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Nokia Q4 operating profit down 27%, beats forecast on margin boost

Nokia Q4 operating profit down 27%, beats forecast on margin boost

Thu, Jan 25, 2024

Nokia, however, saw improvement in gross margins boosting profits as sales of products shifted towards software, which brought in higher margins.

Walt Disney and Mahindra officials join USISPF Board of Directors

Walt Disney and Mahindra officials join USISPF Board of Directors

Sat, Jan 20, 2024

Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US.

Go First's lenders seek investor bids by January 31 -sources

Go First's lenders seek investor bids by January 31 -sources

Mon, Jan 15, 2024

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

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Go Digit IPO put in abeyance by Sebi; Virat Kohli, Anushka Sharma among investors

Go Digit IPO put in abeyance by Sebi; Virat Kohli, Anushka Sharma among investors

Tue, Sep 20, 2022

Going by the draft papers, the company's proposed initial public offering (IPO) comprised fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale of 10.94 crore equity shares by a promoter and existing shareholders.

National Logistics Policy: What Flipkart said and how it will benefit customers - explained

National Logistics Policy: What Flipkart said and how it will benefit customers - explained

Tue, Sep 20, 2022

Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost of businesses from 13-14 per cent to a single digit.

OYO IPO plan revived: Company files addendum with SEBI

OYO IPO plan revived: Company files addendum with SEBI

Mon, Sep 19, 2022

OYO's share of the total addressable market in its core growth markets was less than one per cent creating significant opportunities for it to grow its footprint. OYO has significant opportunities as 88 per cent of global hotels are in the unorganised space.

Green mobility key to decarbonisation of transport sector: NITI Aayog CEO Parameswaran Iyer

Green mobility key to decarbonisation of transport sector: NITI Aayog CEO Parameswaran Iyer

Wed, Sep 14, 2022

NITI Aayog CEO Parameswaran Iyer, while addressing an event organised by the 'Shoonya Forum', noted that the role of financing is critical for scaling of electric mobility in India.

HCL lays off 350 employees in India and other countries: Report

HCL lays off 350 employees in India and other countries: Report

Wed, Sep 14, 2022

According to reports, the workers, who were employed by HCL's client Microsoft's news outlet MSN, reportedly learnt that they have been let go at a town hall meeting last week.

IDBI Bank stake sale: Govt likely to invite bids next month

IDBI Bank stake sale: Govt likely to invite bids next month

Tue, Aug 30, 2022

"There are still some pending issues that need to be discussed with the Reserve Bank of India and Securities and Exchange Board of India. We are hopeful of issuing the EoI by September," the official told PTI.

Health Minister Mansukh Mandaviya's message for domestic pharma companies: 'Focus on innovative products'

Health Minister Mansukh Mandaviya's message for domestic pharma companies: 'Focus on innovative products'

Mon, Aug 29, 2022

Speaking at an event here to commemorate Silver Jubilee celebrations of National Pharmaceutical Pricing Authority (NPPA), the Union chemicals and fertilisers minister said that if the industry consolidates its research initiatives, it can further offer solutions in the global market.

Sequoia Capital India sells 17.2 crore Zomato shares, brings down stake to 4.4%

Sequoia Capital India sells 17.2 crore Zomato shares, brings down stake to 4.4%

Fri, Aug 26, 2022

In a fresh filing with the Bombay Stock Exchange (BSE), Zomato said Sequoia Capital India sold some 6.7 crore shares in the September 6-October 14, 2021 period and 10.5 crore shares between June 27-August 25, 2022.

Interest rate hikes have not yet impacted car demand: Maruti Suzuki's Shashank Srivastava

Interest rate hikes have not yet impacted car demand: Maruti Suzuki's Shashank Srivastava

Sun, Aug 21, 2022

With the launch of new products such as Grand Vitara and Brezza adding more to bookings, the company's pending orders have gone up to 3.87 lakh units, from around 2.8 lakh in the last quarter, MSIL Senior Executive Officer (Marketing & Sales) Shashank Srivastava said.

