Adani International Container Terminal Became the First Terminal in the World to Handle More Than 3 Lakh Containers per Month
In November 2023, Adani International Container Terminal set a national record by handling 3,00,431 TEUs across 97 vessels, beating its previous record of 2,98,634 TEUs set in March 2021. Adani
Raymond’s Independent Directors Retain the Services of a Lawyer to Defend Minority Shareholders
They claim that the company’s interests are “primary consideration,” since a feud between chairman Gautam Singhania and his estranged wife reduces market value. Raymond’s five independent directors have appointed independent
IOC Secured More Than a Third of the D6 Gas in the Most Recent Reliance Auction
Participants in the auction came from a variety of gas-consuming industries, including fertilizer, municipal gas distribution, refineries, and aggregators. The procedure resulted in 38 successful bidders obtaining gas. According to
Former Microsoft Intern and Amc CEO Satya Nadella Hails Him for His “Wartime Leadership”
The former Microsoft intern, now CEO of an AMC, described Nadella’s handling of the OpenAI controversy as “wartime management,” adding that no management program can teach this. Satya Nadella’s leadership
After Receiving a Warning Letter From the US Food and Drug Administration, Cipla’s Stock Price Drops More Than 7%, Making It the Top Loser in the Nifty 50
Cipla’s stock dropped more than 7% on Thursday after the US FDA issued a warning notice to the company’s Pithampur plant. The stock failed to hold above the swing high
Indigo’s Parent Company Will Contest Tax Claims Totaling Rs 1,666 Crore
According to InterGlobe Aviation, based on legal advice from counsel, the opinions of authorities are not sustainable. InterGlobe Aviation, the parent company of India’s largest airline, IndiGo, announced on Wednesday
Binance the Company’s Founder and CEO Enters a Guilty Plea and Resigns. Changpeng Zhao, Who Is He?
To end the dispute, Binance founder-CEO Changpeng Zhao agreed to a $4.3 billion settlement arrangement in a Seattle court on November 21, including a personal contribution of $50 million. Binance
According to the Research, Coal Consumption Must Be Reduced Seven Times Quicker in Order to Fulfill the Emissions Target
The “State of Climate Action 2023” report presents a dismal picture of the problems that policymakers will confront as they prepare for the COP28 climate change summit in Dubai, UAE.
Indian Lenders’ Technological Issues Stymie Their Efforts to Gain Market Dominance
On Wednesday, Bajaj Finance was ordered to halt extending loans through two products that did not conform with digital lending standards. The technological challenges, which also include clunky legacy systems,
The Centre Is Expected to Request an Investigation Into the MG Motor India and Vivo Accounts
Earlier in November, the MCA summoned the company’s directors and its auditor Deloitte to seek clarity on particular audit violations found during the investigation through its registrar of companies (RoC).
WeWork Files for Chapter 11 Bankruptcy Under the United States Bankruptcy Code Due to Office Market Downturn
WeWork India, which is owned by the Bengaluru-based real estate giant Embassy Group, has maintained that global developments will have no influence on Indian business. WeWork India has over 50
L&T Technology Services and Google Cloud Have Announced a Relationship Focused On Artificial Intelligence
According to the statement, the cooperation seeks to promote the construction of a comprehensive Application Programming Interface (API) library and experience, altering how customers engage with LTTS’ digital goods. On
‘We’re all from Bangalore,’ says Nikhil Kamath of how Nandan Nilekani and Kiran Mazumdar Shaw encouraged him to become a philanthropist.
Nikhil Kamath stated that living in Bengaluru and being around these Giving Pledge signatories prompted him to consider making the most of the money he has and is likely to
Due to the Shraddh Season, Vehicle Retail Sales Fell 8% In October; Nevertheless, Navratri Sales Increased 18%
The Navratri of 2023 was a watershed moment, with retail sales increasing by 18% year on year, exceeding the statistics of Navratri 2017. India’s car retail sales fell 8% in
Tata Motors Q2 Results: The Automaker Earns Rs 3,764 Crore In Profit Versus A Loss A Year Earlier, But Falls Short Of Expectations
Tata Motors Q2 Results: Consolidated income from operations climbed 32% year on year (YoY) to Rs 1.05 lakh crore, which was somewhat less than the projected Rs 1.07 lakh crore.
