Plum gets ₹193 crore from Peak XV
The fundraising marks a significant milestone following Plum’s first full year of earnings before interest, taxes, depreciation and amortization (Ebitda) and cash flow profitability, as the company expands its platform across insurance, healthcare and employee wellness sectors. Plume will use the new capital to invest in talent, technology, enterprise-grade security, AI-powered claims operations, and deeper…
Rupee reaches new low against dollar
The rupee hit a new low on a day when domestic stock markets rose and crude oil prices fell amid hopes of easing conflict in West Asia. Dealers attributed this to dollar demand linked to maturing non-deliverable forwards (NDFs) and month-end purchases. On Wednesday, the rupee closed at a new low of 93.98 per dollar…
Liquid Calories: How to Juice, S
You may be watching what you eat, counting calories, and choosing healthy foods, yet the scale refuses to budge. Doctors say the missing piece could be what you drink. From fruit juices and smoothies to protein shakes and sugary beverages, liquid calories often fly under the radar, and quietly add up, affecting metabolism, weight, and…
Government may bring merger proposal!
The Railway Ministry holds majority stake in both Rail Vikas Nigam (72.8 percent), IRCON International (65.17 percent), and the combined market capitalization of the two companies is about ₹65,000 crore. Following reports earlier this month that a merger was on the table, both companies had informed the stock exchanges that they had not been informed…
How is the shadow fleet capita
December 2022 Strategy, originally named Melodiya and sailing under Marshall Islands The flag is part of the crude oil export fleet from russia June 2023 The ship’s name has been changed li bai and changes its flag To panama 2024 It calls on Russian ports where oil consistently breaches $60 price range January 2025 The…
Soft landing for aviation insu
He said reinsurers are offering about 10-12 per cent discount on premium across all segments in the aviation market. It said, amid the ongoing geopolitical tensions in West Asia, reinsurers have become cautious and have started imposing stringent underwriting conditions, including approval for flight schedules, strict regulatory compliance and operational restrictions such as limited ground…
Iran increases conflict risks, and
Home executive interview Iran conflict creates risks and opportunities for Egypt: CIB CEO Hisham Ezz Al-Arab As the regional conflict involving Iran intensifies and shipping through the Strait of Hormuz comes to a near halt, Middle East business leaders are considering both the risks and potential opportunities. Hisham as al-Arab suggests that some oil shipments…
RBI is in talks with the central bank
This is expected to significantly reduce the cost of remittances and checks currently imposed at various levels on cross-border transactions, making them economical, efficient and faster, sources said. He said this is particularly important for India, which sees massive remittance inflows, where costs can be reduced significantly. India is the leading recipient of inward remittances….
High growth is not translated
Jayati Ghosh, an economics professor at the University of Massachusetts Amherst, said India’s recent economic growth has not translated into meaningful job creation. He said the country’s development pattern has generated an unusual combination of high growth with weak job creation. “If you are growing at six to eight per cent in the long run,…
Kuwait opens oil gates as probe
Kuwait’s economic outlook is increasingly being affected due to increasing tensions in the Gulf. In recent weeks, the broader conflict between Iran, the US and Israel has spread to the region, with drone strikes and other military incidents in Kuwait killing at least 10 people and tightening security around key infrastructure. Brent crude has also…
