PE/VC investments decline by a third to $54.2 billion in 2022: Report
NEW DELHI: Investments by private equity and venture capital funds declined by nearly a third to USD 54.2 billion in 2022, which was characterised by a ‘funding winter’ after consecutive years of surge. Even after the decline, the year was the second best for India in terms of bets taken by such long term investors […]
India’s forex kitty rises by $1.727 billion to $573.727 billion: RBI data
NEW DELHI: India’s forex reserves increased by USD 1.727 billion to USD 573.727 billion in the week ended January 20, the Reserve Bank of India (RBI) said on Friday. This is the second consecutive week of a rise in the kitty after the USD 10.417 billion jump to USD 572 billion during the preceding week. […]
Indian Rupee closes at 81.53 against US dollar amid heavy selling pressure
NEW DELHI: The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign […]
Tata Motors to hike prices of passenger vehicles by 1.2% from February
NEW DELHI: Tata Motors on Friday said it will increase prices of its internal combustion engine-powered passenger vehicle range by 1.2 per cent on a weighted average basis from February 1. The company has been absorbing a significant portion of the increased costs on account of regulatory changes and a rise in overall input costs, […]
DLF plans to launch in February Rs 7500 crore worth premium housing project in Gurugram
NEW DELHI: Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments. The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief […]
Indian economy yet to revive from effects of Covid-19 pandemic: CPI(M)
NEW DELHI: Ahead of the Union Budget, the CPI(M) has alleged the Indian economy is yet to revive from the blow it was dealt with during the Covid pandemic and blamed the government for the way it was handled. The party demanded that taxation and public expenditure be used to tilt distribution in the favour […]
Rishabh Siroya elected as President of NAREDCO NEXTGEN committee
NEW DELHI: Rishabh Siroya, Founder, Siroya Corp, the leading realty group headquartered in Mumbai, has been unanimously elected as the new President of NAREDCO West (National Real Estate Development Council) NEXTGEN- the youth wing of the prestigious realtors’ body today. Commenting on his new role, Rishabh said, “Greatly honored and humbled by the confidence shown […]