The rupee fell to a fresh record low on Friday, slipping past the 96 mark against the US dollar as rising crude oil prices and the ongoing West Asia conflict…
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FSSAI sends notice to Blinkit over quality concerns of eggs
The Food Safety and Standards Authority of India (FSSAI) has sent a notice to quick commerce platform Blinkit over allegedly selling substandard eggs. The notice was sent after the food…
Ola Electric board clears ₹2,000-crore investment in EV, cell tech units
Ola Electric will invest $208.5 million in its core vehicle and cell units as the EV bike and scooter maker aims to step up cost cuts and localise manufacturing to…
Reliance-Disney’s JioStar initiates legal action against Zee over film rights
India’s JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has initiated legal measures against rival Zee Entertainment for alleged unauthorised broadcast of Bollywood films it has…
Tencent inks pacts for gaming, AVGC skilling; welcomes regulatory clarity
Chinese tech major Tencent on Friday announced strategic partnerships with Service Export Promotion Council (SEPC) and Game Developers Association of India (GDAI), making an initial commitment of over ₹100 million…
Rupee slides to record low past 96/USD as oil prices climb
The Indian rupee fell to an all-time low on Friday, as oil prices neared $110 per barrel, deepening challenges for India’s external sector, which have started to reflect in economic…
UAE to double oil export capacity bypassing Strait of Hormuz by next year
The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint.…
Heatwave turns sweet spot for ice cream makers; sales jump 40%, stock-outs hit market: IICMA chief
After two summers got washed out by unseasonal rains, India’s industry is finally having its moment in the sun — quite literally. Record-breaking temperatures across the country have triggered a…
Chalet Hotels eyes Jaipur, Jodhpur and Hyderabad as future growth clusters
K Raheja Corp-backed hotel ownership company Chalet Hotels Limited is expanding its focus to deeper leisure markets such as Jaipur, Jodhpur and Pune, while evaluating opportunities in Hyderabad’s financial district…
India’s April trade deficit widens to $28.38 billion
India’s merchandise trade deficit widened in April. The gap between merchandise imports and exports was $28.38 billion last month, according to provisional estimates released by the ministry of commerce and…