 "Top headlines: Ukraine fears lift oil to 7-yr high; Swiggy eyes $800-mn IPO")
SoftBank-backed Swiggy eyes $800-mn IPO early next year: Report
Food delivery giant Swiggy is eyeing $800 million in initial public offerings (IPO) next year and has started preparations for the same, a report by Nikkei Asia said.
Swiggy has begun adding independent directors to the board, and plans to position itself as a logistics company and not just a food delivery firm, according to the report. Read more
Ukraine war fears pummel global stocks, lift oil to seven-year high
Stocks slumped and oil surged to its highest in seven years on Tuesday as Europe's eastern flank stood on the cusp of war after Russian President Vladimir Putin ordered troops into two breakaway regions of eastern Ukraine.
The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low before clawing back some of its losses. German stocks - seen as more vulnerable due to the country's heavy reliance on Russian gas supplies - dropped more than 2%. Read more
Crypto vs gold: Bitcoin losing out to gold has analysts eyeing $30k level
Bitcoin dropped to a more than two-week low as fears of a possible Russian invasion of Ukraine prompted some analysts to predict the largest cryptocurrency could slide toward the key $30,000 level.
Bitcoin dropped for a sixth straight day, touching a low of $36,372 on Tuesday after Russian President Vladimir Putin said he’s recognizing two self-proclaimed separatist republics in eastern Ukraine and ordering troops there. Other cryptocurrencies also declined, with Ether off as much as 2.9% and XRP down as much as 6.7%. Read more
Govt sanctions four national highway projects worth Rs 4,500 crore
The government has sanctioned four road infrastructure projects worth Rs 4,518.04 crore under the Bharatmala Pariyojana scheme, Union Minister Nitin Gadkari said on Tuesday.
The approved projects pertain to construction, widening, and upgradation of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh. Read more
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%