Business

admin Business November 16, 2024

Swiggy CEO reveals he came up with idea of company for a college project, then

In the fast-paced and competitive world of Indian startups, it is rare for a company to grow as rapidly and achieve such prominence as Swiggy, the food delivery giant that has revolutionized the way millions of people across India access their meals. The company, which was founded in 2014 by

admin Business November 16, 2024

Jio again presses for parity in satcom spectrum pricing

Reliance Jio, India’s largest telecom operator, has once again raised concerns over the disparity in spectrum pricing between the telecommunications and satellite communication (satcom) sectors, calling for a level playing field. The issue of spectrum pricing for satcom has been a contentious topic for several years, with Jio and other

admin Business November 16, 2024

Gold set for worst week in 3 years as US dollar rallies

Gold, traditionally seen as a safe haven during times of uncertainty, has recently found itself under significant pressure, as it is set to experience its worst week in three years. The precious metal, which had been performing relatively well in 2023 amid geopolitical tensions, inflation concerns, and market volatility, has

admin Business November 16, 2024

Zepto’s cash burn zooms to Rs 250 crore a month on rising capex, closes Rs

Zepto, India’s rapidly growing quick commerce startup, is facing a significant cash burn, as it spends an estimated Rs 250 crore per month to expand its operations and build its market presence. This rising cash burn rate is primarily attributed to the company’s aggressive investments in capital expenditures (capex) and

admin 42.88 Cars November 16, 2024

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive

The Indian automotive industry recently celebrated a significant achievement, albeit with a slight sense of unmet expectations, as it wrapped up the festive season sales figures for 2024. While the target of 45 lakh vehicle sales during the festive period was missed, the industry still set a new record by

admin Artificial Intelligence November 16, 2024

‘Artificial General Intelligence Is Decades Away…’: Princeton Prof’s Big AI Prediction | HTLS 2024

At the 2024 Hindustan Times Leadership Summit (HTLS), one of the most highly anticipated sessions centered around the future of Artificial Intelligence (AI) and its impact on society. A notable highlight came when Professor Andrew Appel, a renowned computer science expert from Princeton University, made a bold prediction about the

admin Business November 16, 2024

FIIs are mostly done with selling in Indian markets, says Samir Arora of Helios

In a key statement reflecting the current mood in India’s stock markets, Samir Arora, the founder and fund manager of Helios Capital, recently remarked that Foreign Institutional Investors (FIIs) are “mostly done with selling” in Indian equities. His assertion provides significant insight into the shifting dynamics of foreign investment in

admin Business November 16, 2024

JioStar won’t limit itself to premium subscription model, says Uday Shankar

In a rapidly evolving digital entertainment landscape, JioStar, the ambitious over-the-top (OTT) platform launched by Reliance Jio, is making waves with its bold vision of transforming the way content is consumed in India. Uday Shankar, the newly appointed head of Jio’s media and entertainment vertical, recently shared crucial insights into

admin Business November 15, 2024

‘I am sorry, I have not changed my view…’: Narayana Murthy calls India’s transition to

Narayana Murthy, the co-founder of Infosys and one of India’s most respected business leaders, has been vocal about his concerns regarding the recent shift towards a 5-day workweek in India. His comments have sparked widespread discussion, especially given his prominent role in shaping India’s IT industry. Despite the growing global

admin Business November 15, 2024

Gold Prices At 2-Month Low: Why Are Bullion Rates Falling, What’s Next?

Gold, often seen as a safe haven investment during times of economic uncertainty, has recently seen a significant decline in its price, dropping to a two-month low. For investors, the drop in gold prices raises critical questions: Why are bullion rates falling, and what can we expect next for this