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Corporate Affairs
Google starts production of Pixel 8 in India
In a tweet posted late Tuesday night, the minister shared a picture of the Google Pixel 8 device on X (formerly Twitter).
Vedanta to offload 2.6% stake in Hindustan Zinc
NEW DELHI: Anil Agarwal-led Vedanta Limited announced on Tuesday the sale of up to 11 crore equity shares of Hindustan Zinc Limited (HZL), representing 2.6% of HZL's equity share capital. The sale will be conducted through an offer for sale…
JSW Steel to acquire 67% stake in Australian mining company M Res NSW
This is seen as a bid by the steel major to secure the raw material required to support its ambitious expansion plans.
Zomato-owned Blinkit to continue investment in newer categories
Albinder Dhindsa, founder and CEO, Blinkit, in a post on X announced ‘LEGO sets are available on blinkit!’
Grasim industries logs in net loss of Rs 52 crore
MUMBAI: Aditya Birla group flagship company Grasim Industries, which straddles textiles & textile fibres, real estate, building materials, cement and paints, has reported a standalone net loss of Rs 5212 crore in the June quarter…
E-commerce tycoon Colin Huang tops China’s rich list
BEIJING: E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful…
Adani Enterprises to raise Rs 12K cr via QIP
NEW DELHI: The flagship Gautam Adani Group firm -- Adani Enterprises Ltd (AEL) – will be testing waters in the equity market for the first time since its aborted follow-on offer in February 2023. The company is planning to raise Rs…
RIL’s capex falls 7% to Rs 1.32L cr in FY24
MUMBAI: Even as the government and bankers claim that credit demand from corporates are inching up indicating a revival in the much-delayed and much-desired animal spirit of India Inc, the largest corporate Reliance Industries’ capital…
Saudi delivery drivers bake in ‘deadly’ summer heat
RIYADH: Sheltering under a palm tree in Saudi Arabia's capital, a Pakistani delivery driver stole a quick break during the lunch rush when orders -- and scorching temperatures -- are at their peak.
Gulping a bottle of cold water as the…
Vedanta profit surges 37% to Rs 3,606 crore on better margins
NEW DELHI: Vedanta Ltd on Tuesday reported a 36.5%increase in consolidated net profit at Rs 3,606 crore for the quarter ended June 30, 2024, due to improved margins and robust cost reduction across all operations.
It had posted a net…
Government will not retract tax demand of Rs 32,000 crore against Infosys: Official
NEW DELHI: A senior official has confirmed that the Indian government will not retract the tax demand of Rs 32,000 crore against IT giant Infosys, citing strong evidence in the case related to goods and services tax (GST).
The official…
Vedanta Aluminum acquires seventh Bureau of Indian Standards certification
RAIPUR: Vedanta Aluminium becomes the "first company in the country’s aluminium industry to secure seven Bureau of Indian Standards (BIS) certifications" for its extensive range of aluminium products after the newly certified 12 mm wire…
Apple sets record quarterly revenue in India
NEW DELHI: Apple sets quarterly revenue records in India and more than two dozen other countries and regions with its June quarter revenue record of $85.8 billion, up 5 per cent.
The company also saw strong performance from its Mac…
Firstcry sets IPO price band at Rs 440-465
MUMBAI: Softbank, Ratan Tata and Sachin Tendulkar backed Firstcry, which claims to be the market leader in the ecommerce space catering to women and children, but has not made a single penny in profits in its 14 years of operations, has…
Hero Fincorp marginally scales down IPO size
MUMBAI: Retail-focused non-bank lender Hero Fincorp, the financial services arm of the world’s largest two-wheeler maker Hero Motorcorp, has filed the final papers with the markets regulator Sebi seeking to raise Rs 3,688 crore, marginally…
Cognizant June quarter profit up 22% at $566 million
BENGALURU: Nasdaq-listed technology major Cognizant has reported $566 million net profit, up 22.2%, in the quarter ended June 2024. The company's net profit in the same quarter last year was $463 million.
Its revenue in the June quarter…
Adani Wilmar to invest Rs 600 crore to expand edible oil business
NEW DELHI: Adani Wilmar Ltd plans to invest around Rs 600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher…
India fast-growing market with huge potential: Samsung executive
NEW DELHI: India is one of the rapidly growing markets globally, and South Korean tech firm Samsung sees huge growth potential in the country, a senior company executive has said.
Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the…
Coastal Energen promoter resists Adani Power bid
NEW DELHI: Promoters of Coastal Energen have reiterated their commitment for a one-time settlement with lenders. In a press statement issued by the company promoted by Ahmed A R Buhari, it said the promoters’ earlier settlement proposal at…
सीआईआई, चंडीगढ़ ने केंद्रीय बजट 2024-25 के गहन विश्लेषण के लिए एक सत्र का आयोजन किया
चंडीगढ़: सीआईआई ने उद्योग के विभिन्न क्षेत्रों के परिप्रेक्ष्य से केंद्रीय बजट 2024-25 का विश्लेषण करने के लिए एक इंटरैक्टिव सत्र का आयोजन किया। सत्र का उद्देश्य बजट और व्यवसायों पर इसके प्रभाव की विस्तृत समझ प्रदान करना था।
“तकनीकी और…