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A new consumer survey will monitor internet spending to reflect an accurate economic picture-thumnail

A new consumer survey will monitor internet spending to reflect an accurate economic picture

It’s known as the “next-generation consumption survey.” The current government consumer study goes beyond asking what you eat, wear, and possess.

Business

Jun 19, 2023

iPhone exports in India reached a record level of Rs 10,000 crore-thumnail

iPhone exports in India reached a record level of Rs 10,000 crore

According to industry figures, India’s iPhone exports reached a record high of Rs 10,000 crore in May, driving up the country’s outbound shipments of smartphones to Rs 12,000 crore for the month.

Business

Jun 19, 2023

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market-thumnail

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Business

Jun 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Business

Jun 19, 2023

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”-thumnail

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”

“Government data reveals that Jan Aushadhi, the affordable medicine store in India, experiences significant sales from diabetes and cardiovascular drugs. With over 33% of total sales attributed to these conditions,

Business

Jun 17, 2023

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India-thumnail

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India

According to persons in the know, India is prepared to take a $3 billion investment from US semiconductor maker Micron in order to build an OSAT facility—an outsourced semiconductor assembly and test facility—with at least four production lines.

Business

Jun 17, 2023

Adani Digital Labs acquires an online train booking portal, Trainman-thumnail

Adani Digital Labs acquires an online train booking portal, Trainman

AEL disclosed that its wholly-owned subsidiary, Adani Digital Labs Private Limited, inked a share purchase agreement to obtain a complete stake of 100 percent in Stark Enterprises Private Limited (SEPL), also known as Trainman.

Business

Jun 17, 2023

Tatas want to accelerate the cooperation between AI Express and AirAsia-thumnail

Tatas want to accelerate the cooperation between AI Express and AirAsia

Air India, which is controlled by Tata Sons, has applied to the civil aviation regulator DGCA for a waiver on merger laws for Air India Express and AirAsia India. Before the NCLT approves the merger process, it wants permission to use the same pilots and cabin personnel and sell tickets under a single name.

Business

Jun 17, 2023

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks-thumnail

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

Business

Jun 16, 2023

Vodafone Idea has dropped 25,000 retail partners as a cost-cutting strategy, according to a report-thumnail

Vodafone Idea has dropped 25,000 retail partners as a cost-cutting strategy, according to a report

Cash-strapped In a cost-cutting drive, Vodafone Idea allegedly expelled over 25,000 of its retail partners throughout the nation. According to the Economic Times, Vi has pulled its partners from the multi-brand shop market, and the business has stopped paying a fee.

Business

Jun 16, 2023

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones-thumnail

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones

Whispers from insiders have spilt the beans that the defence ministry has given the nod for the procurement of MQ-9B SeaGuardian drones.

Business

Jun 16, 2023

India’s trade deficit touched $22.12 billion in May 2023-thumnail

India’s trade deficit touched $22.12 billion in May 2023

Investments and Internal Trade (DPIIT) had devised a trading strategy to address the slowdown in the developed world, which is India’s major importer.

Business

Jun 16, 2023


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