Crypto lending platform Genesis files for bankruptcy

New Delhi (IANS) Popular cryptocurrency broker Genesis has filed for Chapter 11 bankruptcy following the meltdown of the FTX exchange, media reports said.

According to bankruptcy documents, the company listed over 1,00,000 creditors in a "mega"…

No country reflects arising pragmatism better than India: S&P Global Market Intelligence

New Delhi (IANS) India is projected to become the third-largest contributor to global real gross domestic product growth over the next decade, behind only China and the US, according to a new S&P Global Market Intelligence research titled "A Pragmatic…

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

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

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

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

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'

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

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

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

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…