Companies

Telecom PLI scheme: Equipment manufacturing surges, sales cross Rs 50K crore

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs

Jul 10, 2024

Smart home refridgerator by LG at the IFA Electronics show

LG acquires majority stake in Netherlands-based Athom in AI push

Even after the acquisition by LG Electronics, Athom will continue to operate independently, maintaining its business operations and branding

Jul 7, 2024

Mobile tariff hike: Centre responds, says market's demand and supply decide it

The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector players, the current mobile services market operates through the market forces of demand and supply.

Jul 6, 2024

Elon Musk halts investment plans in India: Bloomberg report

It has been previously reported that Elon Musk had planned to visit Indian prime minister Narendra Modi in April

Jul 4, 2024

Zomato ESOP plan: 25% voted against it but gets shareholders' nod finally

Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the company said in an exchange filing.

Jul 2, 2024

Tata Group retains the spot as India's most valuable brand

The report noted that Tata's ranking reflects the group's strategic initiatives and extensive growth efforts

Jul 1, 2024

Mobile tariff hike may result in Rs 20,000 cr additional operating profits for telcos: Experts

The latest round of 15-20 per cent mobile tariff hikes for prepaid and postpaid plans by telecom service providers (TSPs) can result in additional operating profits of around Rs 20,000 crore for the industry once these hikes are fully absorbed, industry experts said on Friday.

Jun 28, 2024

Key investors move NCLT against Byju's rights issue, firm says yet to get any petition

Byju's Cleared of Financial Fraud But Governance Lapses Found

In a significant development, the Indian government has concluded a year-long investigation into the financial operations of Byju's, the embattled edtech firm. The probe, led by the Ministry of Corporate Affairs (MCA), found no evidence of financial fraud or manipulation of accounts.

Jun 26, 2024

'Our best is yet to come,' declares Gautam Adani as Modi 3.0 begins

Gautam Adani, Chairman of the Adani Group, said on Monday that with record results, robust cash positions, and the lowest debt ratios in the company's history, their path ahead is illuminated with the promise of even greater accomplishments and "the best is yet to come".

Jun 25, 2024

Byju's Challenges NCLT Order in High Court Amid Financial Crisis

In a recent development, Byju's, a leading edtech company, has approached the Karnataka High Court, challenging the order of the National Company Law Tribunal (NCLT).

Jun 23, 2024

Pioneering Sustainability: Director & CEO Mr. Avanish Singh Visen Sets a Benchmark for APPL and India

Sustainability is not just a buzzword for us; it's a core principle that drives every decision we make

Jun 21, 2024

7 tips to boost your financial well-being

Top 7 Tips for Your Financial Success

Achieving financial success requires careful planning, disciplined habits, and continuous learning.

Jun 21, 2024

Ola Electric captures over 52 pc market share in EV 2-wheeler segment in April

Ola Electric's IPO To Be A Game-Changer For India's EV Industry

In a significant development for India's electric vehicle (EV) industry, Ola Electric, under the leadership of Bhavish Aggarwal, has secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This event, which transpired on June 20, 2024, is a milestone as it represents the first IPO by an EV startup in India.

Jun 20, 2024

India aims to emerge as alternative to China with 3 major semiconductor projects

India is emerging as a promising alternative to China in the global chipmaking industry, hosting the Semicon exhibition for the first time. Prime Minister Narendra Modi has initiated three semiconductor projects worth Rs 1.25 lakh crore, aiming to make India a major semiconductor hub.

Jun 15, 2024

Paytm cuts jobs amid restructuring exercise, disburses bonus

One97 Communications Limited (OCL), which owns the Paytm brand, has begun to lay off an undisclosed number of employees amid a restructuring exercise, along with facilitating outplacement assistance to those affected.

Jun 10, 2024