Mergers & acquisitions in Indian FMCG sector reach $938 million in 1st half of 2024
New Delhi, July 5 (IANS) The Indian fast-moving consumer goods (FMCG) sector has gained momentum as in the first six months of this year, the Mergers and acquisitions (M&A) activity in the sector reached $938 million in terms of value. According to data from Venture Intelligence, this is the highest figure in the domestic FMCG […]
Senior lawyer hints at ‘Chinese link’ in Hindenburg’s attack on Adani Group
New Delhi, July 5 (IANS) In a sensational claim, senior lawyer Mahesh Jethmalani has alleged that a businessman with Chinese links had commissioned the report by short-seller Hindenburg Research which led to shares of Adani Group companies taking a hit. In a lengthy post on X social media platform, Jethmalani claimed that Mark Kingdon, the […]
India ranks 3rd in fintech funding globally in Jan-June period
Bengaluru, July 5 (IANS) India’s fintech ecosystem achieved a significant milestone in the first half of this year by ranking among the top three funded globally, alongside the US and the UK, a report showed on Friday. The domestic fintech sector received funding of $795 million in the first half (H1) of 2024, a decline […]
Home-cooked veg thali’s cost continues to rise as non-veg thali gets cheaper
New Delhi, July 5 (IANS) The cost of the home-cooked vegetarian thali has been on the rise since November 2023 and in June, the cost of a home-cooked veg thali rose 10 per cent (year-on-year) while the cost of the non-veg thali declined 4 per cent, a report showed on Friday. The cost of the […]
Total employment in MSMEs crosses 20.2 crore mark, up 66 pc
New Delhi, July 5 (IANS) The total employment reported by the country’s micro, small and medium enterprises (MSMEs) has crossed the 20.2 crore mark, as per data from MSME Ministry’s Udyam registration portal. The number of workers employed with registered MSMEs has shot up by 66 per cent from the corresponding figure of 12.1 crore […]
Railways to roll out another 10,000 non-AC coaches for common man
New Delhi, July 5 (IANS) The Ministry of Railways has drawn up plans to manufacture another 10,000 non-AC coaches in 2024-25 and 2025-26 to cater to the increasing demand and enhance passenger comfort for the common man on its network. A senior official unveiled the Ministry’s plan of ramping up production to roll out 4,485 […]
After Apple, Google set to manufacture Pixel phones in India
c New Delhi, July 5 (IANS) After Apple, Google is set to manufacture Pixel smartphones in India, with plans to export the devices to Europe and the US, media reports have said. According to reports, the tech giant will soon begin commercial production through partnerships with Foxconn and Dixon Technologies’ subsidiary Padget Electronics. The company […]
After Eiffel Tower, UPI goes live at another location before Paris Olympics
New Delhi, July 5 (IANS) After the successful implementation of the Unified Payments Interface (UPI) for online ticket booking at Eiffel Tower, NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Friday, enabled the acceptance of UPI at Galeries Lafayette’s flagship store in Haussmann, ahead of Paris […]
Securitisation volumes in India reach Rs 45,000 crore in Q1 FY25: Report
New Delhi, July 5 (IANS) The overall securitisation volumes stood at Rs 45,000 crore in the first quarter of the current fiscal (FY25), down 20 per cent from the same period last year, largely due to the exit of a large housing finance company (HFC) in 2023, a report showed on Friday. Excluding the HFC, […]
Airtel denies data breach of 375 mn users, says desperate attempt to spoil firm’s reputation
New Delhi, July 5 (IANS) Bharti Airtel has denied claims of a massive data breach, which alleged that the data of 375 million Indian users was up for sale on the dark web, saying that “this is nothing short of a desperate attempt to tarnish Airtel’s reputation by vested interests.” Unverified reports had suggested that […]
