Adani Group to sue USA's Hindenburg Research for 'malafide, mischievous' report
Jan 27, 2023, at 12:59 am
Mumbai/IBNS: The Adani Group is planning to take US-based investment research firm Hindenburg Research to court for a "malafide and mischievous" report published before the Indian firm’s Rs 20,000 crore follow-on public offer (FPO) pulled down Adani Group stocks by up to 10% on Wednesday.
German software giant SAP to lay off 3,000 workers
Jan 26, 2023, at 10:54 pm
Berlin: German software major SAP on Thursday said it is looking to terminate 3,000 jobs this year, at a time when global big tech companies are resorting to mass layoffs to cut costs citing weak growth and grim economic outlook, media reports said.
Adani Group says Hindenburg Research's negative report timed to damage Adani Enterprises FPO
Jan 26, 2023, at 06:14 am
Adani Group has slammed the negative report by American short-seller Hindenburg Research, alleging that it was timed with a mala fide intention to damage Adani Enterprises FPO.
Adani Enterprises raises Rs 6,000 cr from anchor investors ahead of FPO: Report
Jan 26, 2023, at 04:40 am
Mumbai: The follow-on share sale floated by Gautam Adani’s flagship, Adani Enterprises, generated considerable interest with major investors showing bidding to buy stock, media reports said.
Mukesh Ambani to buy stake in US businessman Josh Kushner's Thrive Capital: Report
Jan 26, 2023, at 02:11 am
Reliance Industries Ltd (RIL) chairman Mukesh Ambani is joining a group of global billionaires to buy a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner, Bloomberg reported.
Dr Reddy’s Q3 net profit up 77 pc at Rs 1,247 cr
Jan 25, 2023, at 11:39 pm
Hyderabad: Generic Drug maker, Dr Reddy’s Laboratories’ on Wednesday reported a 77 per cent increase in consolidated net profit to Rs 1,247 crore in the third quarter ended December 2022 as against Rs 706 crore in the corresponding quarter in the previous year.
Olectra Greentech standalone net profit up 136 pc to Rs 42.9 cr
Jan 25, 2023, at 11:17 pm
Hyderabad: Olectra Greentech Limited, an arm of the MEIL group, on Wednesday reported a 136 per cent increase in standalone net profit to Rs 42.9 crore for the nine months period ending December 2022 as against Rs 18.2 crore in the corresponding period in December 2021.
Indian Market: Sensex crashes 773.69 pts
Jan 25, 2023, at 10:55 pm
Mumbai: The BSE Sensex on Wednesday crashed 773.69 pts to settle at 60,205.06 on weak global cues.
HDFC Bank opens first branch in Kanyakumari town
Jan 25, 2023, at 10:00 pm
Kanyakumari: HDFC Bank on Wednesday announced that it has opened its first branch in Kanyakumari town. Located in Cape Road, this is the bank's southern-most branch in the country and reinforces its commitment to offer services across the country.
G20-Startup20 engagement group set to meet in Hyderabad
Jan 25, 2023, at 09:21 pm
New Delhi/Hyderabad: The G20 Startup20 Engagement Group will hold its inception meeting in Hyderabad this week, featuring delegates from G20 nations and nine special invitees from observer countries, representatives from multilateral organizations as well as the Indian startup ecosystem.
Kolkata: PepsiCo Foundation, CARE expand ‘She Feeds the World’ programme in India
Jan 25, 2023, at 06:20 am
Kolkata: The PepsiCo Foundation, the philanthropic arm of PepsiCo and CARE, a not-for-profit organization dedicated to empowerment for marginalized women and girls, on Tuesday expanded their agriculture-focused ‘She Feeds the World’ programme in India.
Fincare Small Finance Bank opens first branch in Kolkata, promises to add two more branches soon
Jan 25, 2023, at 05:22 am
Kolkata: Private sector lender Fincare Small Finance Bank on Tuesday entered East India by opening its first branch in Kolkata.
Walmart Foundation to invest over USD 3.5 million in West Bengal, Madhya Pradesh
Jan 25, 2023, at 12:14 am
New Delhi/Kolkata: Walmart Foundation on Tuesday announced three new grants in the states of Madhya Pradesh and West Bengal with the aim to empower smallholder farmers through the Farmer Producer Organisation (FPO) framework.
Jammu and Kashmir: Govt launches Rs 879-crore food processing project
Jan 24, 2023, at 11:02 pm
Srinagar: The Jammu and Kashmir government is aiming to revolutionise the food-processing sector and transform the lives of farmers in the Union Territory by launching an ambitious project.
