harshvirani 
Led by growing consumer preference for online shopping and strong internet penetration, India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 18.7 per cent, from $147.3 billion this year to $292.3 billion in 2028, according to a new report. The future of e-commerce payments in the country appears … Read more
Gold prices eased on Friday, but were on track for a second straight month of gains on rising bets of a Federal Reserve rate cut next month, while traders awaited key U.S. inflation data for additional guidance. Spot gold was down 0.3% at $2,513.99 per ounce as of 0333 GMT, but on track to have … Read more
Quick e-commerce platform Zepto on Friday said it has secured $340 million in a follow-on financing round, taking the company’s valuation to $5 billion after its previous fundraise in June. General Catalyst led the round, with Dragon Fund, and Epiq Capital joining as new investors. Existing investors such as StepStone, Lightspeed, DST, and Contrary also … Read more
New York-based Moody’s Ratings on Thursday raised its forecast for India’s GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in the economy. "Household consumption is poised to grow as headline inflation eases toward the RBI’s target. Indeed, … Read more
Indian Renewable Energy Development Agency Limited (IREDA) achieved a significant milestone on Thursday by securing its international credit rating which will help the government-owned financial company to secure funds from global markets at lower rates of interest. The International Credit Rating Agency, S&P Global Ratings Limited assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings … Read more
Indian shares are set to open at record highs on Friday, tracking gains in regional peers after U.S. economic data eased growth concerns, while investors await domestic quarterly growth data. The GIFT Nifty was trading at 25,283 as of 08:10 a.m. IST, indicating that the benchmark NSE Nifty 50 will open above its Thursday's record … Read more
Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst monthly performance in nine months, on the view that the Federal Reserve is all but certain to cut interest rates next month. The release of the U.S. core personal consumption expenditures (PCE) price … Read more
Prime Minister Narendra Modi on Friday is all set to lay the foundation of the Rs 76,000 crore Vadhvan Port, an ambitious project expected to play a game-changing role in transforming the economic landscape of Maharashtra as well as the country by generating employment opportunities and facilitating seamless movement of cargo. PM Modi will … Read more
Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October delivery expire on Friday and were unchanged at 0033 GMT. The more actively traded contract for November fell 7 cents or 0.09% to $78.75. U.S. West Texas … Read more
India's economic growth is expected to have slowed in the April-June quarter due to reduced government spending during the national elections and stalling consumption. A Reuters poll of 52 economists projected GDP growth of 6.9% year-on-year for the three months through June, the first quarter of India's 2024/25 fiscal year. That is below the central … Read more