New Delhi: Govt has indicated to exporters that Shipping Corporation of India (SCI) may run container ships to West Asia to help them tide over the problem of high freight costs.Responding to complaints over high input and freight costs, commerce and industry minister Piyush Goyal is said to have conveyed SCI’s plan during a meeting…
Mumbai: The rupee touched a low of 94.57 per dollar on Tuesday, its weakest level since March 30, before closing at 94.54, down 35 paise on the day. The currency’s losses were contained by dollar sales from state-run banks, most likely on behalf of RBI. Meanwhile, sensex settled 0.5% lower at 76,887 while Nifty declined…
New Delhi: Two days before revision of jet fuel (ATF) prices, the airline industry has sent an “SoS” to the Centre, seeking its “urgent intervention” on fuel pricing.While commercial carriers had won a reprieve last month on ATF (aviation turbine fuel) prices, with the hike in base price for domestic flights capped at 25% and…
Virat Kohli and Babar Azam (Image: Screengrab/X) Virat Kohli recently became the first player to complete 9,000 runs in the IPL, achieving the milestone during a match against Delhi Capitals. This feat not only makes him the highest run-scorer in the league but also places him at the top among players with the most runs…
Bengaluru: Snabbit has raised $56 million as it looks to consolidate its position in India’s fast-growing on-demand home services market. The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments. The funding values the startup at about $390 million, sources told TOI. Founder and CEO Aayush Agarwal declined to…
Manu Bhaker and Vaibhav Sooryavanshi NEW DELHI: Two-time Olympic medallist Manu Bhaker marked a major milestone in her career on Tuesday, celebrating 10 years in competitive shooting with an emotional reflection on social media. The 24-year-old, who clinched bronze medals in the 2024 Paris Olympics, looked back on the highs, setbacks and lessons that shaped…
New Delhi: India’s mobile app market crossed a major monetisation milestone in the first quarter of 2026, with total revenue surpassing $300 million (around Rs 2,500 crore), marking a 33% year-on-year increase, according to a Sensor Tower report. In Q1 2025, total revenue was roughly $225 million.The market recorded 6.2 billion downloads during the quarter,…
Airtel Africa’s initial public offering of its mobile money business could raise between $1.5 billion and $2 billion, according to people familiar with the matter.London is now the most likely location for the listing of Airtel Money, the people said, asking not be identified as the information is still private. An exchange in the UAE…
New Delhi: Maruti Suzuki had a record year in 2025-26 in terms of revenue and sales, but rising costs took a bite out of profits. The automaker posted consolidated revenue of over Rs 1.8 lakh crore, up 19.9% from the previous year, with total sales of 24.2 lakh vehicles. Net profit, however, barely moved –…
New Delhi: The Centre has revived the strategic sale of its stake in IDBI Bank, along with LIC’s stake a month after the two bids were rejected as they were way below the reserve price.Persons familiar with the discussions said a fresh valuation exercise is being undertaken, given that the bank has a small free…
