BENGALURU: The quick commerce industry in India is projected to expand significantly, with HSBC forecasting 5,000-5,500 dark stores operational by fiscal year 2025-26. The sector is expected to achieve a gross order value ranging between $35 billion and $40 billion during the financial year 2027-28, as detailed in HSBC’s research findings.Major players such as Blinkit,…
MUMBAI: Macrotech Developers, the city-based real estate major that operates under the brand names ‘Lodha’ and ‘Lodha Group’ on Wednesday told the exchanges that they have filed a lawsuit against House of Abhinandan Lodha mainly to protect their brand names that were built over 40 years. Macrotech’s clarification to the bourses mentioned that House of…
SAN JOSE: South Korean tech company Samsung Electronics is readying for a giant leap in Artificial Intelligence (AI) functions with its premium smartphone models of Galaxy S25 series, which was launched on Wednesday. Aiming to regain ground in the Indian market after losing its numero uno position last year in face of stiff Chinese challenge…
MUMBAI: The rupee closed at 86.58 against the dollar, marginally weaker than the previous day’s 86.57, as early gains were erased due to a recovery in the dollar following tariff threats by US President Donald Trump. According to market sources, RBI likely intervened by selling dollars through public sector banks, while forward premiums dropped amid…
MUMBAI: Sebi is working on a ‘when listed’ concept for trading in shares of companies that are in the process of listing after the IPO bidding has closed and shares have been allotted.Currently, stocks of to-be listed companies are traded in the unofficial (grey) market. The Sebi move is aimed at neutralising the impact of…
NEW DELHI: Essar Renewables Ltd (ERL) has signed an MoU with the Maharashtra government envisaging an investment of Rs 8,000 crore in a mix of projects in the state, including developing 2 GW (gigawatts) of renewable energy capacity for its green mobility initiative.The MoU was signed at the WEF (World Economic Forum) in Davos, Switzerland,…
NEW DELHI: Air India has rolled out an Artificial Intelligence (AI)-driven feature eZ Booking whereby customers can complete their reservation on its website in fewer steps than currently available by just texting or talking to the AI Agent his detailed travel itinerary.Currently available exclusively for members of Maharaja Club, Air India’s loyalty programme, the innovation…
BENGALURU: Worldwide IT spending is expected to touch $5.6 trillion this year, an increase of 9.8% from last year, a forecast by Gartner showed.“While budgets for CIOs are increasing, a significant portion will merely offset price increases within their recurrent spending,” said John-David Lovelock of Gartner. “This means that, in 2025, nominal spending versus real…
BENGALURU: An emerging trend in India’s startup ecosystem is the rising number of founders stepping away from their ventures to start afresh. While reasons vary, they often stem from personal and professional challenges, including co-founder disagreements, dwindling passion for the original problem statement, time constraints, and intensifying market pressures.As the Indian startup ecosystem grapples with…
Budget 2025 income tax: According to government data, the new income tax regime has gained substantial acceptance. (AI image) Budget 2025 income tax expectations: Individual and salaried taxpayers want Finance Minister Nirmala Sitharaman to lower the personal tax rates, according to a Grant Thornton Bharat pre-budget survey for Budget 2025.The survey findings indicate that individual…
