Adani Port & SEZ clocks 50 pc jump in net profit in FY24, to reach 500 MMT cargo volumes in 2025
Ahmedabad, May 2 - Adani Ports and Special Economic Zone (APSEZ) on Thursday announced a 50 per cent jump in net profit at Rs 8,104 crore for FY24, reaching a record volume of 420 MMT (million metric tonnes) in the period which is
Microsoft to invest $2.2 bn to fuel Malaysia’s cloud, AI transformation
New Delhi, May 2 - Microsoft on Thursday announced to invest $2.2 billion over the next four years to advance new cloud and artificial intelligence (AI) infrastructure in Malaysia.
Report on CEO & MD Sandeep Bakhshi wanting to quit is baseless: ICICI Bank
New Delhi, May 2 - ICICI Bank on Thursday denied a media report that its CEO and MD Sandeep Bakhshi wants to quit his position.
SK hynix to mass produce industry-leading AI chip this year: CEO
Seoul, May 2 - Kwak Noh-jung, CEO of South Korean chipmaker SK hynix, on Thursday unveiled plans to mass-produce, up-to-date high bandwidth memory (HBM) chips with 12 layers in the third quarter, aiming to solidify the company's leadership in the artificial intelligence (AI)
Decline in battery costs boosting green energy projects: ICRA
New Delhi, May 2 - The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, including large hydro, to 40 per cent of the all-India electricity generation by FY2030 from less than 25
India’s manufacturing sector keeps up robust growth pace in April: HSBC survey
New Delhi, May 2 - India's manufacturing sector continued to grow at a robust pace in April on the back of strong demand although it was a tad lower than the record-high that it touched in March, according to an HSBC survey released
Food-agri startup Fresh From Farm raises funds, aims to reach Rs 100 crore ARR
New Delhi, May 2 - Food-agri startup Fresh From Farm (F3) on Thursday said it raised $2 million in a pre-series A round with participation from VC firm Inflection Point Ventures.
10,000 London cabbies sue Uber for millions over taxi-booking rules
London, May 2 - A group of more than 10,000 black cab drivers is suing Uber after accusing it of breaching taxi-booking rules in London, in a move which could cost the ride-hailing giant more than $313 million.
During Covid, no hike in taxes was PM Modi’s clear message: FM Nirmala Sitharaman
New Delhi, May 1 - Finance Minister Nirmala Sitharaman on Wednesday took to X to inform that the Goods and Services (GST) collections have crossed Rs 2 lakh crore benchmark for the year, on the back of strong momentum in the economy.
Embattled Byju’s links sales employees’ salaries to weekly revenue generation
New Delhi, May 2 - Embattled edtech platform Byju’s, which is finding it difficult to pay full salaries amid severe cash crunch, has now linked sales employees’ pay to weekly revenue generation.
Girish Mathrubootham steps down as Freshworks CEO, to spend more time in India
New Delhi, May 2 – Girish Mathrubootham, the CEO of Nasdaq-listed company Freshworks, on Thursday announced to step down from his current position and transition into the role of Executive Chairman. In a post on X social media platform, Mathrubootham said that he
Govt’s firm stand on buying Russian oil saves $8 billion in India’s import bill
New Delhi, May 1 - India's strategy of continuing to buy cheap oil from Russia despite Western pressures against these purchases has resulted in the saving of around $7.9 billion in the country's oil import bill during the first 11 months of the
Adani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled
New Delhi, May 1 - Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore.
Jindal Stainless rolls out Rs 5,400 crore expansion plan
Mumbai, May 1 - Steel manufacturer Jindal Stainless on Wednesday announced a three-pronged investment strategy worth Rs 5,400 crore as part of its plans to augment its melting and downstream capacities, the company said in an exchange filing.
American Express to open its largest office built from ground up globally
Gurugram, May 1 - American Express is going to open a new, ultra-modern campus in Gurugram. Spanning almost one million square feet, this facility is the largest office the company has built from the ground up globally. It prioritizes cutting-edge design, environmental responsibility,
UPI transaction count witnesses slight drop to 1,330 cr in April
New Delhi, May 1 - The number of Unified Payments Interface (UPI) transactions fell by 1 per cent (month-on-month) to 1,330 crore in April, down from 1,344 crore seen in March.
Adani Wilmar clocks 67 per cent surge in PAT for FY24, gains market share across key products
Ahmedabad, May 1 - Adani Wilmar on Wednesday reported a 67 per cent surge in profit after tax (PAT) at Rs 157 crore for the quarter ended March 31, 2024, compared to Rs 94 crore in the same quarter in the last fiscal
GST demand notices contributing to burgeoning GST collections
New Delhi, May 1 - An increasing number of GST demand notices being issued to companies is contributing to the burgeoning GST collections.
Ola Electric captures over 52 pc market share in EV 2-wheeler segment in April
New Delhi, May 1 - Bhavish Aggarwal-led Ola Electric on Wednesday announced that it has captured over 52 per cent market share in the electric vehicle (EV) two-wheeler segment in April.
Adani Group’s Ambuja Cements clocks highest-ever PAT at Rs 4,738 crore in FY24
Ahmedabad, May 1 - Ambuja Cements on Wednesday reported profit after tax (PAT) at Rs 4,738 crore for FY24 -- up by a record-setting 119 per cent (year-on-year) -- and operating EBITDA at Rs 6,400 crore, up by 73 per cent.