Business and financial news
Chennai/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Tuesday announced the launch of its cutting edge 5G services in Coimbatore, Madurai, Hosur, Trichy. Airtel’s 5G services are already live in Chennai.
Berlin: US automaker Ford will cut 3,200 jobs at its factory in the German city of Cologne, German media reported.
San Francisco: Music streaming service company Spotify announced on Monday that it will lay off about 6 percent of its global workforce, impacting some 600 employees.
New Delhi/UNI: E-commerce giant Amazon India on Monday announced the launch of Amazon Air in India to enhance its transportation network and enable faster deliveries to customers.
As Google's parent company Alphabet Inc eliminated 12,000 jobs or 6 per cent of its workforce, investor Hedge fund billionaire Christopher Hohn wrote a letter to Sundar Pichai advising him to "cut thousand more jobs".
Regulations have recently been introduced for forex brokers to protect investors and ensure that the forex market remains fair and transparent. New regulations are expected to be introduced in 2023 to further enhance oversight of the foreign exchange market. For those who have not yet understood the terminology of the forex market, we advise you to learn more here.
Bangalore: Chocko Valliappa, Vice Chairman, Sona Group of Education Institutions' has suggested doubling allocation for education over the next three years.
Gurugram: Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, on Monday launched the new Hyundai AURA - the best mobility solution for modern Indian families with an introductory price of INR 6 29 600 (ex-showroom).
Mumbai:: As an effort towards encouraging Electric Vehicle (EV) adoption in the country, Tata Motors, India’s leading automotive manufacturer, has announced its partnership with ICICI Bank to offer an EV Dealer Financing solution to its authorised passenger EV dealers.
New Delhi: Creating a new history in the Indian two-wheeler industry, Honda Motorcycle & Scooter India, the undisputed leader of scooter segment, on Monday unveiled smarter and advanced Activa 2023, HMSI’s first OBD2 compliant two-wheeler, much ahead of the April 2023 deadline.
New Delhi: Tata Power, one of India’s largest and fastest growing EV charging solutions providers, has signed an agreement with GAIL Gas Limited, (a wholly owned subsidiary of GAIL (India) Limited, to install DC fast charging points at two of GAIL Gas CNG retail outlets (CNG stations) in Bengaluru.
Kolkata: SBI, the country’s largest lender, has partnered with MMRDA for providing NCMC based ticketing solution for the recently commissioned Mumbai metro lines 2A and 7.
Mumbai: Adani Cement’s waste management arm, Geoclean, enables a green economy for Ambujanagar (Gujarat) by safely managing solid and liquid wastes and diverting them from landfills, leading to resource conservation.
Bengaluru: ESOPDhan co-founder Nitin Agarwal, an angel investor, has said he expects the upcoming Union Budget to reduce the holding period of ESOP shares of unlisted companies from two years to one year for purposes of capital gain.
New Delhi: Canara Bank on Monday said that it has posted a 91.88 percent year-on-year growth in its net profit at Rs 2882 crore for the quarter ended December 31, 2022.
Washington: Elon Musk Saturday announced that the company's subscription service would show less advertising to users, including an ad-free tier, to address frequent and long advertisements on Twitter to improve the experience of the users on the microblogging site.
New Delhi: Yes Bank on Saturday reported a net profit of Rs 52 crore for the quarter ended December 31, 2022, down by 80% year- on-year compared to 266.43 crore in the corresponding quarter the previous year.
Mumbai/IBNS: SBI Life Insurance Company's profitability in December 2022 quarter dipped in both year-on-year and quarter-on-quarter terms.
Mumbai/IBNS: ICICI Bank Saturday reported an increase in profit after tax by 34.2% year-on-year to Rs 8,312 crore (US$ 1.0 billion) in Q3FY23.
New Delhi: Kotak Mahindra Bank on Saturday reported a 31 per cent year on year (YoY) jump in its standalone profit at Rs 2,792 crore for the quarter ended December 31, 2022.
Singapore-based fashion tech company Zilingo Pte is going to enter liquidation in the wake of complaints of financial irregularities that was followed by the termination of its high-profile CEO Ankita Bose, Bloomberg reported.
New Delhi/IBNS: Employees' Provident Fund Organisation (EPFO) has added 16.26 lakh new net subscribers during November 2022, registering a 16.5 percent higher compared to a year ago, the labour ministry said on Friday.
Mumbai: HDFC Life Insurance Company Ltd reported a 15 percent increase in its net profit to Rs 315.22 crore for the quarter ended December 31, 2022, riding on strong new business growth.
Google’s parent organization Alphabet is laying off 1200 employees or 6 percent of its workforce amid a grim growth outlook.
Mumbai/IBNS: Reliance Industries Ltd (RIL) on Friday said its consolidated net profit declined 15% year-on-year (YoY) for the quarter ended December 2022 to Rs 15,792 crore.
Mumbai/IBNS: Telecom giant, Reliance Jio registered double-digit growth in both the top-line and bottom-line in Q3FY23.
Pasighat: The Students of College of Horticulture and Forestry and College of Agriculture, Central Agricultural University, Arunachal Pradesh recently visited Siang Tea and Industries (P)Ltd. Donyi Polo Tea Garden at Oyan Craft Village of East Siang District on Monday.
Mumbai: Under the aegis of India’s G20 Presidency, the Ministry of Tourism, Government of India shall be organizing the country's first Global Tourism Summit in New Delhi from Apr 10-12, where all G-20 member countries will be invited to participate.
Kolkata: Bandhan Bank on Friday announced its financial results for the third quarter of the financial year 2022-23.
Puri: Bharti Airtel, India’s leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Puri in addition to Bhubaneswar, Cuttack and Rourkela launched in early January.
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