Economy

New Delhi: IPO-bound B2B seafood marketplace Captain Fresh suffered a loss of Rs 229 crore in FY24, from Rs 295.8 crore in FY23, reducing losses by 22.4 per cent. In last fiscal, the company’s total expenses also increased by 44.8 per cent year-on-year to Rs 1,648 crore. It was Rs 1,138 crore in FY23, as

Tokyo: Japanese Prime Minister Shigeru Ishiba asked US President Joe Biden to address “strong concerns” in both Japanese and US business circles following Biden’s order to block Nippon Steel’s takeover of U.S. Steel, local media reported Monday. The Prime Minister conveyed the request during an online meeting with Biden, according to Jiji Press’ report. “Strong

Mumbai: Indian stock market fell more than 1 per cent on Monday amid mixed global and local cues, including strong US employment data suggesting fewer rate cuts in 2025. Among other factors that led to the market tumbling were rising crude oil prices, weakening rupee and massive foreign capital outflows which dragged the market,

New Delhi: IPO-bound B2B seafood marketplace Captain Fresh suffered a massive loss of Rs 229 crore in FY24, over 340 per cent decline (or up 4.4 times) from Rs 52 crore in FY23. In last fiscal, the company’s total expenses also increased by 44.8 per cent year-on-year to Rs 1,648 crore. It was Rs 1,138

New Delhi:  India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW, as of December 2024, from 180.80 GW in December 2023, according to a statement issued by the Union Ministry of New and Renewable Energy (MNRE) on Monday. The total capacity added during 2024 amounted

New Delhi:  The conditions are turning favourable for rate cuts in India and the Reserve Bank of India’s (RBI) easing cycle is likely to begin from February, according to a report on Monday. The central bank’s neutral policy stance gives it flexibility to cut rates. Food inflation, the main roadblock for rate cuts, is expected

New Delhi:  The Federation of Hotel and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI) have reiterated serious concerns over online food aggregators Zomato and Swiggy’s recent move to enter the private label food delivery business. The FHRAI, which is the third largest hospitality association in the world, pointed out

Mumbai: The private equity (PE) investment in Indian real estate increased by 6 per cent to $2.82 billion during the first nine months (April-December) of Financial Year 2024-25, according to a report by real estate firm ANAROCK. “The average deal size saw a notable increase of 32.5 per cent, climbing from $88.5 million in nine

New Delhi: The Centre’s capital expenditure in big-ticket infrastructure projects such as highways, railways and power development and investments in critical sectors such as defence are expected to propel India’s economic growth in the financial year 2025- 2026 and beyond, according to a report by financial services firm Prabhudas Lilladher (PL). “We are already witnessing

Bengaluru: The Indian fintech sector raised $1.9 billion in 2024, keeping its position as one of the top three globally-funded fintech ecosystems last year, behind the US and the UK, a report showed on Monday. The third quarter (Q3) stood out as the highest-funded quarter of the year, with $805 million raised — a 61