CATEGORIES

Healthify closes $45 mn funding round for US foray

Healthify, a health and fitness app that uses artificial intelligence (AI), said on Friday it has closed a $45 million round that was led by existing investors Khosla Ventures and LeapFrog Investments and had new participation from Claypond Capital.

WazirX reports 40% assets dip in reserves after July breach

Embattled crypto firm WazirX released its first proof of reserves (PoR) report following a security breach in July resulting in the loss of about 40.4 per cent of its assets compared to its reserves in June.

Trai mandate unlikely to disrupt ecom space

New rules will require traceability of messages sent by principal entities

Acer logged best ever biz performance this yr: CBO

Firm is now aiming to position itself as second-largest PC manufacturer in the country

'Make in India': Modi, Spanish PM to open Tata-Airbus C295 unit on Oct 28

Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez will inaugurate the Tata Advanced Systems Ltd's (TASL's) final assembly line facility for the C295 aircraft in Vadodara on Monday.

Swiggy launches 'International Logins' feature for NRIs

Food and grocery delivery platform Swiggy has introduced 'International Logins'—a feature that allows users from 27 countries, including the United States, Canada, Germany, the United Kingdom, Australia, and the UAE, to access all the offerings on the Swiggy app using their international phone numbers.

Triple test for Siddaramaiah

In the middle of all the excitement about the Assembly byelections in Uttar Pradesh (nine seats), to be held on November 13, there is little discussion about the three bypolls in Karnataka.

Modi-Xi summit: A nudge, not a shift

Prime Minister Narendra Modi and Chinese President Xi Jinping met formally on October 23 after a gap of five years in Russia's Kazan, on the margins of the Brics+ meeting hosted by President Vladimir Putin of Russia.

Congress: Survival or revival

Congress is silently acknowledging it overread the verdict of the last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand

Let the games end

One week in October 2024 has underlined in stark terms the truth that the Commonwealth has outlived its utility, if it ever had any.

Business sans bindi

Social media activist Shefali Vaidya first started a campaign #NoBindiNoBusiness way back in 2021.

McDonald's crisis reveals veg contamination is a harder problem than beef

Moves by major US fast-food chains to temporarily scrub fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E coli outbreak at McDonald's, laid bare the recurring nightmare for restaurants: Produce is a bigger problem for restaurants to keep free of contamination than beef.

Mercedes vows to step up cost cuts after earnings halve in Q3

Mercedes-Benz will step up cost cuts after earnings halved in the third quarter, hit by tepid demand and fierce competition in China, it said on Friday.

Apple's Q3 China iPhone sales slip, Huawei's soar

Apple's iPhone sales in China slipped 0.3 per cent while rival Huawei posted a 42 per cent surge in the third quarter of 2024, as competition intensifies in the world's largest smartphone market.

Israeli strike kills 3 journalists in Lebanon

Palestinian officials say at least 72 people killed since Thursday night; Beirut claims over1.2 million displaced

China offers Taliban tariff-free trade in bid to develop ties

China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing's envoy to Afghanistan said on Thursday, as the ailing resource-rich but diplomatically-isolated regime looks to build up its markets.

LEADERS' RELATIVES IN THE FRAY FOR BYPOLLS IN 48 ASSEMBLY SEATS

Friday was the last day for filing of nominations for 47 of the 48 Assembly bypolls, slated for polling on November 13.

India saw steepest surge in greenhouse emission in '23

Among major economies, India in 2023 recorded the steepest increase in greenhouse gas (GHG) emission, climbing 6.1 per cent, with China trailing close behind at 5.2 per cent, according to the United Nations Environment Programme (UNEP) Emissions Gap Report 2024.

MGNREGA participation dipped in first 6 mths this FY compared to last

Fewer people participated in Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) during the first six months of this financial year (April-September) compared to the same period last year, a recent analysis of the scheme's performance by LibTech showed.

Bandhan Bank profit rises 30% to ₹937 crore

Private lender Bandhan Bank on Friday reported a 30 per cent increase in its net profit for the second quarter of the current fiscal to ₹937 crore.

IDBI Bank's net up 39% to ₹1,836 crore

Private sector lender IDBI Bank on Friday reported a healthy 39 per cent jump year-on-year (Y-o-Y) in its net profit for the second quarter of the current financial year (Q2FY25) to ₹1,836 crore on improvement in net interest margins and an uptick in non-interest income.

FAR securities get ₹60K cr since JP Morgan inclusion

In October so far, foreign portfolio investors sold FAR securities worth ₹5,000 crore

BPCL profit down 72% on higher costs, weak margins

State-run Bharat Petroleum Corporation (BPCL) reported a 72 per cent slump in its net profit for the second quarter of the current financial year (Q2FY25) over higher expenses and weak refining margins.

Recoveries drive BoB's bottom line up 23%

Bank's MD and CEO says the deposit costs have peaked with prospects for moderation

Adani's ₹12,500 cr bid drives up KSK Mahanadi offers

Adani Group's ₹12,500 crore bid to acquire KSK Mahanadi Power has prompted other bidders to revise their offers upwards, and the final number could be much higher, according to sources.

Fairfax not to cut CSB Bank stake in five years

Private sector lender CSB Bank plans to become a mid-sized new age bank by 2030, its managing director and chief executive officer PRALAY MONDAL said. In a telephonic interview with Shine Jacob he discussed the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale. Edited excerpts:

NIPFP cuts India's FY25 GDP growth forecast

Citing growth moderation in the June quarter of FY25 on account of sharp contraction in net exports as well as government consumption due to the model code of conduct, Delhi-based think tank National Institute of Public Finance and Policy (NIPFP), in its mid-year review, revised downwards its growth forecast for India to 6.9-7.1 per cent.

Govt doubles Mudra loan ceiling to ₹20 lakh under new category

The government on Friday doubled the limit of a Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) to ₹20 lakh from ₹10 lakh under a new 'Tarun Plus' category to promote entrepreneurship in the country.

Jobs most pressing global issue amid tech changes: FM

Jobs is the most pressing global issue due to economic headwinds and rapid technological change that are redefining skills the youth need for the job market, Finance Minister Nirmala Sitharaman has said.

Income disparity down 74% since FY14: SBI study

There has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to ₹5 lakh annually between financial years 2013-14 and 2022-23, said a State Bank of India (SBI) report released on Friday.