Google infuses $350 million in Walmart-owned Flipkart
New Delhi, May 24 - As the Indian e-commerce space heats up with a spurt in the digital economy, Google has invested nearly $350 million in Walmart-owned Flipkart, taking the homegrown company’s valuation at nearly $36 billion.
EaseMyTrip logs Rs 15 crore in net loss in Q4, revenue surges 41 pc
New Delhi, May 24 - Online travel company EaseMyTrip on Friday reported a net loss of Rs 15 crore in the January-March quarter of the last fiscal year (FY24), as against a profit of Rs 45.6 crore in the previous quarter.
RBI fines Hero FinCorp for breach of norms
Mumbai, May 24 - The Reserve Bank of India (RBI) has imposed a penalty of Rs 3,10,000 on Hero FinCorp Limited for breach of norms related to the fair practices code for NBFCs.
At ‘Illness to Wellness’ awareness session, experts warn undetected thyroid diseases can lead to major health complications
New Delhi, May 24 - The ASSOCHAM CSR Council, under the Illness to Wellness initiative, hosted a panel discussion on the eve of World Thyroid Day titled ‘Thyroid Matters: In Health & Disease’ with the primary goal of increasing awareness about thyroid diseases
Adani Ports to join Sensex from June 24 after BSE rejig
Mumbai, May 24 - Adani Ports and Special Economic Zone (SEZ) will be included in the S&P BSE Sensex from June 24.
India’s forex reserves soar to lifetime high of $648.7 billion
Mumbai, May 24 - India's foreign exchange reserves surged by $4.55 billion to touch a new lifetime high of 648.7 billion mark during the week ended May 17, according to the latest data released by the RBI on Friday.
Flipkart adds Google as minority investor in Walmart-led funding round
Bengaluru, May 24 - Flipkart on Friday announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.
Ashok Leyland posts 20 per cent rise in Q4 net profit, declares dividend of Rs 4.95 per share
New Delhi, May 24 - Commercial vehicle maker Ashok Leyland Ltd on Friday reported a 19.8 per cent increase in net profit at Rs 900 crore for the January-March quarter of 2023-24 compared to Rs 751 crore in the same quarter last year.
India-assembled flagship Range Rovers arriving soon, says company
Mumbai, May 24 - In a fillip to the government's 'Make in India" initiative, Tata Motors-owned Jaguar Land Rover (JLR) on Friday said it plans to start assembling the flagship Range Rover model, along with Range Rover Sport, in India for the first
Sensex, Nifty close flat after touching all-time high
Mumbai, May 24 - The BSE Sensex and Nifty on Friday ended flat with marginal decline. At closing, Sensex settled at 75,410, down seven points and Nifty at 22,957 points, down nearly 10 points.
NP Singh to move on as MD & CEO of Sony Pictures Networks India, asks firm to find a successor
New Delhi, May 24 - N.P. Singh, Managing Director and CEO of Sony Pictures Networks India (SPNI), has stepped down after 25 years at the company and will move into an advisory role at the company.
Investors shrug off toolkit against Adani Group, key portfolio firms’ stock continue to rise
Mumbai, May 24 - The key portfolio companies of the Adani Group on Friday continued their sharp rally, with the flagship Adani Enterprises Ltd (AEL) regaining losses of more than $30 billion that accrued after the short-seller firm Hindenburg's report.
Lava announces its new Board members; Sunil Raina joins as Director
New Delhi, May 24 - Homegrown electronics manufacturer Lava International on Friday announced its new Board members to drive the company's next phase of growth and innovation.
Paytm to focus on UPI, card processing, EMI for strong payment services growth
New Delhi, May 24 - Payment and financial services company Paytm on Friday said that it is bullish on Unified Payments Interface (UPI) alongside card processing and EMI payments to drive its payment services business.
Chipmaking sector likely to enjoy longer-than-expected boom: Report
Seoul, May 24 - The chipmaking sector's upside cycle may last into the first half of next year and possibly beyond that time, giving a boost to the country's exports, a report from the Bank of Korea said on Friday.
Hackers continued to use malware, tools in Q1 that let their operations go undetected: Report
New Delhi, May 24 - Hackers continued to utilise malware and increasingly relied on tools with legitimate uses that allowed cybercriminal operations to go undetected for longer in the first quarter (Q1) of this year, a new report showed on Friday.
Centre’s wheat procurement in full swing, surpasses last year’s mark
New Delhi, May 24 - The Central government’s procurement of wheat during the current Rabi marketing season in various states has already crossed 262.48 lakh metric tonnes, surpassing last year’s total procurement of 262.02 lakh metric tonnes, the Food Ministry said on Friday.
India’s data centre boom to drive $5.7 bn in real estate investments by 2026: Report
Mumbai, May 24 - Fuelled by the increasing adoption of Artificial Intelligence (AI), the data centre industry in India is projected to add 791 megawatts (MW) capacity by 2026, which will drive a demand for 10 million square feet of real estate space,
DD Kisan’s two AI anchors to inform farmers about agricultural research, trends
New Delhi, May 24 - Doordarshan Kisan will launch two AI anchors named AI Krish and AI Bhoomi on Sunday for farmers across India, the Ministry for Agriculture said on Friday.
IT sector jobs witness a significant rise across tech hubs: Report
New Delhi, May 24 - Information Technology (IT) sector jobs have witnessed a significant rise across tech hubs from April 2023 to April 2024 period, despite a national shift in job postings, a new report said on Friday.