
India Poised for Stable 6.5% GDP Growth in 2025-26, Says Crisil
As per a Crisil report published on Monday, private consumption is expected to pick up, while growth in investment will rely on private capital spending.
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