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BlackSoil NBFC raises over Rs 200 crore debt in 1st half of 2024
Business

BlackSoil NBFC raises over Rs 200 crore debt in 1st half of 2024

Mumbai, July 19: Alternative credit platform BlackSoil NBFC, an arm of BlackSoil Group, on Friday, said that it raised Rs 208 crore debt in the first half of the year. Sixty per cent of this funding came from new debt investors, said the company. BlackSoil's total debt raise reached over Rs 1,570...
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel
Business

Consumption of natural gas rises by 7 pc in June as more Indians switch to green...

New Delhi, July 18: The consumption of natural gas in India went up 7.1 per cent in June to 5,594 million metric standard cubic metres (MMSCM), this year compared to the same month last year, as more households across the country are using the fuel for cooking; the demand is also rising in the urban...
Union Budget: Electronics players seek comprehensive support for local TV manufacturing
Business

Union Budget: Electronics players seek comprehensive support for local TV...

New Delhi, July 18: Electronics manufacturers on Thursday urged the government to prioritise comprehensive support for the local manufacturing of electronics, including the television industry, on the lines of mobile devices. While mobile phone manufacturing has benefited from numerous incentives,...
Indian realty sector saw 22 deals worth $1.8 billion in April-June: Report
Business

Indian realty sector saw 22 deals worth $1.8 billion in April-June: Report

New Delhi, July 18: The Indian realty sector saw 22 deals at $1.8 billion in the April-June quarter (Q2) in FY25, an uptick in both volume and value signalling a substantial inflow of investment into the sector, a report showed on Thursday.The quarter was characterised by the dominance of commercial...
Australia
Business

Australia's unemployment rate rises to 4.1 per cent

Canberra, July 18: Australia's unemployment rate rose slightly to 4.1 per cent in June from 4 per cent in May, official labour force figures published by the Australian Bureau of Statistics (ABS) showed on Thursday. The total number of employed Australians rose by 50,200 between May and June but was...
Rural consumption stocks will benefit from Budget 2024: Expert
Business

Rural consumption stocks will benefit from Budget 2024: Expert

New Delhi, July 18: The bull market scenario in Indian equity indices is going to end soon, said Chris Wood, Global Equity Strategist at Jefferies in a media report. Chris Wood said that in the last 10 years, the BJP led central government implemented several structural reforms, the fruits of which...
Insolvency proceedings initiated against Ed-Tech Byju’s
Business

Insolvency proceedings initiated against Ed-Tech Byju’s

Guwahati, July 16: A Rs 158 crore debt filed by the Board of Control for Cricket in India (BCCI) against the parent company of the ed-tech company Byju's was admitted by the National Company Law Tribunal (NCLT) in Bengaluru on Tuesday. The BCCI's plea was accepted this morning by a coram comprising...
Hardeep Puri hails ONGC
Business

Hardeep Puri hails ONGC's highest ever share surge

New Delhi, July 16; Union Minister for Petroleum and Gas, Hardeep Singh Puri, on Tuesday hailed the new achievement by the public sector upstream giant Oil and Natural Gas Corporation (ONGC) as its shares touched a record new high. ONGC's share price surged past Rs 323 a piece with a 5.18 per cent...
Stock markets open on a high, Adani Enterprises among top gainers
Business

Stock markets open on a high, Adani Enterprises among top gainers

Mumbai, July 16: The Indian benchmark indices once again opened on a positive note on Tuesday in the run up to a blockbuster budget next week. Adani Enterprises, Coal India, M&M, Bharti Airtel and Tata Steel were among major gainers on the Nifty in the opening trade. While Sensex opened more...
Homegrown Namma Yatri app raises $11 mn with Google as investor
Business

Homegrown Namma Yatri app raises $11 mn with Google as investor

Bengaluru, July 16: Community led mobility app Namma Yatri on Tuesday said it has raised $11 million (about Rs 92 crore) in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google and other investors. Moving Tech, the company behind community led mobility apps...
LinkedIn launches new video experience for professionals in India
Business

LinkedIn launches new video experience for professionals in India

New Delhi, July 16: Professional networking platform LinkedIn on Tuesday launched a new video experience in India, in a bid to tap into one of the fastest-growing markets with uploads growing 60 per cent year-on-year in the country. The platform currently has more than 130 million members in...
Singapore’s Temasek eyes $10 bn investment in resilient India
Business

Singapore’s Temasek eyes $10 bn investment in resilient India

New Delhi, July 16: As the Indian economy remains resilient on its way to become the world’s third-largest one sooner than expected, Singapore's sovereign wealth fund Temasek is aiming to invest an additional over Rs 83,000 crore (about $10 billion) in the country in the next three years.The...
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