Business

03 May 2024, 16:16

Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses

Adani Green Energy Ltd (AGEL) on Friday posted a 38.85 per cent decline in consolidated net profit to Rs 310 crore for the March quarter, mainly...

03 May 2024, 13:49

Bajaj Pulsar NS400Z launched at ₹1.85 lakh, becomes cheapest 400cc bike in the country

Indian automaker Bajaj has launched the Pulsar NS400Z, the company’s most powerful offering in the Pulsar motorbike series i...

03 May 2024, 11:37

Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies

The sales of electric two-wheelers have come crashing down just a month after recording the best-ever monthly sales numbers in March 2024. This comes amid the end of the FAME subsidy scheme which has resulted in an increase in prices of electric scooters. While the boost in sales in March 2024 was fueled by an expected increase in prices and push by companies to sell more scooters before the end of FY, the significant decline might be a concern for EV makers.

03 May 2024, 10:25

Apple clinches strong double-digit growth in India; CEO says incredibly exciting market

Apple CEO Tim Cook on Friday said the company grew strong double-digit in India, clinching a new March quarter revenue recor...

02 May 2024, 17:19

Adani Enterprises Q4 net falls 37%; incubating businesses show strong momentum

Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent...

02 May 2024, 16:09

Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price: Agarwal

The Vedanta Group is aiming to invest USD 20 billion across all its businesses in India over the next four years, its Chairm...

02 May 2024, 14:05

Adani Ports' net profits jump 50% in 2023-24, registers threefold cargo growth

Ports and Special Economic Zone on Thursday reported that its Profit After Tax or net profits during the just-concluded financial year 2023-24 grew by a whopping 50 per cent to Rs 8,104 crore. In 2022-23, they were at Rs 5,391 crore.

02 May 2024, 12:58

April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer

Hyundai continued to occupy the second position in India’s car market, with Tata Motors taking the third position for the second consecutive month after capturing the second position for a month in February 2024. The reason why we are only talking about the second position in auto sales and not the top spot is because Maruti Suzuki continues to dominate it by a big margin. The Indian automaker enjoys a market share of over 40%.

02 May 2024, 12:16

American Express to open one-million sq feet campus in Gurugram

Global payments company American Express on Wednesday announced it will open its nearly one-million square feet campus in Gurugram, Haryana. The comp...

01 May 2024, 10:15

127-year-old Godrej Group splits conglomerate between family

The founding family of 127-year-old Godrej Group, which deals in soaps to aerospace to real estate, has reached an agreement to split the conglomerate.

30 Apr 2024, 14:58

Upcoming cars and two-wheelers launching in India in May 2024

Multiple cars and two-wheelers have been launched in India in the first four months of 2024, from the recently launched Mahindra XUV 3XO to the Tata ...

30 Apr 2024, 11:39

Mahindra XUV 3XO compact SUV launched in India starting at ₹7.49 lakh

Mahindra has launched the XUV 3XO compact SUV in India. The Mahindra XUV 3XO is priced starting at ₹7.49 lakh and goes up t...

29 Apr 2024, 15:20

Indegene's ₹1,842 crore IPO to open on May 6

Indegene Ltd, a healthcare tech firm focused on the global life sciences industry, on Monday said it has fixed the price band at Rs 430 to Rs 452 per...

28 Apr 2024, 14:14

India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030

India's e-commerce market is projected to cross USD 300 billion by 2030, driven by a growing digital economy and expanding internet user base. Factors such as rising internet penetration, affordability of data prices, and increasing smartphone users contribute to the significant growth. Government initiatives like the National Logistics Policy, ONDC, and digital infrastructure improvements further enhance the e-commerce landscape in India.

28 Apr 2024, 13:17

A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit

Tesla CEO Elon Musk has headed to China on Sunday on a surprise visit to the nation, which also is the second biggest market of the electric vehicle giant, Reuters reported citing two people with knowledge of the matter. Musk's visit to China comes a week after his visit to India was postponed due to 'Tesla obligations.' He was scheduled to meet with Prime Minister Narendra Modi and announce plans to enter the Indian market.

26 Apr 2024, 17:40

SBI Life Q4 profit rises 4% to ₹811 crore

SBI Life Insurance on Friday reported 4 per cent rise in net profit at Rs 811 crore for the fourth quarter ended March 2024 as value of new business ...

26 Apr 2024, 17:13

Maruti Suzuki Q4 net profit rises 47.8% to ₹3,877.8 crore

Maruti Suzuki India on Friday reported a 47.8% rise in net profit for the March quarter of FY24. The auto maker reported a net profit of Rs 3,877.8 c...

26 Apr 2024, 14:08

Reliance gets thumbs-up from S&P, Fitch as strong earnings keep leverage in check

Reliance Industries Ltd has won a vote of confidence from global rating agencies S&P and Fitch after its robust earnings in ...

26 Apr 2024, 12:04

Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh

Bengaluru-based Ultraviolette Automotive has launched its latest performance electric bike, the F77 Mach 2 in India....

25 Apr 2024, 17:50

IndiGo places order for 30 wide-body A350-900 planes

The country's largest airline IndiGo on Thursday announced placing an order for 30 wide-body A350-900 planes. The airline, which is expanding its int...

25 Apr 2024, 15:47

ITC plans to open more hotels overseas: CMD Sanjiv Puri

India's diversified entity ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after ope...

25 Apr 2024, 13:18

Hyundai plans to scale up production capacity, introduce more EVs in India

South Korean auto major Hyundai Motor Group on Thursday said it is looking to expand the annual production capacity across H...

25 Apr 2024, 12:58

Narcissistic top management leads to poor employee retention, shows research

The study found that the more narcissistic the manager, the more likely they were to hire a narcissistic executive. And as these narcissists yearn to dominate each other, the internal conflicts inadvertently lead to team fluctuations. This diminished inability to retain employees can incur significant costs to the company, the researchers emphasised.

25 Apr 2024, 11:41

Audi to hike vehicle prices by up to 2% from June

German automaker Audi on Thursday said it will hike prices of its model range in India by up to 2 per cent from June, in order to offset the impact o...

24 Apr 2024, 17:16

Axis Bank posts net profit of ₹7,129 cr in March quarter

Private sector lender Axis Bank on Wednesday reported a net profit of Rs 7,129 crore for the fourth quarter ended March 31, 2024. The bank had report...

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