Greaves Electric Is Fined Rs 125 Crore For Violating Fame-II Subsidy Rules
Greaves is one of seven electric two-wheeler (e2W) manufacturers accused by the government of selling cars that do not meet the localization criteria. Greaves Electric Mobility (previously Ampere Electric Vehicles)
Adani Energy Has Announced The Completion Of The Karur Transmission Project In Tamil Nadu
Adani Energy Solutions Ltd has announced the successful commissioning of the Karur Transmission Ltd (KTL) project in the Tamil Nadu state. This critical project includes the building of the 400/230
Autoworkers Clinch An Agreement With Ford, Paving The Way For The End Of Strikes Against Detroit Automakers
The United Auto Workers (UAW) union has signed a tentative contract deal with Ford, potentially putting an end to the almost six-week-long Detroit manufacturer strikes. The four-year pact, which must
GST Evasion: The Government Expects A 50,000 Crore Recoupment After Many Notifications Are Issued
In FY24, GST officials have discovered evasions totaling 1.36 lakh crore, of which 14.108 crore has already been collected. An evasion of 1.01 trillion was discovered in FY23, resulting in
Delhivery, AWS, And Nexus Ventures Collaborate To Establish The Velocity Accelerator Program, Which Seeks To Accelerate Businesses In The Logistics Sector
This accelerator program’s inaugural iteration, which began in August 2023, gathered together financial and sectoral specialists to give insightful, industry-led mentorship to the selected firms. Delhivery has partnered with private
‘If We Can Charge Higher Fares…’ Says Air India Ceo Campbell Wilson Of Rising Ticket Costs On Some Flights
According to Air India CEO Campbell Wilson, many of the airline’s tickets are actually cheaper than the airline’s marginal cost of operations. According to Air India CEO Campbell Wilson, if
Supply Chain Collaboration: Building Stronger Partnerships for Mutual Success
The Impact of Supply Chain Collaboration on Mutual Success Long-term connections eventually result in increased revenues, and the benefits of supply chain collaboration are similar to the advantages of customer
The Role of Artificial Intelligence in Supply Chain Planning and Execution
Harnessing the Power of Artificial Intelligence for Supply Chain Planning and Execution Given the pandemic crisis the globe is currently experiencing, supply chain management has emerged as a crucial strategic
The FTSE Russell Bond Index will Exclude India a Week Following JPMorgan’s Entrance
FTSE Russell, a global index provider, announced on Friday that India will not yet be included in a government bond index, despite JPMorgan’s announcement last week that India would be included in its influential GBI-EM index suite beginning next year.
Rajeev Beotra, Executive Director of HT Media Ltd., and Anupriya Acharya, CEO of Publicis Groupe South Asia, have Both Been Named to the Board of Governors
Rajeev Beotra, Executive Director of HT Media Ltd., and Anupriya Acharya, CEO of Publicis Groupe South Asia, have Both Been Named to the Board of Governors
The Government has Issued a ‘High Severity’ Warning to Apple Users. View the List of Impacted Devices Here
The Indian government has issued a warning to Apple customers about vulnerabilities in the WebKit browser engine, which might allow attackers to take control of their devices. Users should promptly update their devices.
Rajnish Kumar, the former Chairman of the State Bank of India, has been named Chairman of Mastercard India
Rajnish Kumar will lead Mastercard’s South Asia executive leadership team, which will be managed by Gautam Aggarwal, Division President for South Asia and Country Corporate Officer, India.
Google DeepMind co-founder calls on the US to impose AI standards – Financial Times
The United States should only allow Nvidia’s artificial intelligence (AI) processors to be sold to purchasers who promise to use the technology responsibly, Google DeepMind co-founder Mustafa Suleyman told the Financial Times on Friday.
Brokers want the SEBI audit firm regulation relaxed because it is ‘discriminatory’
The Association of National Exchanges Members of India (ANMI) claimed in an email to the Securities and Exchange Board of India (SEBI) on August 17 that the eligibility requirements for audit companies that brokers and clearing entities might use are discriminatory. The email has been examined by Moneycontrol.
