Swiggy Aims for Operational Profitability by December 2025
Swiggy, India's leading food delivery and quick commerce platform, aims to achieve operational profitability by December 2025. The company's net losses have narrowed, and revenue f...
Business News
Dollar Stabilizes Amid Fed Rate Cut Speculation; Won Recovers After Martial Law Reversal
The U.S. dollar recovers from a three-week low against the yen as traders ponder a Federal Reserve interest-rate cut. South Korea's won stabilizes after a martial law reversal, whi...
Sebi Orders Trafiksol to Refund IPO Funds Amid Fraud Allegations
Sebi has directed Trafiksol ITS Technologies to refund the Rs 44.9 crore paid by investors in its IPO, citing fraud. The Bombay Stock Exchange will oversee the refund process, whic...
Qatar's $1.3 Billion Bet on British Climate Technology
Qatar is investing 1 billion pounds ($1.3 billion) in UK climate technology, aiming to create thousands of jobs and establish climate technology hubs. Rolls-Royce is set to benefit...
Bank Credit Growth Drops to 11% Amid Economic Slowdown
Bank credit growth has slowed to 11.1% as of November 15, 2024, compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% vers...
New Cess on Sin Goods: Potential 35% Tax Hike Looms
The Indian government is considering a new 35% special rate of GST on sin goods, such as tobacco, cigarettes, and soft drinks, as a starting point for the post-compensation cess er...
UK Regulator to Investigate BlackRock's $3.2 Billion Acquisition of Preqin
The UK's Competition and Markets Authority is launching an inquiry into BlackRock's acquisition of Preqin, examining whether the deal could result in a substantial lessening of com...
AT&T Announces Massive $10 Billion Share Buyback Plan
AT&T Inc. has announced a $10 billion common stock repurchase scheme, aiming to complete the buyback by the end of 2026. The company also envisions another $10 billion of share buy...
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