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HCL Technologies bags a $2.1 bn deal from Verizon for Managed Network Services-thumnail

HCL Technologies bags a $2.1 bn deal from Verizon for Managed Network Services

HCL Technologies has secured a $2.1 billion agreement, with Verizon Business to provide managed network services. This deal is expected to have an impact on revenue for the six years starting from November 2023.

Business

Aug 11, 2023

Russia launches first lunar spacecraft in 47 years, touch down on 21st Aug-thumnail

Russia launches first lunar spacecraft in 47 years, touch down on 21st Aug

Russia, after a 47-year pause, successfully launched its latest lunar exploration endeavor on Friday. The aim is to achieve the distinction of making a gentle landing at the lunar south pole, a region thought to contain valuable reservoirs of water ice. 

News

Aug 11, 2023

Financial Setbacks Resulting from Interruptions in the Supply Chain Witness a Decline of Over 50% in 2022, Yet Hindrances Persist-thumnail

Financial Setbacks Resulting from Interruptions in the Supply Chain Witness a Decline of Over 50% in 2022, Yet Hindrances Persist

A recent inquiry orchestrated by Interos, a foremost entity specializing in the management of risks linked to supply chains, discloses that monetary setbacks arising from disruptions in the supply chain experienced a substantial reduction exceeding 50% on an average scale throughout 2022

Business

Aug 10, 2023

Godrej Consumer to establish a 515 crore manufacturing facility in Tamilnadu-thumnail

Godrej Consumer to establish a 515 crore manufacturing facility in Tamilnadu

Godrej Consumer Products Limited is set to establish a cutting-edge manufacturing facility in the state, with a substantial investment of Rs 515 crore over the next five years. The company disclosed this development in a filing made on Thursday.

Business

Aug 10, 2023

Axis Bank to raise stake in insurer Max Life to 16.2% from 9.99%-thumnail

Axis Bank to raise stake in insurer Max Life to 16.2% from 9.99%

Axis Bank, an institution based in India intends to increase its ownership, in Max Life insurance from 9.99% to 16.2% by making an investment of 16.12 billion rupees.

Business

Aug 10, 2023

Despite a dip in orders, Deliveroo raises its earnings forecast-thumnail

Despite a dip in orders, Deliveroo raises its earnings forecast

Deliveroo, a British food delivery service, raised its full-year profitability outlook on Thursday after a robust first half in tough market circumstances that saw its overall orders dip 6%.

Business

Aug 10, 2023

Chinese authorities lift bans on group tours to the United States, Japan, and other key markets-thumnail

Chinese authorities lift bans on group tours to the United States, Japan, and other key markets

Chinese authorities lift bans on group tours to the United States, Japan, and other key markets

Business

Aug 10, 2023

TVS Supply chain solutions IPO live from 10-14th August for subscription-thumnail

TVS Supply chain solutions IPO live from 10-14th August for subscription

TVS SCS, a company, plans to generate Rs 880 crore through its initial public offering (IPO) with the objective of reducing debt and fueling growth. By issuing shares of Rs

Business

Aug 10, 2023

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks-thumnail

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks

CapitaLand Investment Limited (CLI) is launching CapitaLand India Growth Fund 2 (CIGF2) an initiative, with a value of S$525 million. The focus of this fund is on acquiring high-quality Grade A business parks in cities across India

Business

Aug 10, 2023

Network International’s sales and profit are increasing due to increased demand-thumnail

Network International’s sales and profit are increasing due to increased demand

The United Arab Emirates, Network International’s home market, has seen great development, with high consumer expenditure thanks to the region’s healthy tourism.

Business

Aug 10, 2023

VC firm Antler launches platform to help Founders build for and engage with ONDC-thumnail

VC firm Antler launches platform to help Founders build for and engage with ONDC

Antler, a venture capital firm, in its stages, has introduced a platform in collaboration with Infosys Nandan Nilekani to assist entrepreneurs in establishing a digital commerce network (ONDC). The ONDC

Business

Aug 10, 2023

RBI increases UPI Lite transaction limit to Rs. 500 cr; totally PIN Free-thumnail

RBI increases UPI Lite transaction limit to Rs. 500 cr; totally PIN Free

RBI proposes raising the UPI Lite transaction limit to Rs 500 for smoother small-value payments, reducing authentication for speed. NFC tech enables offline payments, addressing weak connectivity issues.

Business

Aug 10, 2023


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