[ad_1] Rapido looks to raise $500 million funding as Swiggy exits stake Bengaluru-based ride-hailing startup Rapido is finalising a $500-550 million (Rs 4,500-5,000 crore) funding round, combining primary and secondary deals, while Swiggy exits its stake in the company.The move comes as Rapido expands its ride-hailing operations and scales its food delivery platform, Ownly. The…
[ad_1] Silicon Valley braces for Donald Trump’s H-1B fee hike The Trump administration’s sharp increase in visa fees for H-1B workers has triggered concern among US technology companies, with many considering moving more jobs overseas — the very outcome the policy aimed to prevent.US President Donald Trump announced on Friday a steep $100,000 levy for…
[ad_1] PhonePe plans $1.5 billion IPO PhonePe Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) late Tuesday night, taking the confidential route.The company confirmed the development and said the filings were made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reported…
[ad_1] India’s mutual fund industry continues its strong growth trajectory, scaling a fresh peak in August 2025, with assets under management (AUM) touching an all-time high of Rs 75.19 lakh crore — up 12.7% from Rs 66.7 lakh crore a year ago, according to a Franklin Templeton report.Equity-oriented schemes continue to dominate, with AUM at…
[ad_1] US energy secretary Chris Wright on Wednesday urged India to reconsider its imports of Russian oil, saying that the country has plenty of alternative sources. Speaking to ANI, he alleged that buying Russian oil indirectly funds ongoing atrocities in Ukraine, while highlighting the potential for stronger energy and trade cooperation between the US and…
[ad_1] The GST reform will progressively deliver a positive impact on the Indian economy by enhancing ease of doing business, lowering retail prices and strengthening consumption growth drivers, according to an article in the Reserve Bank of India’s September Bulletin.The bulletin said global uncertainty remained elevated in the wake of US tariffs on major trading…
[ad_1] The UAE-India Business Council (UIBC) has signed a series of strategic agreements to strengthen industry collaborations and expand trade and investment flows between India and the UAE.As part of three separate pacts, UIBC and the UAE-India CEPA Council (UICC) agreed to enhance institutional collaboration, ensuring greater coherence in advancing the objectives of the UAE-India…
[ad_1] Union finance Minister Nirmala Sitharaman on Wednesday launched the Goods and Services Tax Appellate Tribunal (GSTAT), positioning it as a landmark reform aimed at clearing a massive backlog of tax disputes and strengthening trust between businesses and the administration. The tribunal will begin hearing cases from December, offering what she described as “a true…
[ad_1] Iran’s rial tumbled to an all-time low of 1,074,000 against the US dollar on Wednesday, just ahead of Iranian President Masoud Pezeshkian’s scheduled address at the United Nations, AP reported.The sharp decline follows Supreme Leader Ayatollah Ali Khamenei’s rejection of direct talks with the United States over Iran’s nuclear programme, limiting the scope for…
[ad_1] The US Treasury is in discussions with Argentina to provide a $20 billion swap line to the South American country’s central bank, Treasury Secretary Scott Bessent said Wednesday, as right-wing President Javier Milei seeks to stabilise markets ahead of upcoming midterm elections. Following the announcement, the Argentine peso gained 2.4 percent to 1,333.90 per…