New Delhi (IANS) US-based semiconductor company Applied Materials on Saturday announced its engagement with more than 40 suppliers and academic institutions as part of the company’s planned collaborative engineering centre in Bengaluru. In its first five years of operation, the … read more
New Delhi (IANS) IPO-bound Ola Electric has reportedly recorded an operating loss of $136 million (roughly Rs 1,116 crore) and revenue of $335 million (roughly Rs 2,750 crore), missing its revenue goal disclosed publicly. The company reported sales of over … read more
Chennai (IANS) With an all-round increase in revenues and a drastic reduction in provisions for loan loss, the government-owned Indian Bank on Thursday said it had closed the first quarter with a net profit of Rs 1,708.83 crore. In a … read more
Chennai (IANS) Non-banking finance company Bajaj Finance Ltd on Wednesday said it has logged Rs 2,959.06 crore net profit for the first quarter of FY24. In a regulatory filing, the company said for the period under review it had earned … read more
New Delhi (IANS) Corporate earnings season started on a weak note — Nifty-50 (ex-financial & commodity) operating earnings grew by 11 per cent YoY, 3 per cent behind our expectations, Antique Stock Broking said in a research. The miss in … read more
New Delhi (IANS) As the government gears up to welcome Elon Musk’s Tesla to set up a supply chain ecosystem in the country in the foreseeable future, the Centre has reportedly rejected Chinese electric vehicle (EV) giant BYD Motors’ plan … read more
Chennai (IANS) Privately owned ICICI Bank on Saturday said its standalone net profit for Q1FY24 zoomed by 39.7 per cent to Rs 9,648.20 crore. In a regulatory filing ICICI Bank said it closed Q1FY24 with a net profit of Rs … read more
New Delhi (IANS) TRAI is of the opinion that the tariffs offered by Reliance Jio Infocomm Limited are not in violation of the tariff orders, the government said in the Rajya Sabha on Friday. Minister of State for Communications Devusinh Chauhan … read more
New Delhi (IANS) The Indian smartphone market is likely to reach $42 billion in overall revenue this year, up by around 18 per cent over previous year, selling about 140 million units, a report showed on Thursday. The 140-million smartphone … read more
New Delhi, (IANS) The IT spending in India is projected to reach $112.2 billion this year, slightly higher than last quarter’s update, a report showed on Wednesday. Despite being cautious, Indian chief information officers (CIOs) will continue to invest in … read more