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Tag: Business
ASML Reports Strong Q2 Earnings and Raises Sales Outlook on Chinese Demand-thumnail

ASML Reports Strong Q2 Earnings and Raises Sales Outlook on Chinese Demand

ASML, the leading Dutch semiconductor equipment manufacturer, surpassed market expectations with its second-quarter earnings and revised its full-year sales forecast upwards.

Business

Jul 19, 2023

Indian Government Considers Postponing Hindustan Zinc Stake Sale Amid Industry Challenges-thumnail

Indian Government Considers Postponing Hindustan Zinc Stake Sale Amid Industry Challenges

The Indian government is reportedly contemplating a delay in its plans to sell its stake in Hindustan Zinc (HZNC.NS) due to the current state of the industry.

Business

Jul 19, 2023

In Season 1, Sharks invested in 27 of 65 committed agreements-thumnail

In Season 1, Sharks invested in 27 of 65 committed agreements

Research by PrivateCircle Research shows that more than a year after Shark Tank India Season 1, seven sharks invested in 27 of 65 committed agreements.

Business

Jul 19, 2023

Live streamers from China are focusing on TikTok sales to consumers in the US and Europe-thumnail

Live streamers from China are focusing on TikTok sales to consumers in the US and Europe

Despite doubts about the platform’s future in the US and other countries, live streamers from China have focused on TikTok users in the US and Europe, peddling anything from bags and clothing to crystals with an eye on a potentially profitable market.

Business

Jul 19, 2023

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats-thumnail

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats

Brian Armstrong, the CEO of Coinbase, will speak on the future of digital asset legislation during a private meeting with a group of Democrats from the US House of Representatives on Wednesday morning.

Business

Jul 18, 2023

China will appoint Unicom CEO Liu Liehong to lead a new data bureau-thumnail

China will appoint Unicom CEO Liu Liehong to lead a new data bureau

According to Reuters, Liu Liehong, 54, a veteran of electronics and information technology who now serves as the chairman of China Unicom, will take over the National Data Bureau in the coming days.

Business

Jul 18, 2023

Ashok Leyland secures Rs. 800 crore defense sector orders-thumnail

Ashok Leyland secures Rs. 800 crore defense sector orders

Ashok Leyland, a company that specializes in manufacturing automobiles has recently been awarded defense contracts Rs 800 crore. These contracts involve the acquisition of the Field Artillery Tractor (FAT 4X4) and the Gun Towing Vehicle (GTV 6X6). These vehicles will play a role, in the government’s initiatives to promote manufacturing, in the defense sector.

Business

Jul 17, 2023

Sheela Foam of Sleepwell Mattresses to acquire Kurlon Enterprises for Rs. 2,150 Cr-thumnail

Sheela Foam of Sleepwell Mattresses to acquire Kurlon Enterprises for Rs. 2,150 Cr

In a twist, Sheela Foam Ltd has decided to acquire its competitor, Kurlon Enterprise Ltd in a transaction, at a reduced price of Rs 2,150 crore. This strategic move is aimed at enhancing Sheela Foam’s’ market presence and capitalizing on cost advantages, synergies, and improved access, to materials.

Business

Jul 17, 2023

India and Indonesia plan to trade local currencies and link up for fast payments-thumnail

India and Indonesia plan to trade local currencies and link up for fast payments

In order to promote cross-border financial transfers, India and Indonesia intend to settle bilateral transactions s in local currencies and connect their quick payment systems, according to a top Indian government official.

Business

Jul 17, 2023

Indians are purchasing TVs which are more expensive than cars-thumnail

Indians are purchasing TVs which are more expensive than cars

Since the beginning of 2023, the category of TVs has grown by 13%. The purchasing power of Indians has increased in terms of the electronic category, especially in the section of Big Screen-TVs.

Business

Jul 15, 2023

Mufti jeans brand owner Credo Brands Marketing Ltd files DHRP with SEBI for IPO-thumnail

Mufti jeans brand owner Credo Brands Marketing Ltd files DHRP with SEBI for IPO

Credo Brands Marketing Ltd, renowned for its highly sought-after Mufti jeans brand has recently lodged preliminary documents for an initial public offering (IPO) in India. This proposed IPO entails a complete offer for sale by current shareholders and promoters. Noteworthy is the fact that the company commands a substantial market share in the men’s casual wear sector and boasts an extensive network of 1,773 touchpoints nationwide.

Business

Jul 14, 2023

US federal court denies FTC’s request to block $69 Microsoft-Activision deal-thumnail

US federal court denies FTC’s request to block $69 Microsoft-Activision deal

In an unexpected twist. A US federal court has declined the FTC’s request to halt Microsofts $69 billion acquisition of Activision Blizzard. This court ruling follows a previous favorable ruling

Business

Jul 14, 2023


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