[ad_1] File photo – Piyush Goyal NEW DELHI: A significant part of the Rs 10,000 crore second fund of funds for startups is proposed to be reserved for seed funding of smaller players to support deep-tech innovation, commerce and industry minister Piyush Goyal said Saturday.The fund is to be set up by Sidbi, the govt-owned…
[ad_1] MUMBAI: Delhivery is acquiring rival Ecom Express in an all-cash deal for 1,407 crore, the company said in a stock exchange filing on Saturday. The transaction, which marks consolidation in the new-age logistics space, comes amid mounting troubles for Ecom Express, which stalled its public listing plans and laid off at least a few…
[ad_1] Pamban bridge, India’s first vertical lift sea bridge, is set to be inaugurated by PM Narendra Modi on April 6, that is on Ram Navmi. Built by the Rail Vikas Nigam Limited to replace the now defunct old Pamban bridge, the new Pamban bridge is unique in many respects. Importantly, it re-establishes railway connectivity…
[ad_1] Jaguar Land Rover (JLR), the British luxury car manufacturer, announced on Saturday that it will temporarily halt shipments to the United States in April. The company is responding to the 25% tariff on vehicle imports that was imposed by the Trump administration, as it works on long-term strategies to mitigate the financial impact of…
[ad_1] Iran’s rial reached an unprecedented low against the US dollar on April 5, 2025, trading at over 1 million rials for a single greenback. The dramatic depreciation of the currency follows the country’s return to work after the Persian New Year, Nowruz, when the exchange rate surged due to limited trading. As currency exchanges…
[ad_1] India’s leading manufacturers of mining and construction equipment, BEML Ltd has launched the indigenously designed Motor Grader BG 1205 at its Mysuru facility. This milestone emphasizes BEML’s strong commitment to self-reliance and aligns with the Government of India’s Atmanirbhar Bharat initiative.The BG 1205, equipped with a 24-foot blade, has been meticulously designed to cater…
[ad_1] MUMBAI: Tiger Global backed Infra.Market is planning to raise $1 billion through an IPO at a valuation of up to $5 billion, sources close to the development said. The startup, which was last valued at $2.8 billion, is targeting a Diwali listing and will file its draft IPO papers by June. The bulk of…
[ad_1] J P Morgan projected that the United States will slip into a recession by the end of 2025, attributing the decline largely to President Donald Trump’s newly announced reciprocal tariffs. The forecast comes days after Trump imposed sweeping duties on imports in a bid to rebalance trade ties, with further hikes targeted at countries…
[ad_1] Global markets were rattled on Friday as US President Donald Trump’s aggressive tariff war triggered a massive sell-off, erasing more than $9 trillion in market capitalisation since his second-term inauguration on January 20. The Wall Street meltdown, the worst since the Covid -19 pandemic, sent shockwaves across global financial centres. The S&P 500 plunged…
[ad_1] MUMBAI: IndusInd Bank reported a slight year-on-year rise in net advances and deposits for the quarter ended March 2025, even as sequential trends reflected a slowdown in loan growth.The bank’s net advances stood at Rs. 3.48 lakh crore as of March 31, 2025, up 1.4% from a year ago but down 5.2% from the…
