Bharti Airtel's revenues up 22% YoY, net profit 165% in Q4FY22

New Delhi (IANS) Telecom service provider Bharti Airtel posted quarterly revenues of Rs 31,500 crore in Q4FY22, up 22.3 per cent year on year.

The sharp rise in revenues was backed by strong and consistent performance delivery across portfolios.

Erasing early gains, 2 day gaining streak, indices settle bit low

New Delhi (IANS) Erasing the entire opening session gains and snapping two-day rally, Indian equity benchmark indices closed Wednesday's trade marginally in red.

Inflation rate hitting 40 years high in the UK also dented investors sentiment…

Rupee hits new low, falls 14 paise to 77.69 per US dollar

New Delhi (IANS) The Indian currency rupee touched yet another all-time low against the US dollar earlier this morning.

The rupee fell 14 paise to 77.69 per US dollar.

Money market participants are currently closely watching the domestic…

Indian IPO market experienced significant slowdown

New Delhi (IANS) After record-high levels of IPO activity in 2021, volatile market conditions have resulted in a significant slowdown during the first quarter of 2022.

In Q1 2022, the Indian market introduced 16 IPOs vs 23 IPOs in Q1 2021,…

Centre bans wheat export

New Delhi (IANS) The Central government has placed a ban on wheat export with immediate effect in the wake of the grave situation of less than estimated domestic wheat production and an excessive global price hike after a spike in demand following…

Global digital transformation spending to reach $1.8 trillion this year

New Delhi (IANS) Global spending on the digital transformation (DX) of business practices, products and organisations is forecast to reach $1.8 trillion in 2022, an increase of 17.6 per cent over 2021.

The DX priorities that will see the largest…

Reliance Industries is top Indian company in Forbes Global 2000 list

New Delhi (IANS) On the Forbes Global 2000 list, Reliance climbed two spots to No. 53 among all public companies worldwide and ranked first among Indian companies.

Earlier this year, Forbes estimated Mukesh Ambani's net worth to be $90.7…

Indices extend losses, Sensex declines nearly 1K pts

New Delhi (IANS) Indian equity benchmarks extended their losses from the previous session and tanked sharply due to weak global cues amidst high volatility.

Asian stocks fell as the US inflation for April stood persistently high, which dented…

E-commerce enablement platform GoKwik raises $35 mn

New Delhi (IANS) E-commerce enablement platform GoKwik on Wednesday said it has raised $35 million led by Think Investments and RTP Global, and will use the funds to work on tech solutions for large marketplaces.

The Series B round also saw…

Indices fall for fourth straight session amid high volatility

New Delhi (IANS) Indian equity benchmarks on Wednesday extended their slump for the fourth straight session amid volatility in global financial markets.

The indices opened higher to later give up all of their gains as investors awaited the…