Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last…
Category: Business
Adani Group stated on Monday that it has raised $250 million in three-year debt from Standard Chartered Bank and Barclays Bank for capital expenditure at six airports managed through a public-private partnership. According to the firm, the consortium has the…
Zomato, an online meal delivery service, stated on Friday that it will serve 100 percent plastic-free orders starting in April 2022, to deliver more than 10 crore items in sustainable packaging over the next three years. Zomato Founder and CEO…
Mortgage lender HDFC Ltd has entered into a binding agreement to sell a 10 percent stake in HDFC Capital Advisors Ltd to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. HDFC Capital is a wholly-owned subsidiary…
Tata Motors on Tuesday said its total domestic sales increased by 27 percent year-on-year to 73,875 units in February. The company had dispatched 58,366 units in February 2021. The auto major said its passenger vehicle sales in the domestic market…
Bharti Airtel on Thursday announced that it has acquired a strategic stake in Singapore-based Blockchain platform Aqilliz for an undisclosed sum. Airtel aims to deploy Aqilliz’s Blockchain technologies at scale across its fast-growing tech (Airtel Ads), digital entertainment (Wynk Music & Airtel Xstream) and digital…
Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel…
South Korea’s Hyundai Motor faced calls on Monday for a boycott of its cars from Indians incensed over a tweet from the account of its Pakistan partner that expressed solidarity for the people of the disputed territory of Kashmir. The…
Telecom gear maker Nokia on Thursday reported a 15 per cent decline in India sales to 250 million euro (about Rs 2,113 crore) in the December 2021 quarter. The company had recorded net sales of 294 million euro a year ago. For…
Online supermarket player BigBasket announced that it has expanded its pan-India coverage in the last one year, and is now delivering in 18 new Tier-2 and 3 cities. The company records over 7 million customers orders per month and the demand has…