ITD Cementation sets a new high with a Rs 3,290 crore marine contract
ITD Cementation India’s shares surged 14% to a record high of Rs 247.4 on the BSE in Friday’s intraday trade amid significant volumes after the business got a marine contract worth roughly Rs 3,290 crore excluding GST.
Cash reserves to back plan to increase manufacturing capacity: Maruti Company chairman
Maruti Company chairman Bhargava informed shareholders that the ‘Maruti 3.0 capacity development plan will focus on diverse power trains such as electric and hybrid cars, compressed natural gas (CNG), and ethanol.
Due to basmati rice export restrictions, LT Foods, KRBL, Chaman Lal, and GRM are down up to 6%
Shares of rice exporters such as Chaman Lal Setia Exports, LT Foods, KRBL, and GRM Overseas fell up to 6% intraday on Monday after the government imposed export restrictions on basmati rice over the weekend.
According to CRISIL, ARPU for Indian carriers would climb 8-10% to Rs 190 this year
The average revenue per user (ARPU) of Indian telecom companies is expected to rise by 8 to 10% to Rs 190 this fiscal year. According to the statement, operational earnings for these companies might rise by 15 to 17 percent this year, hitting Rs 1.2 trillion, up from Rs 1.04 trillion in FY22.
Top private banks and PSBs have received fines totaling more than Rs 35,000 crore since 2018.
The Finance Ministry informed the Rajya Sabha on Tuesday that public sector banks and five significant private sector banks, including Axis Bank, HDFC Bank, IndusInd Bank, ICICI Bank, and IDBI
The Indian government just gave Google, Facebook, and other digital companies a tonne of work! This is what they need to accomplish
The nation’s first piece of law to protect personal data was adopted by the Parliament on Wednesday, a significant milestone. The bill is called the Digital Personal Data Protection Bill (DPDP). The bill has been designed to be adaptive to changing technical ideas, enabling the addition of new data concepts without calling for further modifications, according to Minister of Communications and Information Technology Ashwini Vaishnaw.
KRAFTON will spend $150 million in the startup ecosystem as part of its India-first strategy
The company claims to have already invested $140 million in start-ups in India.
The top South Korean gaming corporation, KRAFTON, Inc., creator of the BGMI, plans to invest $150 million in India over the next two to three years.
With orders coming in from 620 locations, ONDC intends to focus more on Tier 2 and Tier 3 regions
Users from 620 cities have placed orders on the Open Network for Digital Commerce (ONDC), despite no particular marketing efforts outside of the top five metropolises like Bengaluru and Delhi. The new version of the government-backed e-commerce network’s incentive program, which might be made public this week, is now expected to focus more on Tier 2 and higher.
Stock market today: An explanation of why industrial alcohol stocks are soaring right now
Stock market analysts claim that the latest notification by the Government of India (GoI) about the pricing of ethanol blending is the reason why these industrial alcohol manufacturing stocks are soaring today. The price increase for the ethanol that the public sector oil marketing companies (OMCs) purchase from distilleries was agreed on Wednesday last week by the Cabinet Committee on Economic Affairs, which is led by Prime Minister Narendra Modi. Companies in India that produce industrial alcohol would gain from this.
Indulging in Everyday Essentials and Exquisite Delights: An In-Depth Look At Hindustan Unilever, ITC, and Nestle in the Indian Consumer Goods Industry
The Indian consumer goods industry is a vibrant and rapidly growing sector that caters to the diverse needs and preferences of the country’s vast population.
Government approves a semiconductor project investment from Micron of Rs 22,000 crore
Since Modi is due to meet with Sanjay Mehrotra, the CEO of Micron, when he is in the US, the decision is anticipated to be made public. Over 5,000 employees are anticipated to be created by the project.
China’s youth face a depressing work market due to record unemployment
Analysts have cautioned that the unemployment in China’s youth rate might increase much more this summer, adding to the government’s difficulties in reviving the nation’s sluggish post-Covid economy. Chinese grads
Indian Cement Industry: Ultratech Cement, ACC, and Ambuja Cements
With a total capacity of 545 million tonnes per annum (MTPA) by 2021, India is one of the largest cement industries in the world. Three important companies—Ultratech Cement, ACC, and Ambuja Cement—dominate the bulk of the market. Let’s take a closer look at each of these projects in the context of what they have done for the Indian cement industry.
