Amazon launches air cargo service Amazon Air in India
New Delhi/UNI: E-commerce giant Amazon India on Monday announced the launch of Amazon Air in India to enhance its transportation network and enable faster deliveries to customers.
Finance
Cutting 12,000 jobs step in right direction: Investor tells Google
As Google's parent company Alphabet Inc eliminated 12,000 jobs or 6 per cent of its workforce, investor Hedge fund billionaire Christopher Hohn wrote a letter to Sundar Pichai advising him to "cut thousand more jobs".
Recent regulations on Forex Brokers: What you need to know
Regulations have recently been introduced for forex brokers to protect investors and ensure that the forex market remains fair and transparent. New regulations are expected to be introduced in 2023 to further enhance oversight of the foreign exchange market. For those who have not yet understood the terminology of the forex market, we advise you to learn more here.
Sona Group of Education Institutions suggests doubling of allocation for education
Bangalore: Chocko Valliappa, Vice Chairman, Sona Group of Education Institutions' has suggested doubling allocation for education over the next three years.
Hyundai Motor India Limited elevates smart mobility experiences with the new Hyundai AURA
Gurugram: Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, on Monday launched the new Hyundai AURA - the best mobility solution for modern Indian families with an introductory price of INR 6 29 600 (ex-showroom).
Tata Motors Partners with ICICI Bank to offer financing for Electric Vehicle dealers
Mumbai:: As an effort towards encouraging Electric Vehicle (EV) adoption in the country, Tata Motors, India’s leading automotive manufacturer, has announced its partnership with ICICI Bank to offer an EV Dealer Financing solution to its authorised passenger EV dealers.
Honda Motorcycle & Scooter India launches new advanced activa 2023
New Delhi: Creating a new history in the Indian two-wheeler industry, Honda Motorcycle & Scooter India, the undisputed leader of scooter segment, on Monday unveiled smarter and advanced Activa 2023, HMSI’s first OBD2 compliant two-wheeler, much ahead of the April 2023 deadline.
Tata Power to install public EV Charging points at GAIL Gas' CNG Stations in Bengaluru
New Delhi: Tata Power, one of India’s largest and fastest growing EV charging solutions providers, has signed an agreement with GAIL Gas Limited, (a wholly owned subsidiary of GAIL (India) Limited, to install DC fast charging points at two of GAIL Gas CNG retail outlets (CNG stations) in Bengaluru.
SBI partners with MMRDA pioneering the digitization of transit systems in metros and tolls across the country
Kolkata: SBI, the country’s largest lender, has partnered with MMRDA for providing NCMC based ticketing solution for the recently commissioned Mumbai metro lines 2A and 7.
Adani Cement’s Geoclean creates circular economy for Ambujanagar using waste management techniques
Mumbai: Adani Cement’s waste management arm, Geoclean, enables a green economy for Ambujanagar (Gujarat) by safely managing solid and liquid wastes and diverting them from landfills, leading to resource conservation.
ESOPDhan budget expectations on vested ESOPs of unlisted firms
Bengaluru: ESOPDhan co-founder Nitin Agarwal, an angel investor, has said he expects the upcoming Union Budget to reduce the holding period of ESOP shares of unlisted companies from two years to one year for purposes of capital gain.
Canara Bank Q3 net profit moves up 92 pc
New Delhi: Canara Bank on Monday said that it has posted a 91.88 percent year-on-year growth in its net profit at Rs 2882 crore for the quarter ended December 31, 2022.
Elon Musk announces ad-free model for Twitter users
Washington: Elon Musk Saturday announced that the company's subscription service would show less advertising to users, including an ad-free tier, to address frequent and long advertisements on Twitter to improve the experience of the users on the microblogging site.
Yes Bank Q3FY23 net profit drops 80% y-o-y to Rs 52 cr
New Delhi: Yes Bank on Saturday reported a net profit of Rs 52 crore for the quarter ended December 31, 2022, down by 80% year- on-year compared to 266.43 crore in the corresponding quarter the previous year.
SBI Life Insurance Q3FY23 PAT drops 16.46% y-o-y to Rs 304.13 cr
Mumbai/IBNS: SBI Life Insurance Company's profitability in December 2022 quarter dipped in both year-on-year and quarter-on-quarter terms.
