BUSINESS
India's tablet market grows 29% in Q2, 5G units up 7%: Report
According to CyberMedia Research (CMR), Wi-Fi tablet shipments surged 12 per cent (year-on-year), claiming a 54 per cent shipment share.
India sees 58% surge in deal values driven by big-ticket transactions
July saw deal volumes up by 46 per cent (YoY) compared to the same period in 2022, according to the report by Grant Thornton Bharat.
Unable to pay salaries, Dunzo in 'talks' to raise up to $100 mn
Bengaluru-based hyperlocal delivery startup Dunzo is in talks to raise funds from its existing investors, including Lightbox and Lightrock, reports leading startup coverage portal Inc42.
Sensex falls below 65K mark
Nifty is down 3 per cent from the July peak of 19979, moving in sympathy with the global cues, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.
Zomato's stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders
So, a sizeable proportion of Zomato’s shares could be available for trade in the near term. In fact, the total value of the Zomato stock that all these investors hold basis CMP is Rs 180 billion.
Economy gathering momentum in Q2: RBI
The chapter on the "State of Economy" in the bulletin said that the uptick in inflation in its June reading mutated in July, with the unprecedented shock to tomato prices spilling over to prices of other vegetables, the bulletin noted further.
Death in the air: 3 pilots lost their lives within 3 days; 2 in India
An IndiGo pilot scheduled for a flight from Nagpur to Pune lost consciousness and collapsed at the boarding gate on Thursday, said the airline official.
RBI launches website to help locate unclaimed deposits across multiple banks
The launch of the web portal will aid users to identify their unclaimed deposits and accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, a statement issued by RBI said.
Rupee at 10-month low adds to selling pressure in stock market
Domestic equities continued to witness pressure amid weak global cues. While Nifty opened lower and remained in the negative territory throughout the session to close with a loss of 100 points (-0.5 per cent) at 19,365 levels, Sensex was down 388.40 points or 0.59 per cent at 65,151.02.
Impending stake sale by Rakesh Gangwal, slowing earning trajectory likely to weigh on Indigo's stock price
This is in line with his strategy to reduce stake in the company over the coming years. Gangwal's stake post the recent sale stands at 25 per cent.
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