Companies

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato hit with Rs 803 crore tax notice demand amid AI integration plans

Zomato has been hit with a tax demand notice of Rs 803 crore by the Goods and Services Tax (GST) department. The notice, issued by the Joint Commissioner of CGST and Central Excise in Thane, includes GST demand and interest and penalty.

Dec 13, 2024

Telecom PLI sees Rs 3,998 crore worth actual investment: Centre

The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.

Dec 12, 2024

Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding

The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.

Dec 11, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL

Adani Green has emerged as the fastest wealth creator during the five-year period (2019-March 2024), with a compound annual growth rate (CAGR) of 118 per cent

Dec 10, 2024

Kia India logged domestic sales of 22,523 units in August, a 17.19 per cent

Tata Motors, Kia India to increase prices across passenger vehicles portfolio

Tata Motors on Monday announced to hike prices by up to 3 per cent across its passenger vehicles (PVs) portfolio, including electric vehicles (EVs).

Dec 9, 2024

Airtel flags 8 billion spam calls, 800 million spam SMSes

After the government directed telecom operators to curb the spread of spam calls and messages, Bharti Airtel on Monday said it has flagged 8 billion spam calls and 800 million spam SMSes within two and a half months of launching its AI-powered, spam-fighting solution.

Dec 9, 2024

Adani Group to invest Rs 7.5 lakh crore in Rajasthan towards key infra projects

The Adani Group on Monday announced investments of Rs 7.5 lakh crore in Rajasthan over the next five years to fund several key infrastructure projects.

Dec 9, 2024

Population collapse is accelerating: Elon Musk

Elon Musk's xAI raises $6 billion to expand AI capabilities

Elon Musk's AI company called xAI has raised $6 billion, as it plans to expand its supercomputer to house at least one million graphics processing units (GPUs).

Dec 6, 2024

Amazon sued over slow deliveries to low-income areas in US

The attorney general of the US District of Columbia sued Amazon, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically lower-income neighbourhoods.

Dec 5, 2024

Adani Defence hands over 2nd Drishti-10 drone to Indian Navy to enhance maritime security

In a bid to boost the country's maritime surveillance capabilities, Adani Defence and Aerospace has handed over a second Drishti-10 Starliner surveillance drone to the Indian Navy.

Dec 4, 2024

Zepto CEO credits govt's role for India's startup growth

Reddit post accuses Zepto of toxic work culture; CEO replies

Aadit Palicha, Co-founder and CEO of Zepto, on Wednesday said he is not against work-life balance and even recommends it to his competitors.

Dec 4, 2024

Ericsson Secures Multi-Billion 5G Deal with Bharti Airtel

Ericsson, the global telecommunications giant, has secured a multi-billion-dollar deal for 4G and 5G extension from Bharti Airtel for its operations in India. This deal is a part of a multi-year agreement for 4G and 5G RAN products and solutions.

Dec 4, 2024

IndiGo refutes report which rated it among world's worst airlines

Low-cost airline IndiGo on Wednesday refuted findings of a report which claimed that IndiGo has been ranked among the world's worst airlines this year.

Dec 4, 2024

Adani Group is on solid financial footing, certifies Bernstein

The US-headquartered financial research major Bernstein has published a report on Adani Group companies, stating that the Group is currently in a much stronger position than it was during the Hindenburg attack in January 2023.

Dec 3, 2024

Ambuja Cements partners Finland-based Coolbrook towards Net Zero goals

In a bid to achieve its Net Zero goals, Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, on Monday said it has entered into a strategic partnership with Finland-based technology and engineering company Coolbrook.

Dec 2, 2024