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Economy
Sequoia Capital aims to raise $2.25 bn amid funding winter
San Francisco/New Delhi: US-based investment firm Sequoia Capital is reportedly raising new funds worth $2.25 billion from potential VCs in the funding winter.
The firm is working on a new $1.5 billion US growth fund focused on more!-->…
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Ola Electric slips to 4th spot as EV registrations fall amid fire fears
New Delhi: As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to fourth place in the overall category.
Bhavish Aggarwal-run!-->…
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Google to pay $90 mn to developers to settle Play Store lawsuit
San Francisco: Google has reached a settlement over a lawsuit with a group of developers, where it will establish a $90 million fund to support developers in the US who earned $2 million or less in annual revenue through Google Play,!-->…
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To prevent oil flight, India imposes additional duty
Chennai: The Central government on Thursday announced a special additional excise duty on exports of crude, petrol, diesel, and aviation turbine fuel, but it will not have any impact on domestic prices.
The measure is taken to discourage!-->…
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GST flawed as 869 notifications, 143 circulars, 38 orders issued: Congress
New Delhi: The Congress on Friday demanded an all-party meeting on GST, alleging that the GST Council has been made dysfunctional and because of flaws, the government has to issue 869 notifications, 143 circulars, and 38 orders so far.!-->…
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If banks raise interest rates on FDs to 7.5-8%, there could be a flight from mutual funds
New Delhi: If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these products from mutual funds, Motilal Oswal Financial Services said in a report.
In a report on mutual funds, it noted that equity flows!-->…
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TII clarifies that its members moved from regular plastic wrapping to biodegradable wrapping on…
New Delh: The Tobacco Institute of India (TII), a body consulted by the government, Parliamentary committees, the chambers of commerce/trade associations and the media for information and policy recommendations on tobacco related issues,!-->…
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Bharat Road Network completes stake sale of 67km road project in Odisha to CDPQ
Kolkata: Bharat Road Network Limited (BRNL), one of India's leading road developers, has completed sale of its entire stake in Shree Jagannath Expressways Pvt Ltd (SJEPL) to India Highway Concession Trust, an infrastructure investment!-->…
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Import duty on gold increased, may not impact demand
Chennai: The increase in customs duty on gold will not have any major impact on the precious metal's demand or the price, said a top official of Madras Jewelers and Diamond Merchants Association.
The duty hike will also not result in any!-->…
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Indian EV makers hail industry-wide GST rate cut
New Delhi: Electric vehicle (EV) manufacturers on Friday hailed the GST Council's decision that EVs with or without battery pack will now be taxed at 5 per cent.
At present, e-vehicles are taxed at 5 per cent while lithium-ion batteries!-->…
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