Category: Business

Business

NRAI to approach CCI over ‘private labelling’ by Zomato, Swiggy

January 23, 2025 admin

Queries sent to Swiggy and Zomato remained unanswered. File | Photo Credit: Special arrangement The National Restaurant Association of India (NRAI), which represents half a million eateries nationwide, said it will approach Competition Commission of India (CCI) over “private labelling” by Zomato and Swiggy and their foray into quick commerce food delivery via Bistro by…

Business

NDA 3.0 must use political capital to implement structural reforms in upcoming Budget: D. Subbarao

January 23, 2025 admin

The NDA 3.0 government must use its enormous political capital to implement ‘politically difficult’ structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D. Subbarao said on Thursday (January 23, 2025). The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid…

Business

Walmart announces strategic pilots with India-based startups

January 23, 2025 admin

Walmart has announced strategic pilots with India-based startups. File | Photo Credit: Reuters America’s mega retail chain Walmart has announced strategic pilots with India-based startups to provide solutions for its U.S. supply chain and sourcing operations. “Tech innovation is what drives real-world solutions to move forward a globally resilient supply chain. By collaborating with global…

Business

Markets pare early losses to trade higher amid rally in Asian markets

January 23, 2025 admin

The 30-share BSE Sensex opened on a negative note to plunge 202.87 points, or 0.26%, to 76,202.12 in the morning trade. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty pared all the losses to trade higher early on Thursday (January 23, 2025) following buying in IT stocks and a rally in Asian…

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Rupee declines 5 paise to 86.40 against US dollar in early trade

January 23, 2025 admin

The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday (January 23, 2025) amid a strengthening greenback. While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it to remain volatile throughout the…

Business

H-1Bs fill critical skills gap: Nasscom

January 22, 2025 admin

Nasscom on Wednesday (January 22, 2025) said H-1B visas have nothing to do with immigration issues and instead fill the critical skills gap in the U.S., as the apex industry body asserted that technology will be the “lynchpin” of U.S. economic growth, triggering the continued need for “win-win partnerships” between companies on both sides. Nasscom…

Business

Centre hikes MSP on jute by ₹315 per quintal

January 22, 2025 admin

Farmers harvesting their jute crops in flood waters in Gagolmari village of Morigaon district of Assam. | Photo Credit: The Hindu The Cabinet Committee on Economic Affairs (CCEA) has fixed the Minimum Support Price (MSP) of raw jute for 2025-26 marketing season at ₹5,650 per quintal. The new price is an increase of ₹315 per…

Business

Where is the Indian Rupee headed?

January 22, 2025 admin

By some accounts, four Indian rupees could have got you one US dollar in 1947. Now, you need close to 87 rupees to buy one dollar. With Trump having become the US president for the second time, the dollar has strengthened over the past couple of months, automatically weakening other currencies such as the rupee….

Business

Rupee rises 25 paise to close at 86.33 against U.S. dollar

January 22, 2025 admin

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad. | Photo Credit: REUTERS The rupee appreciated 25 paise to close at 86.33 (provisional) against the U.S. dollar on Wednesday (January 22, 2025), supported by positive domestic equities and soft U.S. dollar index. Forex traders said the rupee is likely…

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Disappointing Q2 GDP numbers aren’t a blip but clear slowdown in economy: Jairam Ramesh

January 22, 2025 admin

Congress leader Jairam Ramesh. File | Photo Credit: PTI The Congress on Wednesday (January 22, 2025) claimed that it is becoming clear that the “disappointing” Quarter 2 Gross Domestic Product (GDP) growth numbers are not a blip but a clear slowdown in the economy and the post-pandemic bump is not broad-based enough to power long-term…

Business