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Fitch raises India's growth estimates for FY25 to 7.2%
Fitch Ratings on Tuesday raised India's growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment
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India’s Oyo, valued at $10B, finalizes new funding at $2.5B valuation
Oyo, the Indian budget-hotel chain startup, is finalizing a fresh fundraise of about $100 million to $125 million that slashes its valuation to $2.5 billion, two people familiar with the matter told TechCrunch.
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Zomato in talks to buy Paytm's movies, events biz for Rs 1,500-cr
Following the announcement of its Q4 FY24 results, Zomato stated that Blinkit plans to expand its store footprint to 1,000 by the end of FY25, up from 526 stores as of March 31, 2024, with 75 stores added in Q4.
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IndiGo to receive compensation from Pratt & Whitney for engine issues
In July last year, Pratt & Whitney reported that a rare powder metal defect could cause cracking in some engine components of the twin-engined Airbus A320neo, necessitating accelerated inspections
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Hyundai Motor India to shortly file for country’s largest IPO
South Korean auto giant Hyundai Motor Co's Indian arm Hyundai Motor India Limited is gearing up to file draft papers shortly with market regulator Sebi to raise around $3bn via an initial public offer ( IPO)
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Retail inflation eases to 12-month low of 4.75% in May
India’s headline retail inflation eased to the lowest in a year at 4.75 percent in May 2024, data released by the statistics and programme implementation ministry on June 12 showed
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Suraksha Group infuses Rs 125 cr in Jaypee Infratech
The Suraksha Group has infused Rs 125 crore equity fund in Jaypee Infratech Ltd, which it has acquired through insolvency process, as part of its resolution plan to settle banks' dues and complete around 20,000 unfinished flats in Delhi NCR
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