ESOPDhan budget expectations on vested ESOPs of unlisted firms
Jan 23, 2023, at 11:05 pm
Bengaluru: ESOPDhan co-founder Nitin Agarwal, an angel investor, has said he expects the upcoming Union Budget to reduce the holding period of ESOP shares of unlisted companies from two years to one year for purposes of capital gain.
Canara Bank Q3 net profit moves up 92 pc
Jan 23, 2023, at 10:14 pm
New Delhi: Canara Bank on Monday said that it has posted a 91.88 percent year-on-year growth in its net profit at Rs 2882 crore for the quarter ended December 31, 2022.
Elon Musk announces ad-free model for Twitter users
Jan 22, 2023, at 11:43 pm
Washington: Elon Musk Saturday announced that the company's subscription service would show less advertising to users, including an ad-free tier, to address frequent and long advertisements on Twitter to improve the experience of the users on the microblogging site.
Yes Bank Q3FY23 net profit drops 80% y-o-y to Rs 52 cr
Jan 22, 2023, at 07:11 am
New Delhi: Yes Bank on Saturday reported a net profit of Rs 52 crore for the quarter ended December 31, 2022, down by 80% year- on-year compared to Rs 266.43 crore in the corresponding quarter the previous year.
ICICI Bank Q3FY23 PAT grows 34% to Rs 8,312 cr, NII surges by 35% to Rs 16,465 cr
Jan 22, 2023, at 02:40 am
Mumbai/IBNS: ICICI Bank Saturday reported an increase in profit after tax by 34.2% year-on-year to Rs 8,312 crore (US$ 1.0 billion) in Q3FY23.
SBI Life Insurance Q3FY23 PAT drops 16.46% y-o-y to Rs 304.13 cr
Jan 22, 2023, at 02:36 am
Mumbai/IBNS: SBI Life Insurance Company's profitability in December 2022 quarter dipped in both year-on-year and quarter-on-quarter terms.
Kotak Mahindra Bank Q3 profit moves up 31 pc
Jan 21, 2023, at 09:02 pm
New Delhi: Kotak Mahindra Bank on Saturday reported a 31 per cent year on year (YoY) jump in its standalone profit at Rs 2,792 crore for the quarter ended December 31, 2022.
Troubled fashion tech startup Zilingo enters liquidation
Jan 21, 2023, at 08:40 am
Singapore-based fashion tech company Zilingo Pte is going to enter liquidation in the wake of complaints of financial irregularities that was followed by the termination of its high-profile CEO Ankiti Bose, Bloomberg reported.
EPFO adds 16.26 lakh new net subscribers in Nov 2022
Jan 21, 2023, at 08:28 am
New Delhi/IBNS: Employees' Provident Fund Organisation (EPFO) has added 16.26 lakh new net subscribers during November 2022, registering a 16.5 percent higher compared to a year ago, the labour ministry said on Friday.
HDFC Life Q3FY23 net profit grows 15 pc to Rs 315 cr
Jan 21, 2023, at 06:09 am
Mumbai: HDFC Life Insurance Company Ltd reported a 15 percent increase in its net profit to Rs 315.22 crore for the quarter ended December 31, 2022, riding on strong new business growth.
India's forex reserves at a five-month high of $572 billion
Jan 21, 2023, at 05:27 am
India's foreign exchange reserves swelled to a five-month high in the week ended January 13, the data released by the Reserve Bank of India (RBI) on Friday showed.
Swiggy terminates 380 jobs amid weak growth in food delivery business
Jan 21, 2023, at 05:24 am
Bengaluru: Food aggregator and quick commerce company Swiggy has laid off 380 workers citing challenging macroeconomic conditions and a slowdown in its food delivery business, media reports said.
Google cuts 12,000 jobs, offers severance, healthcare and other support for terminated workers
Jan 21, 2023, at 04:44 am
Google’s parent organization Alphabet is laying off 12,000 employees or 6 percent of its workforce amid a grim growth outlook.
RIL Q3FY23: Consolidated net profit falls 15% y-o-y to Rs 15,792 cr
Jan 21, 2023, at 03:11 am
Mumbai/IBNS: Reliance Industries Ltd (RIL) on Friday said its consolidated net profit declined 15% year-on-year (YoY) for the quarter ended December 2022 to Rs 15,792 crore.
Jio records net profit of Rs 4,638 crore in Q3FY23, up 28 pc y-o-y
Jan 21, 2023, at 02:48 am
Mumbai/IBNS: Telecom giant, Reliance Jio registered double-digit growth in both the top-line and bottom-line in Q3FY23.
