Mumbai: The Tata Group's attempt to acquire a majority stake in Vivo's India business has faced challenges due to objections from Apple, according to a Times of India report.
California/IBNS: American tech major Intel Corporation is likely to announce layoffs for thousands of employees as early as this week, Bloomberg reported, citing sources in the know.
Bengaluru: Byju's founder, Byju Raveendran, and the Board of Control for Cricket in India (BCCI) have settled their dispute over outstanding payments, media reports said.
New Delhi/IBNS: The government is likely to consider further raising the short-term capital gain (STCG) tax rates in the coming years, Moneycontrol reported quoting a senior government official.
New Delhi/IBNS: In the wake of WazirX’s $230-million security breach, India's crypto and web 3 industry body Bharat Web3 Association (BWA) is creating two new internal groups focused on cybersecurity and consumer issues, MoneyControl reported quoting BWA chairman Dilip Chenoy.
New Delhi/IBNS: Nitin Gadkari, the Union road, transport and highways minister, has written to finance minister Nirmala Sitharaman, seeking withdrawal of the 18 percent Goods and Services Tax (GST) on life and medical insurance premiums, reports MoneyControl.
Mumbai/IBNS: Marking a market return, Adani Group's power transmission unit Adani Energy Solutions Ltd on Tuesday (July 30) raised $1 billion through a share sale, reports said.
Kolkata: Jupiter Wagons Ltd reported a profit after tax (PAT) of Rs 8,923 lakh, representing a 40.3% year-on-year increase, with a PAT margin of 9.9%.
Mumbai: The retail portion of Akums Drugs and Pharmaceuticals Ltd's initial public offering (IPO) was fully subscribed within an hour of opening, media reports said.
Mumbai: Jindal Stainless Ltd (JSL) on Tuesday posted a 12 percent fall in consolidated net profit to Rs 646.07 crore during June quarter, mainly on account of lower income. It had clocked Rs 737.58 crore net profit in the year-ago period, media reported, citing an exchange filing.
Mumbai: Mining conglomerate Vedanta announced that 75 percent of its secured creditors have approved its proposed demerger of businesses, a major milestone in the company's strategy to separate into six independent listed entities.
Mumbai: Capital markets regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing to expand the scope of insider trading regulations to include more individuals, even those who may have unofficial connections with company officials who possess price-sensitive information, media reports said.
New Delhi: Punjab & Sind Bank reported net profit of Rs 182 crore, up 18.95% YoY.
Mumbai: State-run GAIL reported a consolidated net profit of Rs 3,183 crore for the quarter ending June 2024, up 78% from the Rs 1,793 crore recorded in the same quarter the previous year, media reports said.
Bengaluru: The Board of Control for Cricket in India (BCCI) informed the National Company Law Appellate Tribunal (NCLAT) on Tuesday that it is engaged in preliminary settlement discussions with Byju Raveendran to resolve a dispute with Think and Learn Private Limited, a Moneycontrol report said.
Sydney/IBNS: At least 30 percent of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to American technological research and consulting firm Gartner.
Mumbai: Indian Oil Corp reported an 81% decline in its standalone net profit for the first quarter, amounting to Rs 2,643 crore, compared to Rs 13,750 crore in the same quarter last year.
New Delhi/IBNS: American tech giant Apple is all set to expand its manufacturing footprint in India by making high-end iPhone "Pro" models in the country for the first time, reports MoneyControl.
New Delhi: Commerce Minister Piyush Goyal stated Tuesday that the Indian government is not reconsidering its position on foreign direct investment (FDI) from China, indicating that the country may continue to impose stricter scrutiny on investments from Beijing, media reports said.
New Delhi/IBNS: Indian crypto exchange platform WazirX has been facing heat from the industry as well as customers for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45 percent of its user funds, it suffered earlier in July, reports CoinDesk.
Chicago/IBNS: American multinational fast food chain McDonald’s has reported its first fall in global sales in over three years as inflation-weary consumers seek out cheaper options and cut back on eating out, reports said.
New Delhi/IBNS: A recent survey by Park+, a leading app for car owners, has revealed that 51 percent of electric vehicle (EV) owners in India expressed a preference to switch back to conventional internal combustion engine (ICE) vehicles due to everyday hassles associated with EV ownership.
Chennai/IBNS: N. Srinivasan, the vice chairman and managing director of India Cements, has assured his employees that the company's takeover by UltraTech Cement will not impact their career.
Amid signs of receding global shocks, the latest high-frequency indicators like PMI expansion for manufacturing and services and bank credit growth besides the forecast of above-normal monsoon rains in July hold out the projected growth promise for the Indian economy, according to the Monthly Economic Review for July released by National Council of Applied Economic Research (NCAER).
Mumbai/IBNS: Foreign portfolio investors (FPIs) injected over Rs 33,600 crore into Indian equities so far in July on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season, reports said.
Mumbai/IBNS: The Indian jewellery retail market, which is largely dominated by the Ambanis and the Tatas, is set to witness intense competition with the Aditya Birla Group entering the Rs 6.7 trillion market with its in-house jewellery brand "Indriya".
Bengaluru: The initial public offering (IPO) of Ola Electric Mobility will open for subscription on August 2, with a price band set at Rs 72-76 per share. Investors are required to apply in lots of 195 equity shares or multiples thereof. The IPO, which will close on August 6, is expected to list the company's shares on both BSE and NSE on August 9. Here are the essential details:
Mumbai/IBNS: An extensive analysis of intraday trading patterns conducted by the Securities and Exchange Board of India (SEBI) has revealed a surprising correlation between trading performance and relationship status.
Mumbai/IBNS: Days after losing $230 million to a cyberattack, Indian crypto exchange platform WazirX is launching a fund recovery plan based on a user poll the cryptocurrency platform will conduct by August 3.
Srinagar/IBNS: The Jammu and Kashmir administration on Sunday (July 28) approved a Rs 400 crore project to install grid-tied rooftop solar power systems on all government buildings in the union territory, reports said.
