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Friday, May 13, 2022

‘Want to add 12-20 cities in 9-12 months from current 11’: Zepto co-founder

May 3, 2022 3:06:02 pm

In an interview with Pranav Mukul, Zepto’s co-founder and CEO Aadit Palicha said the company would use these funds to expand into 12-20 cities and hire 1,000 people over the next one year.

ED questions Xiaomi global VP Jain in FEMA case

April 14, 2022 4:00:46 am

Sources said Jain was asked to appear before the investigating officer in Bengaluru, and was being questioned.

Average pay hike likely to be at 8-12% in 2022: Report

April 7, 2022 1:51:16 pm

The common salary enhancement in 2022 is going to be 9 per cent against 7 per cent in the pre-pandemic year of 2019, according to the Michael Page Salary Report 2022.

Husband and wife entrepreneurs mint own unicorns within a year

March 24, 2022 10:30:01 am

The two startups run separately with different offices and teams, but they target the same industries such as manufacturing and infrastructure sub-contracting.

Solar open access installation rises nearly two folds to 307 MW in Oct-Dec: Report

January 4, 2022 6:09:35 pm

According to the report, the country installed 935 MW of open access solar capacity during April-December 2021, registering a rise of 143 per cent compared to 385 MW installed during the same nine- month period of 2020.

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Loan recovery via Lok Adalats, IBC falls in FY21; banks report fewer frauds

December 29, 2021 7:28:22 am

According to the report, banks reported 4,071 frauds involving Rs 36,342 crore during the six-month period ended September 2021 as against 3,499 frauds involving Rs 64,261 crore in the same period of last year.

RBI Retail Direct Scheme: India is opening its $1.1 trillion bond market to retail buyers

November 10, 2021 3:07:22 pm

RBI Governor Shaktikanta Das had first flagged this initiative in a February policy review while calling it a “major structural reform”.

Maruti net dives 65.7% on chip crunch, high commodity prices

October 28, 2021 6:33:34 am

It will launch electric vehicles after 2025 as demand for such vehicles at the moment is less and it will like to sell about 10,000 units a month when it enters the space

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Climate change calls for backup power, and one company cashes in

September 16, 2021 10:04:30 am

Demand for backup generators has soared over the past year as housebound Americans focused on preparing their homes for the worst, just as a surge of extreme weather ensured many experienced it.

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To survive the pandemic, a secret Nintendo cafe is secret no longer

September 16, 2021 9:42:30 am

To Hashimoto, the Tokyo cafe was an extension of his living room, where he had once kept the memorabilia. He allowed in only his former industry colleagues and their friends, and he tried hard to keep its address a secret

India’s power consumption up 18.6% to 129.51 billion units in August

September 1, 2021 4:36:16 pm

The country's power consumption in August last year stood at 109.21 BU, lower than 111.52 BU in the same month in 2019, as per the data.

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Record rally pulls in new buyers: Retail holding at all-time high

August 6, 2021 3:20:19 am

Retail holding of NSE-listed companies hit a record high of 7.18% in June quarter.

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Government includes retail, wholesale trade under MSMEs

July 2, 2021 4:55:55 pm

"Now under the revised guidelines, retail and wholesale trade will also benefit from priority sector lending under RBI guidelines," the MSME minister added.

Transitioning into a financially secure and healthy future – the new normal

June 18, 2021 3:27:10 pm

There are some time-tested ideas which when combined with the new lessons that we have drawn from this rare experience, can help you transition into a financially secure and healthy future in the new normal that has emerged.

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Government extends validity of motor vehicle documents till September 30

June 17, 2021 1:52:59 pm

The Ministry of Road Transport and Highways (MoRTH) said it has advised the enforcement authorities that the validity of fitness, permit (all types), licence, registration or any other concerned document(s) may be treated to be valid till September 30, 2021.

Auto retail sales drop 55% in May as COVID puts brake on vehicle registrations: FADA

June 10, 2021 2:50:00 pm

According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,294 out of the 1,497 regional transport offices (RTOs), passenger vehicle (PV) sales declined by 59 per cent in May as compared with 2,08,883 units in April this year.

Govt to notify PLI scheme for auto components, steel, textile: Official

June 3, 2021 4:04:45 pm

Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards.

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A culture of fear at the firm that manages Bill Gates’ fortune

May 27, 2021 1:18:33 pm

Gates’ reluctance to take decisive action at Cascade adds to an emerging portrait of the billionaire philanthropist that is at odds with his image as a roving global do-gooder and champion of women’s empowerment.

Electric two-wheelers to account for 8-10% of new sales by 2025; three-wheelers to chip in 30%: ICRA

May 26, 2021 4:16:45 pm

Globally, EVs now account for 4.4 per cent of new car sales during CY2020 and their share is likely to cross 5 per cent level this calendar year, as per ICRA.

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Auto Sector Wholesales: Passenger vehicle sales hit lockdown bumper in April

May 13, 2021 4:00:54 am

The industry witnessed sales of 2,61,633 units in April as against sales of 2,90,939 units in March 2021.

Pune ranks first, Delhi-NCR at bottom among top 8 cities on health infra parameters: Report

May 12, 2021 4:27:49 pm

The report ranks health infrastructure in India's most urbanised eight cities -- Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region(MMR) and Pune -- on the basis of's City Health Card.

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What the Gates divorce means for the Gates Foundation

May 5, 2021 2:21:01 pm

Bill and Melinda Gates may be splitting up, but the Bill and Melinda Gates Foundation isn’t going anywhere.

Oilmeal exports from India grow by 51 per cent

April 20, 2021 11:02:17 pm

Oil meal or oilseed meal cake refers to the protein-rich substance left after oil is extracted from the seed.

Lower contributions weigh, EPF interest rate may be cut more

February 17, 2021 1:05:26 am

The EPFO’s Central Board of Trustees is likely to consider a lower interest rate than seven-year low of 8.5% paid out to its subscribers for the previous financial year.

PMLA case: Ex-ICICI Bank CEO Chanda Kochhar granted bail

February 12, 2021 2:08:36 pm

Following her appearance, her lawyer Vijay Agarwal filed her bail application. The court allowed the same on a bond of Rs 5 lakh.