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Cloud software major SAP
Business

Cloud software major SAP's restructuring plan to affect 8,000 jobs

New Delhi, Jan 25: Cloud software major SAP has announced a company-wide restructuring programme in 2024 that will affect approximately 8,000 positions. The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programmes and internal re-skilling...
Freshworks entered a red ocean market by choice: CEO Girish Mathrubootham
Business

Freshworks entered a red ocean market by choice: CEO Girish Mathrubootham

New Delhi, Jan 25: Despite the funding winter induced by tightening global monetary environment, Indian startups saw $8.4 billion of capital pour into them in 2023. Over the last couple of years, Indian startups have embraced the new normal of having to improve unit economics, shorten their path to...
Lava International’s subsidiary Sojo gets approval for PLI in IT hardware
Business

Lava International’s subsidiary Sojo gets approval for PLI in IT hardware

New Delhi, Jan 24: Sojo Manufacturing Services (AP) Pvt Ltd, a subsidiary of homegrown company Lava International, on Wednesday said its application for the production-linked incentive (PLI) scheme for IT hardware has been approved by the government. Sojo aims to manufacture consumer electronic...
Mumbai Airport notches 35% growth in passenger traffic in 2023
Business

Mumbai Airport notches 35% growth in passenger traffic in 2023

Mumbai, Jan 23: Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) recorded a steep 35 percent growth in passenger traffic in 2023 over the previous year, officials said here on Tuesday. Last year, the CSMIA notched a total of 51.58 million passengers, comprising more than 25.4...
India
Business

India's direct tax collections leap 160% over 9 years

New Delhi, Jan 23: The country’s net direct tax collections have increased by 160.52 per cent from Rs 6,38,596 crore in 2013-14 to Rs 16,63,686 crore in 2022-23, according to consolidated time-series data released by the Central Board of Direct Taxes (CBDT) on Tuesday. The gross direct tax...
India’s ACME Group inks pact to supply green ammonia to Japan’s IHI Corporation
Business

India’s ACME Group inks pact to supply green ammonia to Japan’s IHI Corporation

New Delhi, Jan 23: ACME Group, a leading renewable energy company in India, and IHI Corporation, a Japanese integrated heavy industry group, have signed an offtake term sheet for supply of green ammonia from India to Japan. The term sheet between IHI and Acme covers the supply of 0.4 MMTPA...
CAR embodies NEP
Business

CAR embodies NEP's vision across 2764 schools

New Delhi, Jan 23: Classmate, India’s leading notebook brand, on Tuesday organised the annual Classmate All Rounder (CAR) National Grand Finale in Delhi. Bringing alive the government’s New Education Policy (NEP) 2020, Classmate All Rounder was conceived and designed as a multi-skill inter-school...
AI launches maiden flight with Airbus A350-900 from Mumbai to Chennai (Ld)
Business

AI launches maiden flight with Airbus A350-900 from Mumbai to Chennai (Ld)

Mumbai, Jan 22: Air India operated its maiden flight with the most advanced and the country’s first Airbus A350-900 with the carriers’ new livery on the Mumbai-Chennai sector, here on Monday, said an official. The flight AI-589 took off with a full-capacity load of passengers who experienced the...
India, Cuba ink MoU on digital public infrastructure
Business

India, Cuba ink MoU on digital public infrastructure

New Delhi, Jan 20: India and Cuba have signed an MoU for cooperation in the field of sharing successful digital solutions implemented at population scale for digital transformation. The MoU was signed between India’s Ministry of Electronics and Information Technology (MeitY) and the Ministry of...
UltraTech Cement logs Rs 1,777 cr Q3 PAT
Business

UltraTech Cement logs Rs 1,777 cr Q3 PAT

Chennai, Jan 19: Aditya Birla Group’s UltraTech Cement Limited on Friday said it closed the third quarter of FY24 with a consolidated net sales of Rs16,487 crore as against Rs 15,299 crore over the corresponding period of the previous year. Profit after tax was Rs 1,777 crore highest ever...
Infogain appoints Dinesh Venugopal as new CEO
Business

Infogain appoints Dinesh Venugopal as new CEO

New Delhi, Jan 23: Infogain, a Silicon Valley-headquartered leader in human-centred digital platforms and software engineering services, on Tuesday announced the appointment of Dinesh Venugopal as its Chief Executive Officer (CEO), effective February 8. Venugopal will take over from Ayan Mukerji,...
Govt hikes import duty on gold and silver coins, jewellery findings
Business

Govt hikes import duty on gold and silver coins, jewellery findings

New Delhi, Jan 23: The government has raised the import duty on gold and silver findings as well as coins of precious metals to 15 per cent, from 10 per cent at present, with effect from January 22. Findings are items like hooks and clips which are components used for making jewellery. The step...
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