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Business

Reliance Jio Things, MediaTek To Transform 2-Wheeler Industry with 4G Smart Solutions

July 25, 2024 20:52

Semiconductor company MediaTek and Jio Platforms subsidiary JioThings have jointly unveiled an indigenously made Internet of Things platform for the two-wheeler EV industry. According to the statement, the platform’s purpose is to increase MediaTek and Jio Things’ worldwide footprint in the two-wheeler industry by offering Smart Digital Cluster and Smart Module that are specifically designed […]

Adani Green Energy Posts Strong Q1 FY25 Results; EBITDA Surges 23% to Rs 2,374 Cr

July 25, 2024 19:27

Adani Green Energy Ltd. (AGEL) on Thursday released its financial results for the quarter that ended on June 30, 2024, showing notable growth and exceptional operational performance. On the financial results, AGEL CEO Amit Singh said, “We are working relentlessly towards the development of world’s largest single-location renewable energy plant of 30 GW at Khavda […]

GJEPC Top Brass Discusses Export Strategies With Kashmir Gems And Jewellery Industry Members

July 22, 2024 12:59

A delegation from the Gem & Jewellery Export Promotion Council (GJEPC), led by Chairman Vipul Shah, met the key members from the Kashmir Chamber of Commerce & Industry (KCCI) and All Kashmir Gold Dealer Association as well as local gem and jewellery trade members. Also, in attendance from GJEPC were Kirit Bhansali, Vice Chairman, Nirav […]

Reliance Announces Q1 Results; Revenue Up By 11.5% YoY

July 20, 2024 15:21

Reliance Industries on Friday disclosed a 4 per cent year-on-year (YoY) decline in the June quarter’s (Q1 FY25) consolidated net profit, even as its revenue moved up 11.5 per cent YoY. Strong contributions from the consumer and upstream sectors have helped the company’s consolidated EBITDA for the reviewed quarter rise, more than compensating for the […]

IT Firms Roll Out Conservative Hikes This Year On Volatile Market Cues

July 18, 2024 12:10

After a dream run for the last two years, salary hikes in IT companies in the country are falling to single-digit percentages. For many IT professionals, excluding a select club of top performers and those with niche skills, salary increases have moderated in the range of 5% to 9% in financial year 2023-24. Three of […]

Adani Group Backed Sirius Digitech Acquires Cloud Platform Firm Coredge.io 

July 16, 2024 19:01

Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), a subsidiary of International Holding Company (IHC), signed a deal for the acquisition of Coredge.io Private Limited, a cutting-edge sovereign AI and cloud platform company.  “As nations increasingly prioritise data security, it is more important than ever that organisations have […]

Adani Ports & SEZ Welcomes First Mother Ship at Vizhinjam Port

July 12, 2024 15:47

Adani Ports & SEZ has announced the arrival of the first mother ship at its Vizhinjam port, marking a significant milestone in India’s maritime history. This event positions Vizhinjam as a key player in global transshipment. The inauguration was led by Kerala’s Chief Minister, Pinarayi Vijayan, with V. N. Vasavan, Kerala’s Minister for Ports, presiding over the gathering. Sarbananda Sonowal, […]

Hindenburg Shared Adani Report with Client Two Months Before Public Release, Reveals SEBI

July 7, 2024 20:23

The US-based short seller Hindenburg Research shared an early access copy of its report against the Adani Group of companies with the New York-based hedge fund manager Mark Kingdon, two months before publishing it which resulted in profiting from a deal from the share price movement, as per apex securities market regulator of India,. The […]

‘Little Yellow Bird Says Goodbye’: Co-founders Shut Down Koo

July 3, 2024 14:57

‘Koo’ co-founders Mayank Bidawatka and Aprameya Radhakrishna on Wednesday decided to shut down the multilingual social media platform after many attempts to get investors were unsuccessful. “Here’s the final update from our end. Our partnership talks fell through, and we will be discontinuing our service (Koo platform) to the public. We explored partnerships with multiple […]

Kotak Established Offshore Fund Structure To Bet Against Adani: Hindenburg Responds To SEBI’s Notice 

July 2, 2024 21:20

Hindenburg Research has named Uday Kotak as the facilitator of the bet against Gautam Adani for its client, Kingdon Capital, on Tuesday in response to a show cause notice from the Securities and Exchange Board of India (SEBI), adding a new twist to the controversy surrounding its report on the Adani Group. According to the […]

