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.
Godrej family to continue joint biz for Vikhroli real estate project in Mumbai
Mumbai, May 1 - Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced on Wednesday that the two companies will continue their association for land development in Vikhroli.
Maruti Suzuki India begins pre-booking of Epic New Swift at Rs 11K per unit
New Delhi, May 1 - Leading carmaker Maruti Suzuki India on Wednesday started the pre-bookings of the 4th generation Epic New Swift at Rs 11,000 per unit.
Eager to harness AI to bring societal benefit for ‘Bharat’: OpenAI’s first employee in India
New Delhi, May 1 - Sam Altman-run ChatGPT developer OpenAI is eager to contribute to India's artificial intelligence (AI) mission by collaborating with developers, users and policymakers, Pragya Misra, the company’s Public Policy & Partnerships lead in the country, said on Wednesday.
GST collections scale record high of Rs 2.1 lakh crore in April
New Delhi, May 1 - The country's gross GST revenue collection for April this year soared to the highest ever level at Rs 2.10 lakh crore, Finance Minister Nirmala Sitharaman announced on Wednesday.
Microsoft announces to open its first regional data centre in Thailand
New Delhi, May 1 - Microsoft on Wednesday announced to build a new cloud and artificial intelligence (AI) infrastructure in Thailand, provide AI skilling opportunities for more than 100,000 people, and support the nation's growing developer community.
MG Motor India clocks retail sales of 4,485 units in April
New Delhi, May 1 - Car manufacturer Morris Garages (MG) Motor India on Wednesday announced that it clocked retail sales of 4,485 units in the country in April.
Govt cuts windfall tax on crude oil, ONGC, OIL India Ltd to gain
New Delhi, May 1 - The Government has cut the windfall tax on crude oil to Rs 8,400 a metric ton from Rs 9,600 with effect from Wednesday as part of its fortnightly revision.
The 127-year-old Godrej empire split: How it was resolved amicably
New Delhi, May 1 - In the increasingly contentious world of family business splits, the peaceful division of the 127-year-old Godrej empire worth $5.7 billion is a rare occurrence.
India’s per capita GDP growing faster than peers, reverses pre-2014 falling trend
New Delhi, April 30 - Apart from India taking the big leap from the fragile five to the world's top five economies based on GDP in the last 10 years of the Narendra Modi government, an analysis by experts based on IMF data
Exports of eco-friendly cars drop amid slowing EV shipments in S. Korea
Seoul, May 1 - South Korean exports of environment friendly vehicles fell for the first time in the first quarter after reporting on-year increases in the past 12 quarters, an industry association said on Wednesday.