Despite the RBI’s 50 bps repo rate cut and liquidity infusion, a significant portion of borrowers haven’t benefited due to reliance on MCLR-linked loans. MCLR remained unchanged at 9% in April, particularly affecting public sector borrowers. Banks’ deposit costs and…
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OYO is set to venture into the food and beverage sector, introducing in-house kitchens and ‘Townhouse Cafe’ QSR carts at 1,500 company-serviced hotels in FY2025-26. This initiative follows positive feedback from a pilot program across 100 hotels, aiming to boost…
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Indian software firm Zoho has paused its $700 million chip manufacturing plan. The company struggled to find a technology partner for the complex processes. This is a setback for India’s ambition to become a global chip hub. Billionaire Gautam Adani’s…
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Kolkata (West Bengal) [India], Exide Industries Ltd is pleased to announce the appointment of Manoj Kumar Agarwal to the position of Director – Finance & CFO, effective 1st May 2025. The decision was taken at the board meeting of Exide…
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The Enforcement Directorate (ED) will shift its focus toward violations under the Foreign Exchange Management Act (FEMA) in 2025, announced the agency’s Director Rahul Navin on Thursday.
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During the January-March quarter Blinkit added 294 dark stores taking the total count of these micro-warehouses from where 10-minute deliveries are made to 1,301. It aims to have 2,000 dark stores by December 2025. On an annualised basis, Blinkit’s GOV…
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