Category: Business
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UK Trade Commissioner’s Two-Day Visit to Kolkata
Kolkata: UK Trade Commissioner for South Asia, Harjinder Kang, will visit the city on December 10-11 to engage with leading industry stakeholders and reinforce his country’s commitment to deepening trade and investment ties with West Bengal. He will also celebrate the signing of the UK-India FTA with industry leaders and representatives at a reception hosted…
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Market Watch: MOFSL’s Arpit Beriwal Highlights Caution on IndiGo, DLF, and Indian Bank Shares
Arpit Beriwal, Manager – Derivatives Analyst (Equity Research) at Motilal Oswal Financial Services Ltd (MOFSL), shared his market outlook and stock-specific insights on Tuesday amid recent volatility in the benchmark Nifty50. Beriwal noted that while Nifty recorded a strong recovery last week, it started facing selling pressure from the 26,000 mark on Monday. “The critical…
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Blinkit CEO Warns of Impending Quick-Commerce Market Correction
India’s fast-growing quick-commerce sector is moving toward a period of correction as access to capital tightens and the limits of cash-burning driven expansion become clearer, according to Blinkit CEO Albinder Dhindsa, Bloomberg reported. Dhindsa, as quoted in the Bloomberg report, said the industry’s growth model, powered largely by continuous fundraising, is becoming unsustainable. Companies, he…
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Kings Infra Sets to Launch Unified Entity with Dual Divisions Strategy
Larsen & Toubro has approved the transfer of its Realty Business Undertaking to its wholly-owned subsidiary, L&T Realty Properties Ltd, through a slump-sale via a Scheme of Arrangement. This marks the first phase of a broader consolidation strategy aimed at placing all real estate assets under L&T Realty, creating a single, future-ready development arm capable…
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Sandeep Mina Joins Innoviti as Chief Business Officer for Retail
Innoviti Technologies, India’s leading payments-centric retail SaaS platform, today announced the appointment of Sandeep Mina as Chief Business Officer – Retail. He will lead the P&L of Innoviti’s genie and link business lines, driving business strategy, nationwide retail sales and distribution execution, and ecosystem partnerships. He brings over 20 years of experience in building and scaling high-velocity businesses at consumer organisations such as Swiggy, Dukaan, Hotstar/Star India, Coca Cola, and Marico. Prior to joining Innoviti he was the…
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Day 8 of IndiGo Crisis: Flight Cancellations and Current Airfare Details
IndiGo crisis enters its 8th consecutive day The ongoing operational crisis at IndiGo has now entered its eighth consecutive day, prompting continued investigations, government intervention, and efforts by the airline to stabilise its services. While the situation is showing gradual signs of improvement, widespread disruptions persist, with flight cancellations still affecting major cities across the…
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Blinkit CEO Warns of Impending Crisis in India’s Quick-Commerce Sector
India’s quick-commerce sector is hurtling towards a shakeout, Blinkit’s Chief Executive Officer Albinder Dhindsa said, while maintaining that his company would survive and thrive. Blinkit, part of Deepinder Goyal-led Eternal Ltd. that also includes Zomato, is yet unprofitable, despite its cash pile, as it keeps investing to enter new markets. (Reuters) The quick-commerce model, which…
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Will Gold Continue Its Ascent After Today’s Setback?
Gold prices were muted in early trade on Tuesday as investors stayed cautious ahead of the US Federal Reserve’s interest rate announcement. The policy decision, due on Wednesday, comes at a time when the American job market is slowing and inflation is still above the Fed’s 2% target. GOLD AND SILVER SLIP SLIGHTLY At 11.30…