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Rapido raises USD 180 mn in funding round led by Swiggy

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 Bike taxi platform Rapido on Friday said it has raised USD 180 million (over Rs 1,370 crore) in a Series D round of funding led by new investor Swiggy. The round also saw investment from TVS Motor Company, along with existing investors Westbridge, Shell Ventures and Nexus Ventures, the company said in a statement. The funds would be used to bolster technology, amplify and strengthen teams across diverse sets of capabilities, and increase overall supply to create an enhanced consumer experience across a larger audience base in metros, tier I,…

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NEWS CATEGORIES WORLD NEWS 

US, Russia clash over cause of food price rises

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The U.S. ambassador to the United Nations accused Russia on Thursday of making the precarious food situation in Yemen and elsewhere even worse by invading Ukraine, calling it just another grim example of the ripple effect Russia’s unprovoked, unjust, unconscionable war is having on the world’s most vulnerable. Linda Thomas-Greenfield told a U.N. Security Council meeting on war-torn Yemen that the World Food Program identified the Arab world’s poorest nation as one of the countries most affected by wheat price increases and lack of imports from Ukraine. Russia’s deputy U.N.…

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NATIONAL NEWS NEWS CATEGORIES 

India to get record number of doctors in next 10 years due to govt push for medical education: PM

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Prime Minister Narendra Modi on Friday said the country will get a record number of doctors in the next 10 years due to the central government’s policy of establishing at least one medical college in every district. Speaking after dedicating to the nation a 200-bed K K Patel Mutli-speciality Hospital in Bhuj in Gujarat’s Kutch district via video-conferencing, he said coronavirus is still lurking and people should not take it easy and be watchful. The modern health facility is the first charitable multi-speciality hospital in the Kutch region and it…

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BUSINESS NEWS CATEGORIES 

Sensex tumbles over 470 points in early trade tracking weak global trends

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Benchmark indices continued to decline on Tuesday, with the Sensex tumbling over 470 points in early trade, as weak trends in global markets and foreign fund outflows weighed on investor sentiment. The Sensex was trading 470.59 points lower at 58,493.98 in early trade. The Nifty declined 137.7 points to 17,537.25. From the 30-share pack, Tata Steel, State Bank of India, Bajaj Finserv, IndusInd Bank, Larsen & Toubro, Tech Mahindra and Wipro were among the early laggards. In contrast, Maruti Suzuki, HDFC and Kotak Mahindra Bank were the only gainers. “Market…

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NATIONAL NEWS NEWS CATEGORIES 

Govt making sincere efforts to bring positive changes in people’s lives: PM

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Prime Minister Narendra Modi said on Tuesday that his government is committed to the goal of providing houses to every needy family, asserting it is making sincere efforts to bring positive changes in the lives of citizens through various welfare schemes. Modi wrote this in his reply to a beneficiary of the ‘Pradhan Mantri Awas Yojana’, saying happiness of getting your own roof and house is priceless. The beneficiary, Sudhir Kumar Jain of Sagar district in Madhya Pradesh, in a letter to Modi had described the housing scheme as a…

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NEWS CATEGORIES WORLD NEWS 

India, US to restart commercial dialogue, CEO forum later this year: Blinken

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India and the US are restarting their bilateral commercial dialogue and the CEO’s forum later this year to deepen their bilateral trade and investment relationship, US Secretary of State Antony Blinken has announced. Blinken made this announcement at a joint news conference with Defence Secretary Lloyd Austin along with their Indian counterparts –External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh after the 2+2 Ministerial here on Monday. During the 2+2 Ministerial, the two sides discussed their goal of driving inclusive economic growth in the two countries and across…

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ENTERTAINMENT NEWS CATEGORIES 

B’wood filmmakers haven’t attempted to release pan India films: Ajay Devgn on south vs north cinema

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Commenting on the rising popularity of south films in the Bollywood-ruled north India, superstar Ajay Devgn on Monday said the reason behind the success of the non-Hindi movies here is the pan India promotional strategy. When asked that southern audiences are yet to warm up to the films from the north, Devgn said, “It’s nothing like that.” The 53-year-old actor-director, who recently featured in a pivotal role in the pan India blockbuster “RRR”, said filmmakers from the south plan the script of their films to reach out to audiences beyond…

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LEGAL NEWS NEWS CATEGORIES 

Delhi HC seeks response from KV on PIL for special instructors for students with disabilities

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The Delhi High Court on Monday sought a response from the Kendriya Vidyalaya Sangathan (KVS) on public interest litigation seeking the appointment of special educators for students with disabilities studying in its schools. A bench headed by Acting Chief Justice Vipin Sanghi issued notice on the petition by NGO Social Jurist and asked KVS to file an affidavit disclosing the particulars and details concerning the special auditors appointed by it for its schools. The bench, also comprising Justice Navin Chawla, further asked KVS to state if there are KVs where…

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BUSINESS NEWS CATEGORIES 

Sensex plunges nearly 483 pts on sell-off in IT, banking stocks

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Benchmark BSE Sensex tumbled by nearly 483 points on Monday due to selling in IT, capital goods and banking shares following losses in global equities on worries over high-interest rates. The 30-share index tanked 482.61 points or 0.81 per cent to close at 58,964.57 with 23 of its constituents closing in the red. During the day, it tumbled 552.78 points or 0.92 per cent to 58,894.40. The 50-issue Nifty of the National Stock Exchange declined by 109.40 points or 0.62 per cent to finish at 17,674.95 as 29 of its…

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NEWS CATEGORIES WORLD NEWS 

Shehbaz Sharif elected as new Prime Minister of Pakistan

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Shehbaz Sharif, the Pakistan Muslim League-Nawaz (PML-N) president, was elected unopposed as the new Prime Minister of Pakistan by Parliament on Monday after rival candidate Shah Mahmood Qureshi announced that his Pakistan Tehreek-e-Insaf party will boycott the voting and staged a walkout. Shehbaz, 70, was the only candidate left in the race after Qureshi’s boycott of the election in the National Assembly. In the House of 342, the winning candidate should get support of at least 172 lawmakers. Shehbaz, the younger brother of former three-time prime minister Nawaz Sharif, received…

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