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Home > Articles
In July, Adani Ports reported a 7% YoY increase in cargo volumes; the CEO of Logistics resigned-thumnail

In July, Adani Ports reported a 7% YoY increase in cargo volumes; the CEO of Logistics resigned

The Adani Group company Adani Ports and Special Economic Zone Ltd. reported record cargo volumes of 34 MMT in July of this year, a 7% increase year over year (YoY).

Business

Aug 3, 2023

With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric-thumnail

With a ₹1,200 crore investment, Temasek will be able to purchase up to 3% of Mahindra Electric

Mahindra & Mahindra Ltd. (M&M) said that Temasek, a worldwide investment corporation, will invest ₹1,200 crore in Mahindra Electric Automobile Ltd. (MAEL), its subsidiary for electric vehicles.

Business

Aug 3, 2023

The government restricts the import of laptops, tablets, PCs, and Servers-thumnail

The government restricts the import of laptops, tablets, PCs, and Servers

The recent announcement, by the government restricts the import of laptops, tablets, and computers allowing imports. There are some exceptions though. Individuals can import one item through channels and for research and development purposes up to 20 items per shipment are allowed.

Business

Aug 3, 2023

SBFC Finance IPO opens for public subscription today-thumnail

SBFC Finance IPO opens for public subscription today

The anticipated initial public offering (IPO) of SBFC Finance will be open, for subscription from August 3 to 7.

Finance

Aug 3, 2023

Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy-thumnail

Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy

Tenstorrent, a Canadian firm, has received $100 million in financing from Hyundai, Samsung, and Kia to challenge Nvidia’s supremacy in AI chip supply.

Artificial Intelligence

Aug 3, 2023

DBS Group Reports Record-Breaking Second-Quarter Profit Amidst Rising Interest Rates-thumnail

DBS Group Reports Record-Breaking Second-Quarter Profit Amidst Rising Interest Rates

Singapore’s largest bank, DBS Group, has announced a remarkable 48% surge in its second-quarter profit, beating forecasts and setting a new record.

Business

Aug 3, 2023

Shopify anticipates good revenue growth due to higher pricing and increased signups-thumnail

Shopify anticipates good revenue growth due to higher pricing and increased signups

The firm anticipates revenue growth in the “low-twenties” percentage and “mid-twenties” when adjusted for adjustments linked to the disposal of its logistics business in the third quarter. Analysts predicted a

E-Commerce

Aug 3, 2023

Asian stocks draw foreign money as US rate hikes could be nearing an end-thumnail

Asian stocks draw foreign money as US rate hikes could be nearing an end

Foreign investors purchased Asian stocks for the fourth consecutive month in July, a change from the Federal Reserve’s previous tightening cycle, which resulted in significant outflows from riskier assets.

Finance

Aug 3, 2023

Nykaa CEO Falguni to lead marketing operation  after 6 executives quit-thumnail

Nykaa CEO Falguni to lead marketing operation after 6 executives quit

Nykaa, a major Indian cosmetics-to-fashion retailer, has seen several key executives, including the Chief Marketing Officer, resign amidst heightened competition in the rapidly growing sector. Nykaa’s founder takes direct oversight,

Business

Aug 3, 2023

PayPal’s low margin outweighs the positive spending expectation-thumnail

PayPal’s low margin outweighs the positive spending expectation

In previous quarters, analysts have expressed concern about PayPal’s underwhelming margins. The company’s low-margin business goods have risen rapidly, but branded product growth has stalled owing to rising competition from

Business

Aug 3, 2023

Private equity firm KKR buys majority stake in Leap India-thumnail

Private equity firm KKR buys majority stake in Leap India

KKR, an equity firm has recently acquired a significant ownership interest, in LEAP, which is India’s top pallet pooling platform. LEAP provides a range of services.

Business

Aug 3, 2023

PM says Mongolia will deepen rare earths cooperation with US during Washington visit-thumnail

PM says Mongolia will deepen rare earths cooperation with US during Washington visit

Prime Minister L. Oyun-Erdene of Mongolia said during a visit to Washington on Wednesday that his country will expand its collaboration with the United States to mine rare earths, but

Economy

Aug 3, 2023


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