PCBL, a manufacturer of carbon black, has announced capacity expansion plans to reach 7,90,000 MTPA and 122 MW of green electricity
PCBL has a production capacity of 6,66,000 MTPA (with the commissioning of the first phase of the Greenfield Project in Chennai with a capacity of 63,000 MTPA) and a capability to generate green electricity of 98 MW.
Food safety regulators in Tamil Nadu confiscate 15,000 tonnes of corn from Reliance Industries due to unclean conditions
Due to unsanitary storage conditions at a Tuticorin warehouse, food safety officials have seized 15,000 tonnes of corn owned by Reliance Industries. The food grains were discovered to be pest-infested
Adani Green Energy is one of the top 10 global producers of renewable energy, according to ISS
Due to its “high level of transparency,” ESG rates AGEL in the “Prime” B+ band. According to Institutional Shareholder Services ESG on Thursday, Gautam Adani-led Adani Green Energy Limited (AGEL) is among the top 10 RE businesses globally for ESG performance and topped the list of Asian companies in the sector.
Temasek, a Singaporean company, lowers salaries for employees in charge of FTX investments
Temasek Holdings (TEM.UL), a Singaporean state investor, announced on Monday that it has reduced remuneration for both the top management team and the team that proposed Temasek’s participation in the
Creating stronger supply networks helps 14 IPEF nations become less dependent on China
The agreement calls for information exchange and coordinated action in times of emergency. 14 countries involved in the (Indo-Pacific Economic Framework) IPEF Nations, including the United States and India, have
The EU’s deforestation rule will have an impact on $1.3 billion in Indian exports to the EU, according to GTRI research
The EU’s deforestation rule looks to prioritize safeguarding its own agriculture industry and encouraging exports, making imports more challenging because it is a trade barrier covered up as a green
Sandeep Indurkar, a seasoned ICICI Bank executive, is named chief business officer by BharatPe; no CEO has yet been named
Indurkar headed the big financial company’s digital payments, according to his LinkedIn page. Sandeep Indurkar, a seasoned ICICI Bank executive, has been named as the Chief Business Officer- Banking and
Zomato’s Deepinder Goyal commends Swiggy’s CEO on the success of the company, saying, “Nicely done.”
Zomato’s CEO Deepinder Goyal responded to Swiggy co-founder and CEO Sriharsha Majety’s Twitter post saying the online food delivery service had seen financial success in March 2023. Any industry’s competition
In collaboration with ICICI Bank, Zomato introduces UPI service for real-time payments. Here is how to utilize it:
Users of Zomato will find it convenient to pay for their purchases from a range of merchants and send money directly to other users. Zomato introduces UPI solutions for in-the-moment
After the windfall tax was reduced to zero, oil and gas stocks held stable; top gainers were Indian Oil, ONGC, and GAIL as well as Adani. 5% overall dips
After the government reduced the windfall tax rates to zero on Tuesday, the price of oil and gas indices moved steadily. The biggest gainers in this industry were Adani Total
FIR against Ashneer Grover, the former MD of BharatPe, and his family for defrauding the fintech of 81 cr
Grover has been involved in a legal dispute with BharatPe since January 2022, when claims of financial irregularities first appeared. Grover was fired from the organisation in March of last
“We still struggle to reach remote areas and secure funding,” says Mpower’s Neerja Birla of the difficulties in providing mental healthcare in India
Neerja Birla, a University of Derby BSc in Psychology graduate, firmly believes in the Japanese aesthetic principle of wabi-sabi, which encourages people to see the beauty in change and imperfection.
