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Tag: Business
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

GoStudents raises another $95 mn to double down on VR & Ai capabilities-thumnail

GoStudents raises another $95 mn to double down on VR & Ai capabilities

Go Student, a prominent ed-tech unicorn secures an impressive $95 million in a strategic funding round from investors including Deutsche Bank and Left Lane Capital.

Business

Aug 4, 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

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

Ambuja Cements acquires 56.74 % stake in Sanghi industries at 5000 cr valuations-thumnail

Ambuja Cements acquires 56.74 % stake in Sanghi industries at 5000 cr valuations

Ambuja Cements has made an acquisition of Sanghi Industries Ltd for Rs 5,000 crore. The acquisition was funded internally. This has allowed Ambuja Cements to secure a controlling stake of 56.74%.

Business

Aug 3, 2023

Over $10 billion was deposited in Apple’s high-yield savings accounts-thumnail

Over $10 billion was deposited in Apple’s high-yield savings accounts

The iPhone manufacturer estimated the entire amount of deposits at around $10 billion in a news release on Wednesday. According to Apple, that money accumulated throughout the roughly 3.5 months that Apple Card customers had the option of opening them.

Business

Aug 3, 2023

Prosus-backed Fintech firm PayU gearing up for stock debut next year-thumnail

Prosus-backed Fintech firm PayU gearing up for stock debut next year

PayU, a financial technology company supported by Prosus is preparing to make its debut on the stock exchange. Its estimated value is expected to be $6- 6.5 billion. The company, led by Arvind Agarwal, who previously served as CFO, at Nykaa plans to share its draft prospectus in the year.

Finance

Aug 2, 2023

Unstop, a community engagement and hiring platform for students raises $5 million in funding-thumnail

Unstop, a community engagement and hiring platform for students raises $5 million in funding

Unstop, a platform based in Delhi has recently received funding of $5 million. The funding round was led by Mynavi, from Japan and Coursera which marks Courseras’s investment in a company.

Business

Aug 2, 2023

Ambuja Cements acquires a majority stake in Sanghi Industries at a $729 million valuation-thumnail

Ambuja Cements acquires a majority stake in Sanghi Industries at a $729 million valuation

India’s Ambuja Cements is planning to bolster its cement portfolio by acquiring a majority stake, in Sanghi Industries. This strategic move, spearheaded by billionaire Gautam Adanis’s company signifies their commitment to expanding in the sector. Adani’s cement holdings, which include Ambuja and ACC Ltd currently have a production capacity of, over 65 million tonnes throughout India.

Business

Aug 2, 2023

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness-thumnail

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness

Asia’s factory activity shrank in July, as shown by private surveys, signaling a slowdown in global growth and the impact of China’s weakening economy on the region’s fragile recovery.

Business

Aug 1, 2023

Meet Ajay Singh- The serial entrepreneur bolstering business landscape in Kalimpong-thumnail

Meet Ajay Singh- The serial entrepreneur bolstering business landscape in Kalimpong

There will always be challenges in life and we have to learn how to navigate ourselves to our objective through that. Nobody is saying that life should be easy and

Business

Jul 31, 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


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