This is a representational image (Pic credit: Reuters/IANS) NEW DELHI: An investigation by Competition Commission of India found food delivery giants Zomato and Swiggy breached antitrust laws, with their business practices favouring select restaurants listed on their platforms, documents show.Zomato entered into “exclusivity contracts” with partners in return for lower commissions, while Swiggy guaranteed business…
Insurance Regulatory and Development Authority (IRDAI) chairman Debashish Panda (Pic credit: PTI) MUMBAI: Insurance regulator Irdai’s chief has made a case for increasing foreign direct investment in the insurance industry to 100% to achieve the goal of ‘insurance for all’ by 2047.“Perhaps it’s time to open up for 100% FDI so more players who want…
NEW DELHI: Air India will now have the option to take an alternative flight departing up to 12 hours before their originally booked flight, provided the departure dates of both flights is scheduled on the same date. This “fly prior” is complimentary for gold and platinum members of Air India’s Flying Returns loyalty programme. All…
India’s forex reserves decline for fifth week (Picture credit: ANI) NEW DELHI: India’s foreign exchange reserves fell for the fifth consecutive week after reaching an all-time high last month.In the week ending November 1, forex reserves declined by $2.675 billion to $682.130 billion, according to data released by the Reserve Bank of India (RBI) on…
NEW DELHI: India’s decision to purchase Russian oil during global market instability helped avert potential global price surges, according to Union petroleum and natural gas minister Hardeep Singh Puri.In a conversation with CNN’s Becky Anderson at ADIPEC in Abu Dhabi on Thursday, Puri said that global oil prices could have reached 200 dollars had India…
NEW DELHI: Global geopolitical unrest, particularly the ongoing conflict in the Middle East, has significantly impacted McDonald’s sales in West and South India, with some locations seeing sales fall to less than half of pre-crisis levels. “I don’t think a lot of stores which got impacted last year have come up to the level of…
The new scheme aims to provide loans of up to Rs 10 lakh for higher education in domestic institutions. (Image source: Freepik) PM Vidyalaxmi approved by Cabinet: Prime Minister Narendra Modi-led Cabinet on Wednesday approved the PM Vidyalaxmi scheme. The government has allocated Rs 3,600 crore for 2024-25 to 2030-31, aiming to assist 7 lakh…
India stands to potentially benefit from this situation, with improved prospects for Foreign Portfolio Investment. US election results: Republican candidate Donald Trump is projected to defeat Democrat candidate Kamala Harris in the US presidential elections, as per the latest counting trends. Indian equity markets have responded positively to Trump’s potential win. But what will the…
H-1B visas: Changes to immigration policies are anticipated regardless of the election outcome. US election results impact on H-1B visa holders: With counting of votes underway for the crucial US elections, Indians are closely monitoring potential changes to the H-1B visa program and its yearly 85,000-visa limit under either candidate’s – Donald Trump or Kamala…
Swiggy IPO: Investors can participate in the IPO until November 8. Swiggy IPO: Food delivery and quick commerce platform Swiggy’s IPO worth Rs 11,324 crore opens today. It consists of Rs 4,500 crore fresh issue and remaining as an offer for sale. Without a specific promoter, various institutional investors including Accel India, Apoletto Asia, Alpha…