How the merger of HDFC and HDFC Bank may affect clients of HDFC FDs in terms of interest rates, depositors’ insurance, and withdrawal policies
By June 2023, there will be a merger of HDFC and HDFC Bank. The combined company will be called HDFC Bank. Customers of HDFC, whether they are depositors or borrowers,
Microsoft’s partnership and funding expedite Builder.ai’s ambition to enable every organisation worldwide to create software without technical skills
Today, Builder.ai, the next-generation composable software creation platform driven by AI that makes it easy and accessible for everyone to convert their ideas into software, announced a strategic partnership with
New GST regulations are in place starting today for companies with annual revenue over $100 crore. Read more here
New GST regulations are in place starting today for companies with annual revenue over $100 crore. Businesses currently upload their invoices to the Invoice Registration Portal (IRP) on the current
This week’s Q4 results: These Adani group companies, from Adani Enterprises to Adani Wilmar, will soon report earnings
This week’s Q4 results: Adani Enterprises, Adani Wilmar, Adani Green Energy, Adani Total Gas, Ambuja Cements, and NDTV are the six firms under the Adani group that will soon release
Anmol India Ltd. presents a strategic expansion plan for the chemical and steel industries, and the stock price has increased by 52 weeks
Anmol India Ltd. has announced the creation of a committee focused on expansion and growth. Anmol India Ltd. has announced the creation of an “Expansion and Growth Committee”. The task
With a sample builder-buyer agreement, home buying will be made simpler
The builder-buyer agreement will work to safeguard homebuyers against potential abuses, lessen disagreements, and give customers access to an efficient grievance redressal procedure. After the first Round Table Conference on
Following the Amul v. Nandini case, the Kerala Cooperative Milk Marketing Federation is now forbidding Nandini from entering the state
The Kerala Cooperative Milk Marketing Federation or KCMMF has expressed worry about the inclination of some state milk marketing federations to aggressively enter markets outside of their home states in
Leading corporate loan accounts at public banks will be subject to increased scrutiny. Here’s why
The government has requested the country’s state-owned banks to implement greater monitoring of top corporate loan accounts and to present a strategy to deal with business risks in critical sectors
In the midst of layoffs, Meta’s senior executive will depart the company after 14 years
Notwithstanding Levy’s departure, Meta stated that corporate communications will continue to be a strategic priority for the company this year. Dan Levy, Meta’s advertising product executive, will depart the business
Banking problems in the United States and Europe are expected to impede the expansion of Indian IT businesses
TCS, Infosys, Wipro, HCL Technologies, Mphasis, and LTIMindtree are among the Indian IT firms that have exposure to several of the ailing banks. Banking problems in the United States and
Sixty-eight of the 115 Noida group housing projects are ‘defaulters,’ meaning they have failed to receive an occupancy certificate
The Noida Authority has posted a list of all 115 group housing projects on its official website, giving prospective purchasers information. According to the list, the city has 21 finished
Under Bob Iger’s leadership, Disney is reconsidering producing content for its competitors
According to Iger, who spoke at the Morgan Stanley Technology, Media, and Telecommunications Conference in San Francisco, streaming services have typically relied on a high flow of new material to
The NCLAT approved Adani Power’s offer for Korba West Power and directed Shapoorji Pallonji & Co to pursue disputes through arbitration
The appellate panel was hearing a plea submitted by Shapoorji Pallonji & Co, challenging a judgment issued by the Ahmedabad Bench of the National Company Law Tribunal (NCLT) on June
TCS is not considering layoffs and is instead recruiting impacted personnel from startups
The remarks come as IT organizations throughout the world, including major IT corporations, lay off workers for a variety of reasons. According to a top executive, Tata Consultancy Services (TCS)
Air India’s huge contract with Boeing and Airbus would result in the creation of 2 lakh employment in India
According to aviation industry analysts, the purchase would create a rush of employment in the Indian aviation sector because the airline would require operational workers as well as people for
Adani Enterprises will report its third-quarter earnings tomorrow: 5 problems confronting the corporation amid the Hindenburg disaster
Adani Enterprises is set to release its third-quarter results on February 14, 2023. On Tuesday, February 14, 2023, Adani Enterprises will release its third-quarter profits for the fiscal quarter ending
New regulations for visitors from six nations entering India go into effect today: ten things you should know
China, Hong Kong, Japan, South Korea, Singapore, and Thailand will be subject to the new law beginning on February 13th. Since today, India has lifted the required Covid-19 test for
