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Shutterstock and Getty Images merge to form $3.7 bn visual content giant

The companies said on Jan 7 that they have complementary portfolios, and the transaction creates a broader set of visual content products across still imagery, video, music, 3D, and other asset types.

Food spending india

Food spending rises in rural India, non-food items propel urban expenditure

In rural India, food accounted for 54% of the ₹349 rise in spending. Vegetables, beverages and processed food, and dairy products contributed 35% of this growth, as per National Statistics Office’s Household Consumption Expenditure Survey (HCES). Urban areas saw non-food items driving 54% of the ₹537 increase, led by miscellaneous goods and entertainment, clothing and footwear, and education.

RBI

Banks’ gross NPA ratio declines to 13-year low of 2.5% at September end: RBI report

“Asset quality improved, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 % at end-March 2024 and 2.5 % at end-September 2024,” as per the Reserve Bank of India’s report on Trend and Progress of Banking in India 2023-24.

GST on second hand cars

Impact of 18% GST hike on second-hand cars: What it means for buyers and businesses

The GST Council’s decision to raise the tax rate on pre-owned vehicles from 12% to 18% has sparked concerns about affordability, demand, and sustainability in India’s burgeoning used-car market.

Google CEO Sundar Pichai announces 10% layoffs in managerial roles to improve efficiency

Google’s workforce reductions mark the fourth such round this year, part of an ongoing efficiency campaign initiated by Alphabet Inc. in September 2022.

Stock market crash image

US Fed forecast rattles Dalal Street, Indian investors lose ₹6 lakh crore within minutes

The Indian stock market experienced a steep decline on Dec 19 with Sensex plunging over 1000 points and Nifty slipping below 24,000 following the US Federal Reserve's projection of fewer interest rate cuts in 2025 due to persistent inflation, dragging down major stocks like HDFC Bank Infosys and Reliance Industries.

Ola Delivery Representational Image

Ola gears up for 10-minute food delivery launch in Bengaluru

Competing with Zepto Cafe, Swiggy Bolt, and Blinkit’s Bistro, Ola’s new service aims to redefine quick-service restaurant food deliveries.

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