Food delivery app Swiggy on Wednesday launched a Rs 11,330-crore initial share sale, asking investors to take a pie of Indian middle class' rising propensity of online ordering. The company, which is present in over 650 cities and towns of the country, is launching the initial public offering (IPO) amid heightened concerns on urban demand slump, and the management stressed that it is unaffected by the broader trends in the economy. "We are also reading about it, but we are not seeing that yet in the business... So far, we have not seen the impact of demand on our business," its chief financial officer Rahul Bothra said.
In the second innings not only Shanto (82), top-order batters Zakir Hasan (35) and Shadman Islam (35) also got starts they failed to convert, resulting in a heavy defeat.
The Telugu Desam Party has decided not to contest the upcoming Lok Sabha polls in Telangana, and the beleaguered party is yet to take a call on whom to support in the state, though it is part of the NDA in the neighbouring Andhra Pradesh, a senior leader of the party said.
Adani Green Energy Ltd, the renewable energy arm of billionaire Gautam Adani's conglomerate, plans to raise $409 million through US dollar-denominated bonds to repay a debt obligation falling this year. In a regulatory filing, the company said the bond will have a door-to-door tenor of 18 years. The proceeds will be used to redeem the $500 million 6.25 per cent senior secured notes due 2024, it said adding these notes were issued on June 10, 2019.
Sourav Ganguly said senior batters Rohit Sharma and Virat Kohli should be part of the Indian team for this year's T20 World Cup.
The Supreme Court on Tuesday granted bail to activist Gautam Navlakha in the Elgar Parishad-Maoist links case.
'If you look at their squad, with Cameron Green coming in, they have their biggest headache sorted. The middle muddle is sorted. They will have to sort out their bowling.'
None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate's CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani's indictment on bribery charges in the US. In a post on X, Singh said the group would make a detailed comment on the US indictment once it gets counsel approvals.
Sanjay Dutt visited the Golden Temple in Amritsar with Uri Director Aditya Dhar, who's directing Dutt in his next. Accompanying them was a special guest.
The Monte Carlo Masters begins on Sunday. Nadal has won the event a record 11 times, with his last victory coming in 2018.
'As a contingency, pace-bowler Kyle Jamieson will also join the World Cup squad in India this week to train.'
The boy wanted to check whether it could be traced back to him or not, police said.
Food delivery major Zomato has received a Rs 401.7 crore show cause notice from the Directorate General of GST Intelligence (DGGI) over 'unpaid taxes' on delivery charges collected from customers, the company said in a regulatory filing late on Wednesday. The company claimed that it is not liable to pay the penalty for the period from October 29, 2019, to March 31, 2022, as the amount collected from customers is "on behalf of the delivery partners during the referred period."
rediffGURU Radheshyam Zanwar, founder of Zanwar Classes, prepares aspirants for competitive exams such as MHT-CET, IIT-JEE and NEET-UG.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
With Green out with injury, Bancroft's chances have brightened.
IOA also announced that Sindhu, India's only woman athlete to win back-to-back Olympic medals, will be the flag bearer of the Indian contingent during the opening ceremony on July 26, alongside ace table tennis player Achanta Sharath Kamal.
Results for the Class 12 Maharashtra state board examinations 2015 will be declared on May 27 at 1 pm. Get your result by visiting www.rediff.com/exams.
M&M was the biggest gainer in the Sensex chart, rising 6.51 per cent, followed by NTPC, PowerGrid, SBI, HDFC Bank, Asian Paints and Wipro. In contrast, Axis Bank, ITC, HUL, Nestle India and Sun Pharma were among the laggards.
Tendulkar's 200 Test and 463 ODI appearances are also the highest by any player in the history of the game.
Maternity expenses can be high, with the costs covering everything from prenatal visits to the hospital delivery charges and post-natal care but choosing the right maternity cover can help overcome these issues, says Bhaskar Nerurkar
IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.
Nestle, State Bank of India, Power Grid, Tata Steel, Larsen & Toubro and Mahindra & Mahindra were the other major gainers. In contrast, Tech Mahindra, Axis Bank and Reliance Industries were the laggards.
Naval assets take years to build, and therefore, not only is futuristic force planning essential, but indigenous projects must also be put into the pipeline, technologies developed and contracts for assets signed regularly so that the Indian Navy always remains a future-focussed force, asserts Vice Admiral Biswajit Dasgupta (retd).
Countries that raised concerns about the quality of Indian spices have called for urgent attention and action, Delhi-based think tank Global Trade Research Initiative (GTRI) said on Wednesday. The stakes are high since India exported spices worth about $692.5 million to the United States (US), Hong Kong, Singapore, Australia and Maldives in the financial year 2023-24 (FY24), it said. During FY24, India's spice exports were worth $4.25 billion, accounting for a 12 per cent share of the global spice exports.
'Hopefully, he will be back from his injuries soon. The priority will be the Champions Trophy, so we are going to make sure he is ready for that.'
Middle-order batter Hashmatullah Shahidi will lead the side.
A senior official attached with the Tambaram police commissionerate has been transferred and put under compulsory wait, days after the AR Rahman concert row that among others witnessed traffic snarls which even affected the movement of the Chief Minister's convoy.
Days after saying that there is no need for subsidies to achieve greater penetration of electric vehicles (EVs), Union Minister of Road Transport and Highways Nitin Gadkari on Monday clarified that the view is his own, but any official call on EV subsidies is not one that he can take.
The principal of a private school in Goa has been suspended after a right wing organisation filed a police complaint that some students of class 11 were allegedly taken to a mosque for a workshop and made to perform religious rituals there.
Shooter Bhowneesh Mendiratta's proposal for financial assistance towards a week-long training camp with foreign coach Daniele Di Spigno has also been approved.
The India-Sri Lanka game witnessed two cricket legends, Sachin Tendulkar and Muttiah Muralitharan, taking part in a short event during a drinks break in the second half of the match.
Benchmark equity indices Sensex and Nifty slumped over 1 per cent on Friday, tracking a weak trend in global markets and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93.
Storm Hunter and Elise Mertens picked up the Doubles Team of the Year award, China's Zheng Qinwen was named Most Improved Player while Russian Mirra Andreeva won Newcomer of the Year.
Australia trail 1-0 in the five-Test series against India after being thrashed in the Perth opener by 295 runs.
"The sale of tickets for the match will commence from 12 PM IST onwards on October 8th, 2023. Fans can purchase tickets by visiting the official ticketing website," the statement added.
From the Sensex pack, HCL Technologies, Infosys, Wipro, Bharti Airtel, Larsen & Toubro, Mahindra & Mahindra, Tata Consultancy Services and Asian Paints were the major gainers. Axis Bank, IndusInd Bank, Bajaj Finance, JSW Steel, State Bank of India and Tata Steel were among the major laggards.
DFC is the US government's development finance institution. Adani Ports and Special Economic Zone Limited (APSEZ) in a statement said that the US fund will support the development of deepwater shipping container terminal in the Port of Colombo.
Private sector lender Yes Bank on Saturday reported a 46.7 per cent growth in net profit to Rs 502 crore for the June 2024 quarter, helped by a reduction in provisions. The city-headquartered bank's core net interest income rose 12.2 per cent to Rs 2,000 crore. Its net interest margin stayed flat at 2.4 per cent.
Binura Fernando, Pramod Madushan, Dushan Hemantha back in Sri Lanka squad
