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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…

Tata 1mg & Vitonnix UK enter exclusive partnership in India

Tata 1mg & Vitonnix UK enter exclusive partnership in India

09-01-2024  comments

New Delhi (IANS) Tata 1mg, India's trusted digital healthcare platform, has joined forces with Vitonnix UK, a leading name in health and wellness innovation, to bring forth a first-of-its-kind offering in India.

Jointly, they recently introduced…

Uber India made Rs 679 cr from rides in FY23, losses up over 57%

Uber India made Rs 679 cr from rides in FY23, losses up over 57%

09-01-2024  comments

New Delhi (IANS) Ride-hailing major Uber’s losses went up more than 57 per cent in India to Rs 311 crore in the fiscal year (FY) 2023 from Rs 197 crore in FY22.

Uber India registered a 54.4 per cent increase in its revenue at Rs 2,600 crore…

Wings India to be held at Hyderabad’s Begumpet Airport from Jan 18

Wings India to be held at Hyderabad’s Begumpet Airport from Jan 18

09-01-2024  comments

Hyderabad (IANS) India’s biggest civil aviation event, Wings India 2024, will be held at the Begumpet Airport here from January 18 to 21.

The four-day biennial event is being organised jointly by the Ministry of Civil Aviation (MOCA) and Federation…

Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

08-01-2024  comments

New Delhi (IANS) Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22, a more than 3.5 times growth.

Incred’s revenue surged 77.46 per cent…

Maldives row: MakeMyTrip claims 3,400% jump in searches for Lakshadweep, launches 'Beaches of India' campaign

Maldives row: MakeMyTrip claims 3,400% jump in searches for Lakshadweep, launches 'Beaches of India' campaign

08-01-2024  comments

New Delhi (IANS) Online travel company MakeMyTrip on Monday announced the launch of a 'Beaches of India' campaign after seeing more than a 3,400 per cent jump in searches related to Lakshadweep since Prime Minister Narendra Modi visited the…

Sony planning to call off the merger pact with Zee

Sony planning to call off the merger pact with Zee

08-01-2024  comments

New Delhi (IANS) Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the matter, as per…

Rs 10 lakh cr taking mutual funds AUM from Rs 40 lakh cr to Rs 50 lakh cr amassed in just over a year

Rs 10 lakh cr taking mutual funds AUM from Rs 40 lakh cr to Rs 50 lakh cr amassed in just over a year

08-01-2024  comments

New Delhi (IANS) In a significant testimony to the robust growth and resilience of the Indian mutual fund industry, the Association of Mutual Funds in India (AMFI) announced surpassing Rs 50 lakh crore of assets undermManagement (AUM), a remarkable…

Qualcomm to open new design centre in India, to generate 1,600 jobs

Qualcomm to open new design centre in India, to generate 1,600 jobs

07-01-2024  comments

New Delhi (IANS) Chip-maker Qualcomm on Sunday announced a significant expansion in Chennai with a new facility for their design centre, allocating a proposed investment of Rs 177.27 crore, that is likely to generate 1,600 jobs.

The Qualcomm…

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