40 companies looking to raise nearly Rs 70,000 cr through IPO let their approval lapse in 2023
New Delhi, Jan 3 - The IPO pipeline for 2024 continues to remain strong. 27 companies proposing to raise Rs 28,500 crore are presently holding SEBI approval while another 36 companies looking to raise about Rs 40,500 crore are awaiting SEBI approval, as
Black Box to accelerate global growth plans with ambitious hiring drive in India
New Delhi, Jan 3 - Black Box Limited, a global Information & Communications Technology (ICT) Solutions Provider, is poised to embark on an exciting phase of growth and plans to expand its innovation and center of excellence within India.
Of the 57 IPOs in 2023, 41 received mega response of more than 10 times
New Delhi, Jan 3 - A total of 57 Indian corporates raised Rs 49,434 crore through main board IPOs in 2023, 17 per cent lower than the Rs 59,302 crore mobilized by 40 IPOs in 2022, according to Prime Database.
Palo Alto CEO Nikesh Arora becomes a rare non-founder billionaire
San Francisco, Jan 3 - Nikesh Arora, a SoftBank veteran and now the CEO of cybersecurity company Palo Alto Networks, has entered the billionaires’ club after a hefty paycheck he received from the firm.
AI will be at the forefront of smartphone tech transformation: Industry
New Delhi, Jan 3 - Artificial Intelligence (AI) will significantly transform the IT and technology sector, including upcoming smartphones, in India and will play a crucial role in enhancing battery life, improving camera quality and boosting voice assistant capabilities in future devices, industry
Motorola appoints TM Narasimhan to lead its India business
New Delhi, Jan 3 - Motorola Mobility India on Wednesday announced the appointment of T.M Narasimhan as the Managing Director for its Mobile Business Group in the country.
Samsung to unveil flagship Galaxy S24 series in heart of Silicon Valley
San Francisco, Jan 3 - Samsung on Wednesday announced to launch its next flagship Galaxy S24 series, powered by AI, during the ‘Unpacked’ event in the heart of Silicon Valley in the US this month.
Tesla delivers 1.81 mn cars in 2023, stays behind China’s BYD
San Francisco, Jan 2 - Elon Musk-run electric vehicle (EV) company Tesla on Tuesday said it delivered 1.81 million cars in 2023, which is a 38 per cent growth (year-on-year).
Transactions via UPI cross 100 bn mark in 2023: NPCI
New Delhi, Jan 2 - Transactions via the unified payments interface (UPI) platform surpassed the 100 billion-mark in 2023 to close at around 118 billion, representing 60 per cent growth as compared to 74 billion transactions recorded in 2022.
Indian pharma firm launches oral solution for prostrate cancer
Chennai, Jan 2 - Drug maker BDF Pharmaceuticals on Tuesday said it has introduced the world’s first oral solution in 32mg/mL for management of prostate cancer.
Adani Ports handled 35.65 MMT cargo in Dec ’23
Chennai, Jan 2 - The Adani Ports and Special Economic Zone Ltd (APSEZ) closed December 2023 by handling 35.65 MMT of cargo volumes, resulting in a strong 42 per cent year-on-year (YoY) increase.
RBI issues draft norms for dividend declaration by banks
Mumbai, Jan 2 - The Reserve Bank of India (RBI) on Tuesday came out with draft norms on declaration of dividend by banks and remittance of profits to head office by foreign bank branches in India.
Modi dedicates, lays foundation of Rs.20,000 crore projects in TN
Chennai, Jan 2 - Prime Minister Narendra Modi on Tuesday dedicated to the nation and laid the foundation for development projects worth over Rs.20,000 crore in Tiruchirappalli in Tamil Nadu.
US and global economy may face major challenges in 2024
Washington, Jan 2 - The US and the global economy may face major challenges in 2024 though they have proved to be surprisingly resilient in the past year. However, the strains of wars, still-elevated inflation and continued high interest rates could impact GDP
upGrad’s KnowledgeHut CEO quits, company appoints new head
New Delhi, Jan 2 - Founder and Chief Executive Officer (CEO) of upGrad-owned edtech company Knowledgehut Subramanyam Reddy has resigned after serving nearly 13 years at the company.
Consumer discretionary categories barring jewellery, travel staring at moderating growth
New Delhi, Jan 2 - Despite a promising start to the festive season, most sectors, excluding jewellery and travel, seem to have hit the snooze button, as per a report released by HDFC Securities.
Goldman Sachs cuts India’s CAD forecast for current fiscal to 1% of GDP
Mumbai, Jan 2 - Goldman Sachs has lowered its projection for India’s current account deficit in 2023-2024 to 1 per cent of GDP from 1.3 per cent earlier as the US bank expects services exports to rise further while crude oil prices are
Auto stocks top losers due to weak Dec volumes
New Delhi, Jan 2 - Nifty fell for the second consecutive session on Tuesday. At close, Nifty was down 0.35 per cent or 76.1 points at 21,665.8, while Sensex was down 379.46 points at 71,892.48.
Markets witnessing profit booking after 2 straight months of sharp up-move
New Delhi, Jan 2 - Domestic equities had a muted handover from its Asian peers after China released mixed manufacturing data on Tuesday.
AI, automation tools saving sales teams over 2 hrs of work each day: Study
San Francisco, Jan 2 - Artificial Intelligence (AI) and automation tools appear to be saving sales professionals over two hours of work each day a new study has found.