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Business
Telangana CM congratulates Foxconn Chairman for Padma award
31 Jan 2024 11:47 AM IST
Hyderabad, Jan 30:Telangana Chief Minister A. Revanth Reddy has congratulated Young Liu, Chief Executive Officer and Chairman, Hon Hai Technology Group (Foxconn) on being bestowed with the Padma Bhushan. In a letter to Young Liu, the Chief Minister extended heartiest congratulations on behalf of...
Business
Nuziveedu Seeds completes 50 years, focuses on R&D
31 Jan 2024 11:46 AM IST
Hyderabad, Jan 30: Nuziveedu Seeds Limited (NSL), a major in the Indian seed industry which has completed 50 years, is investing 20 per cent of the profits in research and development towards agro climatic and macro climatic zones. With sustained annual revenue growth of 20 per cent, it is also...
Business
New road projects will make MP industrial & agricultural hub: Gadkari
31 Jan 2024 11:45 AM IST
Bhopal, Jan 30:Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday laid the foundation for 15 National Highway road projects measuring 499 km and worth Rs 8,038 crore for Madhya Pradesh. Addressing the gathering at Lal Parade Ground in Bhopal, Gadkari said the road projects...
Business
Uttar Pradesh launches Caravan Tourism
31 Jan 2024 11:44 AM IST
Lucknow, Jan 31: The Uttar Pradesh’s Tourism Department, in partnership with Motohom, has launched Caravan Tourism in the state, signalling a significant move to enhance travel experiences focused on families. The initiative aims to address accommodation challenges in regions where proper...
Business
Zooom airline returns to Indian skies, launches services to Ayodhya
31 Jan 2024 11:43 AM IST
New Delhi, Jan 31: Reviving its operations, the domestic carrier Zooom airline started its operations with flight services from Delhi to Ayodhya on Wednesday. The airline deployed its fleet of Bombardier CRJ200ER aircraft for services on the Delhi-Ayodhya route, which has already emerged as one...
Business
iRobot to lay off 350 employees after Amazon terminates acquisition deal
30 Jan 2024 1:08 PM IST
San Francisco, Jan 30: iRobot, which makes consumer robots, has announced to lay off around 350 employees -- about 31 per cent of its workforce -- and its founder and CEO, Colin Angle, would also step down. The layoffs came after the Amazon-iRobot $1.7 billion deal was mutually terminated over...
Business
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
30 Jan 2024 1:08 PM IST
New Delhi, Jan 30: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy. In the report titled, ‘The Indian Economy: A Review January 2024’, the Department of Economic Affairs said that the 1.14 lakh...
Business
Bajaj Finance shares slump more than 4 per cent after quarterly results
30 Jan 2024 1:06 PM IST
New Delhi, Jan 30: Bajaj Finance shares slumped more than 4 per cent on Tuesday on elevated credit costs from B2C businesses and NIM contraction. Bajaj Finance shares are trading at Rs 6855, down 4.63 per cent on BSE. The stock is the top loser in the BSE Sensex. Motilal Oswal Financial...
Business
Mumbai pre-polls 'shock' - Tata Power proposes 201% tariff hike for low-end...
30 Jan 2024 1:06 PM IST
Mumbai, Jan 30: In a bolt from the blue ahead of the elections, Tata Power Co. Ltd. has proposed a huge increase in the power rates for Mumbaikars, particularly the lower-end users as part of a tariff rationalisation initiative. The average hike proposed is 12 per cent across all consumer groups...
Business
Check Point unveils new partner programme in new cyber landscape
30 Jan 2024 1:05 PM IST
New Delhi, Jan 30:Cyber security platform provider Check Point Software Technologies on Tuesday launched its innovative new partner programme in the new cyber landscape. With a partner-dedicated business model, the company said that its new partner programme strengthens Check Point's commitment...
Business
Freight through Suez Canal almost halved after Houthi attacks
29 Jan 2024 12:45 PM IST
London, Jan 28: Freight travelling through the Suez Canal has almost halved since Yemen's Houthi rebels began attacking cargo ships in the Red Sea, Sky News reported. The key shipping lane links producers in the Asia-Pacific region and Western markets -- and longer, alternative routes have caused...
Business
Piramal Enterprises to sell entire stake in Shriram Investment for Rs 1,440...
29 Jan 2024 12:44 PM IST
New Delhi, Jan 28: Piramal Enterprises has entered into share purchase agreement to sell its entire direct investment of 20 per cent of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited (formerly known as Shriram Investment Holdings Limited) (SIHPL) to...
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