Fintech unicorns BharatPe Group and PhonePe resolve all legal disputes over trademark suffix 'Pe'
May 27, 2024, at 01:59 am
Mumbai: Fintech unicorns BharatPe Group and PhonePe Group have reached a mutually agreeable resolution for all long standing legal disputes in connection with the use of the trademark suffix 'Pe', the companies said in a joint statement, according to media reports.
Maldives may introduce India's RuPay service amid recent diplomatic row
May 26, 2024, at 07:00 pm
Maldives may soon introduce India's RuPay service, a senior minister of the country said recently.
Global Impact Sourcing Award for Talent assessment firm HireMee by IAOP
May 26, 2024, at 12:40 am
Bengaluru: Talent assessment platform HireMee enables equal access to opportunities for small town youth in India by connecting them with employers in pursuit of its vision of India where no talent is unemployed or underemployed’ won the Global Impact Sourcing Award (GISA) from IAOP, the premier global organization dedicated to shaping the future of business.
May 25, 2024, at 08:49 pm
New Delhi/IBNS: Bernstein Research, in its latest India Strategy report, said a tally of around 330-350 seats for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government in the ongoing Lok Sabha elections could trigger a short-term rally in stock markets with the benchmark Nifty index breaching the 23,000-mark post-elections.
Flipkart closes $950 mn round with Sundar Pichai-led Google's $350 mn investment at $36 bn valuation
May 25, 2024, at 06:47 pm
Bengaluru/IBNS: American tech titan Google has invested around $350 million in Indian e-commerce giant Flipkart's $950 million round at a valuation of $36 billion, reports said.
May 25, 2024, at 06:17 pm
New Delhi/IBNS: The Indian Ministry of Finance on Friday exuded confidence about the country's economic resilience, amid global conflicts and commodity price spikes, reports said.
Hindalco Industries Q4FY24 PAT grows 32% to Rs 3,174 cr
May 25, 2024, at 06:10 am
Mumbai: Hindalco Industries reported a 31.6 percent year-on-year increase in consolidated net profit for the March quarter, reaching Rs 3,174 crore compared to Rs 2,411 crore a year ago. This growth was driven by robust sales and lower input costs across its business segments.
Torrent Pharmaceuticals Q4FY24 PAT grows 57% to Rs 449 cr
May 25, 2024, at 06:04 am
Mumbai: Torrent Pharmaceuticals Ltd reported a 57 percent increase in its consolidated net profit for the March quarter, reaching Rs 449 crore compared to Rs 287 crore in the same period last year, media reported.
Adani Ports to replace Wipro in BSE Sensex on June 24
May 25, 2024, at 04:54 am
Mumbai: Adani Ports and Special Economic Zone Ltd (APSEZ) will replace Wipro Ltd in the 30-stock blue-chip S&P BSE Sensex starting June 24, according to an announcement made by the index operator on Friday, reported Reuters.
Cochin Shipyard Ltd Q4FY24 PAT jumps Rs 258.88 cr
May 25, 2024, at 03:12 am
New Delhi: State-owned Cochin Shipyard Ltd reported an impressive increase in its consolidated net profit, reaching Rs 258.88 crore for the March 2024 quarter, driven by higher income.
India's foreign exchange reserves shoot by $4.549 bn to a record $648.7 bn
May 25, 2024, at 02:57 am
New Delhi: India's foreign exchange reserves surged by $4.549 billion to a record high of $648.7 billion for the week ending May 17, according to the Reserve Bank's announcement on Friday.
Senco Gold Q4FY24 PAT grows 23.6% YoY to Rs. 32.17 cr; revenue grows 39.7%
May 25, 2024, at 02:54 am
Kolkata: Jewellery retailer Senco Gold Limited reported a Profit After Tax (PAT) of Rs. 32.17 crore, marking a 23.6% increase year-on-year (YoY) from Rs. 26.03 crore in Q4 FY23.
Flipkart to add Google as an investor in its latest funding round
May 24, 2024, at 11:25 pm
As part of the latest funding round led by Walmart, Flipkart on Friday announced that it will be adding Google as a minority investor, subject to receipt of regulatory and other customary approvals by both parties.
Jio Financial Services plans Rs 36,000 cr deal with Reliance Retail: Report
May 24, 2024, at 10:49 pm
Mumbai: Jio Financial Services (JFS) is seeking shareholder approval for its subsidiary to acquire equipment worth Rs 36,000 crore from Reliance Industries' retail division as part of its plan to enter the device leasing market, according to a postal ballot notice, reported Reuters.
