Flipkart shifts base to India, moves a step closer to IPO

MUMBAI: Flipkart has shifted its domicile to India from Singapore, a move that will speed up the firm’s IPO preparations as it gears up for a debut on the exchanges…

Reliance buys beauty brand Pahadi Local

MUMBAI: Reliance Retail has acquired beauty and wellness brand Pahadi Local along with other business assets from Pahadi Goodness, it said Monday. Founded in 2018, Pahadi Local produces Himalayan-inspired personal…

Sebi chief urges calm amid global turbulence

MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday urged the investing community to not panic in the current volatile geopolitical situation even as markets have been sliding and said that…

‘Will remove some oil sanctions’: Donald Trump as crude prices soar amid Iran war

US President Donald Trump on Tuesday said that he would remove “some oil sanctions” to reduce the soaring prices as the crude cost hit $100 a barrel amid Iran war.“We’re…

Middle East crisis: Oil tops $100, nears 4-year high as Saudis cut production

Oil prices surged to $120 a barrel before retreating to $102 Monday as Saudi Arabia was reported to be cutting output, adding to the supply squeeze due to disruption in…

Warburg to list housing finance company purchased from Shriram

Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public…

Government working to ‘optimise’ gas supply as Gulf war hits LNG flow

NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as…

Karnataka suspends online sale of Mysore silk saris as orders surge

BENGALURU: Karnataka govt has suspended online sales of Mysore silk saris after surging orders outstripped supply of the GI-tagged weave made with pure mulberry silk, gold zari and silver threads.…

Government asks refineries to boost LPG for homes amid Middle East crisis

NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical…

India rules out releasing strategic oil reserves after IEA calls to cool prices

India will not participate in the International Energy Agency’s (IEA) proposal to release strategic petroleum reserves to stabilise global oil markets, government sources said on Monday, even as crude prices…