India’s product exports increased by 24.2 percent year on year in April to $38.2 billion, the third-highest level ever, because of rising commodity prices despite the ongoing Russia-Ukraine conflict, according to preliminary trade data issued by the commerce ministry on Tuesday. The previous month had seen $42.2 billion in outbound shipments, which was a new […]
Zepto, a rapid commerce startup founded by two 19-year-old Stanford dropouts nine months ago, has raised $200 million in a Series D funding round, valuing the company at about $900 million. Zepto intends to use the funds to expand 10-minute grocery delivery across the country and continue to grow responsibly. Y Combinator Continuity doubled in […]
Former coal secretary Anil Swarup remarked on April 30 that the coal crisis will return unless long-term solutions such as expanding Coal India’s production are found, as electricity shortages continue to plague significant portions of the country. “Coal is on fire again and will keep catching fire if long-term solutions are not found. We missed […]
The Delhi administration warned on Thursday of a possible setback in delivering uninterrupted energy to essential institutions in the capital, including Metro trains and hospitals, amid a worsening coal shortage. Satyendar Jain, the Power Minister, convened an emergency meeting to examine the situation and wrote to the Centre, urging that additional coal be made available […]
According to sources, at least 150 passengers and staff members on board a Thai Airways flight were unharmed after a tyre blew before landing at Bengaluru’s Kempegowda International Airport (KIAL). The problem occurred on Tuesday night, and a technical crew from the airline arrived with a spare wheel on Wednesday evening. According to airport sources, […]
Prime Minister Narendra Modi will hold a virtual meeting with Chief Ministers today to assess the COVID-19 situation in the country, which has seen an increase in daily infections over the previous two weeks, with Delhi and the National Capital Region serving as the epicenter (NCR). According to the Prime Minister’s Office, the virtual meeting […]
According to a poll, the Reserve Bank of India will raise its repo rate in June, and at a faster rate than forecast just a few weeks ago, as rising inflation puts pressure on the central bank to move sooner. Retail inflation increased to nearly 7% in March, exceeding the central bank’s goal range of […]
On Monday, the price of 10 grammes of 24-carat gold fell by Rs 10 to Rs 53,440, while the price of 1 kilogramme of silver rose by Rs 100 to Rs 66,700. The price of 10 grammes of 24-carat gold in Delhi and Mumbai is the same as it is in Bengaluru, Hyderabad, and Kolkata, […]
Ajit Pawar, Maharashtra’s Deputy Chief Minister, stated on Friday that the state’s government has chosen to purchase coal from outside the nation to help alleviate the state’s current load shedding situation. He further stated that efforts were being made to get one coal mine in Chhattisgarh awarded to Maharashtra’s power department. Pawar told reporters that […]
FMCG major Nestle India Ltd on Thursday reported a 1.25 percent decline in its net profit to Rs 594.71 crore for the first quarter ended March 2022. The company, which follows January-December financial year, had posted a profit of Rs 602.25 crore in the same period a year ago, Nestle said in a BSE filing. However, […]
