MUMBAI: Zepto is looking to raise about Rs 1,000 crore (around $105 million) in pre-IPO funding, delaying its listing plans for now, people familiar with the matter said.The company is eyeing a valuation of around $4-4.5 billion for the investment, over 30% lower than its last valuation of $7 billion at which it had raised…
A proposed $100,000 post-study work fee could make it significantly more expensive for international students to work in the US post graduation The Trump administration is considering imposing a $100,000 fee on international students seeking to work in the United States after graduating from American universities, according to people familiar with the matter, in a…
MUMBAI: Tata Steel is severing a quarter-century-old partnership with Germany’s Martrade, buying out the logistics group’s 23% stake in their joint shipping venture for Rs 335 crore.The steelmaker is acquiring 41.4 lakh equity shares in TM International Logistics from IQ Martrade Holding Und Management, taking its holding from 51% to 74% once the deal closes;…
MUMBAI: NTT Data Payment Services is working on linking India’s UPI with other fast payment systems across Asia through a hub-based architecture that could eliminate the need for multiple bilateral arrangements, senior executives said, outlining a strategy to simplify cross-border retail payments. The company launched Adaptis – its unified service brand for its digital payment…
NEW DELHI: How much is the estimated drop in fuel efficiency when E20 fuel is used in non-E20-compliant vehicles? While govt rejected claims on social media of substantial loss in mileage due to E20 petrol, transport and petroleum ministries have given slightly different figures.Road transport ministry, citing a study by Automotive Research Association of India…
MUMBAI: India’s formal retail credit penetration more than doubled over the past decade, with the share of consumers who accessed credit at least once rising from 35% in March 2017 to 74% in March 2026, even as the credit-eligible population expanded from 79 crore to 89 crore.The expansion was accompanied by a sharp rise in…
After a dramatic rally in the previous session, oil prices retreated on Thursday as crude continued to move out of the Middle East even as the US-Iran war widened beyond its primary battlefronts.WTI crude slipped 0.54% to $84.00 a barrel, while Brent crude fell 0.85% to $89.97 a barrel.The decline followed a sharp rebound on…
NEW DELHI: Smartphone exports rose 23.4% to $9.8 billion during the June quarter, with the segment accounting for nearly two-thirds of electronic shipments of about $15.2 billion during April-June.This was the highest-ever first-quarter smartphone exports by value and was driven by strong iPhone shipments to the US, reinforcing the country’s emergence as a key global…
Ever since the advent of artificial intelligence, people across industries have struggled with a common question: how long before it comes for their jobs?According to a Goldman Sachs report, the answer depends on the nature of the work. Routine and repetitive jobs across financial services, retail trade, healthcare and education face the highest risk of…
In commodity markets, oil prices eased after recent sharp swings driven by escalating tensions in the Middle East. US stock market today: Wall Street rebounded on Thursday, led by a sharp rally in Microsoft after the technology giant posted stronger-than-expected quarterly earnings. The S&P 500 rose 0.9%, recovering more than half of Wednesday’s decline, its…