Food delivery major Zomato on Tuesday launched an accelerated safety response programme that can automatically detect crashes through the delivery partner app. When a crash is detected, the app will immediately trigger an emergency call to Zomato’s central response system, which would then dispatch an ambulance to the delivery partner’s location. The company said that this
India’s tourism and hospitality sector is poised for a significant expansion, with the potential to generate 61 lakh new jobs by 2034, according to a new whitepaper released by the Confederation of Indian Industry (CII) and EY. Titled “Reimagining Workforce Horizons: Employment Landscape in Tourism and Hospitality in India,” the report was unveiled at the 18th Annual
The stock market closed on a downbeat note on Wednesday (December 18), as both the headline indices, Sensex and Nifty saw notable declines. The benchmark Sensex settled at 80,182.20, marking a loss of 0.62 per cent, while the NSE Nifty ended at 24,208.30, down by 0.52 per cent. In a similar trend, the Nifty Bank
The Rs 1,600-crore Ventive Hospitality IPO price band has been fixed at Rs 610-643 per share, with a face value of Rs 1 each. The issue opens on December 20 and closes on December 24. It consists entirely of a new issue. Pune-based Ventive Hospitality is a joint venture between the Panchshil Group and Blackstone
Supreme Facility Management, a SME IPO made its debut on the NSE Emerge platform on Wednesday (December 18) marking a flat listing with the shares opening at Rs 75, a slight 1.33 per cent discount from the issue price of Rs 76. As of 11:50 AM IST, the shares of the company were trading at
Ola Consumer has begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network. The service is currently available via the Ola Cabs app’s food delivery section in select areas of the city. The company plans a nationwide rollout in the coming weeks, pending pilot results.
With the slow start to the winter, consumer durables and electrical companies have reported a sluggish demand for winter products like geysers and room heaters in November, post the festive season of Diwali. Lower demand has been attributed to weak demand particularly from the northern region where temperatures continued to be higher than normal. Moreover
Domestic shipping companies are expected to continue to see a declining trend in revenue growth with an on-year dip of 8-10 per cent in fiscal 2026, stated a report by CRISIL Ratings. This, it added, will be on account of softening of charter rates — for crude oil and petroleum products amid stagnant demand, and
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
Chennai-headquartered Indian Overseas Bank (IOB) has introduced a specialized Ultra HNI Savings Bank (SB) Scheme designed exclusively for high-net-worth individuals (HNIs). This premium banking initiative offers three distinct variants viz. IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE, each packed with unique benefits tailored to meet the financial needs of affluent customers. Key
Stock markets are set to be influenced by global trends, macroeconomic data releases, and developments in US tariffs during a holiday-shortened week, analysts said. Investors will also keep a close watch on foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices. Ajit Mishra, SVP of Research at Religare
The combined market valuation of seven of the top 10 most valued companies surged by Rs 2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent.
According to a joint report by NAREDCO and EY, India’s real estate industry is on track to reach a $1-trillion market valuation by 2030, driven by PropTech innovations and government initiatives like the Smart Cities Mission and the Digital India campaign. Technology continues to play a pivotal role in shaping the sector. In 2024, the
