Union Cabinet approves one-time compensation to OMCs on LPG

The Union Cabinet approved one-time compensation to state-run oil marketing companies for liquefied petroleum gas (LPG). The govt is also mulling compensation to state-run OMCs, such as Indian Oil Corp to compensate them for their losses. The decision on the same is likely to be announced officially at today's Cabinet briefing at 3 PM.

CPI inflation seen rising to 7.3% in September: Moneycontrol Poll

According to a Moneycontrol poll of 18 economists, inflation - as measured by the Consumer Price Index (CPI) - rose for the second month in a row to a five-month high in September. The Ministry of Statistics and Programme Implementation will release retail inflation data for September later today at 5.30 pm.

Fireside Ventures is latest India-dedicated VC to raise its largest-ever $225-million fund

Fireside Ventures has marked the final close of largest-ever its $225 million fund, joining a growing list of India-dedicated private equity and venture capital (PE/VC) firms to raise sizable capital amid a funding winter. The Fireside Fund III will invest only in new companies and plans to back 25-30 startups over the next three years.

Travel and tourism on a swing as airline tickets price spike 40% ahead of Diwali

Ahead of Diwali, flight searches for travel between October 19 and October 24, have witnessed a 124 percent rise for domestic flights in India. For international destinations, flight searches were up by 133 percent higher than the pre-pandemic levels. In the same period, however, airfares have risen by nearly 40 percent.