New Delhi (IANS) Global technology brand Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn. According to a report in CRN, the job cuts at Levono are “part of a roughly $115 million … read more
Chennai (IANS) The Rs 1,800 crore revenue farm to dining plate agri commerce company WayCool Foods and Products has hived off its three brands into a wholly owned subsidiary in order to double to revenue in a year, said a … read more
Chennai (IANS) While the outlook for gold remains positive, prices may drop on the Akshaya Tritiya day on April 22, said an analyst at LKP Securities. For the past one week before Akshaya Tritiya, gold price has been holding near … read more
Chennai (IANS) The US dollar may not go down much against other currencies in the near future as the potential for further rate hikes are there and flight to safety during uncertainties, Emkay Global Financial Services said in a report. … read more
New Delhi (IANS) Milk production is projected to grow at 6 per cent annually as against the current annual growth rate of 5.3 per cent, according to recent data on milk output. This is the observation of a research paper, … read more
Chennai, (IANS) India’s wholesale price index (WPI)-based inflation fell to a 29-month low of 1.34 per cent in March owing to a steep fall in indexes of primary articles, manufactured products, fuel and power as well as food. Wholesale inflation … read more
New Delhi (IANS) Power consumption in 2022-23 rose 9.5 per cent to 1,503.65 billion units (BU) on year-on-year basis, mainly due to growth in the economic activities, as per official data of the Central Electricity Authority (CEA). Power consumption was … read more
Chennai (IANS) Private sector HDFC Bank Ltd on Saturday said it had closed FY23 with a 19.3 per cent increase in net profit and the Board has proposed a dividend of Rs 19 per share. The HDFC Bank said it … read more
New Delhi (IANS) India and Spain are looking forward to considerable progress in the ongoing India-European Union (EU) free trade agreement (FTA) negotiations during the upcoming Spanish presidency of the EU from July to December this year. Both the nations … read more
New Delhi (IANS) Japanese investment giant SoftBank is selling one of its venture capital arms, SoftBank Ventures Asia (SBVA), to Singaporean investment firm The Edgeof, as VC funding remains scarce amid the global macroeconomic conditions. The acquisition comes after SoftBank … read more