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The Economic Times
The Economic Times Swiggy expands 10-minute food delivery service Bolt to over 400 cities
The massive expansion of the rapid food delivery service by Swiggy comes at a time when startups are increasing their presence in this area. Zepto last month said it was scaling up its Cafe business, through which it delivers a limited set of food items from its quick commerce dark stores.
The Economic Times Indian real estate attracts Rs 75,500 cr investment from AIFs; highest among all sectors: Anarock
Investment in Indian real estate by Alternative Investment Funds (AIFs) has reached nearly Rs 75,500 crore, accounting for 17% of total AIF inflows across sectors. Real estate remains the preferred sector for AIF investments, driven primarily by Category II AIFs, followed by IT/ITeS and financial services.
The Economic Times Indian cenbank's ballooning NDF position suggests more rupee losses, bankers say
The Reserve Bank of India has significantly increased its position in the non-deliverable forward market to support the rupee, which is under severe pressure. The rupee hit an all-time low of 84.6825 per U.S. dollar, prompting interventions from the RBI. Experts believe the rupee will likely decline further amid ongoing market pressures.
The Economic Times NFRA says its SA 600 revisions get backing from CII, ASSOCHAM, corporates including Tata Chemicals, M&M
Earlier, the NFRA had invited public comments on SA 600 until October 30th, amid a tussle with the ICAI over auditing standards. As stated by the NFRA, the feedback received during the public consultation has been largely positive. The final decision on the matter will be taken by the Ministry of Corporate Affairs.
The Economic Times Petrol, diesel, jet fuel sales surge in Nov as economy picks up
India's petrol, diesel and jet fuel sales shot up in November this year compared to the same month last year, reflecting the higher level of economic activity in the country, data compiled by the public sector oil companies showed.
The Economic Times RevFin aims to finance 20 lakh vehicles, INR 20k cr loan disbursements in 5 yrs: CEO
Sharing how the company has grown, especially in the last couple of years, he said, "We have now financed about 75,000 vehicles, and out of that, about 25,000 vehicles have only been financed this year. Last year, we did 30,000 vehicles in total".
The Economic Times Trump's 100 per cent tariff threat on BRICS: Need to see if US laws permit sanctions: Ex-RBI Guv
Donald Trump warned that BRICS countries will face 100 percent tariffs if they shift from the US dollar. However, former RBI Governor Duvvuri Subbarao indicated that it is unclear whether Trump will follow through. Subbarao also mentioned that BRICS nations face internal challenges, making the move to a common currency unlikely due to political and economic factors.
The Economic Times Beta Drugs Limited raises INR 117 cr from HealthQuad, Inti Capital and others to accelerate growth plans
Beta Drugs Limited raises INR 117 crore from HealthQuad, Inti Capital, and others through a preferential allotment of convertible debentures and equity shares. This investment will aid Beta Drugs in accelerating its growth plans and expanding its footprint globally, with a goal to be among India's top five oncology companies.
The Economic Times India’s manufacturing PMI declines to 56.5 in November
India's manufacturing sector growth slowed in November as the Manufacturing Purchasing Managers' Index (PMI) dropped to 56.5 from October’s 57.5. Rising input costs pushed output prices to an 11-year high.
The Economic Times JSW set to launch its own EV brand to 'Make in India'
Months after forming a $1.5 billion joint venture with China's SAIC Motor for electric vehicles, JSW Group plans to launch its own EV brand. JSW Chairperson Sajjan Jindal emphasized producing and selling in India. A new EV plant in Aurangabad will create 5,200 jobs. This move positions JSW against major competitors like Tata Motors and Mahindra.
The Economic Times Saint-Gobain mirrors global mood, says India business will grow 3-fold in 10 years
Saint-Gobain, a France-headquartered sustainable construction major, targets three-fold growth in India, aiming for a turnover increase from ₹14,200 crore to nearly ₹50,000 crore by 2035. The company plans to leverage local manufacturing, diverse leadership, and extensive operations in glass, gypsum, abrasives, and construction chemicals to drive growth, a senior company executive told The Economic Times.
The Economic Times Ambuja Cements partners with Coolbrook for cement manufacturing with zero-carbon heating technology
This cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision.
The Economic Times Big hotel brands see room for growth in manufacturing hubs
Mid- and upscale hotels are being developed in India's manufacturing hubs to meet the needs of business travellers. Brands such as Marriott, Hyatt, and Ginger are setting up properties in industrial areas. This trend reflects the growing demand for quality accommodation near manufacturing sites as India's industrial sectors continue to expand.
The Economic Times UPI Digital Payments: Over 16.5 billion transactions worth ₹23.49 lakh crore processed in Oct '24
As UPI continues to expand globally, it is setting new standards for digital payments, empowering citizens, enhancing economic opportunities, and contributing to India's increasing influence in the global financial arena.
The Economic Times India factory growth softened in November on high inflationary pressures, PMI shows
India's factory growth slows in November while maintaining strong momentum, amid eased demand due to rising price pressures. PMI falls to 56.5 from 57.5 in October, still above the 50-mark. International demand rises, boosting business outlook, while there's a rise in Inflationary pressures, impacting input and output prices.