4 Adani Group equities’ free-float designations are removed by index provider MSCI
According to the article, MSCI claimed to have decreased Adani Enterprises’, Adani Total Gas’, Adani Transmission’s, and the Associated Cement Companies’ free floats. According to a Financial Times story, index
JSW Energy is down 4% as its December quarter profit fell to Rs 180 crore, while HDFC Sec maintains its’sell’ rating
Finance expenses grew by 9% to Rs 214 crore during the quarter due to additional borrowings (for continuing expansion expenditure) and a rise in the weighted average cost of debt
The US State Department has approved a potential $180 million sale of anti-tank equipment to Taiwan through Northrop Grumman
The executive branch of the United States is required by law to inform Congress of possible arms sales that exceed a specific threshold. However, these notices are often not sent
Nirmacom generic Paxlovid, a COVID-19 oral medication developed by Hetero, has received WHO prequalification
According to the drugmaker’s press statement, this is the first prequalification for a generic version of Pfizer’s COVID-19 oral anti-viral medicine generic Paxlovid which the WHO has dubbed the best
Tredence, a data science business, has raised $175 million in investment led by Advent International
The San Jose-based firm intends to utilize the funds to accelerate its expansion, improve vertical competencies, and broaden its client base. Tredence, a supplier of data science and artificial intelligence
Sula Vineyard will take some time to become active. Bow out now or raise a glass to the long haul
Analysts have said unequivocally that the stock is not a short-term investment. Those looking for short-term returns should go elsewhere. As Sula Vineyard, India’s largest winemaker launched on bourses without
The market continues to fall, while 40 BSE small-cap stocks outperform the market with gains ranging from 10 to 54%.
This week, the BSE Small-cap index finished flat, while the Large-cap and Mid-cap indexes both dropped more than a percent. Experts believe that global news flows and initiatives made by
While Elon Musk and Jeff Bezos are focusing on space, one billionaire is looking to profit from the water.
Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, has invested in a firm that manufactures submarines for the super-rich and assists them in exploring the world’s
ICAO, the United Nations Aviation Organization, refutes SpiceJet’s assertion.
UN Aviation Organization The International Civil Aviation Organization (ICAO) said that ICAO teams perform industry visits to check the efficacy of the civil aviation authority’s safety oversight, emphasizing that these
Byju’s employees speak up about the difficult working conditions there.
Byju claim that the company uses predatory and exploitative working conditions and dishonest sales techniques, such as profiling, chasing, and forcing prospective students from less privileged backgrounds to purchase its
The US has ban Chinese telecoms equipment due to security concerns. Market gets affected.
In recent years, United States officials have grown increasingly wary of Chinese telecommunications companies and technology. The import or sale of communications equipment from China’s Huawei Technologies and ZTE has
Paytm Payments Services has been asked by the RBI to reapply for a payment aggregator licence.
Paytm also stated that it will continue to onboard new offline merchants and offer them payment services such as All-in-One QR, Soundbox, Card Machines, etc. Paytm Payments Services Limited has
Hewlett-Packard (HP) will eliminate 6,000 positions and 10% of its global staff to address the “challenging market situation.”
In response to the diminishing demand for personal computers that have reduced revenues, HP Inc. may axe up to 6,000 employees. The Hewlett-Packard Company (HP) will eliminate up to 6,000
Areez Khambatta, the creator of Rasna, died at the age of 85 after suffering a heart arrest.
The corporation also stated that Khambatta’s tireless efforts resulted in the creation of thousands of jobs, both directly and indirectly. Areez Khambatta, the guy of the popular home-grown beverage Rasna,
Employees at Infosys are permitted to work on outside projects with the prior approval of their managers
The term’moonlighting’ is never mentioned in the email because it technically implies dual employment, which is still illegal. The company’s decision to recognize and enable gig work is a step
Mukesh Ambani’s Reliance will rely on its $200 billion balance sheet and take advantage of its low cost of capital – here’s how
The digital footprints of consumers could aid Mukesh Ambani’s financial services ambitions and unlock shareholder value. Five exabytes of storage would be sufficient to record every word ever spoken by
Despite poor markets, Rakesh Jhunjhunwala’s portfolio stock hits the upper circuit
On Friday, Rakesh Jhunjhunwala’s portfolio business announced the complete acquisition of its subsidiary company DB Man. Despite today’s stock market downturn, Rakesh Jhunjhunwala-backed DB Realty shares have reached the upper
Ola, Uber, and Rapido automobiles are now banned in Bengaluru, and their services will be discontinued in three days.
