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Gautam Adani, other defendants allegedly paid $250 million in bribes to Indian government officials, say US authorities; Adani bonds tank up to 10%

In more trouble for embattled businessman Gautam Adani, the billionaire, along with other defendants,allegedly paid over $250 million in bribes to Indian government officials, US authorities said.

21 Nov 2024 8:36 am
Parle Agro FY24 revenue down 12% to Rs 3,126 crore, profit slides 89% to Rs 17 crore

Its total profit plummeted 89.1 per cent to Rs 17.29 crore for the financial year ended on March 31, 2024, according to financial data accessed through the business intelligence platform Tofler.

20 Nov 2024 6:52 pm
Apple India's net profit up 23% to Rs 2,746 crore in FY24

The company posted a 36 per cent increase in total income to Rs 67,121.6 crore in FY24 from Rs 49,321.8 crore in FY23.

20 Nov 2024 6:46 pm
Defence PSU BEML's shares to be in focus as company bags Rs 246.78 crore order from CCL

The order entails the supply of 48 BH60M Rear Dump Trucks, along with spares and consumables and comprehensive after-sales service support, the Bengaluru-headquartered company said in a release.

20 Nov 2024 6:42 pm
Nokia bags multi-billion 5G extension deal from Bharti Airtel for India ops

Nokia has collaborated with Airtel for over two decades, providing 2G, 3G, 4G, and 5G network equipment.

20 Nov 2024 4:39 pm
Flipkart's Big Billion Days event lifts Walmart's International Q3 sales number

US-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.

19 Nov 2024 9:33 pm
Paytm UPI goes global; app users can make payments at select international locations

The move allows users to conveniently pay for all use cases including shopping, dining, and local experiences abroad using UPI through their Paytm app.

19 Nov 2024 6:55 pm
Amazon expands cross-border logistics programme; launches export navigator for sellers

E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad.

19 Nov 2024 4:34 pm
Corporate Infotech bags 7-year contract from ONGC for IT infra services

This project is aimed at augmenting ONGC's IT hardware infrastructure across its Corporate Infocom Data Centre (CIDC) in Delhi as well as the disaster recovery site in Vadodara, Gujarat, the Noida-based company said.

19 Nov 2024 2:43 pm
CCI imposes Rs 213.14 crore penalty on meta for anti-competitive practices

The Commission concluded that WhatsApp, operated by Meta, holds a dominant position in the OTT messaging app market in India.

19 Nov 2024 12:58 pm
We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-crore penalty

Meta and WhatsApp have also been asked to implement certain behavioural remedies within a defined timeline to address the anti-competition issues, according to a CCI order.

19 Nov 2024 12:50 pm
EV maker Wardwizard ties up with SpeedForce for after-sales service

Besides, as part of the collaboration, SpeedForce will also exclusively retail Joy e-bike models at its outlets, allowing customers to both purchase and service these bikes conveniently in one location.

19 Nov 2024 12:34 pm
Waaree Energies Q2 Results: Net profit grows 17% to Rs 375.6 crore

The company's total income rose to Rs 3,663.4 crore in the quarter under review, from Rs 3,558.5 crore in the second quarter of the last financial year.

19 Nov 2024 12:19 pm
Swiggy has let its leadership slip away, says MOFSL with 'Neutral' rating

Further risks cited by MOFSL are Swiggy's limited ability to expand margins in food delivery and quick commerce businesses, which could delay valuation re-rating, and intense competition in food delivery, quick commerce, and out-of-home sectors, which challenges its market position.

19 Nov 2024 10:10 am
PTC Industries Q2 Earnings: Engineering components maker's PAT doubles to Rs 17 crore

The total income rose 34 per cent Rs 80.8 crore from 60.3 crore in the second quarter last fiscal.

18 Nov 2024 8:13 pm
Zepto expands cafe service to major cities; eyes Rs 1,000 cr revenue run-rate by 2026

Quick commerce platform Zepto on Monday announced the rollout of its cafe service in major cities and said it targets a revenue run-rate of Rs 1,000 crore by 2026.

