Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, India, on Saturday, April 20, 2024. (Bloomberg)
Posted in Business

Jio Platforms IPO valuation seen at a record $170 billion by investment bankers| Business News

Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of…

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Posted in Economy

Global value chain going through disruptive phase: Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman on Thursday highlighted that the global value chain is going through a disruptive phase amid developing technology and innovation. She further…

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Posted in Economy

India needs to double sugar exports as surplus rises on lower ethanol output

India needs to double its sugar export allocation to 2 million metric tons in the new season, as lower diversion of sugar for ethanol production…

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Posted in Economy

India, New Zealand to finalise FTA soon: Commerce Minister Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said talks are progressing fast between India and New Zealand and expressed hope that the free trade…

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Posted in Economy

Indian envoy discusses bilateral trade, defence deal with key US Senator

India’s Ambassador to the United States, Vinay Mohan Kwatra, discussed bilateral trade and the signing of a 10-year defence framework agreement between the two countries…

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Sam Altman, chief executive officer of OpenAI Inc. (Bloomberg)
Posted in Business

OpenAI wants US government loans to fund its AI investments of over $1 trillion| Business News

ChatGPT creator OpenAI, the world’s largest private company, is asking the US government to provide loan guarantees for its massive infrastructure expansion that will eventually…

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RBL Bank's stake sale to Emirates NBD is seen as the biggest foreign investment in India's financial services sector. (Livemint)
Posted in Business

M&M sells entire 3.5% stake in RBL Bank ahead of open offer by Emirates NBD| Business News

Mahindra & Mahindra Ltd. has sold its entire 3.5% stake in RBL Bank Ltd. at 62.5% gain, ahead of an open offer by Dubai’s Emirates…

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Faering Capital, Bay Capital, others join General Catalyst in PB Healthcare’s $218 million maiden funding round
Posted in Startups

Faering Capital, Bay Capital, others join General Catalyst in PB Healthcare’s $218 million maiden funding round

PB Healthcare, the healthcare business incubated by Policybazaar parent PB Fintech, has raised its first institutional funding from private equity major Faering Capital, India-focussed equity…

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Ola Electric founder Bhavish Aggarwal. (Reuters)
Posted in Business

Revenue plunges 43% on sliding sales, loss narrows| Business News

Ola Electric Mobility Ltd. narrowed its losses in July-September 2025 even as revenue plunged 43%, amid fewer takers for electric two-wheelers. Ola Electric founder Bhavish…

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Posted in Economy

India’s October services growth eases to five-month low on heavy rain, competition, PMI shows

India‘s dominant services sector saw its expansion falter to a five-month low in October, as competitive pressures and heavy rains dampened the robust pace of…

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