India now home to over 150 two-wheeler EV startups
New Delhi, March 20 - Driven by conducive government policies and incentives towards a green future, India now has more than 150 two-wheeler electric vehicle (EV) startups, a new report said on Wednesday.
Zomato uniform colour changes from green to red, sparks debate
Mumbai, March 20 - Ahead of the Holi colours bash, the food delivery major Zomato has ‘changed’ its colours from green to red even for rushing vegetarian deliveries to its customers across India, sparking a colourful debate on social media.
No notice from US Department of Justice: Adani Group
New Delhi, March 20 - After a JP Morgan report stated that the scope for bribery looks "highly unlikely" for the Adani Group given the high level of transparency involved in renewable energy sector in India, the Adani Group of companies said they
Tata Chemicals shares plunge more than 8 per cent
New Delhi, March 20 - Tata Chemicals shares were down more than 8 per cent on Wednesday leading the trend as most Tata group shares except TCS trended down.
‘Domestic demand growth has moderated for tyre companies’
New Delhi, March 20 - Given the recent uptick in natural rubber and crude oil prices, coupled with muted demand trends in the domestic market, the margins of tyre companies may come under pressure if prices sustain at these levels, said Kotak Institutional
‘Pure veg mode’ fleet will also wear colour red: Zomato CEO
New Delhi, March 20 - Facing flak over his decision to launch a ‘pure veg mode,’ Zomato Co-founder and CEO Deepinder Goyal on Wednesday said the company has decided to remove the on-ground segregation of its rider fleet on the ground using the
Will roll back ‘pure veg mode’ if it sees negative social repercussions: Zomato’s Deepinder Goyal
New Delhi, March 19 - Facing criticism on social media after launching the “Pure Veg Mode” on his platform, Zomato Co-founder and CEO Deepinder Goyal on Tuesday clarified that if the company sees any significant negative social repercussions of this decision, “we will
Satya Nadella welcomes Mustafa Suleyman as CEO of Microsoft AI
New Delhi, March 19 - Microsoft Chairman and CEO Satya Nadella on Tuesday welcomed Mustafa Suleyman as CEO of the company’s artificial intelligence (AI) venture.
Good governance crucial than highest market cap for startups: Industry leaders
New Delhi, March 20 - As certain Indian digital companies like Byju’s, with a mammoth $22 billion valuation once, get embroiled in corporate governance issues, top industry leaders have said that running a clean company with honest practices and good governance is more
SEBI proposes audiovisual format for IPO disclosures
New Delhi, March 19 - Markets regulator SEBI has proposed that the disclosures made in the DRHP and RHP of public issues shall also be made available in audiovisual (AV) format by the issuer companies desiring to list on the main board.
India’s direct tax collections jump 20% to cross Rs 18. 9 lakh crore in 2023-24
New Delhi, March 19 - The country's Direct Tax collections for the current financial year, ending on March 31, 2024 have shot up by 19,88 per cent to Rs 18,90,259 crore compared to Rs 15,76,776 crore in the same period of the previous
CCI approves Ultra Tech’s acquisition of Kesoram cement business
New Delhi, March 19 - The Competition Commission of India (CCI) on Tuesday approved the acquisition of Kesoram Cement Business by UltraTech Cement Limited from Kesoram Industries Limited.
‘India targets to hike share of natural gas in the energy mix to 15 per cent’
Chennai, March 19 - India targets to increase the share of natural gas in its overall primary energy mix to 15 per cent by 2030 from the prevailing 6 per cent share, said credit rating agency CARE Ratings.
RBI fines Tamilnad Mercantile Bank, DCB Bank for breach of norms
Mumbai, March 19 - The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.38 crore on Tamilnad Mercantile Bank Limited and a fine of Rs 63.6 lakh on DCB Bank Ltd. (the bank) for not complying with regulatory norms.
India will have 10-15 lakh startups, 500 unicorns by 2029: BJP’s Hitesh Jain
New Delhi, March 19 - Startups are the ambassadors of 'Viksit Bharat' and by 2029, the country will have at least 10-15 lakh startups and about 500 unicorns, thus creating thousands of jobs for the youth, BJP Mumbai Pradesh Vice President Hitesh Jain
Dr Reddy’s launches cancer drug in the UK
Chennai, March 19 - Pharma major Dr Reddy's Laboratories Ltd on Tuesday announced the launch of its cancer drug Versavo (bevacizumab) in the UK.
GoodEnough to set up Rs 450 crore factory for energy storage systems in J&K
New Delhi, March 19 - GoodEnough Energy on Tuesday announced that it would make an investment of over Rs 450 crore for setting up a Battery Energy Storage System (BESS) gigafactory in Jammu & Kashmir.
NHAI raises record Rs 16,000 crore war chest via highway monetisation
New Delhi, March 19 - National Highways Authority of India (NHAI), has raised a record Rs 16,000 crore through its Infrastructure Investment Trust for the monetisation of various highway stretches of the aggregate length of 889 kilometers.
Strong demand, high corporate profits to propel India’s growth ahead: RBI
Mumbai, March 19 - The high visibility of structural demand and healthier corporate and bank balance sheets are likely to propel India’s growth going forward even as the global economy is losing steam, according to the RBI’s monthly bulletin released on Tuesday.
Zomato launches ‘Pure Veg Mode’ with vegetarian riders from eateries that don’t serve meat
New Delhi, March 19 - Zomato Co-founder and CEO Deepinder Goyal on Tuesday announced a ‘Pure Veg Mode’ along with a ‘Pure Veg Fleet’ on his platform for customers with 100 per cent vegetarian dietary preference.