ICICI Bank Q3FY23 PAT grows 34% to Rs 8,312 cr, NII surges by 35% to Rs 16,465 cr
Mumbai/IBNS: ICICI Bank Saturday reported an increase in profit after tax by 34.2% year-on-year to Rs 8,312 crore (US$ 1.0 billion) in Q3FY23.
Kotak Mahindra Bank Q3 profit moves up 31 pc
New Delhi: Kotak Mahindra Bank on Saturday reported a 31 per cent year on year (YoY) jump in its standalone profit at Rs 2,792 crore for the quarter ended December 31, 2022.
Troubled fashion tech startup Zilingo entered liquidation
Singapore-based fashion tech company Zilingo Pte is going to enter liquidation in the wake of complaints of financial irregularities that was followed by the termination of its high-profile CEO Ankita Bose, Bloomberg reported.
EPFO adds 16.26 lakh new net subscribers in Nov 2022
New Delhi/IBNS: Employees' Provident Fund Organisation (EPFO) has added 16.26 lakh new net subscribers during November 2022, registering a 16.5 percent higher compared to a year ago, the labour ministry said on Friday.
HDFC Life Q3FY23 net profit grows 15 pc to Rs 315 cr
Mumbai: HDFC Life Insurance Company Ltd reported a 15 percent increase in its net profit to Rs 315.22 crore for the quarter ended December 31, 2022, riding on strong new business growth.
Google cuts 1200 jobs, offers severance, healthcare and other support for terminated workers
Google’s parent organization Alphabet is laying off 1200 employees or 6 percent of its workforce amid a grim growth outlook.
RIL Q3FY23: Consolidated net profit falls 15% y-o-y to Rs 15,792 cr
Mumbai/IBNS: Reliance Industries Ltd (RIL) on Friday said its consolidated net profit declined 15% year-on-year (YoY) for the quarter ended December 2022 to Rs 15,792 crore.
Jio records net profit of Rs 4,638 crore in Q3FY23, up 28 pc y-o-y
Mumbai/IBNS: Telecom giant, Reliance Jio registered double-digit growth in both the top-line and bottom-line in Q3FY23.
Arunachal Pradesh students motivated to become tea entrepreneurs during their visit to gardens
Pasighat: The Students of College of Horticulture and Forestry and College of Agriculture, Central Agricultural University, Arunachal Pradesh recently visited Siang Tea and Industries (P)Ltd. Donyi Polo Tea Garden at Oyan Craft Village of East Siang District on Monday.
G-20 presidency: Indian Tourism Sector to Contribute USD 56bn forex to GDP and Generate 140 Mn Jobs
Mumbai: Under the aegis of India’s G20 Presidency, the Ministry of Tourism, Government of India shall be organizing the country's first Global Tourism Summit in New Delhi from Apr 10-12, where all G-20 member countries will be invited to participate.
Bandhan Bank crosses Rs.2 Lakh crore of total business in Q3FY23
Kolkata: Bandhan Bank on Friday announced its financial results for the third quarter of the financial year 2022-23.
Airtel 5G Plus now live in 4 cities of Odisha
Puri: Bharti Airtel, India’s leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Puri in addition to Bhubaneswar, Cuttack and Rourkela launched in early January.
JSW Energy granted LoA for 500MW standalone battery storage system from SECI
Mumbai: JSW Renew Energy Five Limited, a 100 pc step-down subsidiary of JSW Energy Limited has received Letter of Awards (LoA) for total 500MW/1,000MWh Standalone Battery Energy Storage Systems (two projects each of 250 MW / 500 MWh) from Solar Energy Corporation of India Limited (SECI).
Cairn Oil & Gas appoints Nick Walker as CEO
Mumbai: Vedanta Resources-owned Cairn Oil & Gas, India’s largest private oil and gas exploration and production company said it has appointed Nick Walker as Chief Executive Officer, effective January 5, 2023.
Microchip Tech acquires 1.68 lakh sqft office space in Hyderabad
Hyderabad/UNI: Semiconductor major Microchip Technology has acquired 168,000 square feet of office space in One Golden Mile (OGM), a Grade-A commercial tower located in the business district of Kokapet on the outskirts of the city, a sought-after location for International IT companies.