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Sundram Fasteners to invest Rs 200 crore to cater to $250 mn export order

Sundram Fasteners to invest Rs 200 crore to cater to $250 mn export order

18-01-2023  comments

Chennai (IANS) Bagging a $250 million export order to supply components for electric vehicle (EV), Sundram Fasteners Ltd will invest Rs 200 crore at its facilities, the company said on Tuesday.

According to Sundram Fasteners, the company has…

India 5G phone market to expand over 70 per cent by end of 2023: Report

India 5G phone market to expand over 70 per cent by end of 2023: Report

17-01-2023  comments

New Delhi (IANS) The India 5G smartphone market is expected to expand by more than 70 per cent (on-year) by the end of CY2023, a report said on Tuesday.

The India smartphone market recorded more than 13 times growth in its 5G shipments from…

Marketing losses of India's oil PSUs to ease: Moody's

Marketing losses of India's oil PSUs to ease: Moody's

17-01-2023  comments

Chennai (IANS) With the international prices of petrol and diesel cooling due to economic slowdown concerns, marketing losses for the three Indian oil companies will ease, said Moody's Investors Service.

In a report, Moody's said the…

Indian startups need to reserve cash, listen to customers to stay afloat

Indian startups need to reserve cash, listen to customers to stay afloat

16-01-2023  comments

New Delhi (IANS) As Indian startups face turbulence in the global funding winter, experts on Monday said they need to reserve cash, create a long-term goal and adopt a culture of customer feedback to survive in 2023.

On the occasion of the…

'Gold prices on the upward trend, to touch Rs 60,000/10 gms soon'

'Gold prices on the upward trend, to touch Rs 60,000/10 gms soon'

16-01-2023  comments

Chennai (IANS) Gold prices are expected to touch Rs 60,000/10 grams 24-carat shortly with the rates touching Rs 58,550 on Monday, a top official of Madras Jewellers and Diamond Merchants Association said.

Buyers are continuing to buy now as…

Will markets rally pre-budget now

Will markets rally pre-budget now

15-01-2023  comments

Markets opened with a gap at the start of the week on expected lines, but then lost on the next three consecutive days before a strong rear-guard action on Friday, the last day of the week saw markets regaining ground.


With gains on just…

Vodafone plans hundreds of job cuts, biggest in 5 years: Report

Vodafone plans hundreds of job cuts, biggest in 5 years: Report

14-01-2023  comments

New Delhi (IANS) Telecommunication player Vodafone is reportedly planning to slash hundreds of jobs, mostly at its London-based headquarters, to cut costs in the global economic slowdown.

The Financial Times reported that this will be the company's…

HDFC Bank Q3 net at Rs 12,259 cr

HDFC Bank Q3 net at Rs 12,259 cr

14-01-2023  comments

Chennai (IANS) The HDFC Bank closed the third quarter of FY23 with a net profit of about Rs 12,259 crore, the bank said in a regulatory filing.

According to the HDFC Bank, it has posted a net profit of about Rs 12,259 crore for the quarter…

Layoffs begin at Ola, 200 employees to be impacted

Layoffs begin at Ola, 200 employees to be impacted

13-01-2023  comments

New Delhi (IANS) Ride-hailing major Ola has started to lay off 200 employees from its Ola Cabs, Ola Electric and Ola Financial Services verticals as part of the "restructuring" exercise.

The layoffs, which were first announced in September…

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

13-01-2023  comments

Chennai (IANS) About 60 per cent of the business leaders surveyed were of the view that Indian gross domestic product (GDP) will grow at 6.5 per cent during 2023-24, said Deloitte Touche Tohmatsu India LLP (DTTILLP).

In a pre-budget survey…

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