Indian startups raise record $11bn in 3 mths
Indian startups haven’t had it so good in a long time. They raised nearly $11 billion in the July-September quarter, twice the money that they got during the same period last year, with fintech, edtech and SaaS (software-as-a-service) firms cornering nearly 50% of the funding.
As pump prices bite, Puri reasons with producers for affordable oil
High fuel prices are here to stay till crude prices come down, a top government policymaker said on Monday, adding India, as the world’s third-largest consumer, has been reasoning with producing countries that “anything above $70 per barrel (crude price)” could boomerang on them as it will retard global economic revival and hit oil demand, which is already facing headwinds from electric mobility.
Time right for setting India on path of sustainable growth: RBI
With the vaccination drive picking up pace and Covid-19 mortality rate coming down, it is time for India to embark on a new trajectory of sustainable and inclusive growth, said a Reserve Bank article on the 'State of Economy'.
Govt asks telcos to convey about opting for dues moratorium
In line with the bold reforms announced for the telecom sector, the government has now written to telcos, including Bharti Airtel, Vodafone Idea and Reliance Jio, asking them to convey by October 29 if they would be opting for four-year dues moratorium, according to sources.
Daily domestic flyers hit new post Covid high
Call it the festive cheer. The long Dussehra weekend saw the highest number of single day domestic air travellers since the start of the pandemic last March. Almost 3.3 lakh passengers travelled via flights this Sunday (October 17).
MacBook Pro with M1 Pro and M1 Max silicon, 3rd Gen AirPods, colourful HomePod mini: Highlights from Apple’s ‘Unleashed’ Special Event
Gadgets: California tech giant Apple has announced a new set of AirPods, colourful upgrades to the HomePod mini, a Voice Plan for Apple Music and, of course, MacBook Pro with the new M1 Pro and M1 Max SoC, at the virtual ‘Unleashed’ Special Event
RBI slaps penalty of Rs 1 crore on SBI, Rs 1.95 crore on StanChart
The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the country's biggest lender State Bank of India (SBI) and a Rs 1.95 crore fine on Standard Chartered Bank for the violation of various guidelines.
Avenue Supermarts shares wipe out gains; tumble over 8%
Shares of Avenue Supermarts on Monday wiped out all its early gains and closed over 8 per cent lower. In morning trade, the stock jumped nearly 11 per cent after the company reported a two-fold increase in its consolidated net profit for the second quarter ended September.