Company / Zee Biz
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.
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.
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.
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.
Nokia has collaborated with Airtel for over two decades, providing 2G, 3G, 4G, and 5G network equipment.
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.
The move allows users to conveniently pay for all use cases including shopping, dining, and local experiences abroad using UPI through their Paytm app.
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.
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.
The Commission concluded that WhatsApp, operated by Meta, holds a dominant position in the OTT messaging app market in India.
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.
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.
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.
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.
The total income rose 34 per cent Rs 80.8 crore from 60.3 crore in the second quarter last fiscal.
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.
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.
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.
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.
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.
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.
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.
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.
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.
BSE-listed Mufin Green Finance is into financing green energy projects like setting up fast EV chargers and swappable batteries, among others.
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.
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).
The company has reported a 15 per cent jump in its Q2 consolidated net profit on a QoQ basis at Rs 11.01 crore.
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.
The acquired land will be planned for residential development spanning about 1 million sq ft carpet area.