Sony planning to call off the merger pact with Zee

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…

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

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…

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

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…

Market's trend yet undecided, IT results could be a game changer

New Delhi (IANS) The first week of calendar year 2024 was a tough one for the markets with the undecided which way to go. Markets gained on three of the five sessions and lost on two.

After an eventful week where bulls and bears both tried…

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

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…

Vietnam's VinFast, TN govt join hands to set up $2 bn EV facility in India

New Delhi/Chennai (IANS) Vietnam’s leading electric vehicle (EV) manufacturer VinFast and the Tamil Nadu state government on Saturday announced a partnership to build a $2 billion EV facility in the country, with an intended commitment of $500 million…

Adani Electricity notched high-powered show in 2023; energises for 2024

Mumbai (IANS) The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday.

AEML supplies nearly 2000 MW power daily to over three…

At 6.2% growth rate projection for 2024, Indian economy outperformed peers: UN economist

United Nations (IANS) With a projected growth rate of 6.2 per cent for 2024, the "Indian economy outperformed its peers" in a global economy which is expected to expand by only 2.4 per cent, according to the UN official monitoring the world economy.

Gold prices likely to move towards a new high of Rs 70,000

New Delhi (IANS) Gold prices are likely to move towards a new high of Rs 70,000, as per a report by ICICI Direct, while silver, remaining supported amid rising industrial demand, may edge higher towards Rs 85,000.

Gold prices are likely to…

Market bounces back after two negative trading days

Mumbai (IANS) The market bounced back on Thursday after two negative trading days led by strong monthly business updates of leading banks, emphasising robust credit growth, said Vinod Nair, Head of Research at Geojit Financial Services.

At…