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Home  Business

Business

Retail inflation rises to 6.3% in May

Retail inflation rises to 6.3% in May

  • Rupee falls for 5th straight session, settles 22 paise down at 73.29/USD

    Brent crude futures, the global oil benchmark, rose 0.88 per cent to USD 73.33 per barrel.
  • Music edtech firm Muzigal sees 20% growth

    The company launched in July 2020 by Dr Lakshminarayana Yeluri to connect students, instructors, professional musicians, and music enthusiasts for online live music lessons.
  • Sebi tweaks delisting rules to make process transparent, efficient

    Under the new rules, timelines for completion of various activities forming part of the delisting process have been introduced or revised to make it more efficient.
  • Times Green Energy IPO on June 16

    The company also has recently forayed into e-commerce with ‘Bharat Bazar’ as its brand name.
  • Samsung to supply 5G network solutions to Vodafone in UK

    Under the deal, the South Korean tech giant will provide its commercial virtualized radio access network (vRAN) solutions and open radio network (O-RAN)-compliant 5G radios to Vodafone UK. The value of the deal was not disclosed.
  • Telangana AI Mission launches accelerator programme for AI startups

    The Revv Up accelerator will provide the opportunity for startups to solve tough business problems in collaboration with government and industry.
  • Roposo-owner Glance to acquire ecommerce platform Shop101

    Shop101, founded by Abhinav Jain, Aditya Gupta and Kalpak Chhajed in 2015, is a full stack e-commerce company that brings a network of 10 million resellers and 10,000 supplier partners together, serving customers across over 2,000 towns across the country.
  • Upraised raises bar to help Indian startups find best tech talent

    Upraised, that recently raised a $1.3 million funding by tech entrepreneurs like Airbnb co-founder and CTO Nate Blecharcyzk, Kunal Shah (CRED), Vijay Shekhar Sharma (Paytm) as well as Lightspeed India
  • Sensex, Nifty scale fresh peaks

    Reliance Industries was the top gainer in the Sensex pack, rising around 1.5 per cent, followed by Bajaj Finance, ONGC, Infosys, PowerGrid, L&T and IndusInd Bank.
  • New pooled power mechanism to reduce cost for debt ridden Discoms

    The power ministry has issued a discussion paper on market-based economic dispatch (MBED) of power and has asked stakeholders for their comments on the subject by June 30, 2021.
  • Qualcomm, MediaTek gain big in smartphone application chip market

    The global smartphone applications processor (AP) market posted a double-digit year-on-year shipment and revenue growth in Q1 2021, according to a report by market research firm Strategy Analytics.
  • Azad Engineering to invest $80 million in Hyderabad plant

    Hyderabad firm raises $20 million in first round from DMI Management towards the facility that will create 1,500 jobs locally
  • India’s live commerce industry to reach $4-5B by 2025

    Live commerce is a form of online shopping where customers make purchases during live streaming video events.
  • Microsoft unveils Xbox Series X-shaped mini fridge

    The Xbox Mini Fridge is "the world's most powerful mini fridge," according to the company, that will help gamers stay cool as they go through immersive play experience.
  • Fuel price hiked again; petrol nearing century mark across the country

    On Monday, the oil marketing companies (OMCs) raised the price of petrol and diesel between 26 and 31 paise per litre across the four metros.
  • Base effect: India’s WPI inflation zooms to 12.94% in May

    On sequential basis, the month over month change in WPI index for May 2021 as compared to April was 0.76 per cent.
  • India 2030: Aggressive hippo or agile gazelle?

    There is also need for a large increase in investments in public health so as to ensure free, universal, high-quality healthcare.
  • From Ari to Zari, craft will define couture in the post pandemic era

    Couture is gaining a new meaning, and it is no longer just for special occasions and weddings, believes the designer.
  • B2B marketplace Jumbotail raises Rs 35 cr from Alteria Capital

    An estimated 12 million kirana stores in India control more than 95 per cent of the country's $500 billion food and grocery market.
  • Adani Group stocks slump as NSDL freezes accounts of 3 FPIs

    Around 11.05 a.m., shares of Adani Enterprises were trading at Rs 1,379.40, lower by Rs 222.05 or 13.87 per cent from its previous close.
  • Hyderabad joins Rs.100 club for petrol prices

    The constantly increasing prices saw a litre of petrol costing Rs.100.10, while that of diesel was Rs.95.04 on Monday.
  • Microsoft unveils biggest exclusive games ever for Xbox

    You'll see many games this holiday, including Forza Horizon 5, which will boast DirectX Raytracing on both Xbox Series X and S, and Battlefield 2042, which will run at 60fps while supporting 128 players on Xbox Series X|S.
  • Hyundai to halt US plant on chip shortage, maintenance

    Hyundai Motor will halt the Alabama plant for one week from June 14 on a chip shortage and two weeks from June 16 to July 11 for the plant's maintenance work, a company spokesman said by phone.
  • Hyderabad-based Sid’s Farm to raise funds by year-end

    The dairy company plans to invest in a new facility to enhance capacity and expand its product portfolio
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