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Zomato
Business

Zomato's Blinkit turns adjusted EBITDA positive, aims 1,000 stores in FY25

New Delhi, May 13: Zomato on Monday said that its quick commerce business Blinkit turned adjusted EBITDA positive in March, as the online food delivery platform clocked Rs 194 crore in adjusted EBITDA for the January-March quarter of FY24. The consolidated adjusted EBITDA improved by Rs 369 crore...
Apple deepening its India ecosystem with building network of local vendors: Union Minister
Business

Apple deepening its India ecosystem with building network of local vendors:...

New Delhi, May 13: Union Minister and BJP candidate from Thiruvananthapuram, Rajeev Chandrasekhar, on Monday, said that with the production linked incentive (PLI) scheme now well in place, global tech giants like Apple are deepening their ecosystems by building a network of local vendors, thus...
Picking China over India will rob Musk: Entrepreneur Vivek Wadhwa
Business

Picking China over India will rob Musk: Entrepreneur Vivek Wadhwa

New Delhi, May 13: Indian-American academic, entrepreneur and author Vivek Wadhwa on Monday said that he had warned the Tesla and SpaceX CEO Elon Musk not to pick China as they would "rob him blind" and instead asked him to consider moving manufacturing to India. Quoting the Director of Centre...
In April, India saw robust deal making activity led by Adani Group
Business

In April, India saw robust deal making activity led by Adani Group

New Delhi, May 13: India Inc saw robust deal making activity in April, with three major domestic consolidations by the Adani Group valued at $2 billion, representing 38 percent of the total deal values, a new report showed on Monday. The month saw 191 deals worth $9.4 billion, a 21 per cent...
Double-digit growth propels India
Business

Double-digit growth propels India's technical textiles industry to world's 5th...

New Delhi, May 9: India's technical textiles market has a huge potential as it is clocking a double digit growth of 10 percent and has become the fifth largest in the world, Rachna Shah, Secretary of Ministry of Textiles, said on Thursday. She said this while addressing a national Symposium on...
BPCL declares 1:1 bonus share issue, Q4 profit declines 30 percent
Business

BPCL declares 1:1 bonus share issue, Q4 profit declines 30 percent

New Delhi, May 9: Bharat Petroleum Corporation Limited (BPCL) on Thursday reported a 30 percent decline in consolidated net profit of Rs 4,789.57 crore for the January-March quarter financial year 2023-24 compared to the corresponding figure of Rs 6,870.47 crore in the same period last year. ...
Homegrown GenAI platform Hanooman now live in 98 languages
Business

Homegrown GenAI platform Hanooman now live in 98 languages

New Delhi, May 10: Abu Dhabi based AI investment firm 3AI Holding Limited and SML India on Friday launched the generative artificial intelligence (GenAI) platform Hanooman in 98 global languages, including 12 Indian languages. Developed by SML and 3AI Holding under joint collaboration,...
Finance Ministry hosts workshop on best AI practices for bank chiefs
Business

Finance Ministry hosts workshop on best AI practices for bank chiefs

New Delhi, May 9: The Finance Ministry on Thursday held a workshop for CEOs and MDs of 12 public sector banks and other financial institutions to provide them with insights into the best practices for AI adoption and risk mitigation in the banking sector. Vivek Joshi, Secretary, Department of...
Audi launches two new cars under its Bold Edition in India
Business

Audi launches two new cars under its Bold Edition in India

New Delhi, May 10: German luxury car manufacturer Audi on Friday launched two new cars under its Bold Edition Q3 and Q3 Sportback, in India. The Audi Q3 comes at a price of Rs 54,65,000 (ex-showroom) in five colours, Glacier White, Nano Grey, Mythos Black Navarra Blue & Pulse Orange, while...
Officials from 26 states attend meet to formulate Mining Index
Business

Officials from 26 states attend meet to formulate Mining Index

New Delhi, May 8: Officials from as many as 26 states participated in a meeting here on Wednesday to formulate a State Mining Index which will serve as a tool for stakeholders of the mining sector to understand various aspects related to the Ease of Doing Mining Business within a state. In the...
RBI lifts ban on Bank of Baroda
Business

RBI lifts ban on Bank of Baroda's BoB World

Mumbai, May 8: Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app. The bank has stated in an exchange filing that the RBI has lifted the restriction with immediate effect. The development comes...
US automotive firm BorgWarner launches R&D centre in South Korea
Business

US automotive firm BorgWarner launches R&D centre in South Korea

Seoul, May 9: US automotive company BorgWarner has opened a research and development centre in South Korea, which is expected to help stabilise the supply chain in the sector, the industry ministry said on Thursday. The new centre, located in Daegu, 237 kms south of Seoul, will focus on...
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