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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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PwC India announces to invest over Rs 600 crore towards employees' wellbeing

PwC India announces to invest over Rs 600 crore towards employees' wellbeing

Mon, Apr 17, 2023

PwC India on Monday said it is committed to invest over Rs 600 crore over the next three years towards the holistic growth, development and wellbeing of its people through its new `People Experience Framework`.

Accounting firm EY calls off plan to split audit, consulting units

Accounting firm EY calls off plan to split audit, consulting units

Wed, Apr 12, 2023

Accounting firm EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses that was meant to address regulatory concerns over potential conflicts of interest.

Google slapped with $32 million fine for unfair practices in app market

Google slapped with $32 million fine for unfair practices in app market

Tue, Apr 11, 2023

South Korea`s antitrust regulator on Tuesday slapped a fine of 42.1 billion won (more than $31.8 million) on Google and its regional arms for unfair business practices aimed at solidifying its dominance in the Korean mobile gaming app market.

Apple to open its 2nd Indian retail store in Delhi on April 20

Apple to open its 2nd Indian retail store in Delhi on April 20

Tue, Apr 11, 2023

After Mumbai, iPhone maker Apple will open its second retail store in India on April 20 in Delhi, the company said on Tuesday. The world's largest mobile devices company announced that its Apple store in Mumbai will open on April 18.

NTPC coal output rises 65% to 23 million tonnes

NTPC coal output rises 65% to 23 million tonnes

Sun, Apr 09, 2023

NTPC has achieved the highest-ever annual overburden removal of 73.0 million cubic metres, representing 129 per cent growth compared to 31.9 million cubic metres of overburden removal in the previous fiscal.

Axis AMC appoints B Gopkumar as CEO & MD, replaces Chandresh Nigam

Axis AMC appoints B Gopkumar as CEO & MD, replaces Chandresh Nigam

Sun, Apr 09, 2023

Axis AMC appoints B Gopkumar: Axis Mutual Fund has appointed B Gopkumar as its new Managing Director (MD) and Chief Executive Officer (CEO). He is currently the MD & CEO of Axis Securities.

LIC's net income jumps manifold to Rs 6,334.2 crore in Q3

Sun, Apr 09, 2023

Higher premium income and investment gains boosted the public sector life insurer LIC's net income manifold to Rs 6,334.2 crore during the three months ending December 2022 as against Rs 235 crore a year ago.

Mahindra, SBI tie up for tractor, farm machinery financing

Mahindra, SBI tie up for tractor, farm machinery financing

Sun, Apr 09, 2023

Mahindra's farm equipment arm has tied up with State Bank of India to provide easy loan options on tractors and farm machinery products.

Zydus gets USFDA final approval for Acetazolamide tablets

Zydus gets USFDA final approval for Acetazolamide tablets

Thu, Apr 06, 2023

Zydus Lifesciences Ltd on Thursday said it has received final approval from the US health regulator to manufacture and market its generic Acetazolamide tablets used in the treatment of glaucoma.

Reliance, Jio raise $5 billion in largest syndicated loan in India

Reliance, Jio raise $5 billion in largest syndicated loan in India

Wed, Apr 05, 2023

Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of USD 5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said.

Papa John's expands partnership with PJP Investments to open 650 restaurants in India by 2033

Papa John's expands partnership with PJP Investments to open 650 restaurants in India by 2033

Wed, Apr 05, 2023

PJP is among the first Papa John's international franchisees to adopt a new, more modern design for international restaurants that are elevating Papa John's experience around the globe.

Havells India partners with Blixt Tech AB to introduce Solid State Circuit Breaker technology

Havells India partners with Blixt Tech AB to introduce Solid State Circuit Breaker technology

Tue, Apr 04, 2023

India's demand for high-power applications is expected to grow faster in the coming decades, and the power system is projected to become technologically superior, smart, and conducive to IT-enabled data sharing and management technology, said Havells.

Chennai, Kamarajar Ports eye 100 million MT cargo in FY 2023-24

Chennai, Kamarajar Ports eye 100 million MT cargo in FY 2023-24

Mon, Apr 03, 2023

The Chennai Port Trust and its subsidiary Kamarajar Port Ltd have set a target of crossing 100 million metric tonne of cargo in the current financial year, a top official said here on Monday.

Yulu ties up with Zomato to provide e-scooter for food deliveries

Yulu ties up with Zomato to provide e-scooter for food deliveries

Mon, Apr 03, 2023

Yulu has joined hands with Zomato for providing 25,000-35,000 units of its purpose-built e-scooter DeX to the latter's delivery partners for last-mile delivery on custom-made rental plans, a statement said on Monday.

SAIL produces record 18.28 MT crude steel; 19.40 MT hot metal in FY23

SAIL produces record 18.28 MT crude steel; 19.40 MT hot metal in FY23

Mon, Apr 03, 2023

State-owned SAIL has produced a record 18.28 million tonnes (MT) of crude steel during financial year 2022-23, registering a year-on-year rise of 5.3 per cent.

Google to cut free snacks & workout classes for employees: Report

Google to cut free snacks & workout classes for employees: Report

Sun, Apr 02, 2023

On January 20, Google CEO Sundar Pichai had confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.

Surf Excel, Vim, Rin to cost less as HUL cuts prices

Surf Excel, Vim, Rin to cost less as HUL cuts prices

Fri, Mar 31, 2023

Hindustan Unilever has slashed prices of its detergent and dish wash bar brands such as Surf Excel, Vim and Rin - here's why the FMCG major has decided to reduce prices.

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Tue, Mar 28, 2023

Reports said that hundreds of employees faced cuts in security roles under Charlie Bell, a former Amazon Web Services executive who joined Microsoft in 2021. A Microsoft spokesperson said the latest layoffs "are part of the effort to align our cost structure with our revenue that was announced in January".

HDFC board clears raising Rs 57,000 crore through non-convertible debentures

HDFC board clears raising Rs 57,000 crore through non-convertible debentures

Mon, Mar 27, 2023

The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a regulatory filing.

Zydus recalls over 55,000 bottles of generic drug in US amid failed impurities specifications

Zydus recalls over 55,000 bottles of generic drug in US amid failed impurities specifications

Sun, Mar 26, 2023

As per the latest enforcement report by the US Food and Drug Administration (USFDA), Zydus Pharmaceuticals (USA) Inc is recalling 21,936 (30 count) and 33,096 (100 count) bottles of Colchicine tablets, which are used to treat gout.

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