- Business
- October 25, 2024
Gurugram, Ghaziabad lead sales surge in Q32024, NCR real estate booms
NCR real estate shines: Gurugram, Greater Noida, and Ghaziabad continued to dominate the National Capital Region (NCR) real estate sales in Q32024 (July-September) according to the latest ANAROCK report. The micro-market performance has been driven by a mix of demand for high-end and mid-segment housing. NCR witnessed robust growth across multiple metrics including new launches, price hikes, and rental value. NCR contributed approximately…
- Business
- October 24, 2024
10 credit score myths that can derail your financial future
Credit score confusion: Understanding your credit score is vital for securing loans, credit cards, and even rental agreements. Yet, many people fall prey to widespread myths that can lead to poor financial choices. Here are ten common credit score myths and the truths that dispel them. Myth 1: Checking your credit score lowers It Fact: Regularly checking your credit score is essential for…
- Business
- October 24, 2024
Food Delivery Gets Costlier as Zomato and Swiggy Hike Platform Fee Ahead of Festivals
In the lead-up to the festive season, major food delivery platforms Zomato and Swiggy have increased their platform fees to Rs 10 in certain cities, including Delhi. Both companies mentioned that such adjustments are routine and can vary by location. However, Swiggy has not yet commented on the changes. Zomato Confirms Rs 10 Hike Zomato confirmed the fee increase, describing it as a…
- Business
- October 24, 2024
Adani Enterprises Raises USD 500 Million Primary Equity to Further its Growth Plans
Ahmedabad: Adani Enterprises Limited (AEL) today said it has successfully completed the Qualified Institutional Placement(QIP) of equity shares of face value of INR 1 each of AEL (“Equity Shares”) aggregating to approximately INR 4,200 crores (USD 500 million). A total of 1,41,79,608 Equity Shares were allocated at an issue price of ₹ 2,962 per Equity Share through the QIP. The transaction was launched…
- Business
- October 24, 2024
Adani Acquires Orient Cement at INR 8,100 Crore Equity Value
Ahmedabad: Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully…
- Business
- October 24, 2024
Adani Energy Solutions Reports Strong Growth in Q2 FY25
Mumbai: Adani Energy Solutions Limited (“AESL”), part of the globally diversified Adani portfolio and the largest private transmission and distribution company in India with a growing smart metering portfolio, today announced its financial and operational performance for the quarter and half year ended September 30, 2024. “We are pleased to have delivered another quarter with robust operating and financial performance. The company remains…
- Business
- October 23, 2024
Bharti Airtel’s AI System Blocks 154 Million Spam Calls, 8 Million SMS in West Bengal
Kolkata: Bharti Airtel on Wednesday claimed that its new AI-powered detection system successfully identified 154 million potential spam calls and 8 million spam SMS messages in Bengal since its launch nearly a month ago. The telecom major said it offers the solution in West Bengal for free and customers need not to request service or download an app. “As connectivity expands, customers are…
- Business
- October 23, 2024
Gold, Silver Hit New All-Time Highs on Wedding Season Demand
New Delhi: Rallying for the sixth straight session, gold and silver prices breached fresh record high levels in the national capital on Wednesday mainly driven by festive and wedding season demand, according to the All India Sarafa Association. Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh…
- Business
- October 23, 2024
Iconic Food Container Brand Tupperware Sold For Rs 198 Crore in Cash
New York: Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million (approximately Rs 198 cr) in cash and over $63 million in debt relief, cancelling its plans for an open-market auction of its assets. The food storage and kitchen products company announced the deal at a bankruptcy court hearing in Wilmington, Delaware. U.S. Bankruptcy…
- Business
- October 23, 2024
India’s GDP Likely to Grow at 7.2% in FY25: RBI Deputy Governor
New York: India’s GDP growth is projected at 7.2 per cent in 2024-25, around 7 per cent in the next fiscal, and after that, there is a strong likelihood that the growth will revert to the 8 per cent trend, said Reserve Bank of India deputy governor Michael Debabrata Patra. He was speaking at the New York Fed Central Banking Seminar organised by…
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