18 Nov 2024 7:14 pm
HealthKart announces $153 million investment led by ChrysCapital, Motilal Oswal alternates

Sameer Maheshwari, Founder and CEO of HealthKart, said, We welcome ChrysCapital and Motilal Oswal to HealthKart and hope to leverage their expertise during the next phase of growth.

18 Nov 2024 3:24 pm
UltraTech Cement to expand its electric truck fleet to 100

The company said it has signed a new transport service contract for the deployment of these trucks for the transportation of 75,000 MT (Million Tonne) of clinker per month from its integrated cement manufacturing unit at Dhar in Madhya Pradesh, to its grinding unit at Dhule in Maharashtra.

18 Nov 2024 1:34 pm
Indian IT Sector to see subdued growth in Q3, recovery likely in Q4FY25

The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.

18 Nov 2024 12:30 pm
Mercury EV-Tech's consolidated net profit rises - Check details

The company's sales increased 252.90 per cent to Rs 19.48 crore in the quarter that ended in September 2024 against Rs 5.52 crore in the year-ago quarter, which concluded in September 2023.

18 Nov 2024 12:09 pm
Tata Motors expects passenger vehicles retail sales to sustain momentum in Q3

The Mumbai-based auto major saw its PV volumes decline 6 per cent YoY to 1,30,500 units in the July-September period hit by tepid demand.

17 Nov 2024 8:59 pm
Dr Reddy's Laboratories, FDC recall products in US market

As per the USFDA, Princeton-based Dr Reddy's Laboratories Inc is recalling 2,040 bottles of 15 mg Morphine Sulfate extended-release tablets due to Failed Impurities/Degradation Specification.

17 Nov 2024 8:49 pm
Anil Ambani-led group sets up Reliance Group Corporate Centre under Vision 2030

Reliance Group, led by top businessman Anil Ambani, has launched its Reliance Group Corporate Centre (RGCC). RGCC will serve as a strategic hub that will provide guidance to itscompanies as they pursue new opportunities and technological advancements.

17 Nov 2024 8:13 pm
Suzlon, Tata Power, IREDA: Governments big move draws attention to these Stocks; check here

Indias renewable energy capacity has crossed 200 GW, heading towards the 500 GW target by 2030. The governments new task force proposal could lead to more growth in the sector, benefiting listed stocks. The listed companies in this sector have provided impressive multibagger returns in the stock market, and the governments new announcement could bring even more action in this space. Take a look.

17 Nov 2024 7:37 pm
Mufin Green net profit grows to Rs 6 crore in Q2

BSE-listed Mufin Green Finance is into financing green energy projects like setting up fast EV chargers and swappable batteries, among others.

15 Nov 2024 9:16 pm
Sobha Q2 Results: Net profit up 75% to Rs 26.08 crore nse nifty bse sensex

Total income rose to Rs 965.29 crore in the second quarter of the ongoing fiscal year from Rs 773.6 crore in the year-ago period.

15 Nov 2024 5:08 pm
Nazara Technologies sees Q2 profit decline 33% to Rs 16 crore

Nazara Technologies Q2 Results:Homegrown gaming and sports media company Nazara Technologies reported 33 per cent drop in its net profit for the July-September period (Q2 FY25).

15 Nov 2024 4:16 pm
273% return in 1 year: After stock split, this realty company allots over 88 lakh equities

The company has reported a 15 per cent jump in its Q2 consolidated net profit on a QoQ basis at Rs 11.01 crore.

15 Nov 2024 1:27 pm
Elon Musk names Microsoft as defendant in amended lawsuit against OpenAI

OpenAI, co-founded by Musk as an independent charity committed to safety and transparency and nurtured in its infancy by Musk's money, advice, recruiting efforts and connections is, at the direction of Altman, Brockman, and Microsoft, fast becoming a fully for-profit subsidiary of Microsoft, the lawsuit read.

15 Nov 2024 11:50 am
Prestige Estates buys 22,135 sqm land in Mumbai for Rs 291.6 crore

The acquired land will be planned for residential development spanning about 1 million sq ft carpet area.

15 Nov 2024 8:47 am