Curefoods logo (Image/X@the_curefoods) BENGALURU: Curefoods India, the multi-brand cloud kitchen operator promoted by Ankit Nagori, has raised about Rs 160 crore in a pre-IPO placement ahead of its planned listing. The company allotted about 1.3 crore equity shares at Rs 124 apiece to 3State Ventures, the investment arm of Flipkart co-founder Binny Bansal.The placement, cleared […]
US stocks: Wall Street inches higher after pharma tariff announcements; Dow over 300 points, S&P jumps 0.5%
US stocks were trading in green on Friday, buoyed by a combination of factors including renewed hopes for more rate cuts and US President Donald Trump’s announcing new tariffs, including a 100% import tax on foreign-made pharmaceutical drugs, starting next week. Dow Jones soared 369 points or 0.8% to reach 46,316 while Nasdaq jumped 71 […]
India’s ‘swadeshi’ milestone: PM Modi to launch BSNL’s indigenous 4G network, commission 97,000 mobile towers— What we know
PM Modi to launch 4G ‘network stack’ on Saturday (File photo) NEW DELHI: Prime Minister Narendra Modi will launch BSNL’s Swadeshi 4G ‘network stack’ on September 27, making India one of the few countries that manufacture their own telecom equipment, alongside Denmark, Sweden, South Korea, and China.This launch is a major milestone for India’s telecom […]
‘Examining impact’: India’s first response to 100% pharma tariffs by US; concerned ministries ‘monitoring matter’
Randhir Jaiswal (File photo) NEW DELHI: India on Friday issued its first official response to reports that US President Donald Trump announcing imposition of tariffs of up to 100 per cent on imports of branded and patented pharmaceutical drugs from October 1.During the weekly briefing, MEA’s official spokesperson Randhir Jaiswal said, “We saw a notice […]
Lollapalooza effect! India’s consumption spending set to soar: Policy trifecta of GST, tax, and rate cuts to fuel Rs 3 lakh crore surge
India is poised for a significant boost in consumer spending as GST rate reductions come into effect from Navratri, alongside income tax relief and lower interest rates from the RBI.Analysts are calling this a “Lollapalooza effect”, a rare policy combination expected to create a multiplier impact across consumption-linked sectors, influence spending habits, and generate opportunities […]
India-US trade deal: Commerce Ministry shares update on Piyush Goyal’s visit; says aim to ‘achieve early conclusion’
A delegation headed by Piyush Goyal conducted an official visit to the US from September 22-24, 2025. (AI image) India-US trade deal talks: India and the US have decided to continue working towards an early conclusion to the trade agreement, according to a statement by the Ministry of Commerce & Industry.Sharing an update on Commerce […]
Reducing Russian crude imports: India wants US to allow oil from Iran, Venezuela; 25% penal tariffs in focus
Since the Russia-Ukraine conflict began in 2022, India has significantly increased its crude oil imports from Russia. (AI image) India, faced with 25% additional penal tariffs for its crude trade with Russia, has reportedly asked the US to allow oil imports from Iran and Venezuela.Following international sanctions due to the Ukraine conflict, Russia began offering […]
Indian Railways revises contract conditions: Introduces localisation, price variation clauses; compliance with GST norms in focus
Indian Railways has revised its standard conditions of contract for tenders, introducing localisation and price variation clauses while emphasizing maintenance during contract execution, officials said. The changes aim to make procurement more flexible and reduce litigation.“Contractors can replace faulty or rejected goods within 60 days of being informed of defects. They had just 21 days […]
Unclaimed money in mutual funds shot up 20% in 2024-25: Over Rs 3,400 crore of unclaimed dividend, redemptions lying with MFs, says SEBI
This growing pile of unclaimed wealth reflects not just investor negligence but also structural issues that need attention. Unclaimed money in mutual funds has touched worrying levels. According to the Sebi annual report, dividends and redemption proceeds lying unclaimed with mutual fund houses shot up to Rs 3,452 crore in 2024-25, up 20% from Rs […]
Gold price prediction: What’s the outlook for September 26, 2025? Why a ‘sell on rise’ strategy makes sense
Gold’s intraday structure favors a sell-on-rise strategy as the EMA crossover, MACD positioning, and Bollinger resistance suggest limited upside. (AI image) Gold price prediction today: In today’s technical set-up gold prices signal a sell on rise strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold […]