Automobile major Tesla may remove 10 percent of its workforce
Automobile major Tesla will remove 10 per cent of its global electric vehicle workforce.
Finance
Wai Wai noodles maker Binod Chaudhary aims to list India unit by 2026
Nepalese billionaire Binod Chaudhary, who made it big selling instant noodles, is seeking to list his conglomerate Chaudhary Group’s India food unit by 2026.
Ambuja Cements to acquire 1.5 MTPA grinding unit at Tamil Nadu’s Tuticorin for Rs 413.75 cr
Ahmedabad: Adani Group-owned cement and building material company Ambuja Cements signed a definitive agreement to acquire My Home Group's 1.5 MTPA cement grinding unit in Tamil Nadu’s Tuticorin.
Byjus's India CEO Arjun Mohan quits six months after joining
Byju’s India CEO Arjun Mohan has quit his position in the firm just six months after taking over the role, the company announced in a statement on Monday.
Vodafone Idea expects to roll out 5G service in next six-nine months
Telecom major Vodafone Idea is planning to launch its 5G service in select pockets across India in the next six to nine months, media reports said.
Crypto market crashes amid Iran-Israel conflict
The crypto market witnessed a significant drop with several altcoins plunging by double digits in response to the current Middle East crisis triggered by Iran's attack on Israel on Saturday.
Indian market tanks over 800 points amid escalating tension between Israel-Iran
Amidst rising geo-political tension and higher-than-expected US inflation, the stock markets on Monday tanked right from word go and ended the day with a loss of over 845 points to settle at 73399.78.
Tesla signs strategic deal with Tata Electronics to procure semi-conductor chips ahead of Elon Musk's visit to India
Elon Musk-owned American brand Tesla has signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations, media reports said.
Asian stocks fall amid Iran-Israel tensions, China rebounds on govt support
New York/IBNS: Most Asian stocks slipped Monday (Apr 15), tracking a fall in US equities, as markets grappled with escalating geopolitical tensions after Iran launched an unprecedented drone attack on Israel at the weekend.
Indian stock market to remain volatile today amid escalating Iran-Israel tension: Experts
Mumbai/IBNS: The market experts believe that the Indian stock markets could remain volatile on Monday (Apr 15) amid the escalating geopolitical tensions between Iran and Israel.
TCS workforce drops by nearly 13,000 to 6,01,546 in FY24
Tata Consultancy Services (TCS) has reported a decline in its headcount, a situation unprecedented in 19 years with the company's total employee base diminished to 6,01,546.
Vodafone Idea FPO worth Rs 18,000 cr to open on Apr 18
Mumbai: Vodafone Idea has announced its follow-on public offer (FPO) worth Rs 18,000 crore which will be open for subscription starting April 18.
Q4 financial results this week: Infosys, Wipro, HDFC Bank among top listed companies to release earnings
Mumbai: Last week, IT giant Tata Consultancy Services (TCS) launched the fourth-quarter earnings season with results that surpassed expectations and impressive operating margins.
Pakistan's economic outlook uncertain amid political instability: ADB report
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
US chipmakers refuse to move focus from Chinese market despite Washington's restrictions
China continues to be a key market for a chunk of American chipmakers even as the United States tightens control on chip sales to the country and amid Beijing’s intense efforts for self-sufficiency in the semiconductor sector, media reports said.
Japan ready to take all appropriate measures to check 'excessive volatility' in yen
Tokyo: Japan is ready to take all appropriate measures in response to excessive swings in its currency and is analysing the recent weakness in yen alongside its causes, said Finance Minister Shunichi Suzuki, media reported.
India's Feb Industrial Production grows by 5.7%, best performance in 4 months
New Delhi: India's Index of Industrial Production (IIP) increased by 5.7 percent in February, compared to 3.8 percent in January, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
GQG Partners, SBI Mutual Fund invest in Vodafone Idea: Report
Mumbai: GQG Partners, an investment firm, and State Bank of India Mutual Fund are contemplating a combined investment of around $800 million in the $2.16 billion share offering of telecom company Vodafone Idea, media reported.
Amid threats from Iran, Israel launches massive strike on Gaza
Israel Friday launched a massive attack on Gaza amid Iran's threat to avenge a strike in Syria this month that killed two Iranian generals.
India's March retail inflation drops to 4.85%, lowest in 10 months
New Delhi: India's primary retail inflation rate dropped to its lowest point in ten months at 4.85 percent in March, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
TCS Q4FY24 consolidated profit grows 9% YoY to Rs 11,392 cr; company declares Rs 28 dividend per share
Mumbai: IT giant Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 12,434 crore for the January-March quarter, a growth of more than 9 percent compared to Rs 11,392 crore recorded in the same period last year.
Sensex falls 793.25 pts as market ends
The BSE Sensex on Friday dropped 793.25 pts to settle below 75K to 74244.90 on profit booking along with FPI sold off influenced by US inflation.
Adani Green Energy is now India's first firm to surpasses 10000 MW renewable energy
Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering 'reliable, affordable, and clean power' to the national grid, the company said.
Edelweiss Alternatives backed platform acquires L&T Infrastructure Development Projects Ltd
Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)
Cupid Ltd inks deal for supply of female condoms to Brazil worth Rs 23 cr
Mumbai: Condom maker Cupid Ltd on Wednesday said it has signed an agreement to supply 5.9 million pieces of Female Condoms (FC) in Brazil.
Bridgestone India Introduces TURANZA 6i new premium tyre for premium passenger vehicles
Kolkata: Bridgestone India Wednesday launched its new generation tyre Bridgestone TURANZA 6i for the passenger vehicles segment.
GenAI platform Hanooman partners with 3AI Holding; targets to reach 200 million users in its first year of launch in India
Abu Dhabi: 3AI Holding Limited, a global AI investment firm based in Abu Dhabi, that invests in AI infrastructure and AI foundational companies, Wednesday announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s multilingual GenAI platform, a press release said.
IndiGo becomes 3rd largest airline by market capitalisation after stocks hit new high
Mumbai: IndiGo Airlines became the world's third largest airline on Wednesday in terms of market capitalisation as stocks of its operator InterGlobe Aviation Limited climbed to a new record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus bolstering their gains for the fourth day in a row, media reports said.
Centre approves 11 EV manufacturers for providing incentives under EMPS 2024: Report
New Delhi: The Ministry of Heavy Industries has given the green light to 11 electric vehicle (EV) makers, such as Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to qualify for incentives as part of the newly launched Electric Mobility Promotion Scheme (EMPS) 2024.
Indian mutual fund industry posts stellar performance in FY24; AUM jumps 35% to Rs 39.42 lakh cr
Mumbai: The Indian mutual fund industry has posted an impressive performance during the last financial year (2023-24), with the industry’s net Assets under Management (AUM) registering a growth of 35 percent at Rs 53.40 lakh crore as of March 31, 2024, as against Rs 39.42 lakh crore same period last year.