BUSINESS
Invesco Elevates Swiggy's Valuation to $8.3 Billion, Boosting US-Based Confidence
Notably, Invesco had previously raised Swiggy's valuation to around $7.85 billion in October of the preceding year.
Global Markets Undergo Correction in Recent Days: A Recap of Recent Financial Trends
While market trends can be predicted to some extent, the timing and specific triggers for corrections remain unpredictable.
Real Estate Stocks Surge Up to 15%: Notable Jump in Market Performance
RailTel soared by 16.68 percent, hitting a 52-week high of Rs 194.10, eventually settling 14.70 percent higher at Rs 190.80. The company recently secured an order worth Rs 27.91 crore from Kerala State Information Technology Infrastructure for a fiber optic network.
Amit Shah, Cooperation Minister, Set to Unveil Tur Dal Procurement Portal Tomorrow
The newly developed portal, available in multiple languages, targets tur dal cultivators in Maharashtra, Andhra Pradesh, Telangana, Gujarat, Karnataka, and Jharkhand.
LIC Receives Rs 663 Crore GST Demand Notice
LIC stated in a regulatory filing that it received a communication detailing interest and penalty from the Office of the Commissioner of CGST & Central Excise, Chennai North Commissionerate, on January 1.
Piyush Goyal Predicts India's GDP to Surpass $4 Trillion Mark Ahead of LS Polls
Addressing the audience at the launch of the Aatmanirbhar Bharat Utsav in the national capital, Goyal confidently declared that India is on track to secure the position of the world's third-largest GDP by 2027, as per prevalent estimations.
SpaceX Successfully Deploys Inaugural Batch of Satellites Enabling Global Mobile Phone Connectivity
Out of the 21 newly deployed Starlink satellites, six have been specifically equipped to support SpaceX's innovative 'Direct to Cell' service, which was unveiled in 2022.
Nifty Witnesses Second Consecutive Decline Amid Profit Booking and Weak PMI Data
Even Domestic Institutional Investors (DIIs), who have been consistent buyers, are now booking profits. Vijayakumar suggests that this profit booking, along with simultaneous dip buying, will likely keep the market highly volatile in the near term.
Brokerages on Standby: Assessing GST Notice Impact on Zomato Before Factoring In
The notice requires Zomato to provide reasons why a tax liability of slightly over Rs 4 billion, pertaining to delivery charges collected from customers on behalf of delivery partners, should not be demanded, along with relevant interest and penalty.
2023 Sees a Slower Unicorn Creation Rate with Only Two New Companies, a Sharp Contrast from 2022's 21
The year saw PE-VC firms injecting $29.7 billion into Indian companies across 756 deals, a significant drop from the $47.6 billion invested in 1,362 deals in the preceding year.
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