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Zomato, Swiggy hike platform fee to Rs 6 per order

Jul 15, 2024

New Delhi, July 15 (IANS) Food delivery platforms Zomato and Swiggy have once again hiked platform fee to Rs 6 per order from an earlier Rs 5 — a 20 per cent increase.Currently being charged in Delhi and Bengaluru, the platform fee is different from delivery fee, goods and services tax (GST), restaurant charges and handling charges.The higher…

Markets at uncomfortable levels – Book profits

Jul 14, 2024

New Delhi, July 14 (IANS) It was an action-packed week, with markets volatile but range-bound for the first four days. On Friday, it appeared that markets had taken steroids and gained sharply, making new highs on an intraday basis as well…

Business

Last decade saw Indian homebuyers’ wait for possession reduce to 4.9 years: Report

Jul 14, 2024

Mumbai, July 14 (IANS) The last decade has seen homebuyers' wait for possession in large under-construction projects in the top cities reduce to 4.9 years, from 6.1 years in the 2010-2019 period, a report showed on Sunday.The average time…

Business

India’s defence exports record over 30-fold quantum leap in last 10 years

Jul 14, 2024

New Delhi, July 14 (IANS) India’s defence exports have recorded a 30-fold quantum leap over the last 10 years from a mere Rs 686 crore in the financial year 2013-14 to a record Rs 21,083 crore in FY 2023-24, reflecting the global…

Business

Market outlook: Q1 results, FII inflow, monsoon updates key factors next week

Jul 14, 2024

Mumbai, July 14 (IANS) The Indian equity market experienced one of the best weeks of 2024, with the Nifty and Sensex reaching all-time highs of 24,592.20 and 80,893.51, respectively, before closing at 24,502.15 and 80,519.34. This marked…

Business

Indian realty sector saw over Rs 5,327 cr investment from domestic investors in April-June

Jul 14, 2024

New Delhi, July 14 (IANS) Keeping up with the growth momentum in the Indian real estate industry, the domestic investors pumped in around $638 million (more than Rs 5,327 crore) in the real estate sector in the second quarter this year,…

Business

Apple approves first PC emulator for iOS to run classic games

Jul 14, 2024

New Delhi, July 14 (IANS) Tech giant Apple has approved the first PC emulator for the iOS ecosystem to run classic software and games.The iPhone maker approved ‘UTM SE’ after initially rejecting and banning it from being notarised for…

Business

‘FPI community to play key role in positioning India as 3rd largest economy’

Jul 13, 2024

New Delhi, July 13 (IANS) The net foreign portfolio investor (FPI) inflows turned green this month, both in the equity and debt segment, and as India enters 'Amritkaal', the FPI community will play a major role in positioning it as the…

Business

Hyundai Motor union secures wage deal without strike for 6th consecutive year

Jul 13, 2024

Seoul, July 13 (IANS) Hyundai Motor’s labour and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company's history.The union said on Saturday its…

Business

Mutual funds raise Rs 14,370 crore via new fund offers in June

Jul 13, 2024

Mumbai, July 13 (IANS) Mutual fund industry witnessed strong inflow via new fund offers (NFOs) in June as 11 NFOs of different fund houses collected Rs 14,370 crore last month. It is the highest-ever inflow in new offerings. The previous…

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