Indian Rupee moves down 33 paise against USD
Jan 24, 2023, at 10:35 pm
Mumbai: The Rupee on Tuesday tumbled down 33 paise to close at 81.72 on rising demand for US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Indian Market: Sensex rises 37.08 pts
Jan 24, 2023, at 10:08 pm
Mumbai: The BSE Sensex on Tuesday rose marginally by 37.08 pts to settle at 60,978.75 on the strength of Auto, Consumer Durable, Technology and IT stocks.
Airtel 5G Plus now live in 5 cities of Tamil Nadu
Jan 24, 2023, at 09:13 pm
Coimbatore: Indian telecommunication major Bharti Airtel on Tuesday announced the launch of its cutting edge 5G services in Coimbatore, Madurai, Hosur, Trichy.
Airtel 5G Plus now live in Tamil Nadu cities
Jan 24, 2023, at 05:56 pm
Chennai/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Tuesday announced the launch of its cutting edge 5G services in Coimbatore, Madurai, Hosur, Trichy. Airtel’s 5G services are already live in Chennai.
Ford planning to slash 3,200 jobs at German factory: Reports
Jan 24, 2023, at 02:57 pm
Berlin: US automaker Ford will cut 3,200 jobs at its factory in the German city of Cologne, German media reported.
Spotify to reduce 6 pct of global workforce
Jan 24, 2023, at 02:13 pm
San Francisco: Music streaming service company Spotify announced on Monday that it will lay off about 6 percent of its global workforce, impacting some 600 employees.
Amazon launches air cargo service Amazon Air in India
Jan 24, 2023, at 06:05 am
New Delhi/UNI: E-commerce giant Amazon India on Monday announced the launch of Amazon Air in India to enhance its transportation network and enable faster deliveries to customers.
Cutting 12,000 jobs step in right direction: Investor tells Google
Jan 24, 2023, at 05:14 am
As Google's parent company Alphabet Inc eliminated 12,000 jobs or 6 per cent of its workforce, investor Hedge fund billionaire Christopher Hohn wrote a letter to Sundar Pichai advising him to "cut thousand more jobs".
Recent regulations on Forex Brokers: What you need to know
Jan 24, 2023, at 05:00 am
Regulations have recently been introduced for forex brokers to protect investors and ensure that the forex market remains fair and transparent. New regulations are expected to be introduced in 2023 to further enhance oversight of the foreign exchange market. For those who have not yet understood the terminology of the forex market, we advise you to learn more here.
Hyundai Motor India Limited elevates smart mobility experiences with the new Hyundai AURA
Jan 24, 2023, at 12:04 am
Gurugram: Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, on Monday launched the new Hyundai AURA - the best mobility solution for modern Indian families with an introductory price of INR 6 29 600 (ex-showroom).
Sona Group of Education Institutions suggests doubling of allocation for education
Jan 24, 2023, at 12:01 am
Bangalore: Chocko Valliappa, Vice Chairman, Sona Group of Education Institutions' has suggested doubling allocation for education over the next three years.
Honda Motorcycle & Scooter India launches new advanced activa 2023
Jan 23, 2023, at 11:37 pm
New Delhi: Creating a new history in the Indian two-wheeler industry, Honda Motorcycle & Scooter India, the undisputed leader of scooter segment, on Monday unveiled smarter and advanced Activa 2023, HMSI’s first OBD2 compliant two-wheeler, much ahead of the April 2023 deadline.
Tata Motors Partners with ICICI Bank to offer financing for Electric Vehicle dealers
Jan 23, 2023, at 11:32 pm
Mumbai:: As an effort towards encouraging Electric Vehicle (EV) adoption in the country, Tata Motors, India’s leading automotive manufacturer, has announced its partnership with ICICI Bank to offer an EV Dealer Financing solution to its authorised passenger EV dealers.
Tata Power to install public EV Charging points at GAIL Gas' CNG Stations in Bengaluru
Jan 23, 2023, at 11:30 pm
New Delhi: Tata Power, one of India’s largest and fastest growing EV charging solutions providers, has signed an agreement with GAIL Gas Limited, (a wholly owned subsidiary of GAIL (India) Limited, to install DC fast charging points at two of GAIL Gas CNG retail outlets (CNG stations) in Bengaluru.
Jan 23, 2023, at 11:28 pm
Kolkata: SBI, the country’s largest lender, has partnered with MMRDA for providing NCMC based ticketing solution for the recently commissioned Mumbai metro lines 2A and 7.
Adani Cement’s Geoclean creates circular economy for Ambujanagar using waste management techniques
Jan 23, 2023, at 11:18 pm
Mumbai: Adani Cement’s waste management arm, Geoclean, enables a green economy for Ambujanagar (Gujarat) by safely managing solid and liquid wastes and diverting them from landfills, leading to resource conservation.