Economy

Mumbai: Zomato’s share price dropped to its lowest point on Tuesday in nearly six months, following weak Q3 FY25 earnings. The online food delivery giant’s stock marked the lowest price since July 23, 2024 as it dropped 13.33 per cent to Rs 207.80 per share. As of 12:52 p.m., Zomato’s shares were trading 8.88 per

Davos: The 55th World Economic Forum (WEF) Annual Meeting kicked off with the theme “Collaboration for the Intelligent Age”, at Davos in the Swiss Alps on Tuesday with three celebrities — football legend David Beckham, fashion designer Diane von Furstenberg, and architect Riken Yamamoto — being awarded the prestigious Crystal Awards in recognition of their

Mumbai:  Indian stock markets saw a sharp decline on Tuesday, giving up their morning gains and trading significantly lower by midday as investors remain cautious about Trump trade tariffs. The BSE Sensex plunged 849 points to hit an intraday low of 76,225, while the NSE Nifty dropped 217 points, touching 23,128. According to the market

New Delhi: Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024, as quick-commerce remained a hot sector of investments in India in the fourth quarter last year and will continue in 2025, according to a report on Tuesday. An encouraging trend in India has

Mumbai: More changes in the RBI Liquidity Management Framework are likely after the daily dynamic VRR has been taken as the first step to manage liquidity in the banking system, according to an SBI research report. “Such changes and frontloading next round of moves are smart and pragmatic by the RBI…A delicate mix of temporary

Seoul: South Korean stocks opened a tad higher on Monday ahead of the inauguration of US President Donald Trump as 47th President. The benchmark Korea Composite Stock Price Index (KOSPI) added 10.8 points, or 0.43 per cent, to 2,534.35 in the first 15 minutes of trading. Trump was set to take office for his second

New Delhi: Paytm’s parent company One97 Communications Limited has clocked a loss of Rs 208 crore in the third quarter of FY25, from Rs 222 crore in the same quarter last year. In Q3 FY25, the company’s revenue declined by 36 per cent year-on-year (YoY) to Rs 1,828 crore, from Rs 2,851 crore in the

Ahmedabad:  The Adani Group Chairman, Gautam Adani, on Monday, told students that India, he sees now is alive with runways and “you are India’s global ambassadors in the making”. Addressing an event at the Adani International School here, Gautam Adani told the students they are the wings that will lift India. “You are part of

Mahakumbh Nagar: The Maha Kumbh Mela, a grand spiritual event held every 12 years in Prayagraj, is witnessing a significant joint effort by the Adani Group and the International Society for Krishna Consciousness (ISKCON) to serve the devotees. As millions of devotees gather to bathe in the holy waters of the Triveni Sangam, the Adani

Addis Ababa: The Executive Board of the International Monetary Fund (IMF) has approved an immediate disbursement of about 248 million U.S. dollars to Ethiopia to help the East African country meet its balance of payments needs. The decision came after the IMF held its second review of the 48-month Extended Credit Facility (ECF) for Ethiopia,