From condoms to aloo bhujia, soft drinks, chips and ice cubes packets, and even men’s underwear, New Year’s Eve (NYE) witnessed record-breaking orders for major quick commerce platforms including Blinkit and Swiggy Instamart. The year came to close on a high note for both the platforms, as Blinkit CEO Albinder Dhindsa and Swiggy Co-founder Phani
The Indian stock markets ended the day on a green note on Thursday, January 2, 2025. The Sensex soared by 1436.30 points, or 1.83%, closing at 79,943.71, while the Nifty gained 445.75 points, or 1.88%, ending at 24,188.65. The Nifty Bank index also ended the day in the green, ending the day at 51,605.55, up
ITC Hotels, on January 1, 2025 officially was demerged from its parent company, ITC. The record date for this long-anticipated demerger has been fixed on January 6. If you are an exiting ITC shareholder or buy shares before January 3, you get ITC Hotels shares in the demerger ratio of 1:10. Essentially that means 1
Here’s some good news for you: transferring money to the wrong bank account may soon be a thing of the past! The Reserve Bank of India (RBI) has announced a new initiative to introduce a beneficiary account name lookup facility for the Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems. This
UTI Mutual Fund (UTI) has launched an open-ended equity scheme, UTI Quant Fund, that follows a sophisticated quantitative investment strategy. The active equity fund, which combines predictive modelling with UTI’s extensive investment research expertise and investment process, aims to consistently generate alpha over the broad index by dynamically adapting to market conditions and managing volatility
WhatsApp Pay, the payment feature of the widely used messaging platform, has given a go-ahead to roll out Unified Payments Interface (UPI) services for its entire user base in India. The National Payments Corporation of India (NPCI) recently announced its decision to lift the cap on user onboarding for WhatsApp Pay. In an official statement
The Indian stock market kicked off the new year on a positive note, with the headline indices Sensex and Nifty indices marking a surge during the second trading session of 2025. As of 12:04 PM IST on January 2, 2025, the Sensex surged by 709.32 points, or 0.90 per cent, trading at 79,217.59, while the
Standard Glass Lining, a manufacturing engineering equipment company, primarily for the pharmaceutical and chemical industries in India ahead of its opening for subscription has already created a buzz in the market. A mainboard issue, the Standard Glass Lining IPO will open for subscription from January 6 to January 8, 2025, with the price band set
Interarch Building Products on Sunday announced that it has received two major projects worth Rs 221 crore from Tata Projects. The first order, it added, is for Tata Semiconductor Assembly & Testing Pvt Limited, for their semiconductor manufacturing facility in Jagiroad, Morigaon, Assam. This is a key initiative in India’s growing semiconductor ecosystem, aligned with
The Employees’ Pension Scheme (EPS), run by the Employees’ Provident Fund Organisation (EPFO), is one of India’s largest social security programmes. Under this scheme, employees receive a monthly pension based on their service period and salary. Launched on November 16, 1995, the EPS is designed to provide regular income to organised sector employees after retirement.
The debate over Larsen & Toubro (L&T) Chairman SN Subrahmanyan’s controversial pitch for a 90-hour workweek has sparked reactions from several corporate leaders. Subrahmanyan, in a viral Reddit video, remarked to his employees, “What do you do sitting at home? How long can you stare at your wife? Come on, get to the office and
Industrialist Gautam Adani met Chhattisgarh Chief Minister Vishnu Deo Sai on Sunday and announced a major investment of Rs 65,000 crore for the state. This investment, aimed at expanding the Adani Group’s energy and cement projects, is expected to drive significant growth in the region. The meeting took place at the Chief Minister’s official residence
The Reserve Bank of India (RBI) has come out with a circular on FAQs clarifying doubts regarding resetting of floating interest rates on personal loans with equated monthly installments (EMIs). The FAQs, issued on January 10, will improve transparency, give borrowers more control, and bring more clarity to how lending institutions operate. It is important
