SEBI bars Anil Ambani, 24 others from capital market for five years
Mumbai, Aug 23 – Market regulator Security and Exchanges Board of India (SEBI) has barred Anil Ambani and 24 other entities from the capital market for five years, restraining the businessman from being associated with any listed company. SEBI barred the industrialist and
Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr
Mumbai, Aug 23 – The shares of Ambuja Cements, part of the diversified Adani Portfolio, gained in morning trade on Friday after a promoter entity likely divested Rs 4,197.8 crore worth stock at the floor price. Holderind Investments, a company owned by billionaire
Nestle appoints Laurent Freixe as CEO, replaces Mark Schneider
New Delhi, Aug 22 – Swiss conglomerate Nestle S.A. on Thursday appointed veteran executive Laurent Freixe as the CEO of the company, effective September 1, as Mark Schneider leaves the food and beverages multinational. The company has also nominated Freixe as a candidate
LinkedIn appoints Kumaresh Pattabiraman as Country Manager, Product Head in India
New Delhi, Aug 23 – Microsoft-owned professional networking platform LinkedIn on Friday announced it has appointed Kumaresh Pattabiraman as new Country Manager and Product Head in India. With over 135 million members, India stands as LinkedIn’s second-largest and fastest-growing market. In a post,
Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr
Mumbai, Aug 23 – The shares of Ambuja Cements, part of the diversified Adani Portfolio, gained in morning trade on Friday after a promoter entity likely divested Rs 4,197.8 crore worth stock at the floor price. Holderind Investments, a company owned by billionaire
Committed to advancing India’s EV ecosystem, fostering local manufacturing: Minister
New Delhi, Aug 23 – The government is committed to advancing India’s electric vehicle (EV) ecosystem, fostering local manufacturing and promoting sustainable growth, Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, has said. During a post-budget webinar in the national capital, Kumaraswamy
Indian cement makers plan Rs 1.25 lakh crore capex in FY 2025-27: Report
New Delhi, Aug 22 – Driven by healthy demand outlook and quest for market share, cement makers in the country are projected to undertake capital expenditure (capex) worth Rs 1,25,000 crore over fiscals 2025-2027, a report showed on Thursday. According to a Crisil
India mobile phone exports reach $6.5 billion in April-July, iPhones lead
New Delhi, Aug 22 – Led by iPhones, exports of mobile phones from India reached $6.5 billion in the April-July period (Q1 FY25) – an almost 40 per cent surge from the same period last fiscal (FY23), industry data showed on Thursday. iPhone
8 in 10 employees to stay with firms prioritising skills-first approach: Report
Mumbai, Aug 22 – More than 8 in 10 (83 per cent) of employees are more likely to stay with companies that adopt a skills-first approach, a report said on Thursday, as the ability to harness ‘skills intelligence’ has become a decisive factor
Beyond the smartphone: POCO Pad to usher in 5G phablet era
Mumbai, Aug 22 – Global smartphone brand POCO on Thursday said that drawing inspiration from the phablets that first blurred the lines between phone and tablet, its new Pad has gone a step further. By harnessing the power of 5G and integrating it
Indian cement makers plan Rs 1.25 lakh crore capex in FY 2025-27: Report
New Delhi, Aug 22 – Driven by healthy demand outlook and quest for market share, cement makers in the country are projected to undertake capital expenditure (capex) worth Rs 1,25,000 crore over fiscals 2025-2027, a report showed on Thursday. According to a Crisil
Emerging Bharat platforms giving large companies run for their money: Accel’s Sarthak Singh
New Delhi, Aug 22 – Emerging startups and digital services platforms for Bharat have not just cracked monetization but are also giving large companies “a run for their money,” according to Accel’s Sarthak Singh. Bharat, once seen as a blue ocean for startups,
UPI booster: Now withdraw money instantly from stock market on INDmoney
Mumbai, Aug 22 – Money management startup INDmoney on Thursday announced UPI-based instant withdrawals for investors from their stock trading accounts on its platform. The feature enables users to withdraw their funds into their savings accounts instantly, even if they are trading on
South Korea: Presidential office expresses disappointment over BOK’s rate freeze
Seoul, Aug 22 – The Presidential office expressed disappointment over the Bank of Korea’s decision to freeze the key rate at 3.5 per cent on Thursday, citing concerns over its impact on domestic consumption. “The interest rate decision lies within the authority of
India’s manufacturing sector poised for new era of growth: Nuvama
Mumbai, Aug 22 – Wealth management firm, Nuvama, on Thursday, said India has emerged as the sixth-largest manufacturing economy globally while the stage is set for a new era of growth fuelled by recent reforms and strategic initiatives such as the Make in
Delhi HC refers dispute between BharatPe, Ashneer Grover to arbitration
New Delhi, Aug 22 – The Delhi High Court on Thursday referred a dispute between BharatPe, an online money transaction platform, and its former managing director Ashneer Grover to a sole arbitrator. In its plea filed before the Delhi High Court, the fintech
India mobile phone exports reach $6.5 billion in April-July, iPhones lead
New Delhi, Aug 22 – Led by iPhones, exports of mobile phones from India reached $6.5 billion in the April-July period (Q1 FY25) – an almost 40 per cent surge from the same period last fiscal (FY23), industry data showed on Thursday. iPhone
8 in 10 employees to stay with firms prioritising skills-first approach: Report
Mumbai, Aug 22 – More than 8 in 10 (83 per cent) of employees are more likely to stay with companies that adopt a skills-first approach, a report said on Thursday, as the ability to harness ‘skills intelligence’ has become a decisive factor
Centre aligns projects for civil enclaves at Bagdogra, Bihta airports with National Master Plan
New Delhi, Aug 22 – The Network Planning Group (NPG) has evaluated two projects of the Ministry of Civil Aviation for the construction of new civil enclaves at Bagdogra Airport in West Bengal’s Siliguri and Bihta Airport in Bihar’s Patna for their alignment
Beyond the smartphone: POCO Pad to usher in 5G phablet era
Mumbai, Aug 22 – Global smartphone brand POCO on Thursday said that drawing inspiration from the phablets that first blurred the lines between phone and tablet, its new Pad has gone a step further. By harnessing the power of 5G and integrating it