Business News

Business

Jio Finance Ventures into Debt Market: A Strategic Move by Mukesh Ambani's Empire

Jio Finance, owned by Mukesh Ambani, is exploring its first venture into the local currency debt market through loans or bonds, aiming to onlend to industries. This move comes as R...

Business

December Sees a Significant Drop in Trade Deficit, Reaching a 3-Month Low

December's trade deficit hit a three-month low at $22 billion, with exports contracting by 1% to $38 billion and imports growing by 5% to $60 billion. Key factors include a drop in...

Business

Google-Backed ShareChat Announces Layoff of 30 Employees Amid Performance Review

ShareChat, a Google-backed regional content platform, has laid off 30 employees after a performance review, reducing its workforce to about 550. The company has seen a significant ...

Business

Global Energy Leaders to Converge at India Energy Week 2024 in New Delhi

The third edition of India Energy Week (IEW) will be held from Feb 11 to 14, 2024, in New Delhi, featuring over 20 foreign energy ministers and 90 CEOs from Fortune 500 energy comp...

Business

Household Savings Set for a Strong Comeback in H1 FY25 as Debt Burdens Lighten

Net household financial savings are expected to significantly rebound in H1 FY25, driven by a decrease in liabilities and an increase in gross financial savings. This positive tren...

Business

Aditya Birla Fashion Aims to Secure $500 Million in Funding Prior to Strategic Demerger

Aditya Birla Fashion and Retail (ABFRL) is preparing to raise $500 million through equity shares ahead of its vertical demerger. Significant investments from Pilani Investment and ...

Business

FMCG Giants Shift Focus to Rural Markets Amid Urban Slowdown

FMCG companies are shifting their focus towards rural markets due to faster consumption growth compared to urban areas. Strategies include expanding distribution networks and intro...

Business

Hero Moto's Bold Prediction: Electric Scooters to Dominate Half the Market by 2030

Hero MotoCorp forecasts that electric scooters will make up 50% of the market by 2030, amidst a competitive and rapidly evolving electric two-wheeler landscape. The company is inve...