Licious plans to open 30 stores across India by year-end

Online meat and seafood start-up Licious is planning to open 30 stores across India by the end of the year. “Starting from Bengaluru, NCR, Mumbai as a first step will be followed by Chennai, Hyderabad, and Kolkata, confirms Abhay Hanjura, co-founder, Licious in an interview with CNBC-TV18‘s Storyboard.…

Delhivery IPO plans puts spotlight on logistic firm; TCI, Mahindra Logistics, Gati shares rally

The proposed initial public offering (IPO) by the Gurgaon-based logistics tech startup – Delhivery, has provided a much-needed fillip to the logistic services sector. Several companies namely, Blue Dart, Gati, and Gateway Distripark are witnessing increased investor interest following Delhivery’s plan to sell a…

Closing Bell: Sensex ends 178 points lower, Nifty below 15,700; banks, metal drag

Indian indices ended lower on Thursday, weighed by banks and financials after the US Federal Reserve pulled up the rate hike timeline to 2023 from 2024 earlier citing rising inflation. The Sensex ended 178 points lower at 52,323 while the Nifty fell 76 points to settle at 15,691. “Indian equities traded…

BMW starts European road tests of hydrogen fuel cell cars

The BMW Group has started to test vehicles that use a hydrogen fuel cell drivetrain, with the German automotive giant putting the technology through its paces “in everyday conditions on European roads.” In an announcement Wednesday, the firm explained prototypes of the BMW i Hydrogen NEXT would be tested…

FIR against yoga guru Ramdev for spreading ‘false information’ on allopathy

Police in Chhattisgarh’s Raipur have registered an FIR against yoga guru Ramdev for allegedly spreading ”false” information about the medicines being used by the medical fraternity for the treatment of COVID-19, police official said on Thursday. The case was filed on Wednesday night against Ramkrishna Yadav alias…

World Bank rejects El Salvador request for help on bitcoin implementation

The World Bank said on Wednesday it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks. ”We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes,” said a World Bank spokesperson via email. ”While…

Cryptocurrency Prices on June 17: Bitcoin declines as Fed signals rate hikes in 2023

The cryptocurrency market was trading in red on Thursday after US Federal Reserve officials maintained accommodative monetary policy on Wednesday. Bitcoin, the largest cryptocurrency, lost nearly 4 percent after the announcement, despite trading 3 percent higher earlier on Wednesday. The markets also continued to face…

‘India offers what innovators and investors need’: PM Modi at VivaTech Summit

Prime Minister Narendra Modi on Wednesday invited the world to invest in India based on the five pillars of – talent, market, capital, eco-system and culture of openness. Stating that India’s strides in the world of tech and start-up are well-known, he said the country is home to one of the world’s…

Govt simplifies registration process for MSMEs

The government has simplified the registration process for micro, small and medium enterprises and they will now only need to furnish PAN and Aadhaar to register, an official statement said on Tuesday. Announcing the measure, MSME minister Nitin Gadkari said that after getting registered, the MSME unit will be getting…

Jet fuel price increase by 2.8% to Rs 65,908 per kl in Delhi

The oil marketing companies (OMCs) hiked prices of air turbine fuel (ATF) by 2.8 percent. Accordingly, the price of aviation fuel in Delhi will be Rs 65,908.28 per kilo litre effective from today. This marks an increase of Rs 1,790 per kilo litre.Last month, the government had cut down the capacity for airlines to…