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.
India's green energy goals face challenges over reliance on imported critical minerals: ICRA Report
May 23, 2024, at 05:41 am
New Delhi: Concentration of critical minerals in certain geographic regions like China render global supply chains vulnerable to disruptions leading to increased price volatility. This poses significant challenges to India’s energy security due to its total reliance on imports of critical minerals like lithium, cobalt, and nickel, which are essential for the green technology transition needed to meet its net-zero commitments by 2070, rating agency ICRA noted in a report.
LEI vs. Other Financial Security Measures 2024: Which is Most Effective?
May 23, 2024, at 05:05 am
Legal Entity Identifier (LEI) is a way to maintain transparency and security in the business and financial world. It helps businesses and investors learn more and verify someone's identity and background.
Vedanta Ltd to boost renewable energy capacity and halt new coal-fired units: Report
May 23, 2024, at 04:43 am
Mumbai: Vedanta Ltd aluminium business will stop adding coal-fired capacity, indicating a major shift towards renewable energy, media reported
Power Grid Corporation March qtr PAT drops 4% to Rs 4,166.33 cr
May 23, 2024, at 04:33 am
Mumbai: State-owned Power Grid Corporation reported a nearly four percent decrease in its consolidated net profit to Rs 4,166.33 crore for the March 2024 quarter, primarily due to a slight decline in income.
Sun Pharma Q4FY24 PAT grows 34% to Rs 2,655 cr; Rs 5 per share dividend declared
May 23, 2024, at 03:40 am
Mumbai: Leading pharmaceutical company Sun Pharmaceutical Industries Ltd announced a consolidated net profit of Rs 2,654.5 crore for the March quarter, a 34 percent increase from the same period last year, media reported.
Nykaa Q4FY24 PAT grows to Rs 9 crore; revenue jumps 28%
May 23, 2024, at 02:36 am
Mumbai: FSN E-Commerce Ventures, the owner of personal care (BPC) firm Nykaa, reported a rise in its Q4FY24 net profit of Rs 9 crore, growing more than four times from Rs 2 crore the same period last year.
May 23, 2024, at 02:20 am
New Delhi: The Indian government has decided to develop its own expertise in the field of artificial intelligence (AI) by creating the base for a custom foundational model meant to meet the needs of Indian companies, entrepreneurs, academics, and researchers, reported The Economic Times citing sources.
FIIs dump financial, IT, construction, oil & gas, FMCG holdings in first half of May: Report
May 23, 2024, at 01:02 am
Mumbai/IBNS: Foreign institutional investors (FIIs) sold over $3 billion (Rs 25,000 crore) in Indian equities in the first half of May, with National Securities Depository Limited (NSDL) data showing that more than 90 percent of the selling concentrated in five sectors, including Financial, Information Technology (IT), Construction, Oil and Gas, and Fast-Moving Consumer Goods (FMCG), media reports said.
RBI approves a dividend of Rs 2.11 lakh cr to Centre, an increase of 141% YoY
May 22, 2024, at 10:43 pm
Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.
Paytm Q4FY24 loss widens to Rs 550 cr YoY; FY24 increases 25%
May 22, 2024, at 10:33 pm
New Delhi: Digital payments firm Paytm reported a consolidated loss of Rs 549.6 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24), up from Rs 168.4 crore in the same quarter the previous year, media reported.
Byju's gets 3 NCLT notices over non-payment of dues: Report
May 22, 2024, at 10:28 pm
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases related to unpaid dues to operational creditors, media reports said.
FSSAI finds no trace of ethylene oxide in sample spices of MDH, Everest: Officials
May 22, 2024, at 07:54 pm
New Delhi/IBNS: The Food Safety and Standards Authority of India (FSSAI) has not found ethylene oxide (ETO), a cancer-causing chemical, in the sample spices of MDH and Everest, officials said on Tuesday.
SEBI issues framework to manage stock impact emerging from market rumours
May 22, 2024, at 07:01 pm
New Delhi/IBNS: The Securities and Exchange Board of India (SEBI) has issued fresh guidelines to manage the stock market impact arising out of market impacts, according to reports.
Magadh Sugar & Energy Ltd Q4FY24 PAT grows to Rs 47 cr
May 22, 2024, at 06:47 am
Mumbai: Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) reported an increase in PAT in Q4FY24 at Rs 47 crore as against Rs 35 crore in Q4FY23.