CATEGORIES

Daimler India sees 25% rise in sales in 2022

WITNESSING ITS BEST-EVER performance in the last decade, Daimler India Commercial Vehicles (DICV), the wholly owned subsidiary of Daimler Truck, reported a revenue growth of 37% and a sales growth of 25% in CY 2022 over the previous calendar year.

Jio to take big lead over peers in home broadband: Analysts

RELIANCE JIO'S APPROACH combining fibre and 5G fixed wireless access (FWA) solutions to tap the home broadband market in India is expected to give the company a strong lead over its competitors, according to analysts.

Adani Ports floats tender to buy back $130-mn bonds

ADANI PORTS AND Special Economic Zone (APSEZ) has launched a tender offer for bonds worth $130 million, which the company will use to partly pre-pay near-term debt maturities.

India adds fizz to Coca-Cola's March quarter performance

COUNTRY'S ECONOMY RESILIENT, SAYS GLOBAL CHIEF

GST evasion by offshore betting apps detected

TAX OFFICERS HAVE detected violation of GST law by offshore entities offering online betting and gambling platforms to Indian residents through mobile apps and are working on ways to tackle such mode of tax evasion, a source said.

Youth power driving force of development, says PM

PRIME MINISTER NARENDRA Modi on Monday said youth power was the driving force of India's development journey as youngsters were instrumental in transforming the country into one of the fastest growing economies in the world.

MSP wheat lifting rises 12% at 11 MT

GOVERNMENT'S THE WHEAT procurement rose from 12% to 11 million tonne so far in the ongoing 2023-24 marketing year (April-March), 99,00,000 tonne in the year-ago period, according to the food ministry data.

INTER-STATE TRADE PICKING UP: Agri trade on e-platform up a third to ₹75,000 cr in FY23

Turnover on e-NAM expected to cross ₹1 trillion this fiscal

Not stopped from buying Russian oil above $60: Govt

Some banks hesitant in settling oil purchase from Russia

Consumer deals on a slow track in 2023

INVESTMENT ACTIVITY SEEN PICKING UP AMID RURAL RECOVERY

Vedanta parent cuts debt by $1 bn

LONDON-HEADQUARTERED VEDANTA RESOURCES (VRL), the parent company of mining major Vedanta, has reduced its gross debt by another $1 billion. The company said it has paid all its maturing loans and bonds that were due in April.

Boeing shocker for Air India, Akasa

US major faces production-related issues with 737 Max

Notices to ICICI Pru, Bajaj Allianz in wider ₹5,000-crore tax probe

Investigation spanning 16 insurers for tax evasion since 2017

FORAY INTO AUTOMOTIVE SEGMENT: JSW in talks to pick stake in MG, BYD India

Deal likely for 15-20% stake at $2 bn valuation

Summer Vacation Heats Up Demand For Air Travel

AIRLINES AND TOUR operators are set to make the most of the surge in demand for travel during summer period as agencies report a 25-30% jump in airfares in the April to June quarter.

SVB Sees Outflows Even After Its Takeover: Report

THE NEW OWNER of Silicon Valley Bank, which collapsed after a bank run in March and set off fears of broader contagion in the global financial sector, said customers are still withdrawing deposits, the Financial Times reported.

Tatas top the pecking order in shareholder numbers

TATA GROUP, WITH 29 listed companies, topped the list of business conglomerates in terms of number of shareholders, with a base of nearly 20 million as of March-end. Reliance Anil Dhirubhai Ambani (R-ADAG) group captured the second spot with 7.37 million shareholders.

No irregularity on my part, says Zilingo's Bose

SINGAPORE-BASED FASHION TECH startup Zilingo's cofounder and former CEO Ankiti Bose has termed a magazine article by investor Mahesh Murthy as \"fiction\".

Govt's evacuation plan: 2 IAF planes in Jeddah, Navy ship in Port Sudan

THE GOVERNMENT HAS moved two Indian Air Force (IAF) planes and a Navy ship to evacuate stranded Indians in Sudan, as the situation remained volatile in the African country with reports of fierce fighting at various locations in its capital, Khartoum.

Akshaya Tritiya gold sales low on lustre

Rising prices of precious metal lead to dip in volumes

LTTS plans shift to its own office space

L&T TECHNOLOGY SERVICES (LTTS) plans to shift its office from Manyata Tech park to its own upcoming office space, L&T Tech Park, which is adjacent to L&T's upcoming residential project L&T Raintree Boulevard.

Wipro to consider buyback

AMIDST SEVERE PRESSURE Amidst severe pressure on IT stocks, IT major Wipro said on Sunday it will consider a proposal to buy back equity shares at its board meeting to be held over April 26-27.

Cyient to focus on India: CEO

EXPANSION TO TAKE PLACE IN 3-4 YEARS

Fox's settlement with Dominion unlikely to cost it $787.5 million

FOX CORP'S HEFTY $787.5 million settlement with Dominion Voting Systems over defamation charges is eyepopping, but the ultimate cost to the media company is likely to be much lower.

Foreign countries rush to evacuate from Sudan

US & UK pull out diplomats; locals try to flee Khartoum

Lenovo tech support for millet farmers

Project in Kerala aims to make cultivation more profitable & sustainable

India's only sub-3 metre car to be launched in May

It's time for micromobility to gather pace: MG Motor India

Choose passive over active

Passive large-cap funds can work well even when markets are volatile

FIls turn net buyers in first fortnight

Financials top the list, IT & auto sectors also find space in the cart

BMW India's Q4 volume worst in five quarters

STRUGGLING TO MEET DEMAND ON SUPPLY CONSTRAINTS