Rajiv Jain’s GQG sees 150% growth in Adani investments, reaching $10 billion: Report
May 24, 2024, at 10:35 pm
Mumbai: Chairman and Chief Investment Officer of GQG Partners Rajiv Jain has witnessed a substantial 150 percent growth in his investments in the Adani Group over the past year, according to a Moneycontrol report.
Jaguar Land Rover to make iconic Range Rover models in India; prices likely to come down
May 24, 2024, at 10:00 pm
Mumbai: Jaguar Land Rover has said it will start assembling the iconic Range Rover models at the Pune plant in India, marking the first time this process will occur outside of the UK.
Ambassador Eric Garcetti says US investing $3.8 bn to meet India's renewable energy, infra goals
May 24, 2024, at 08:20 pm
US Ambassador Eric Garcetti said the United States International Development Finance Corporation is planning to invest $3.8 billion to meet India's renewable energy and infrastructure goals.
Oreo cookies maker Mondelez International slapped USD 366 million fine for European market rigging
May 24, 2024, at 07:32 pm
The European Commission has fined US-based food company Mondelez International, the maker of Oreo biscuits and Cadbury Dairy Milk chocolate, for hindering the cross-border trade of chocolate, biscuits and coffee products between Member States, in breach of EU competition rules.
May 24, 2024, at 07:03 pm
Mumbai/IBNS: Godrej Properties has suffered a jolt in the stock market after the Defence Ministry objected to its residential venture in Mumbai capable of producing revenue of Rs. 7,000, media reports said.
Air India hikes salaries, announces performance bonus for pilots
May 24, 2024, at 05:39 am
Tata Group-owned Air India Thursday announced a salary hike of up to Rs 15,000 for pilots besides an annual performance bonus of up to Rs 1.8 lakh with effect from April 1.
Bridgestone develops bespoke Potenza sport tyres for Maserati’s first all-electric SUV
May 24, 2024, at 05:17 am
Brussels: Tyre manufacturer Bridgestone has been chosen by Maserati to develop bespoke 20’’ tyres for its first all-electric SUV, the Maserati Grecale Folgore.
IndiGo Q4FY24 net profit multiplies more than double YoY to Rs 18,948 million on strong demand
May 24, 2024, at 04:03 am
Gurgaon: InterGlobe Aviation Ltd., which operates budget airline IndiGo, today reported a net profit of Rs 18,948 million in the fourth quarter of FY24 compared to net profit of Rs 9,192 million.
Google to produce Pixel smartphones, drones in Tamil Nadu
May 23, 2024, at 11:31 pm
Chennai/IBNS: Google has bet big on India as the American tech giant has picked Tamil Nadu for production of its Pixel smartphones and drones, reports said.
ITC standalone Q4FY24 PAT drops slightly toRs 5,020.2 cr; company declares final dividend
May 23, 2024, at 11:07 pm
Kolkata: ITC Ltd reported a standalone net profit of Rs 5,020.2 crore for the March quarter, marking a 1.31 percent decrease compared to the same quarter last year. The decline was attributed to flat cigarette volumes and lower FMCG margins.
4.1 crore shares of Star Health change hands in block deal as 3 FDIs offload stake
May 23, 2024, at 09:57 pm
Mumbai: Around 4.1 crore shares of Star Health and Allied Insurance, representing a 7.05 percent stake in the company, were exchanged in block deals on the stock exchanges, media reported.
RoC fines LinkedIn, Satya Nadella and others for companies law violations
May 23, 2024, at 08:40 pm
New Delhi/IBNS: The Registrar of Companies (RoC) under the Ministry of Corporate Affairs (MCA) on Wednesday (May 22) imposed fines on Microsoft-owned LinkedIn Technology Information Pvt Ltd or LinkedIn India, Microsoft CEO Satya Nadella, LinkedIn CEO Ryan Roslansky and seven other individuals for violation of the significant beneficial owner norms under the companies law, media reports said.
May 23, 2024, at 08:00 pm
Bengaluru/IBNS: Ola Group's founder and CEO Bhavish Aggarwal said on May 22 that the company has completed the shift of its entire workload to in-house artificial intelligence (AI) firm Krutrim, a week after cutting ties with its cloud service provider Microsoft Azure.
Mercedes-Maybach GLS 600 launched in India at Rs 3.35 crore
May 23, 2024, at 06:38 pm
New Delhi/IBNS: Mercedes-Benz has launched the Maybach GLS600 in the Indian market at a price tag of Rs. 3.35 Crore (ex-showroom).
Paytm CEO expects near-term financial impact due to disruptions in Q4, hints at AI-driven job cuts
May 23, 2024, at 05:43 pm
New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.
May 23, 2024, at 05:36 pm
New Delhi/IBNS: The Adani Group CFO has taken a dig at an investigating report claiming the conglomerate was involved in the alleged coal scam.