Apple iPhone VPN app security 'broken', claims security researcher; tech firm says already issued a fix

Apple iPhone VPN app security 'broken', claims security researcher; tech firm says already issued a fix

Sat, Aug 20, 2022

"At first, they appear to work fine. The iOS device gets a new public IP address and new DNS servers. Data is sent to the VPN server. But, over time, a detailed inspection of data leaving the iOS device shows that the VPN tunnel leaks," security researcher Michael Horowitz wrote in a blog post.

Paytm share price: What company's CEO Vijay Shekhar Sharma said on influencing stock price

Paytm share price: What company's CEO Vijay Shekhar Sharma said on influencing stock price

Sat, Aug 20, 2022

Paytm share price: Speaking at the company's 22nd annual general meeting (AGM), MD and CEO Vijay Shekhar Sharma said till 2018-19, the company was in expansion mode and it entered into the monetisation mode from 2019-20, according to participants who attended the meeting.

SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore

SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore

Fri, Aug 19, 2022

"SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per cent cash basis on April 20, 2022 for a reserve price of Rs 1,544.08 crore," SBI said in a regualtory filing on Thursday.

LIC Quarterly Results: Announced! Check Q1 profit of Life Insurance Corporation

Fri, Aug 12, 2022

LIC Quarterly Results: The state-run life insurance behemoth, which went public recently, had a net profit of Rs 2.94 crore in the year-ago period. The first-year premium for the reporting quarter came at Rs 7,429 crore as against Rs 5,088 crore in the year-ago period, it said in an exchange filing after its board meeting.

SUN TV quarterly results 2022: Declared! Check Q1 net profit and other details

SUN TV quarterly results 2022: Declared! Check Q1 net profit and other details

Fri, Aug 12, 2022

SUN TV quarterly results 2022: Sun TV's revenue from operations rose 48.88 percent to Rs 1,219.14 crore in the latest June quarter. It was at Rs 818.87 crore in the year-ago period. The company's total expenses climbed nearly 78 percent to Rs 660.80 crore in the three months ended June 2022.

ITC Hotels unveils ITC Narmada - 12th property in Gujarat

ITC Hotels unveils ITC Narmada - 12th property in Gujarat

Wed, Aug 10, 2022

ITC Narmada: Chief Minister of Gujarat inaugurated the ITC Narmada. It is Gujarat's first LEED Platinum certified hotel and is ITC Hotel's 15th Luxury Collection Hotel in India. ITC Narmada is ITC Hotels 12th property in the state of Gujarat.

Big Blow to WazirX! India freezes assets of Binance-linked crypto exchange

Big Blow to WazirX! India freezes assets of Binance-linked crypto exchange

Sat, Aug 06, 2022

"We have been fully cooperating with the Enforcement Directorate for several days and have responded to all their queries fully and transparently," said a spokesperson for WazirX, which is among the largest virtual currency exchanges in India.

IRB Infra Q1 Results: Net profit sees multi-fold jump to Rs 363 crore

IRB Infra Q1 Results: Net profit sees multi-fold jump to Rs 363 crore

Sat, Aug 06, 2022

The company had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. Total consolidated income during the quarter under review rose to Rs 1,995.40 crore as against Rs 1,670.48 crore in the year-ago period.

Need to boost manufacturing to create jobs, says Mahindra Group chairman Anand Mahindra

Need to boost manufacturing to create jobs, says Mahindra Group chairman Anand Mahindra

Fri, Aug 05, 2022

Addressing shareholders at the company's 76th annual general meeting here, Mahindra said that there are some gaps that need to be filled in to take full advantage of the opportunities arising out for the country.

Walmart layoff: American retail giant cuts hundreds of corporate jobs - Here's why

Walmart layoff: American retail giant cuts hundreds of corporate jobs - Here's why

Thu, Aug 04, 2022

Walmart described the layoffs as a way to "better position the company for a strong future," reports The Wall Street Journal. "We`re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson said in a statement late on Wednesday.

Airtel 5G services launch date REVEALED: Company signs pacts with Ericsson, Nokia, Samsung

Airtel 5G services launch date REVEALED: Company signs pacts with Ericsson, Nokia, Samsung

Wed, Aug 03, 2022

Airtel highlighted its long-standing relationship for connectivity and pan-India managed services with Ericsson and Nokia while stating that partnership with Samsung will begin this year onwards. The Sunil Mittal-led firm recently acquired 19,867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz bands, bolstering its spectrum holding.

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