MUMBAI: Swiggy is selling its retail distribution platform Lynk Logistics to B2B e-commerce startup Udaan, the companies said on Monday. As part of the deal, which has been structured as a share-swap transaction, Swiggy will acquire a 2.8% stake in Udaan.The food and grocery delivery major will also make a cash infusion of Rs 75 … Read more
Blackstone Inc is among global investment firms in the fray to buy a stake in IIFL Finance, just as Fairfax Financial Holdings looks to exit from the company, according to people familiar with the matter.Fairfax, founded by Indian-born Canadian billionaire Prem Watsa, is weighing selling its entire holding in IIFL Finance to comply with regulatory … Read more
Crude import price hits $100-a-barrel mark NEW DELHI: India’s average crude import price crossed the $100 per barrel mark for the first time in six weeks last Friday and is likely to rise further as international crude prices surge amid intensified hostilities in West Asia and supply disruptions through the Strait of Hormuz.Indian basket of … Read more
The High Court has made it clear that the statutory safeguard also covers the work she performs. (Image for representative purpose only) A woman with 14 years’ experience returned to her job after maternity leave only to find that while her salary had remained the same, her managerial duties had been reduced. Now the Delhi … Read more
The CII Business Confidence Index rose to 66.0 in Q2FY27 from 60.8 in the previous quarter, signalling stronger business expectations. Business confidence among Indian companies improved sharply in the second quarter of FY27, with firms expecting stronger demand, higher capacity utilisation and increased hiring despite continuing global uncertainties, according to a Confederation of Indian Industry … Read more
The UK Treasury has agreed to recognise India’s carbon credit trading scheme, potentially allowing exporters to avoid paying carbon charges twice. NEW DELHI: In a boost for businesses, the UK has agreed to recognize India’s carbon credit trading scheme, which will enable exporters to avoid “double taxation”.Officials said that the UK treasury has agreed to … Read more
The government had earlier extended the refill booking interval to 45 days in rural areas amid supply concerns. Union Minister Suresh Gopi on Monday said the central government has directed oil marketing companies (OMCs) to implement a 25-day LPG refill booking interval uniformly across urban and rural areas with immediate effect.Gopi, Union Minister of state … Read more
The proposed system would assign penalty points to motorists for different traffic offences. (Image for representative purpose only) Soon every traffic offence you commit will show negatively on your driving licence. The government is working on a graded points-based system for driving licences, Union minister for Minister for Road, Transport and Highways Nitin Gadkari has … Read more
India’s metro network has grown more than fourfold in just over a decade. India’s metro network has grown multifold in the last few years and may soon overtake the network in the United States of America. This would make India the country with the second largest metro network in the world after China.India could surpass … Read more
Jaguar Land Rover is undertaking a major cost-cutting drive amid financial pressures Jaguar Land Rover will reduce its global workforce by around 4,000 roles over the next two years, news agency Reuters reported citing CEO PB Balaji. The planned cuts come as a part of broader plan to reduce costs and improve competitiveness.The luxury carmaker … Read more