Vaaree founders (L-R) Pranav Arora, Varun Vohra and Garima Luthra BENGALURU: Bengaluru-based home décor startup Vaaree has raised $4.6 million in a pre-Series A round led by PeerCapital, with participation from other existing investors Surge (Peak XV’s accelerator programme) and All In Capital. New investors Sattva Ventures and the Asian Paints family office also participated…
Sri Lankan exporters have expressed concern over a proposed 30 per cent tariff on goods entering the US, warning that the hike could severely impact key export sectors including apparel and rubber products.The Exporters Association of Sri Lanka (EASL) on Friday urged the government to step up negotiations with Washington ahead of the August 1…
India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials…
Consumer goods firms, retailers, e-commerce platforms and logistics companies have increased their recruitment targets by 20-25% compared to the previous year for the upcoming festive period, anticipating robust sales recovery, according to a senior executives and recruitment specialists.The majority of these positions will be filled by temporary and gig workers, with a major e-commerce marketplace…
NEW DELHI: The ministry of roads has implemented stricter qualification requirements for bidding on road projects under hybrid annuity model (HAM) and engineering, construction and procurement (EPC) mode. These enhanced criteria aim to ensure superior construction quality of highways and expressways whilst securing timely project completion.The revised guidelines, detailed in a circular from the ministry…
Air India plane crash: The preliminary report on the Air India Flight AI171 crash has found that both engines of the Boeing 787-8 Dreamliner lost power just three seconds after takeoff from Ahmedabad due to a brief but sudden cutoff in fuel supply. The unexpected engine shutdown led to the accident that killed 260 people,…
NEW DELHI: The GST Council, which will meet shortly, is expected to comprehensively review the eight-year-old regime focused on reducing tax on several consumer-focused items in the 12% bracket as well as lowering the burden on items such as air conditioners, which are in the top bracket.Besides, with the compensation cess – money released to…
NEW DELHI: Boeing on Saturday said it continues “to support the investigation” into the Air India Flight AI171 crash, shortly after the Aircraft Accident Investigation Bureau (AAIB) released its preliminary report on the June 12 tragedy in Ahmedabad.“Our thoughts remain with the loved ones of the passengers and crew on board Air India Flight 171,…
Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) said the global market may be tighter than it seems, supported by strong summer demand. Meanwhile, concerns over new US tariffs and possible fresh sanctions on Russia also added upward pressure.Brent crude rose $1.72, or 2.5%, to settle at $70.36 per…
India-US trade deal: United States is working toward an interim trade agreement with India that could reduce proposed tariffs to below 20%. This would give India a more favourable position compared to other countries in the region.Unlike many nations, India is not expected to receive a formal tariff hike notice this week, and the agreement…