After commuters complained about overcharging, the state transportation department declared the services unlawful. Commuters have complained that Ola and Uber charge a minimum of Rs 100 for distances of less
In September, service sector activity fell to a 6-month low under inflationary pressures, according to the PMI
The seasonally adjusted S&P Global India Services PMI Business Activity Index decreased to 54.3 in September, down from 57.2 in August, indicating the slowest rate of growth since March. According
Miko, an obotics firm, has acquired a 70% share in Square Off and expects to generate $100 million in sales by next year
Miko’s cofounder and CEO, Sneh Vaswani, stated that the purchase is a natural fit for two firms that share a love for robotics and learning. According to a release, the
Britannia Industries moves into Africa with a transaction in Kenya
India’s largest cookie manufacturer partnered with Nairobi-based Kenafric Industries to acquire Catalyst Capital-backed Britannia Foods Ltd. in Kenya. Britannia Industries Ltd., India’s largest cookie producer, has signed an agreement for
‘Small’ businesses will grow when the government changes the definition in the Companies Act of 2013
According to the government, the updated definitions will make it easier for businesses to conduct business. The capital and turnover requirements for “small” businesses have been doubled by the government.
Gujarat is home to India’s first chip factory, which will cost $20 billion
Last year, a significant shortfall in the semiconductor supply chain impacted a wide range of sectors, including electronics and automobiles. Vedanta and Foxconn, the Taiwanese electronics manufacturing behemoth, will invest
Toyota will invest $5.3 billion to increase battery production in the US and Japan.
The Japanese company established a two trillion dollar budget in December for the research and development of automobile batteries, which includes a portion of the funds. Toyota announced on Wednesday
As the pre-IPO investors lock-in period comes to an end, Zomato shares drop almost 14% to a new lifetime low
Price of Zomato Share, How Zomato stock dropped 14%: During Monday’s morning trading, Zomato shares fell 14.26% to Rs. 46 per share on both the BSE and National Stock Exchange
Sensex increased by 2,000 points in just 4 days. Key factors for the rebound are discussed
Some analysts have cautioned investors, warning that selling might reappear at greater levels. On the strength of encouraging global indications, Indian stock markets surged Thursday, extending the recent winning streak
TCS is the greatest underperformer, with six of the top ten companies losing Rs. 1.68 trillion in market capitalization
Last week, six of the ten most valuable companies saw a collective loss of Rs 1,68,260 crore from their market worth, primarily due to TCS and a generally negative trend
To increase the profitability of its commercial vehicle business, Tata Motors hires McKinsey
The mission for McKinsey includes a thorough plan to deal with pricing, margins, structure, rightsizing, worldwide company expansion, etc. over the course of the proposed 12-month relationship. According to four
Great Learning, owned by Byju’s, has come under fire for “mis-selling” an IIT-Bombay course
More than 130 former employees of the Singapore-based edtech company that Byju’s bought last year claim that the company misrepresented a course given by IIT-Bombay as a postgraduate programme. When
City Union Bank and Bajaj Allianz Life Insurance have a strategic alliance
Customers of City Union Bank will be able to achieve their long-term financial objectives by purchasing value-packed products from Bajaj Allianz Life, including term, savings, retirement, investment solutions, and more.
Vivo tax debacle: Vivo sent Rs 62,476cr worth of turnover to China to avoid getting taxed in India says ED
On Thursday, July 7, the Enforcement Directorate (ED), which is looking into Chinese smartphone maker Vivo in connection with an alleged money laundering case, said that its Indian business transferred
Dutch startup introduces world’s first solar electric car, months of charge less driving
Later this year, a Dutch company will begin shipping the world’s first production-ready solar car to clients, offering months of charge-free driving in summer weather. Lightyear, founded in the Netherlands
From a youtube channel to a unicorn- PhysicsWallah becomes India’s first profitable edtech unicorn
Westbridge and GSV Ventures have invested $100 million in PhysicsWallah in a Series A investment. PhysicsWallah, commonly known as PW, an edtech business, is the newest Indian startup to join
Aether Industries’ stock is expected to go public tomorrow. Here’s what you need to know.
