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Business
Investors shrug off toolkit against Adani Group, key portfolio firms' stock...
24 May 2024 4:30 PM IST
Mumbai, May 24: The key portfolio companies of the Adani Group on Friday continued their sharp rally, with the flagship Adani Enterprises Ltd (AEL) regaining losses of more than $30 billion that accrued after the short seller firm Hindenburg's report.The Adani Enterprises stock has registered a rise...
Business
India only country among world's top 5 to register rise in steel production in...
24 May 2024 4:28 PM IST
New Delhi, May 23: India is the only country among the world's top steel producing nations to post a growth in steel production during April this year, according to figures compiled by the World Steel Association. India, the second largest steel producer in the world next to China produced 12.1...
Business
X platform now has 600 million monthly active users: Musk
24 May 2024 4:25 PM IST
New Delhi, May 24: Tesla CEO Elon Musk on Friday said that his X social media platform has reached 600 million monthly active users (MAUs). Musk, who acquired the platform in 2022 for $44 billion, is making it an “everything app” where people can post movies and TV shows and also make digital...
Business
NP Singh to move on as MD & CEO of Sony Pictures Networks India, asks firm to...
24 May 2024 6:34 PM IST
New Delhi, May 24: NP Singh, Managing Director and CEO of Sony Pictures Networks India (SPNI), has stepped down after 25 years at the company. Singh is moving to an advisory role in the company. After nearly 44 years in my career, including a rewarding 25 year tenure at SPNI, I have decided to move...
Business
Lava announces its new Board members; Sunil Raina joins as Director
24 May 2024 3:54 PM IST
New Delhi, May 24: Home grown electronics manufacturer Lava International on Friday announced its new Board members to drive the company's next phase of growth and innovation. The company's Executive Director Sunil Raina and Chief Manufacturing Officer Sanjeev Agarwal have joined as Directors....
Business
Delhi-NCR leads in decline of unsold housing inventory in last 5 years: Report
23 May 2024 2:53 PM IST
Mumbai, May 23: The unsold home inventory in Delhi-NCR declined by a massive 57 percent in the last five years, from nearly 2 lakh units in the first quarter of 2018 end to around 86,420 units by Q1 2024, a report showed on Thursday. Bengaluru, Hyderabad and Chennai saw their collective unsold stock...
Business
NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in...
23 May 2024 1:31 PM IST
New Delhi, May 23: NHAI has a monetisation potential of Rs 53,000 to 60,000 crore from the sale of 33 road assets through the toll operate transfer and Infrastructure Investment Trust mode that it has lined up for the financial year 2024-25, according to an ICRA report released on Thursday.ICRA also...
Business
Fintech platform ProsParity raises funds from BEENEXT, other investors
23 May 2024 1:17 PM IST
New Delhi, May 23: Fintech platform ProsParity on Thursday said that it raised $2 million in a pre seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures.Other investors such as Dr Ashish Gupta (Co-founder of Junglee &...
Business
Ex-Wipro CEO becomes highest paid exec in Indian IT industry for FY24, earns...
23 May 2024 1:08 PM IST
New Delhi, May 23: Former Wipro Chief Executive Officer (CEO) and Managing Director (MD) Thierry Delaporte has become the highest paid CEO in the Indian IT industry for FY24 as he earned more than $20 million (or over Rs 165 crore). This is the second consecutive year that he has become the highest...
Business
Telangana to unveil policies for six industrial sectors
22 May 2024 2:10 PM IST
Hyderabad, May 21: The Telangana government will formulate six new policies for industrial development, including one for the MSME sector and one for exports, it was announced on Tuesday. A new life sciences policy, a revised policy for electric vehicles, a medical tourism policy, and a green energy...
Business
SpiceJet to seek refund of Rs 450 cr from Kalanithi Maran after Delhi HC ruling
22 May 2024 2:10 PM IST
New Delhi, May 22: Following the Delhi High Court ruling, SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways. A division bench’s order overturned a previous single judge order in the prolonged share transfer dispute.SpiceJet...
Business
Snapchat strengthens senior leadership team in India
22 May 2024 2:07 PM IST
New Delhi, May 22: Social media platform Snapchat on Wednesday strengthened its leadership team in India, a country where it has reached over 200 million monthly active users. The company has hired key people across content, partnerships, augmented reality (AR), growth and sales verticals in...
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