Business and financial news
TA Associates, a global private equity firm, on Tuesday announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations.
Mumbai: Tata Group’s hospitality arm Indian Hotels Company Ltd (IHCL) has allocated capex of Rs 5,000 crore to increase its properties to over 700 by 2030, news agency PTI reported.
The Indian Army successfully conducted the Multilateral Annual Joint Humanitarian Assistance and Disaster Relief (HADR) Exercise, 'Sanyukt Vimochan 2024' at Ahmedabad and Porbandar on November 18-19.
TA Associates, a global private equity firm, on Tuesday announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations.
New Delhi/IBNS: Indian aviation on Sunday (Nov. 17) achieved a historic milestone, surpassing 5 lakh domestic passengers in a single day for the first time.
Bengaluru/IBNS: Amazon India plans to shift its Bengaluru headquarters from the World Trade Centre (WTC) to a new office near the city’s airport, as reported by LiveMint.
Chennai/IBNS: Apple supplier Foxconn has instructed its recruitment agencies in India to eliminate references to age, gender, marital status, and the company name in job advertisements, Reuters reported, citing its sources.
San Francisco/IBNS: Daksh Gupta, Indian-origin CEO of the San Francisco-based artificial intelligence (AI) startup Greptile, recently ignited a fierce online debate after candidly sharing details about his company's intense work environment.
India is set to become a major focus for high-street fashion brands as international players increasingly turn to Asian growth markets like India for manufacturing, ANI reported, citing McKinsey & Company’s latest study.
Retail tomato prices fell by 22.4% month-on-month in November, driven by improved supplies across the country, the Consumer Affairs Ministry said on Sunday.
India's Tata Electronics has entered into an agreement to acquire a majority stake in Taiwanese contract manufacturer Pegatron's sole iPhone plant in India, establishing a joint venture aimed at bolstering Tata's role as an Apple supplier, Reuters reported, citing sources.
Mumbai: India's goal of becoming a $7-trillion economy by 2030 is achievable under the "strong" leadership of Prime Minister Narendra Modi, according to Chairman and CEO of JP Morgan Jamie Dimon.
New Delhi: Billionaire Mukesh Ambani's Reliance has urged India’s telecom regulator TRAI to reassess the potential impact of Elon Musk's Starlink and Amazon's Kuiper before allocating satellite spectrum, citing concerns over local players being disadvantaged, Reuters reported.
Bengaluru: Drone technology startup Airbound has garnered Rs 1.7 million in seed round funding to implement its research and development plans focussing on medical deliveries, such as transporting blood samples from health centers to testing labs, media reports said.
New Delhi: Quick commerce startup Zepto is set to raise $300 million from domestic investors, doubling its initial target, The Economic Times reported, citing sources.
Mumbai: Samsung Electronics revealed plans to buy back shares worth 10 trillion won ($7.17 billion) over the next year to bolster shareholder value, Reuters reported citing a regulatory filing submitted after markets closed on Friday.
New Delhi: India’s foreign exchange reserves declined by $6.477 billion to $675.653 billion for the week ending November 8, according to RBI data released on Friday.
New Delhi: The Indian economy is currently in a favourable position, combining strong growth with moderating inflation, according to Moody's Ratings, which forecasts GDP growth of 7.2% for calendar year 2024 and 6.6% for 2025.
Bengaluru: Low-cost mobility platform Rapido on Thursday reported a 2.5x increase in Gross Order Value (GOV), reaching Rs 2,461 crores in Q2FY25, up from Rs 977 crores in Q2FY24.
Mumbai/IBNS: The State Bank of India (SBI) is set to raise up to $1.25 billion through a dollar-denominated loan, marking the largest such borrowing by the country’s financial sector this year, Bloomberg reported, citing sources familiar with the matter.
Mumbai/IBNS: India's merchandise exports surged 17.23 percent year-on-year (YoY) in October, reaching $39.2 billion, the fastest growth in 28 months, fueled by strong demand in key markets ahead of the Christmas season.
Seoul/IBNS: Hyundai Motor Group has appointed Jose Munoz as its Chief Executive Officer, marking the first time a foreign national will lead the South Korean automaker.
Turkmenistan presents India with an opportunity to boost energy security, strengthen regional ties, and deepen its strategic influence in Central Asia.
Bengaluru: Low-cost mobility platform Rapido on Thursday reported a 2.5x increase in Gross Order Value (GOV), reaching Rs 2,461 crores in Q2FY25, up from Rs 977 crores in Q2FY24.
Mumbai: Reliance Industries Limited (RIL), Viacom18 Media Private Limited, and The Walt Disney Company announced on Thursday the official completion of their merger, which combines Viacom18’s media and JioCinema businesses with Star India Private Limited (SIPL), media reports said.
Mumbai: Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported a 14% YoY increase in net profit, reaching Rs 1,204 crore in Q2 FY25, driven by higher sales volumes, media reports said.
Mumbai: Blackstone has abandoned plans to acquire a majority stake in India’s Haldiram's snacks business and is now negotiating for a 20% stake at a valuation of $8 billion, which remains a point of contention, Reuters reported on Thursday.
Kolkata/IBNS: At least 31 women entrepreneurs from the north-eastern states of Tripura and Mizoram with nano enterprises participated in a two-day bootcamp in Kolkata's American Center to learn about entrepreneurship skills and discuss next steps for building small businesses.
Boeing Co. will begin issuing layoff notices on Wednesday to employees impacted by its latest round of job cuts, a move that reflects the company's effort to boost efficiency while striving to retain a skilled workforce critical for future growth, Bloomberg reported.
Mumbai/IBNS: Foreign portfolio investors (FPIs) continued their withdrawal from the Indian stock market on Wednesday, marking the 33rd consecutive day of outflows.
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