Xiaomi India elevates COO Muralikrishnan as President

Bengaluru (IANS) Global tech company Xiaomi India on Friday announced to elevate Muralikrishnan B as President of its India operations, effective from August 1.

Muralikrishnan will be responsible for day-to-day operations, services, public…

Airtel deploys India's 1st private 5G network amid heated industry debate

Bengaluru/New Delhi (IANS) Amid the heated debate on allowing enterprises to build captive private 5G networks as India prepares for 5G spectrum auction, Bharti Airtel on Friday announced a successful trial of India's first 5G private network…

'In June, Mutual Fund AUM declined, industry changed sectoral allocation'

Chennai (IANS) While the total assets under management (AUM) of the Indian mutual fund industry declined by 4.2 per cent last month, it also saw changes in the sector and stock allocation of the funds, said broking company Motilal Oswal Financial…

IT dept finds pharma group gave freebies worth Rs 1000 cr to health professionals

New Delhi (IANS) The Income Tax Department on Wednesday said it has recently carried out search and seizure operations against a major Bengaluru-based pharmaceutical group, Micro Labs whose medicine Dolo650 was in high demand during the Covid waves.

'Warehousing of imported solar panels, accessories need to be reviewed'

New Delhi (IANS) The grant of permission for warehousing of imported solar panels, solar modules and related accessories is not in accordance with the Manufacture and Other Operations in Warehouse Regulations (MOOWR) 2019 provisions or principles…

Another Rs 1,200 cr vanishes from BYJU'S funding round: Report

New Delhi (IANS) A whopping Rs 1,200 crore from a US-based company, recently announced by BYJU'S as a funding round, has gone off track, according to a media report.

In September 2021, New York-based Oxshott invested Rs 1,200 crore as part…

Senior business journalist's name surfaces in NSE co-location scam

New Delhi (IANS) The Central Bureau of Investigation (CBI) probing the National Stock Exchange (NSE) co-location scam involving its former CEO and MD Chitra Ramkrishna and others has learnt that a senior business journalist had helped the accused…

Huawei transferred Rs 750 cr abroad, claim I-T Deptt sources

New Delhi (IANS) Chinese technology company Huawei has been accused by the Income Tax Department of transferring Rs 750 crore to its foreign-based parent firms sources in the department have said.

The I-T had in February accused the firm of…

TCS posts Rs 9,478 cr profit, interim dividend of Rs 8 per share

Chennai (IANS) Software major Tata Consultancy Services Ltd (TCS) on Friday said it closed the first quarter of FY23 with revenue of Rs 52,758 crore and a net profit of Rs 9,478 crore.

The Board of TCS also declared an interim dividend of Rs…

Chinese directors of firm associated with Vivo flee as ED continues raids

New Delhi (IANS) As the Enforcement Directorate (ED) continued searches at the premises of Chinese companies, including smartphone maker Vivo, at 44 locations in 22 states on Wednesday, the directors of one of the companies associated with Vivo have…