Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Adani Green Energy fully redeems $750 million Holdco Notes
Ahmedabad: Adani Green Energy Ltd (AGEL) on Monday said it has completed the redemption of all outstanding 750 million dollars Holdco Notes (4.375 per cent) through a fully-funded redemption reserve account. The…
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Market outlook: Rate cut, inflation data key factors for next week
New Delhi: India’s equity market witnessed a sharp fall last week by breaking a three-week streak of consecutive weekly gains. Nifty was down by 1.52 per cent and Sensex by 1.43 per…
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SC agrees to list plea related to insolvency proceedings against ed-tech firm Byju’s
New Delhi: The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed…
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SC to hear today CBI’s plea against bail to Chanda Kochhar
New Delhi: The Supreme Court will hear on Friday a plea filed by the Central Bureau of Investigation (CBI) against a decision of the Bombay High Court releasing former ICICI Bank chief…
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IPO-bound Swiggy clocks Rs 2,350 crore net loss in FY24
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…
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Rapido raises USD 200 mn to expand operations, scale tech platform
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…
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India’s fintech startups grow fivefold in last three years
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…
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Rupee falls 3 paise to settle at 84.01 against US dollar
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…
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ONDC onboards over 6 lakh sellers, enables 1.2 crore orders per month
Mumbai: The government-run Open Network for Digital Commerce (ONDC) is now enabling more than 1.2 crore orders per month, with over six lakh sellers live on the network, it was announced on…
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43 pc of WazirX customers to lose their money, demand grows for scrutiny
New Delhi: After a massive Rs 2,000 crore data breach, more bad news awaits WazirX customers — including at least 4.2 million Indian users — as nearly 43 per cent of them…
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Sensex trades lower tracking weak global cues
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…
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Sale of smartphones worth Rs 1 lakh and above surge in India
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…
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Sensex trades flat, FMCG stocks gain
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…
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Not paid any salary or ESOPs to Madhabi Buch post-retirement: ICICI Bank
New Delhi: ICICI Bank on Monday vehemently refuted the allegations levelled by the Congress about the private lender paying remuneration in the form of salary or employee stock option plans (ESOPs) to…
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Hyderabad airport opens new terminal for private aircrafts
Hyderabad: The Rajiv Gandhi International Airport in Shamshabad, Hyderabad has launched a new ‘General Aviation’ terminal, exclusively meant for private aircrafts and chartered flights, on Monday, September 2. The GMR group-run airport…
