MUMBAI: Fintech Razorpay has filed draft IPO papers with markets regulator Sebi through the confidential route, said people familiar with the matter, joining startup peers Zepto and Prism which are headed to Dalal Street for public listings. The Y Combinator and Peak XV Partners-backed company is seeking to raise up to Rs 6,000 crore through…
MUMBAI: Four businesses of the Vedanta group, demerged from its flagship Vedanta Ltd—aluminium, oil & gas, iron & steel, and power—were listed on the bourses on Monday, which unlocked market value worth a little over Rs 50,000 crore. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power, all part of Vedanta…
Mercedes-Benz is set to take a fresh 1-2% price hike in India to cope with exchange rate volatility and broader war-related cost pressures even as it is pushing a new variant of its top-end S-class model into the market to widen choice for consumers amid slow EV adoption.The company has taken a total of up…
MUMBAI: Reserve Bank of India has finalised its consumer protection framework under responsible business conduct guidelines, tightening rules on mis-selling, deceptive digital practices & unauthorised bundling, and shifting to a prescriptive regime.The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture…
BENGALURU: Homegrown AI startup Sarvam has raised $234 million in a funding round led by HCLTech and Bessemer Venture Partners, catapulting its valuation to $1.5 billion and making it one of India’s newest AI unicorns.The round also saw participation from existing investors Khosla Ventures and Peak XV Partners. As part of the transaction, HCLTech invested…
NEW DELHI: Goods exports rose 18% in May to a record $45.2 billion, driven by higher oil prices and restoration in supply chains and shipments to West Asia near last year’s level. With imports rising 20.5% to a seven-month high of $73.4 billion, trade deficit widened to $28.2 billion in May.“We have carried forward the…
MUMBAI: India’s balance of payments swung from a surplus of $0.5 billion in April 2025 to a deficit of $ 6.6 billion in April 2026, even as the current account moved into surplus during the period. The current account recorded a surplus of $4.7 billion in April 2026 compared with a deficit of $4.8 billion…
India’s silver imports slumped to their lowest level in more than three years in May after the government tightened restrictions on imports of the precious metal and raised duties, according to official data, reported Reuters.Imports fell 87% year-on-year to $75.57 million in May from $566.22 million a year earlier, data compiled by the Ministry of…
New Delhi: Minister for new and renewable energy Pralhad Joshi on Monday launched WT-MARUT, the country’s first dedicated digital platform for managing the wind energy supply chain. The portal is expected to strengthen India’s domestic wind manufacturing ecosystem and support the country’s clean energy expansion.The platform will facilitate end-to-end tracking of wind energy components, from…
The government will sell up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale (OFS) at a floor price of Rs 352 per share, with the issue opening for institutional investors on Tuesday (June 16).Retail investors will be able to bid on Wednesday under the two-day OFS, reported…
