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Tag: Business
Hyundai Motor Forecasts Weaker Growth in 2024, Citing Poor Demand and Macroeconomic Concerns-thumnail

Hyundai Motor Forecasts Weaker Growth in 2024, Citing Poor Demand and Macroeconomic Concerns

Hyundai Motor, which launched a new tab on Thursday, forecast slower sales growth this year owing to weak demand and economic risks such as interest rates and inflation, posing further

Business

Jan 25, 2024

Thermal Power Plants’ Capacity Utilization will Grow to 69% in FY’25: ICRA-thumnail

Thermal Power Plants’ Capacity Utilization will Grow to 69% in FY’25: ICRA

According to the rating agency ICRA, thermal power plant capacity utilization would improve by one percentage point to 69 percent in 2024-25, driven by rising electricity demand and restricted thermal

Business

Jan 25, 2024

DLF Sales Reservations Doubled to Rs 13,316 Crore Between April and December-thumnail

DLF Sales Reservations Doubled to Rs 13,316 Crore Between April and December

DLF Ltd’s sales bookings increased double year on year to Rs 13,316 crore in the first nine months of the current fiscal year, owing mostly to rising demand for its

Business

Jan 25, 2024

Sony-Zee Deal Fallout: What’s Next for Sony India, Legal Battles, and More-thumnail

Sony-Zee Deal Fallout: What’s Next for Sony India, Legal Battles, and More

Sony India CEO NP Singh informed staff that the company will actively seek new market opportunities following the failed Sony-Zee Entertainment merger. Culver Max Entertainment, a subsidiary of Sony Corporation

Business

Jan 25, 2024

Ayodhya Set for Tourism Windfall as Ram Mandir Inauguration Sparks Religious Travel Boom-thumnail

Ayodhya Set for Tourism Windfall as Ram Mandir Inauguration Sparks Religious Travel Boom

The inauguration of the grand Ram Mandir in Ayodhya last week has set the stage for an unprecedented tourism bonanza in the historic city, with major players in the travel

Business

Jan 25, 2024

Key Indian Equity Indices Open Flat, but Majority of Stocks Trade With Positive Bias-thumnail

Key Indian Equity Indices Open Flat, but Majority of Stocks Trade With Positive Bias

The key domestic equity benchmarks, Sensex and Nifty, opened Thursday’s session on a muted note but largely maintained their ground amid a positive bias in the broader market. At the

Business

Jan 25, 2024

Nodwin Gaming, Owned by Nazara, has Acquired Comic Con India-thumnail

Nodwin Gaming, Owned by Nazara, has Acquired Comic Con India

Comic Con India’s founders, Jatin Varma and Karan Kalra, will sell their shares to Nodwin Gaming for ₹55 crore through a cash and share swap transaction. Nodwin Gaming, a gaming

Business

Jan 24, 2024

Softbank Sells an Additional 2% of Its Paytm Shares in Less Than a Month After Cutting Its Ownership.-thumnail

Softbank Sells an Additional 2% of Its Paytm Shares in Less Than a Month After Cutting Its Ownership.

SoftBank’s SVF India Holdings has reduced its ownership of Paytm to 5.01% by selling an additional 2% of the firm through open market transactions. The parent company of the digital

Business

Jan 24, 2024

EDTECH SCALER Appoints Tapan Jindal as its Chief Financial Officer-thumnail

EDTECH SCALER Appoints Tapan Jindal as its Chief Financial Officer

Scaler, a tech upskilling startup, has engaged Tapan Jindal as chief financial officer of InterviewBit and Scaler.   Tapan’s new post will include overall responsibility for the organization’s financial health and

Business

Jan 24, 2024

The DGCA Fined Air India ₹1.1 Crore for Safety Infractions-thumnail

The DGCA Fined Air India ₹1.1 Crore for Safety Infractions

The Indian civil aviation regulator Directorate General of Civil Aviation fined Air India ₹1.1 million for safety breaches on select flights. The airline was penalized for failing to comply with

Business

Jan 24, 2024

E-Commerce Giant eBay Forced to Downsize Workforce Amid Changing Market Conditions-thumnail

E-Commerce Giant eBay Forced to Downsize Workforce Amid Changing Market Conditions

In yet another instance of Big Tech firms readjusting their payroll, online marketplace eBay announced it will lay off approximately 1000 employees or 9% of its workforce. Citing organisational changes

Business

Jan 24, 2024

To Boost Manufacturing, Apparel Exporters Seek Tax Incentives in Budget 2024-thumnail

To Boost Manufacturing, Apparel Exporters Seek Tax Incentives in Budget 2024

In order to increase domestic manufacturing and India’s outward shipments, the apparel exporters’ group, AEPC, on Wednesday called for tax advantages like uniformity in GST and more interest subsidies. Tax

Business

Jan 24, 2024


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