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Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

14-01-2024  comments

New Delhi (IANS) Bike-taxi startup Rapido saw its losses surge nearly 54 per cent in the last fiscal year (FY23) to Rs 675 crore, from Rs 439 crore in FY22.

An increase in riders’ cost, IT and employee benefits were behind Rapido’s surging…

BHEL bags Rs 15,000 cr EPC contract from NLC India for Odisha project

BHEL bags Rs 15,000 cr EPC contract from NLC India for Odisha project

13-01-2024  comments

Chennai (IANS) Integrated lignite and coal mining and power generation company NLC India Ltd has awarded over Rs 15,000 crore engineering, procurement and construction (EPC) contract to Bharat Heavy Electricals Ltd (BHEL) for 2,400 MW pit head green…

Xiaomi crosses Rs 1,000-cr sales for Redmi Note 13 5G series in India

Xiaomi crosses Rs 1,000-cr sales for Redmi Note 13 5G series in India

13-01-2024  comments

New Delhi (IANS) Global technology brand Xiaomi India has said that its latest Redmi Note 13 series clocked a revenue of Rs 1,000 crore since going on sale on January 10.

The latest series surpassed Redmi Note 12 5G series revenue by 95 per…

Infosys surges 7% to power Sensex gains of more than 600 points

Infosys surges 7% to power Sensex gains of more than 600 points

12-01-2024  comments

New Delhi (IANS) Infosys shares jumped by 7 per cent on Friday propelling Sensex gains of more than 600 points.

Infosys shares surged after its results with the major IT companies also moving up.

Tech Mahindra is up more than 4 per cent,…

Markets at new highs in massive rally driven by IT heavyweights

Markets at new highs in massive rally driven by IT heavyweights

12-01-2024  comments

New Delhi (IANS) Indian markets soared to new heights in a powerful rally, driven by IT heavyweights, says Vinod Nair, Head of Research, Geojit Financial Services.

Green shoots of recovery in the IT sector on the back of an improved outlook…

HDFC Bank led market capitalization gains among major Indian banks in Q4

HDFC Bank led market capitalization gains among major Indian banks in Q4

11-01-2024  comments

New Delhi (IANS) HDFC Bank led market capitalization gains among major Indian banks in the quarter ended December 31, 2023, according to S&P Global Market Intelligence data.

HDFC Bank's market cap increased 12.1 per cent to $155.91 billion,…

Caution advised on mid & small cap stocks in the near term

Caution advised on mid & small cap stocks in the near term

11-01-2024  comments

New Delhi (IANS) Mid-and-small caps have seen a strong rally in the year gone by that has pushed the valuations above historical average thereby warranting caution in the near-term, Aditya Birla Sun Life AMC said in a report.

The fund house…

Rupee edges up against US dollar

Rupee edges up against US dollar

11-01-2024  comments

Mumbai (IANS) The rupee edged up by 2 paise vis-a-vis the US dollar to close at 83.01 on Thursday, making it the seventh consecutive day of gain for the Indian currency.

Lower crude oil prices in the global market and sustained buying of equity…

Defence, Railways stocks have run up too much too fast, say analysts

Defence, Railways stocks have run up too much too fast, say analysts

10-01-2024  comments

New Delhi (IANS) The market is moving up and down without a directional trend. Up moves are countered with selling and down moves are responding by buying. A trend might emerge in the coming days in response to Q3 results, says V.K. Vijayakumar, Chief…

India needs to lower tariffs on smartphone components to pip China, Vietnam: ICEA

India needs to lower tariffs on smartphone components to pip China, Vietnam: ICEA

10-01-2024  comments

New Delhi (IANS) High tariffs on smartphone components can make India a less competitive destination, making it difficult for companies to join global value chains (GVCs) and simultaneously discourage GVCs from shifting large-scale production to the…

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