WomenLeaders India Fellowship 2024–25 Applications Open, Backed by Reliance Foundation, Vital Voices

July 1, 2024 18:57

Following the achievement of the first WomenLeaders India Fellowship driven by Reliance Foundation and Vital Voices to support women leaders in the social sector in 2022–23, Reliance Foundation and Vital Voices have opened applications for the 2024–25 cohort on Monday.  The Reliance Foundation is the philanthropic arm of Reliance Industries Limited. For the first time, […]

Home Loan Instalment Calculator – Know the Uses and Benefits

July 1, 2024 17:18

A home loan is a significant financial commitment. Managing it well is crucial for financial stability. One useful tool that can help is a home loan instalment calculator. Here’s what you need to know about them. What is a Home Loan Instalment Calculator? A home loan instalment calculator helps you calculate your monthly home loan […]

Gold Still The Best Investment Avenue For Most Indian Households, Finds Study

July 1, 2024 11:15

Gold can never lose its glitter for Indians. No matter how poor or rich a person is, a piece of gold jewellery will always be a staple asset in his locker. It is a financially prudent move to invest in gold. A study has found that an average Indian household has 18% of their total […]

Indian Banks Witness Record Low GNPA Ratio in 12 Years, NNPA Ratio Also Declines

June 28, 2024 11:59

The gross non-performing asset (GNPA) ratio for Indian banks plummeted to a 12-year low of 2.8% in March 2024. According to the Reserve Bank of India’s (RBI) recently released Financial Stability Report, this ratio is projected to decrease further to 2.5% by the end of the financial year 2024-25. Understanding GNPA Ratio: The GNPA ratio […]

Reliance MET City in Jhajjar, Haryana Welcomes BEUMER India as First German Customer

June 27, 2024 20:14

Reliance Industries Limited’s subsidiary, Model Economic Township Limited (METL), has proudly welcomed BEUMER India as its first German customer to the integrated greenfield Smart City, MET City in Jhajjar, Haryana. This exciting development marks the expansion of the MET City family to over 570 companies from 10 different countries. BEUMER India conducted a ground-breaking ceremony […]

Paytm Collaborates with Global Travel Aggregators to Enhance Travel Segment

June 24, 2024 18:43

Paytm, the digital payments and financial services company owned by One 97 Communications, is making significant strides in its travel segment. The company recently announced partnerships with renowned travel aggregators such as Skyscanner, GoogleFlights, and Wego. Additionally, Paytm plans to collaborate with international aggregators, including Cambodia Angkor Air, SalamAir, and FlyDubai. The disclosure, filed under […]

Bakri Eid 2024: Stock Market To Remain Closed On Monday 

June 16, 2024 17:17

The stock market will be closed for trading on Monday due to the Bakri Eid festival.  The official website of the National Stock Exchange states that trading will resume on Tuesday. All market divisions, including stocks, derivatives, and SLBs, will be closed on Monday.  Furthermore, the Multi Commodity Exchange of India Limited will be closed […]

Exports See 9% Rise With Demand Revival In US, Europe

June 15, 2024 13:50

Driven by demand revival in India’s traditional exports markets such as Europe and the United States (US), India’s goods exports in May logged a sharp 9 per cent year-on-year jump, even as country’s trade gap swelled to a seven-month high of $24 billion due to higher oil imports, as per data released by the commerce […]

G7 Leaders For Greater Investment In Africa As A Way To Tame Migration

June 15, 2024 12:42

The Group of Seven (G7) leading industrialised nations discussed migration, artificial intelligence, economic security and the Indo-Pacific region on the final day of their summit in Italy. The G7 leaders stressed their determination to meet global challenges “at a crucial moment in history.” The gathering in a luxury resort in Italy’s southern Puglia region also […]

APSEZ Distinguished for Climate Leadership and Supply Chain Excellence

June 14, 2024 17:47

Adani Ports and Special Economic Zone Limited (APSEZ) has been lauded by the Carbon Disclosure Project (CDP) for its outstanding contributions to climate action and the implementation of exemplary practices throughout its supply chain. The commendation was part of the ‘Climate Action in India: Role of Businesses & Supply Chain’ event, jointly hosted by the […]

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