1. Business & Life Style

Business & Life Style

Once valued at $22 billion, Byju’s is now worth ‘zero’

New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has…

Paytm shows early signs of recovery in UPI transactions, sees growth in payment value processed

New Delhi: Payment and financial services company Paytm is witnessing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company. The total value of…

RBI hikes limit of bulk deposits for banks, FD investors to gain

Mumbai: The Reserve Bank of India (RBI) has decided to revise the definition of bulk deposits as ‘Single Rupee term deposits of Rs 3 crore and above’ for scheduled commercial banks and small finance banks,…

RBI raises GDP growth forecast for 2024-25 to 7.2 pc, sees CPI inflation at 4.5 pc

Mumbai: The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), as it expects the economy to continue on a high growth trajectory.…

Elon Musk congratulates PM Modi, looks forward to invest in India

New Delhi: Tesla and SpaceX CEO Elon Musk on Friday congratulated Prime Minister Narendra Modi on his re-election for a record third term to run the country. In a post on X, the tech billionaire…

Stock markets gain 3 per cent as political stability returns

Mumbai: In a week full of political surprises, the Indian Indices saw high volatility but ended up gaining more than 3 per cent, buoyed by Prime Minister Narendra Modi’s return for the record third term…

Hyundai, Kia take record market share of US EV market

Seoul: South Korea’s top automaker Hyundai Motor and its sister company Kia captured the largest share of the US market for electric vehicles (EVs) in the first five months of 2024, data showed on Sunday.…

US to outstrip China as top export destination for S Korea for 1st time in 22 years

Seoul: South Korea’s exports to the United States exceeded those to China so far this year, data showed on Monday, raising the possibility that the US could be the top export destination for South Korea…

Sensex trades flat after opening at all-time high

Mumbai: Indian equity indices opened at an all-time high on Monday. In early trade, Sensex and Nifty made a new all-time high of 77,079 and 23,411 respectively. At 9:45 am, Sensex was at 76,703, up…

Household consumption expenditure jumps in India as incomes rise

New Delhi: Household consumption expenditure on goods and services in both the rural and urban areas of India, which reflects the standard of living and well-being of the population, has shown a robust increase over…

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