Arunachal Pradesh students motivated to become tea entrepreneurs during their visit to gardens
Jan 21, 2023, at 01:08 am
Pasighat: The Students of College of Horticulture and Forestry and College of Agriculture, Central Agricultural University, Arunachal Pradesh recently visited Siang Tea and Industries (P)Ltd. Donyi Polo Tea Garden at Oyan Craft Village of East Siang District on Monday.
Bandhan Bank crosses Rs.2 Lakh crore of total business in Q3FY23
Jan 20, 2023, at 11:47 pm
Kolkata: Bandhan Bank on Friday announced its financial results for the third quarter of the financial year 2022-23.
G-20 presidency: Indian Tourism Sector to Contribute USD 56bn forex to GDP and Generate 140 Mn Jobs
Jan 20, 2023, at 11:44 pm
Mumbai: Under the aegis of India’s G20 Presidency, the Ministry of Tourism, Government of India shall be organizing the country's first Global Tourism Summit in New Delhi from Apr 10-12, where all G-20 member countries will be invited to participate.
Airtel 5G Plus now live in 4 cities of Odisha
Jan 20, 2023, at 08:34 pm
Puri: Bharti Airtel, India’s leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Puri in addition to Bhubaneswar, Cuttack and Rourkela launched in early January.
JSW Energy granted LoA for 500MW standalone battery storage system from SECI
Jan 20, 2023, at 05:15 am
Mumbai: JSW Renew Energy Five Limited, a 100 pc step-down subsidiary of JSW Energy Limited has received Letter of Awards (LoA) for total 500MW/1,000MWh Standalone Battery Energy Storage Systems (two projects each of 250 MW / 500 MWh) from Solar Energy Corporation of India Limited (SECI).
Cairn Oil & Gas appoints Nick Walker as CEO
Jan 20, 2023, at 05:01 am
Mumbai: Vedanta Resources-owned Cairn Oil & Gas, India’s largest private oil and gas exploration and production company said it has appointed Nick Walker as Chief Executive Officer, effective January 5, 2023.
Microchip Tech acquires 1.68 lakh sqft office space in Hyderabad
Jan 20, 2023, at 04:55 am
Hyderabad/UNI: Semiconductor major Microchip Technology has acquired 168,000 square feet of office space in One Golden Mile (OGM), a Grade-A commercial tower located in the business district of Kokapet on the outskirts of the city, a sought-after location for International IT companies.
South Korea's Lotte to inject Rs 450 cr into Indian subsidiary Havmor Ice Cream
Jan 20, 2023, at 04:38 am
New Delhi: Lotte Confectionary Ltd. on Wednesday revealed its plans to invest Rs 450 crore in its subsidiary the popular ice cream brand Havmor over the next five years.
Maruti Suzuki starts export of Grand Vitara from Tamil Nadu's Kamarajar Port
Jan 20, 2023, at 04:28 am
Chennai/UNI: India’s leading passenger vehicle exporter Maruti Suzuki today announced that it has commenced exports of its highly successful premium SUV, Grand Vitara, to Latin America and other countries.
PhonePe raises $350 mn fund from General Atlantic
Jan 20, 2023, at 03:35 am
Bengaluru/IBNS: Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.
Adani Enterprises Limited's Further Public Offering to open on Jan 27
Jan 20, 2023, at 12:10 am
Mumbai/Kolkata: Indian billionaire Gautam Adani-led group's flagship firm Adani Enterprises Limited on Thursday proposed to open on Jan 27 its further public offering (“FPO”), aggregating up to Rs. 20,000 crore issued, on a partly paid basis.
TCS Europe top employer in 2023
Jan 19, 2023, at 08:30 am
Kolkata/UNI: Tata Consultancy Services (TCS) has been recognised as a top employer in Europe by the Top Employers Institute for the eleventh consecutive year.
Rallis India reports flat revenues Rs 2,444 Cr with 17% growth YoY, PAT at Rs 161 Cr
Jan 19, 2023, at 08:25 am
Mumbai/IBNS: Rallis India Limited, a TATA Enterprise and a leading player in the Indian Agri inputs industry, registered 0.3% growth in revenue in Q3FY23.
Adani to launch Hydrogen-powered trucks this year
Jan 19, 2023, at 08:09 am
Chennai/UNI: Adani Enterprises Limited (AEL), part of the diversified Adani portfolio of companies, today signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation with Ashok Leyland, India, and Ballard Power, Canada.
Amazon overtakes Apple as world's most valuable brand despite losing $51bln
Jan 19, 2023, at 08:00 am
Washington: Amazon has reclaimed top spot as the world's most valuable brand despite losing $51 billion this year, or 15% of its value, according to the annual Brand Finance Global 500 ranking.