Business
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Byju's secures commitment of USD 300 million for ongoing rights issue
Business | Feb 19, 2024, 01:11 PM ISTBYJU'S initiated a rights issue to raise USD 200 million at an enterprise valuation ranging between USD 220-250 million in January.
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Paytm signs new banking partner to continue ‘seamless’ transactions in bid to survive current crisis
Business | Feb 17, 2024, 06:15 AM ISTThe action against Paytm Payments Bank was triggered by what the RBI officials described as persistent non-compliance with regulations. Earlier this week, the ED began looking into details of overseas transactions on the platform.
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NMDC reports 62 per cent surge in Q3 profit, declares dividend of Rs 5.75 per share
Business | Feb 15, 2024, 10:03 AM ISTThe company's total income rose to Rs 5,746 crore, up from Rs 3,924 crore a year ago, while expenses increased to Rs 3,516 crore.
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Why is Snapchat's parent company, Snap, cutting 10 per cent of its workforce?
Technology | Feb 06, 2024, 06:40 AM ISTSnap's parent company, Snap, is reducing its workforce by 10%, which means around 530 employees will be laid off. Here's everything you need to know.
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Paytm terms reports of ED probe, foreign exchange rule violation as ‘misleading and baseless’ | READ
Business | Feb 05, 2024, 11:16 PM ISTThe development comes amid speculations over the company’s operations following Reserve Bank of India’s action against its associate Paytm Payments Bank. The Payments bank was asked to stop key operations from March 1 due to non-compliance.
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Meesho delists two lakh products following quality checks, to reduce low-rated items' visibility
Business | Jan 30, 2024, 04:42 PM ISTThe company said it conducted quality evaluations through a comprehensive analysis of customer reviews, ratings, and feedback.
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Hong Kong court orders liquidatation of China Evergrande Group with $300 billion debts
Business | Jan 29, 2024, 11:21 AM ISTJustice Linda Chan's ruling is expected to have significant consequences for China's financial markets, which are currently dealing with the repercussions of Evergrande's debt crisis.
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Budget 2024: Apparel sector seeks GST uniformity, enhanced interest subsidies
Business | Jan 24, 2024, 06:36 PM ISTThe Apparel Export Promotion Council has asked for tax concessions for apparel manufacturers adopting international quality standards and complying with environmental, social, and corporate governance.
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Cyber attack cases in India rise 15 per cent in 2023: Report
Business | Jan 23, 2024, 11:14 AM ISTThe number of weekly attacks per organisation reached 2,138 in India, a 15 per cent surge since the previous year.
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Geo-tagging deadline: Here's what will happen if you fail to geo-tag your property by January 31
Business | Jan 19, 2024, 02:34 PM ISTGeo-tagging properties provides location-based identification of individual properties, leading to improved service delivery by the MCD.
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PepsiCo appoints Jagrut Kotecha as new CEO of India operations
Business | Jan 19, 2024, 11:07 AM ISTThe appointment follows the relocation of the incumbent CEO, Ahmed El Sheikh, to oversee PepsiCo's Middle East branch after his seven-year tenure with the India team.
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India requires 2,840 new aircraft, 41,000 pilots over next 20 years: Airbus
Business | Jan 18, 2024, 04:56 PM ISTAirbus got orders for 750 aircraft last year, delivering 75 units to Indian carriers, including 41 to IndiGo, 19 to Air India, 14 to Vistara, and one to Go First, said Maillard.
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EPFO removes Aadhaar as valid proof for date of birth; here are all valid documents
Business | Jan 18, 2024, 02:05 PM ISTThe UIDAI directive said that while Aadhaar serves as a unique identifier, it is not recognised as proof of date of birth as per the Aadhaar Act, 2016.
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Masur production estimated to touch record 1.6 mn tons this rabi season: Govt
Business | Jan 13, 2024, 02:48 PM ISTIndia imports some pulses to meet the domestic shortages. The country is the world's largest producer and consumer of pulses.
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Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent
Business | Jan 12, 2024, 05:08 PM ISTThe consolidated revenue for Wipro in the third quarter stood at Rs 22,205 crore, a 4.40 percent year-on-year (YoY) decline.
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Netflix India FY23 revenue surges 24 per cent YoY to Rs 2,214 crore
Business | Jan 11, 2024, 03:46 PM ISTThe growth in both revenue and net profit comes amid Netflix's decision to reduce the price of its subscription plans in December 2021, leading to enhanced customer engagement and increased subscriber numbers in the calendar year 2022.
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Court allows CBI to question Yes Bank founder Rana Kapoor in loan fraud case
Business | Dec 30, 2023, 12:24 PM ISTThe bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) at Kapoor's behest despite the firm's weak financial condition, the CBI said.
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Zomato receives show cause notice worth Rs 401 crore for unpaid GST on delivery charges: Report
Business | Dec 28, 2023, 12:14 PM ISTZomato has been asked by the tax authorities to pay penalties and interest from October 2019 to March 2022.
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Yearender 2023: How did shares perform, top business news this year
Business | Dec 24, 2023, 08:30 PM ISTIn the year 2023, about 82 percent of Nifty stocks have given positive returns so far this year. The highest rise of 1,291 percent was seen in the shares of Jai Balaji Industries. Apart from this, Geeke Wires saw a rise of 544%, Orionpro Solutions saw a rise of 501%.
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Increasing exports, reducing imports new way ahead for patriotism, ‘swadeshi’: Gadkari
Business | Dec 24, 2023, 05:03 PM ISTThree months ago, India jumped from seventh position to third in the automobile exports sector, surpassing powerhouses like Japan.