Late-stage funding squeeze; ISRO opens up space
Happy Tuesday! India’s late-stage funding market is tightening, with investors writing smaller cheques and pushing for lower valuations. This and more in today’s ETtech Morning Dispatch.
Category: Business News & Economy
Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
India’s GDP data is back in the eye of a storm: here’s what to make of this economy tracker
The very complexity of GDP estimates exposes this yardstick to controversy. This statistical construct designed to measure the size of India’s economy should be used alongside other metrics to get a well-rounded picture of Indian well-being.
Oil will drop below ‘two dollars a gallon’ after US wins Iran war: Trump
In a post on his Truth Social platform, Trump linked high energy costs directly to ongoing military operations in the West Asia, asserting that post-war markets would stabilise rapidly
Iran hikes gasoline price for heavy consumers as economy struggles
Iran early Tuesday introduced a higher price for its heaviest users of gasoline, state media reported, in the latest economic pinch caused by months of war. It’s the second such hike since December. Such gas price increases can be sensitive and contribute to inflation. An increase in 2019 sparked nationwide protests and a crackdown that…
Flights to and from Jakarta resume after volcanic eruption forced closure
Flights to and from Indonesia’s capital Jakarta resumed early Tuesday after ash from a volcanic eruption forced a two-day closure that halted nearly 3,000 flights. Soekarno-Hatta International Airport and Halim Perdanakusuma Airport serving Jakarta, Husein Sastranegara Airport in West Java’s Bandung city and two smaller airports in Banten province reopened just after midnight, Transportation Minister…
IPO rush: 6 offers to open in one day this week, first time in 30 years
The six IPOs opening on September 9 are Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering.
Jio Platforms plans to kick off investor outreach for its IPO next week
Jio Platforms filed draft documents for the offering on June 19 and received approval from the Securities and Exchange Board of India on Aug. 28
MCD orders building inspections across Delhi after Satya Niketan collapse
The Municipal Corporation of Delhi (MCD) on Monday directed its executive engineers (building) across all zones to inspect structures under their jurisdiction and submit comprehensive reports by September 10, following the deadly building collapse in south Delhi’s Satya Niketan killing seven people, officials said. Officials said the information collected during the inspections would be incorporated…
SCREEN Holdings Q1 FY2027 slides: soft quarter, record guidance
SCREEN Holdings Q1 FY2027 slides: soft quarter, record guidance
‘Toxic’ box office collection day 13: Yash, Nayanthara, Tara Sutaria, Kiara Advani’s action film reaches Rs 293.95 cr gross; India net touches Rs 246.30 cr
Yash’s action thriller Toxic has achieved a significant India gross collection of Rs 293.95 crore. The film’s India net collection reached Rs 246.30 crore by its thirteenth day. On day thirteen, Toxic recorded an estimated India net collection of Rs 55 lakhs. The Kannada version led collections with an 18.36% occupancy on its thirteenth day….