New Delhi, April 9 (IANS) How ShopClues went from being one of India’s most promising unicorns to a deeply discounted acquisition has emerged as one of the most striking examples of value destruction in the country’s startup ecosystem.Once valued at $1.1 billion in 2016 and preparing for a potential public listing, the Gurugram-based e-commerce firm saw its fortunes unravel rapidly before being acquired by Singapore-based Qoo10 in 2019 for roughly $70-$100 million in an all-stock deal, wipin…
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New Delhi, April 9 (IANS) India’s online retail market reached approximately $65–66 billion in 2025 in gross merchandise value (GMV) and is projected to grow over 20 per cent annually to reach $170–180 billion by 2030, capturing roughly one in ten retail dollars, a report said on Thursday.The report from Bain and Company and Flipkart said e‑retail gross merchandise value grew 19–21 per cent in value terms.Growth accelerated through the year, supported by improving macroeconomic conditi…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting.The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision.The RBI Governor described 2025 as a challenging year, but noted that infla…
New Delhi, April 6 (IANS) Prime Minister Narendra Modi on Monday addressed party workers across the country via a video message on the BJP’s Foundation Day, extending greetings and recalling the party’s ideological journey rooted in sacrifice, discipline and service to the nation.The Prime Minister described the BJP as more than just a political organisation, calling it a “mother” for its workers. He said the occasion was emotional for party members as it offered an opportunity to express …
New Delhi, April 4 (IANS) Aam Aadmi Party (AAP) Rajya Sabha member Raghav Chadha on Saturday rebutted “false and coordinated allegations” levelled against him by fellow party leaders, asserting that the accusations were aimed at silencing his voice in the Parliament. In a video on X, a defiant Chadha claimed that a “scripted campaign” had been launched against him, with repeated and identical accusations being circulated.”From yesterday, a scripted campaign is working against me. The same langua…
Davanagere (Karnataka), April 2 (IANS) Karnataka Chief Minister Siddaramaiah on Thursday said the Congress is receiving more-than-expected public support in the by-elections and that people have realised the “truth” about the BJP’s lack of development, even as he attacked the Centre over fund allocation.Speaking to media persons at the helipad at the MBA College premises in Davanagere, he said the response in the Davanagere South Assembly constituency has exceeded expectations.“People ha…
Erode, April 2 (IANS) Tamil Nadu Chief Minister, M.K. Stalin, on Thursday said the Congress party would release its list of candidates later in the day, as he campaigned vigorously in Erode for the DMK-led Secular Progressive Alliance ahead of the April 23 Assembly elections.Addressing a public rally, CM Stalin urged voters to extend their support to the alliance candidates, including the Congress nominee in Erode East, whose candidature is expected to be confirmed following the announcement by …
Davanagere (Karnataka), April 1 (IANS) Karnataka Chief Minister Siddaramaiah on Wednesday targeted the BJP, accusing it of consistently opposing welfare measures aimed at the poor.“The BJP has opposed guarantee schemes because they are meant for the poor. They have always opposed programmes that benefit the poor,” he said, adding that the government has spent Rs 1.31 lakh crore on guarantee schemes, including Rs 535 crore in the Davanagere South constituency alone.He was speaking to the medi…
New Delhi, April 1 (IANS) Domestic gross GST collections rose 8.8 per cent year-on-year to Rs 2 lakh crore in March 2026, driven by steady domestic revenues and a sharp uptick in import-related collections, according to official data released on Wednesday.Gross GST revenue stood at Rs 2,00,064 crore in March, compared to Rs 1,83,845 crore in the same month last year. The growth was led by a strong 17.8 per cent rise in import revenues, while domestic revenues increased at a relatively moderate p…
Bengaluru, March 31 (IANS) Amid the by-elections campaign, Karnataka Chief Minister Siddaramaiah on Tuesday strongly rejected Bharatiya Janata Party (BJP) State President and Member of Legislative Assembly B. Y. Vijayendra’s demand for a white paper on Karnataka’s financial condition, terming it a reflection of “lack of economic understanding, administrative experience, and political frustration.” In a detailed press statement, Siddaramaiah asserted that the State Budget presented las…