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The largest private lender in India, HDFC Bank, reported a 21% increase in its consolidated net profit for the fourth quarter of the fiscal year 2022–23 on Saturday. During the quarter, the bank made a profit of Rs 12,594.5 crore. For the quarter that ended on March 31, 2023, HDFC Bank’s consolidated net revenue increased […]
The Adani group is trying to win back investors’ confidence following Hindenburg’s allegations of inappropriate use of offshore tax havens and stock manipulation. It’s communicating to investors that top European and Japanese banks have shown confidence in the group. A report by a business daily claimed that the group, through a series of roadshows from […]
In a significant victory, India was elected to the UN Statistical Commission (StatCom) for a four-year period in a “competitive” election. It should be mentioned here that India was a member of the Statistical Commission last in 2004 and the country is returning to the UN agency after a gap of two decades. Meanwhile, South […]
The startup euphoria is due for a reality check. A dry spell of funding has slowed the growth of startups, with many humble businesses opting for belt-tightening measures. According to a report published by a national daily, small businesses are feeling the aftereffects of the recession, with funding dipping to below $30 billion last year […]
RS Sodhi, who retired as managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) earlier this year, is now joining Reliance Retail, according to media reports. The 65-year-old Sodhi will be joining Reliance with the responsibility of building the grocery vertical, which consists of fruits and vegetables. The top management of GCMMF has always been […]
The NCLAT on Wednesday upheld the CCI’s order penalising Internet giant Google with a fine of Rs 1,337.76 crore. The National Company Law Appellate Tribunal (NCLAT) two-member bench ordered Google to follow the instruction and deposit the amount within 30 days. The CCI order was modified by the NCLAT panel, which also included Member Alok […]
Shark Tank India fame, Ashneer Grover, informed his fans and followers about his father’s passing on social media. He posted a touching message and a picture of his father. Ashok Grover, his father, was 70 years old. Ashneer wrote: “Bye Papa. Love you ! Take Care of Papaji, Badi Mummy, Nanaji and Naniji in heaven. […]
Avalon Technologies is entering the capital markets on Monday, 3 April, with an initial public offer (IPO) of equity shares in the price band Rs 415-336, aggregating to Rs 865 crore. The IPO consists of fresh equity shares of face value Rs 2 aggregating to Rs 320 crore and an offer-for-sale from existing shareholders, aggregating to […]
After two days of decline, all ten of the listed Adani Group stocks traded in the green on Wednesday. Adani Enterprises shares increased by 5.46 per cent, Adani Power by 4.98 per cent, Adani Ports by 4.70 per cent, Adani Wilmar by 4.22 per cent, and Adani Green Energy by 4.15 per cent on the […]
The first of what is anticipated to be 7,000 job cuts have already started at Walt Disney Co., marking the start of the company’s $5.5 billion savings drive that was first announced in February. The first group of employees will be notified over the next four days, Chief Executive Officer Bob Iger said in a […]
The Vinay Maloo entrepreneur has an optimistic view of the global market and is confident that things will improve. As the world economy is about to change due to globalization. Many entrepreneurs and business leaders are looking at the future optimistically. Most Successful Entrepreneurs 2023: One of these few is Vinay Maloo , a successful […]
Last month, India’s top drug regulator issued show-cause notices to at least 20 online pharmacies, including major players such as Tata 1mg, Apollo 24/7, Reliance Netmeds, PharmEasy, Amazon, and Flipkart Health, over concerns about data privacy and violations of the Drugs and Cosmetics Act, 1940. In recent months, the chemists’ lobby has stepped up its […]
The first Big Tech company to announce a second round of massive layoffs, Facebook-parent Meta Platforms announced on Tuesday that it would eliminate 10,000 jobs, just four months after it let go 11,000 employees. “We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we […]
Due to a significant sell-off in banking, finance, and auto stocks amid one of the largest US bank failures, the equity benchmark Sensex plummeted about 900 points to close below the 59,000 level on Monday, dropping for the third straight session. A weak home currency and unrelenting capital flight outside amid concerns about rate hikes […]
Sebi, the market regulator, is investigating into market charges against Adani Group, whose nine publicly traded firms experienced a market capitalization decrease of 60% between January 24 and March 1, according to information provided to Parliament on Monday. Pankaj Chaudhary, a Minister of State for Finance, stated in the Lok Sabha that the stock volatility […]
A media publication reported on Friday, citing people familiar with the situation, that Facebook-parent Meta Platforms is preparing additional layoffs to be revealed in several phases over the coming months, which might match the 13 per cent employment loss total from last year. Meta was the first Big Tech company to announce a second round […]
On International Women’s Day this year, Nita M Ambani, Founder-Chairperson of Reliance Foundation, launched “The Her Circle EveryBODY Project” to celebrate body positivity and encourage acceptance of all, irrespective of size, age, colour, religion, neurodiversity, or physicality. The movement aims to create a circle of kindness and non-judgemental acceptance. Her Circle was founded and launched […]
Shares of Gautam Adani’s flagship entity, Adani Enterprises, have rallied 43.28 17 per cent in the last five days amid positive news flows about the company. In three trading sessions, the combined market valuation of the ten listed companies have jumped more than ₹1.42 lakh crore. Adani Enterprises jumped nearly 17 per cent to settle […]
Supreme Court bench led by Chief Justice of India D.Y. Chandrachud has directed SEBI to probe alleged violations of the securities act. It may be recalled that the court had earlier reserved its order on February 17 while hearing public interest litigations (PILs) seeking a probe relating to Hindenburg report on the Adani Group. The […]
Elon Musk, CEO of Tesla and Twitter, once again rose to the top of the Billionaires Index on February 28, after seeing his worth increase by over $50 billion so far in 2023. He overtook French tycoon Bernard Arnault, who is currently ranked second on the list with $185 billion in total worth. On Tuesday, […]
