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HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half-thumnail

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half

HSBC in Europe with a market value of $162 billion had an impressive first-half performance. Its profits more than doubled to $21.7 billion thanks to the increase in interest rates

Finance

Aug 1, 2023

Launched 11-inch Reliance JioBook with JioOS for the price of Rs 16,499-thumnail

Launched 11-inch Reliance JioBook with JioOS for the price of Rs 16,499

Reliance Jio introduced its brand-new JioBook laptop to the nation. The laptop has an 11-inch HD screen and is powered by an octa-core CPU. The ‘first learning book’ in the nation, JioBook, will be offered starting on August 5.

New Launch

Aug 1, 2023

Block deal in real estate firm DLF to be executed by an exiting promotor at a 3% discount-thumnail

Block deal in real estate firm DLF to be executed by an exiting promotor at a 3% discount

DLF, a known real estate developer is planning to conduct a block deal on August 1st worth Rs 1,086.2 crore. They are offering a 3 percent discount compared to the market price. In the quarter that ended in June 2023, DLF exceeded analysts’ expectations by generating a profit of Rs 526.11 crore. As part of their re-entry, into the Mumbai market, DLF has partnered with Trident Group. Together they plan to launch a project in Andheri West spanning over nine lakh sq ft. The company is investing Rs 400 crore as equity, for this development initiative.

Business

Aug 1, 2023

Reliance and Brookfield strike an agreement to manufacture renewable energy equipment there-thumnail

Reliance and Brookfield strike an agreement to manufacture renewable energy equipment there

Reliance Industries Ltd. (RIL), the oil-to-telecom giant headed by billionaire Mukesh Ambani, revealed on Tuesday that Brookfield Asset Management and it had inked a Memorandum of Understanding (MoU) for the

Industry

Aug 1, 2023

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%-thumnail

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%

“Oil marketing companies have reduced commercial cylinders or LPG gas prices, benefiting businesses with lower costs. Domestic cooking gas rates remain unchanged.

Business

Aug 1, 2023

Japan’s chip supplier Disco mulling plans to establish a facility in India-thumnail

Japan’s chip supplier Disco mulling plans to establish a facility in India

Disco, a supplier of chipmaking devices is contemplating the idea of establishing a center, in India. This center would not provide support to clients. Also, serve as a marketing hub for the semiconductor industry. The fact that major companies like AMD and Micron Technology are investing significantly in India indicates a transformation, in the country’s semiconductor landscape.

Industry

Aug 1, 2023

Meet Navneet Maheshwari- A Financial Market Expert-thumnail

Meet Navneet Maheshwari- A Financial Market Expert

The world is berserk when it comes to visualizing that comfortable life you might hope for you and your family. Everywhere an aspiring citizen might drop an eye screams challenging

Business

Jul 31, 2023

Fintech startup RupeeRedee secures $3.5 mn in funding-thumnail

Fintech startup RupeeRedee secures $3.5 mn in funding

RupeeRedee, a fintech startup in India, secured $3.5 million in equity funding from its parent company Digital Finance International. This funding aims to expand its operations and enhance product offerings,

Finance

Jul 31, 2023

Amid U.S. tech tensions, China curbs exports of drone-related equipment-thumnail

Amid U.S. tech tensions, China curbs exports of drone-related equipment

China on Monday announced export restrictions on some drone-related equipment, claiming that it was doing so to protect “national security and interests” in the face of rising tensions with the

Industry

Jul 31, 2023

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook-thumnail

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook

While maintaining its 12-month Brent price forecast of $93 per barrel, Goldman Sachs revised up its global oil demand forecast for the year on Sunday as higher realised inventories offset

Finance

Jul 31, 2023

In China, Toyota will boost EV development and technology-thumnail

In China, Toyota will boost EV development and technology

The world’s largest automaker, Toyota, declared its intention to accelerate the development of electric vehicle (EV) technology in China, indicating a tactical move to combat the fierce competition in the

Automation

Jul 31, 2023

Persistent Systems partners with Google Cloud; launches Google Cloud-powered Generative AI solutions-thumnail

Persistent Systems partners with Google Cloud; launches Google Cloud-powered Generative AI solutions

Persistent Systems and Google Cloud have deepened their collaboration by introducing a variety of Generative AI solutions.

AI

Jul 31, 2023


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