Ratan Tata, who became chairman of the $100 billion steel-to-software conglomerate in 1991 and led the group founded by his great-grandfather until 2012, has passed away at the age of 86. Earlier this week, the industrialist addressed rumors about his health, stating on social media that he was undergoing routine medical checks due to his […]
Sahara small depositors get some relief as govt raises refund limit to ₹50,000 from ₹10,000. Details here
So far, the government has released ₹370 crore to 4.29 lakh depositors of Sahara Group of Cooperative Societies through the CRCS-Sahara refund portal. The central government has increased the refund amount limit for small depositors of Sahara Group Cooperative Societies to ₹50,000 from ₹10,000, PTI reported on Wednesday, citing a senior cooperation ministry official. “With an increase […]
Paytm Shares Surge on Two Positive Developments; Stock Rises 25% in a Month
Paytm, one of India’s leading digital payment platforms, has seen a significant rise in its share price, thanks to two recent positive developments. Over the past month, the company’s stock has surged by 25%, reflecting growing investor confidence and favorable market conditions. Key Developments Driving the Surge 1. Strategic Partnerships: Paytm recently announced two major […]
Amul Increases Fresh Milk Price by Rs 2 per Litre Due to Rising Production Costs
Amul, India’s leading dairy brand, has announced an increase in the price of its fresh milk by Rs 2 per litre. This price hike is attributed to rising production costs, impacting both consumers and the dairy industry. Why the Price Hike? The primary reason for this price adjustment is the escalating costs associated with milk […]
HCLTech Partners with Arm to Develop Custom Silicon Chips for AI
In a significant move within the tech industry, HCLTech has announced a strategic collaboration with Arm to design and develop custom silicon chips tailored for artificial intelligence (AI) applications. This partnership marks a notable advancement in HCLTech’s ongoing efforts to enhance its technological capabilities and deliver cutting-edge solutions in the rapidly evolving AI landscape. Expanding […]
D-Mart’s Q2 net profit fell 9% to Rs 623.35 crore, while sales grew 18.7% to Rs 12,624 crore.
Avenue Supermarts Ltd, the operator of D-Mart stores, has announced its financial results for the second quarter, revealing a mixed performance. The company’s net profit has declined by 9% to Rs 623.35 crore, while its sales have shown a robust growth of 18.7%, reaching Rs 12,624 crore. Key Highlights 1. Net Profit Decline: D-Mart reported […]
Snapdeal Nearing Profitability with Focus on Bharat
Snapdeal, one of India’s leading e-commerce platforms, has announced that it is on the verge of achieving profitability, driven by its strategic focus on the Bharat market. This significant milestone comes as a result of the company’s tailored approach to serve the unique needs and preferences of the Indian heartland, known colloquially as Bharat. Understanding […]
Flipkart to Develop Chat-Based Homepage: CPTO
In an exciting development for the e-commerce sector, Flipkart has announced plans to introduce a chat-based homepage, according to the company’s Chief Product and Technology Officer (CPTO). This innovative approach aims to enhance user experience by integrating interactive chat functionalities directly into the homepage, revolutionizing the way customers interact with the platform. Transforming E-Commerce Interaction […]
Bernstein: Torrent’s Portfolio Complements Cipla’s
In a recent analysis, global investment research firm Bernstein highlighted the complementary nature of Torrent Pharmaceuticals’ portfolio with that of Cipla. This assessment underscores the potential for synergies between the two companies, which could have significant implications for the pharmaceutical industry. Overview of Torrent and Cipla Torrent Pharmaceuticals: Torrent Pharmaceuticals, a leading player in the […]
Jio Fiber Launches New Broadband Backup Plan
Reliance Jio has unveiled a new Broadband Backup Plan under its Jio Fiber service, aimed at providing seamless internet connectivity for users even during network disruptions. This latest offering is designed to ensure that subscribers have continuous internet access, addressing the increasing demand for reliable and uninterrupted online services. Key Features of the Broadband Backup […]