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Upstart

Ugaoo secures Rs 47 cr in Series A funding round, plans to open 80 retail stores by 2030
Ugaoo plans to use the funds to expand its presence in the top 10 Indian cities and open 80 retail stores by FY30. The company also aims to diversify its product range by collaborating with international plant suppliers and offering exotic plants and premium care products in India.
Earlier, in November 2021, the company raised $2 million in its pre-Series A round.

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Corporate

Scammers use unofficial phone numbers or email addresses while posing as officials.

'1930 is your lifeline': Zerodha's Nithin Kamath exposes a fraud that's fooling thousands in India

The startup founder argued that India’s obsession with convenience food poses a serious threat to long-term public health.

'Zomato and Swiggy and Zepto, please, don't...': Mumbai CEO’s warning on ultra-fast food deliveries

Kamath’s advice to businesses? "Pick what worked with women and build for men—maybe jewelry next."

857% growth in 5 years: The industry Zerodha's Nikhil Kamath says will blow up next

JSW Steel was the successful resolution applicant to the assets of the insolvent company under the Insolvency and Bankruptcy Code (IBC) of the Corporate Insolvency Resolution Process (CIRP).

SC orders ED to handover Rs 4,025 crore worth of Bhushan Power & Steel properties to JSW Steel  

Zepto is one of the top three quick commerce companies in India, competing with Zomato's Blinkit and Swiggy Instamart.

Zepto FY24 results: Revenue doubles to Rs 4,454 cr from Rs 2,026 cr in FY23

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Economy

Citing a 2024 World Inequality Lab report he co-authored, Piketty revealed that the top 1% of India’s population controls 22.6% of national income and 40.1% of the country’s wealth

'22.6% of income': Why Thomas Piketty thinks India must tax its super rich now

GST-registered taxpayers are required to utilise the GSTR 3B form to claim any outstanding input tax credit.

No decision by GST Council on 35% rate on tobacco and aerated drinks: MoS Finance

Consumer price index based inflation eased to 5.48% in November from 6.21% in the previous month as food prices eased.

Easing retail inflation, uptick in factory output give breather to economy

According to Consumer Price Index (CPI) data released by the National Statistics Office (NSO), the inflation in the food basked reduced to 9.04 percent in November.

November retail inflation cools down to 5.4% as vegetable prices ease, falls within RBI's tolerance limit 

The core sector industries, which make up 40 percent of the Index of Industrial Production, also performed well in October.

Industrial production marginally goes up to 3.5% in October, up from 3.1% in September

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Policy

So far in FY25, government capital expenditure has been weaker than anticipated despite an all time high target of Rs 11.1 lakh crore

Centre’s FY26 capex outlay may register marginal increase

The Red Line is currently operating between Shaheed Sthal (New Bus Adda) and Rithala.

Cabinet decision: Rithala-Kundli corridor in Delhi Metro Phase-IV gets a nod with Rs 6,230 cr outlay

As per sources, the scheme has received nearly 20 lakh registrations, with approximately 15 lakh completing their Aadhaar-based registration.

Government plans to double corporate participation in Internship Scheme to 1,000 from 500

MGNREGS, a centrally sponsored scheme without cost-sharing from states, guarantees at least 100 days of wage employment annually to rural households.

Government eyes full utilisation of Rs 86,000 crore under MGNREGS budget in FY25

In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman had emphasised the government’s commitment to simplifying direct taxation in India. 

Budget 2025 may usher in major overhaul with Direct Tax Code reforms

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