Analysts expect Aether Industries shares may list at a marginal premium “Aether Industries got a better response compared to the recent IPOs. Experienced promoters, decent margins and impressive top-bottom line
Booze in 10 minutes: Hyderabad Startup launches 10-minute liquor delivery
A Hyderabad-based business has announced the debut of its 10-minute liquor delivery service in Kolkata. Innovent Technologies Private Limited’s flagship brand, Booozie, claims to be India’s first 10-minute booze delivery
Viacom18 to receive Rs 13,500 crore from Bodhi Tree, To Build India’s Leading Entertainment Platform?
A consortium of investors, including Bodhi Tree Systems, will invest Rs 13,500 crore in Viacom 18. Reliance Industries and Viacom TV18 have joined forces with Bodhi Tree System, which is
HDFC to sell 10% stake in HDFC Capital to Abu Dhabi Investment Authority
“…This investment will help leverage ADIA’s global expertise and experience to further propel HDFC Capital towards becoming a leading investment platform,” said HDFC chairman Deepak Parekh. “…This investment will help
Will respond strongly to frauds: Sequoia Capital on controversy-hit BharatPe
Sequoia, which holds the largest share in BharatPe, where co-founder Ashneer Grover was virtually terminated, said it will not hesitate to protect stockholders’ and employees’ interests, no matter how costly
India’s first biomaterial startup Phool.co raises $8 million
Direct-to-consumer (D2C) home fragrance and wellness brand Phool.co has raised $8 million in a new round from consumer-focused venture fund, Sixth Sense Ventures. Phool.co, India’s first biomaterial company and fragrance-focused
Blockchain Startup Kandola raises USD 450K Funding Led by AlphaWave, Sandeep Nailwal and others
In order to build a strong blockchain community, Siddharth Banerjee, Krithika Radhakrishnan, and Sriram Padmanabhan founded the startup. Kandola, a blockchain firm, announced a $450,000 pre-seed financing. The cash generated
OneWeb Launching Satellites With SpaceX After Suspending Ties With Russian Agency
After suspending launches from Russia’s Baikonur Cosmodrome in Kazakhstan, OneWeb will resume satellite launches with Elon Musk’s SpaceX. Bharti Group-sponsored OneWeb has reached a global deal with Elon Musk’s aerospace
Mahindra Logistics acquires last-mile delivery firm ZipZap for Rs 72 crore
MLL currently serves more than 400 corporate customers in various industries including automotive, engineering, consumer goods and e-commerce. Mahindra Logistics Limited (MLL), helmed by Anand Mahindra, has purchased a 60%
BigBasket acquires Kerala startup Agrima Infotech.
BigBasket will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology platform, Psyight, at the self-checkout counters of the former’s retail stores. BigBasket, a Tata Group-owned etailer, revealed on
HealthTech Startup GOQii Bags $50 Million Funding in Series C Round.
GOQii, a healthtech platform, recently secured $50 million in a Series C fundraising round headed by global venture capital company Sumeru Ventures, with participation from additional investors including 9Unicorns, Modality,
BYJU’S Plunges $200 Million Into Hybrid Learning With BYJU’S Tuition Centre For School Children.
BYJU’S Plunges $200 Million Into Hybrid Learning With BYJU’S Tuition Centre For School Children. By early next year, BYJU’S Tuition Centre will be available in 200 cities across 80 centres
Zuckerberg wants his employees to be ‘Metamates,’ putting their ‘ship’ and crew before their own needs
Zuckerberg wrote on Facebook, “Meta, Metamates, Me is about being good stewards of our company and mission. It’s about the sense of responsibility we have for our collective success and
January unemployment rate falls sharply to 6.57%, lowest level since March 2021
Following a significant decrease in rural unemployment, India’s jobless rate dropped sharply in January to 6.57 percent, the lowest since March 2021. The unemployment rate increased significantly in December, rising
Crypto banks shut in the world’s ‘most crypto-friendly economy
As Singapore’s central bank limits consumer advertising of cryptocurrencies, cash-dispensing ATMs, which provide a convenient platform for trading digital tokens, are being taken offline. As the country’s central bank curbs
