Paytm expands credit distribution business, extends higher ticket loans to consumers, merchants
New Delhi, Dec 6 - Paytm, India’s leading mobile payments and financial services distribution company, on Wednesday said it will expand its credit distribution business in partnership with large banks and NBFCs by offering higher ticket personal and merchant loans to lower risk
Ola Electric’s net loss surges to Rs 1,472 cr in FY23 as expenses grow
New Delhi, Dec 6 - Bhavish Aggarwal-driven Ola Electric’s net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses surged significantly.
Swiggy appoints Anand Kripalu as Independent Director, Chairperson of Board
New Delhi, Dec 6 - Online food delivery platform Swiggy on Wednesday announced the appointment of Anand Kripalu as an Independent Director and the Chairperson of its Board of Directors.
Hero MotoCorp, Ather Energy join hands for 1st-ever interoperable fast-charging network
New Delhi, Dec 6 - Hero MotoCorp and electric vehicle manufacturer Ather Energy on Wednesday entered into a partnership for an interoperable fast-charging network in the country, touted as the first-ever interoperable fast-charging network for EV two-wheelers anywhere in the world.
PhonePe’s Share.Market introduces Discover section with advanced Intelligence layer
New Delhi, Dec 6 - Share.Market, a PhonePe product, on Wednesday launched the 'Discover' section on the platform, which will facilitate an enhanced investment experience through its cutting-edge Intelligence layer.
Apple informs component suppliers to source iPhone 16 batteries from India: Report
New Delhi, Dec 6 - In an effort to diversify its global supply chain and move manufacturing out of China, Apple has informed its component suppliers of its preference to source batteries for the upcoming iPhone 16 from Indian factories, media report said
Gautam Adani now 15th richest in the world
New Delhi, Dec 6 - Gautam Adani, Adani Group Chairman is now the 15th richest in the world after adding more than $ 12 billion in a massive rally in Adani Group stocks.
FedEx invests $100 mn to foster job growth, innovation in Hyderabad
New Delhi, Dec 5 - Courier delivery services giant FedEx on Tuesday inaugurated its first-ever advanced capability community (ACC) hub in Hyderabad, marking a significant investment of $100 million in the city’s tech landscape.
Adani Green accomplishes its construction financing framework at $3bn
New Delhi, Dec 5 - Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of $1.36 billion to further boost its Construction Financing Framework to $3 billion backed by a consortium of renowned international banks.
Bike-taxi startup Rapido enters cab biz with intra-city mobility solution
New Delhi, Dec 5 - Bike-taxi startup Rapido on Tuesday announced its strategic entry into the cab business, with launching an intra-city, SaaS-based mobility solution with Rapido Cabs.
Celebrating realme’s 200 mn global shipments: A success story in smartphone industry
New Delhi, Dec 5 - realme, a rapidly growing smartphone brand in India, has recently announced a significant achievement -- its global smartphone shipments have successfully surpassed the 200 million units mark. This milestone was highlighted in Counterpoint's latest whitepaper, titled "Smartphone Democratisation
Mark Zuckerberg sells nearly $190 mn in Meta’s shares
San Francisco, Dec 4 - Meta Founder and CEO Mark Zuckerberg sold around $190 million in the company’s stock last month, the media reported.
Gen Z in India to lead key trends on Instagram in 2024
New Delhi, Dec 4 - Gen Z in India will lead the key trends on Instagram next year, from prioritising careers to being super on point with meme preferences, and exploring a variety of food flavours, the Meta-owned company said on Monday.
‘With more than 5% move in Nov, Nifty index looks to be 13% overvalued’
New Delhi, Dec 1 - The Nifty-50 index was up 5.6 per cent in November. A report by Kotak Institutional Equities said that "as per our 'Nifty fair value' model that accounts for changes in index valuation by looking at expected growth, bond
Tech Mahindra, AWS join hands to build a sports cloud platform
New Delhi, Nov 27 - Tech Mahindra on Monday announced it has collaborated with Amazon Web Services (AWS) to build a sports cloud platform.
Nvidia becomes biggest semiconductor firm in Q3, beats Intel, Samsung, TSMC
San Francisco, Nov 27 - Graphics chip giant Nvidia has become the most profitable semiconductor firm in the third quarter (Q3) of this year, surpassing Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC).
FIIs not putting incremental flows into India midcap stocks since Aug
New Delhi, Nov 27 - The big deployment by foreigners into India Midcap funds peaked in the week ending September 13. They haven’t done any incremental deployment since the past two months, as per a report by Elara Securities.
Crayon launches 1st ISV incubation centre in India with AWS
New Delhi, Nov 29 - Crayon Software Experts India (Crayon) on Wednesday announced the launch of an independent software vendor (ISV) incubation centre in Bengaluru in collaboration with Amazon Web Services (AWS).
India’s equity derivatives growth in fast-lane
New Delhi, Nov 27 - India is the third-largest market in terms of cash market volumes and the largest market for equity derivatives. Surge in investor participation and sachetization of equity derivatives has lifted derivatives volumes to 20-30x that of developed markets, foreign
Americans may be forced to finally pull back on their post-Covid spending spree
New York, Nov 27 - Some experts think the combination of high housing costs, rising credit card debt and shrinking savings could mean the end of post-Covid splurges, maybe even as soon as this year’s holiday shopping season, the media reported.