Browsing Category
Corporate Affairs
Foxconn plans to set up battery energy storage system in India
SRIPERUMBUDUR: Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a battery energy storage system unit in India, its chairman Young Liu said here.
With an eye on the electric vehicle segment, Foxconn has been…
India’s GI-tagged Figs juice exported first time to Poland
NEW DELHI: In order to get India’s agro-products on the global stage, the Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the export of India's first ready-to-drink fig juice, made from GI-tagged…
US court orders Sterlite Tech to pay USD 96.5 million to Prysmian
NEW DELHI: An American court has ordered Vedanta Group-backed Sterlite Technologies' overseas arm to pay USD 96.5 million, about Rs 810 crore, in damages to US-based Prysmian for violating trade secrets norms, according to a regulatory…
श्री ने मोहाली में पंजाब का अपना 43वां स्टोर लॉन्च किया
मोहाली : प्रसिद्ध महिला भारतीय एथनिक वियर ब्रांड श्री - शी इज स्पेशल ने मोहाली फेज-7 में स्थित अपने 43वें स्टोर के उद्घाटन की घोषणा की है । इस नए स्टोर का शुभारंभ श्री की संयुक्त प्रबंध निदेशक शीतल कपूर द्वारा किया गया । मोहाली में यह श्री…
Risk-based premium increase for deposit insurers can enhance fund stability, says RBI Dy Guv
The commercial-banker-turned-central-banker further asked deposit insurers to prioritise crisis preparedness and develop comprehensive contingency plans that account for technology-induced disruptions.
Karnataka govt stops banking with SBI & PNB; Directs state depts to withdraw deposits
Bangalore: The government of Karnataka has decided to stop all its transactions with two public sector banks --the State Bank of India (SBI) and Punjab National Bank (PNB)-- citing alleged financial irregularities concerning deposits made…
Google starts production of Pixel 8 in India
In a tweet posted late Tuesday night, the minister shared a picture of the Google Pixel 8 device on X (formerly Twitter).
Vedanta to offload 2.6% stake in Hindustan Zinc
NEW DELHI: Anil Agarwal-led Vedanta Limited announced on Tuesday the sale of up to 11 crore equity shares of Hindustan Zinc Limited (HZL), representing 2.6% of HZL's equity share capital. The sale will be conducted through an offer for sale…
JSW Steel to acquire 67% stake in Australian mining company M Res NSW
This is seen as a bid by the steel major to secure the raw material required to support its ambitious expansion plans.
Zomato-owned Blinkit to continue investment in newer categories
Albinder Dhindsa, founder and CEO, Blinkit, in a post on X announced ‘LEGO sets are available on blinkit!’
Grasim industries logs in net loss of Rs 52 crore
MUMBAI: Aditya Birla group flagship company Grasim Industries, which straddles textiles & textile fibres, real estate, building materials, cement and paints, has reported a standalone net loss of Rs 5212 crore in the June quarter…
E-commerce tycoon Colin Huang tops China’s rich list
BEIJING: E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful…
Adani Enterprises to raise Rs 12K cr via QIP
NEW DELHI: The flagship Gautam Adani Group firm -- Adani Enterprises Ltd (AEL) – will be testing waters in the equity market for the first time since its aborted follow-on offer in February 2023. The company is planning to raise Rs…
RIL’s capex falls 7% to Rs 1.32L cr in FY24
MUMBAI: Even as the government and bankers claim that credit demand from corporates are inching up indicating a revival in the much-delayed and much-desired animal spirit of India Inc, the largest corporate Reliance Industries’ capital…
Saudi delivery drivers bake in ‘deadly’ summer heat
RIYADH: Sheltering under a palm tree in Saudi Arabia's capital, a Pakistani delivery driver stole a quick break during the lunch rush when orders -- and scorching temperatures -- are at their peak.
Gulping a bottle of cold water as the…
Vedanta profit surges 37% to Rs 3,606 crore on better margins
NEW DELHI: Vedanta Ltd on Tuesday reported a 36.5%increase in consolidated net profit at Rs 3,606 crore for the quarter ended June 30, 2024, due to improved margins and robust cost reduction across all operations.
It had posted a net…
Government will not retract tax demand of Rs 32,000 crore against Infosys: Official
NEW DELHI: A senior official has confirmed that the Indian government will not retract the tax demand of Rs 32,000 crore against IT giant Infosys, citing strong evidence in the case related to goods and services tax (GST).
The official…
Vedanta Aluminum acquires seventh Bureau of Indian Standards certification
RAIPUR: Vedanta Aluminium becomes the "first company in the country’s aluminium industry to secure seven Bureau of Indian Standards (BIS) certifications" for its extensive range of aluminium products after the newly certified 12 mm wire…
Apple sets record quarterly revenue in India
NEW DELHI: Apple sets quarterly revenue records in India and more than two dozen other countries and regions with its June quarter revenue record of $85.8 billion, up 5 per cent.
The company also saw strong performance from its Mac…
Firstcry sets IPO price band at Rs 440-465
MUMBAI: Softbank, Ratan Tata and Sachin Tendulkar backed Firstcry, which claims to be the market leader in the ecommerce space catering to women and children, but has not made a single penny in profits in its 14 years of operations, has…