Byju’s faces insolvency proceedings from foreign lenders in India, company says ‘baseless’
New Delhi, Jan 25 - Byju's lenders, who extended more than 85 per cent of Byju's $1.2 billion term loan, have reportedly filed an insolvency petition against the edtech major at the Bengaluru bench of the National Company Law Tribunal (NCLT).
Latest measure of US inflation shows progress toward Fed’s goal
New York, Jan 26 - The last US inflation snapshot for 2023 revealed that the Federal Reserve’s preferred price gauge didn’t budge last month, holding at 2.6 per cent and wrapping up a year in which price hikes slowed while the economy remained
US economy remained shockingly robust in fourth quarter
Washington, Jan 25 - The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023, a media report said.
IndiGo announces direct flight between Dubai and Surat from Feb 23
New Delhi, Jan 25 - IndiGo on Thursday announced direct flights between Dubai and Surat which will operate tri-weekly from February 23.
Bajaj Auto topples M&M as third most valuable auto company in India
Mumbai, Jan 25 - Bajaj Auto has toppled Mahindra & Mahindra (M&M) as the third most valued auto company in the country.
PNB clocks 3-fold jump in net profit at Rs 2,223 crore for Q3
New Delhi, Jan 25 - Punjab National Bank (PNB) on Thursday announced an over three-fold jump in its profit to Rs 2,223 crore for the October-December quarter of the current financial year, compared to the corresponding figure of Rs 629 crore in the
Zomato gets RBI approval to operate as ‘online payment aggregator’
New Delhi, Jan 25 - Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato Payments Private Limited (ZPPL) has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payment Aggregator'.
JSW Steel records five-fold jump in Q3 net profit at Rs 2,415 cr
Mumbai, Jan 25 - Billionaire Sajjan Jindal-led JSW Steel on Thursday reported a close to five-fold rise in its net profit for the October-December quarter of the current financial year, driven by robust domestic demand.
‘Shark Tank India 3’: ‘RodBez’ seals joint deal with OYO Rooms founder, Sugar Cosmetics CEO
Mumbai, Jan 25 - The new episode of 'Shark Tank India' season three saw an innovative pitch by Bihar's 'RodBez', a platform offering one-way taxi, taxipool, and carpool services The founders have sealed a deal of Rs 20 lakh for five per cent
HPCL posts Rs 529 cr net profit in Oct-Dec quarter
New Delhi, Jan 25 - Public sector oil marketing company Hindustan Petroleum Corporation Limited (HPCL) reported a profit of Rs 529 crore for the October-December quarter, which is a 3-fold increase over the corresponding figure of Rs 172 crore for the same quarter
Samsung India partners Blinkit to deliver Galaxy S24 series in 10 min
New Delhi, Jan 25 - Samsung on Thursday announced a tie-up with quick-commerce platform Blinkit to deliver its newly launched Galaxy S24 series in India.
Will soon launch Digital India futureLABS, Semiconductor Research Centre: MoS IT
New Delhi, Jan 25 - The Union Government on Thursday announced its plans to launch ‘Digital India futureLABS’ and establish the India Semiconductor Research Centre.
Reliance Jio, OnePlus join hands to drive 5G innovation in India
New Delhi, Jan 25 - Reliance Jio and the global technology brand OnePlus on Thursday announced a strategic partnership aimed at unlocking the full potential of 5G technology in India.
Apple plans to charge developers who allow to sideload their apps in EU: Report
San Francisco, Jan 25 - Apple is reportedly planning to impose fees and restrictions on developers who offer the ability to sideload their apps in the European Union (EU).
US-based investment firm Fidelity cuts valuation of Pine Labs, Meesho
New Delhi, Jan 25 - Global investment firm Fidelity has marked down the valuation of fintech unicorn Pine Labs and e-commerce company Meesho.
LG Electronics’ profit more than quadruples on home appliances, automotive parts
Seoul, Jan 25 - LG Electronics said on Thursday that its fourth-quarter operating profit more than quadrupled from a year earlier on robust sales of home appliances and automotive parts.
Autonomous vehicle tech firm Aurora lays off 3% of workforce
San Francisco, Jan 25 - Autonomous vehicle technology company Aurora Innovation has laid off three per cent of its workforce at the starting of this year, the media reported.
WhatsApp working on ‘chat interoperability’ feature to comply with new EU rules
New Delhi, Jan 24 - Meta-owned WhatsApp is working on a chat interoperability feature to comply with new European Union (EU) regulations.
Sensex down 700 points led by slump in Tech Mahindra
New Delhi, Jan 25 - BSE Sensex is down 700 points in morning trade on Thursday led by a slump in Tech Mahindra.
Microsoft now a $3 trillion company, second after Apple
San Francisco, Jan 25 - Microsoft has reached the coveted $3 trillion mark and became the second company after Apple to achieve this feat.