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Home  Business

Business

Ikea Hyderabad store, its first outlet in India, to breakeven soon, says CEO

Ikea Hyderabad store, its first outlet in India, to breakeven soon, says CEO

  • Sebi notifies stricter delisting rules for non-convertible debt securities

    New Delhi: With an aim to protect investors’ interest, Sebi has notified a new framework prohibiting listed entities, with more than 200 non-QIB (qualified institutional buyer) holders of non-convertible debt securities, from delisting voluntarily. Under the new rule, the listed entity will have to obtain permission from all holders of non-convertible debt securities within 15 […]
  • Crypto criminals steal over $10bn to date, despite crypto crime slowing down

    Crypto criminals have stolen more than $10 billion to date, despite crypto crime slowing down.
  • Jio announces launch of AirFiber this Ganesh Chaturthi

    JioAirFiber is set to deliver fibre-like speed over the air without any wires.
  • Ambani announces plan to establish 100 CBG plants within 5 years for Reliance

    Reliance Industries Ltd, the owner of world's largest single-location oil refining complex, will set up 100 CBG plants to convert agri-waste into gas.
  • Telcos’ operating profit to jump 15 pc to Rs 1.2 lakh cr in FY24: Crisil

    Indian telcos' operating profit is likely to rise by up to 15 per cent to Rs 1.2 lakh crore in FY24, a domestic rating agency said on Monday
  • As many as 58 firms including top global players registered for IT hardware PLI

    The Ministry of Electronics and IT, Secretary, Alkesh Kumar Sharma said that the response to PLI Scheme 2.0 for IT hardware has been more than expected
  • OPPO pays 23 per cent of its India sales to Nokia as per court order

    OPPO has deposited with the Delhi High Court 23 per cent of the amount generated from its sales in India for infringing upon Nokia's patent
  • Circular economy to unlock $7 billion untapped revenue in Indian electronics sector by 2035

    Projected at $13 billion by 2035, the market size for these circular models aligns with existing commitments and targets.
  • Govt’s ONDC reaches 50K restaurants, takes on Zomato-Swiggy dominance

    Giving a tough fight to Zomato-Swiggy dominance in online food delivery market, ONDC on Monday said that 50,000 restaurants are now live for placing online orders
  • Sitharaman declares Jan Dhan Scheme a revolutionary force in financial inclusion

    Of these accounts, around 55.5 percent are owned by women, with 67 percent being established in rural and semi-urban regions.
  • Go First flight cancellations extended until August 31 citing ‘operational reasons’

    Go First airlines, which has been grounded since early May, has announced a further extension of flight cancellations till August 31, the airline announced on Monday
  • Markets climb in early trade on firm global trends

    Equity benchmark indices climbed in early trade on Monday tracking strength in global markets
  • Rupee rises 12 paise to 82.52 against US dollar in early trade

    The rupee was trading in a narrow range and appreciated by 12 paise to 82.52 against the US dollar in early trade on Monday, tracking positive Asian peers and domestic equities
  • Telangana set to beat its own record in IT exports

    During the 2022-23 financial year, the IT exports from Telangana were valued at Rs.2.41 lakh crore, registering a growth of 31.44 per cent increase over the 2021-22 financial year exports
  • India, UK to continue FTA negotiations till Aug-end

    They reviewed the progress made in the ongoing negotiations for a Trade and Economic Partnership Agreement (TEPA) between India and EFTA (European Free Trade Association).
  • FDI equity inflows dip 34 per cent to USD 10.94 billion in April-June 2023

    FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion
  • Govt decides not to allow basmati rice exports below USD 1,200 per tonne

    The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice
  • Govt unlikely to infuse capital in PSU general insurers in FY24

    The four public sector general insurance companies are unlikely to get capital funding from the government in the current fiscal
  • Stock exchanges slap fines on IOC, ONGC, GAIL for failure to meet listing regulations

    Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements
  • Vedanta wins arbitration against govt in USD 1.1 bn cost disallowance case

    Vedanta Ltd has won an arbitration against a demand for a higher payout from its prolific Rajasthan oil and gas fields
  • FPIs invest Rs 10,689 crore in August; pace of investment slows

    This figure includes investment through the primary market and bulk deals, which have been gathering momentum recently
  • EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India

    Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish
  • India, Singapore pilot first live paperless transaction using Trade Trust platform

    India and Singapore piloted the first live paperless transaction using the Trade Trust platform, marking another milestone in the digital connection
  • Rupa and Company Case: Sebi penalises two entities for violating insider trading norms

    Sebi has levied penalties totalling Rs 20 lakh on two entities for flouting insider trading norms in the shares of Rupa and Company Ltd
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