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Government imposes 5-year dumping duty on SMOF fiber optic cable from China, Indonesia, and South Korea-thumnail

Government imposes 5-year dumping duty on SMOF fiber optic cable from China, Indonesia, and South Korea

In an effort to support the domestic optical fibre­ industry, which has been struggling with lower-quality imports, the­ Finance Ministry has implemente­d definitive anti-dumping duties on spe­cific optical fiber imports from China, South Korea, and Indonesia.

Indian Govt

Aug 5, 2023

India needs to establish a strong low-carbon manufacturing sector-thumnail

India needs to establish a strong low-carbon manufacturing sector

Sector experts have argued that India would need to create a thriving low-carbon manufacturing economy given the nation’s lofty net-zero and energy transformation ambitions.

Manufacturing

Aug 5, 2023

US FDA green flags to first post-partum depression pill-thumnail

US FDA green flags to first post-partum depression pill

Federal approval signifies a mome­ntous milestone as Zurzuvae, which is designed to alleviate­ severe as post-partum de­pression pill, becomes re­adily available. Administered ove­r a span of 14 days, this treatment

News

Aug 5, 2023

ITC hotels mulling plans to list on the stock market; board meeting on 14th August-thumnail

ITC hotels mulling plans to list on the stock market; board meeting on 14th August

ITC, an Indian conglomerate, has announced its plans to list its hote­l business, ITC Hotels, within the ne­xt 6-9 months. This decision comes after a board me­eting held on August 14 and is aimed at furthe­r enhancing the growth potential of the­ hotel segment.

Business

Aug 5, 2023

Blackstone planning to acquire 33.47% promoters stake in Cipla and eventually 59.4%-thumnail

Blackstone planning to acquire 33.47% promoters stake in Cipla and eventually 59.4%

Blackstone, an equity firm is preparing to make an offer, for a significant share in Cipla, which happens to be the third largest generics company in India. If successful Blackstone

Business

Aug 4, 2023

Growing demand for gig workers in businesses, with 55% of employers employing-thumnail

Growing demand for gig workers in businesses, with 55% of employers employing

White-collar gig employment has seen an increase in demand recently.  A research from the personnel solutions company CIEL Group indicates that 55% of the business has engaged gig workers. Notably,

Business

Aug 4, 2023

Dabur makes clues about D2C purchases with a focus on modern brands-thumnail

Dabur makes clues about D2C purchases with a focus on modern brands

Dabur India, a firm that produces fast-moving consumer products, is looking to buy companies in the direct-to-consumer space as it strives to get into the market for cutting-edge brands. The

Business

Aug 4, 2023

Byju’s misses 3rd August deadline set by its creditors to amend the terms of a $1.2 bn debt-thumnail

Byju’s misses 3rd August deadline set by its creditors to amend the terms of a $1.2 bn debt

Struggling ed-tech giant Byju’s misses yet another debt revision deadline, intensifying challenges amid disputes over a $1.2 billion loan. Lenders sought amended terms, including higher interest and partial repayment, but

Education

Aug 4, 2023

Autonomous vehicle technology startup Pony.Ai to set up $139 mn robotaxi jv with Toyota-thumnail

Autonomous vehicle technology startup Pony.Ai to set up $139 mn robotaxi jv with Toyota

Pony.Ai and Toyota have joined forces in a billion yuan venture aimed at producing robotaxis on a large scale.

Business

Aug 4, 2023

TVS Supply Chain Solutions IPO to open on 10th August for Subscription-thumnail

TVS Supply Chain Solutions IPO to open on 10th August for Subscription

TVS Supply Chain Solutions Ltd, based in Chennai will soon begin its public subscription period from August 10th to 14th. The company aims to raise around Rs 600 crore through this initiative. Known for its handling of supply chains TVS Supply Chain intends to utilize the funds for repaying its debts. The company has demonstrated growth, in FY23 displaying trends, in both revenue and profit.

Business

Aug 4, 2023

Apple’s Q3-: Services sales revenue compensates again for iPhone sales dip-thumnail

Apple’s Q3-: Services sales revenue compensates again for iPhone sales dip

Apple’s Q3 earnings revealed a mixed performance with iPhone revenue dipping to $39.67B from $40.66B last year. However, a robust services sector surged from $19.6B to $21.2B YoY, surpassing predictions. CEO Tim Cook hailed the growth of paid subscriptions and emphasized the company’s commitment to values and innovation.

Business

Aug 4, 2023

As international travel rebounded, Airbnb forecasts upbeat revenue-thumnail

As international travel rebounded, Airbnb forecasts upbeat revenue

On Thursday, Airbnb gave a third-quarter revenue prediction that was higher than market expectations, but industry concerns about a slowing domestic market caused Airbnb’s shares to decline 1.2% in after-hours

Finance

Aug 4, 2023


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