Companies

23 flights cancelled at Hyderabad Airport due to Microsoft outage

As many as 23 domestic flights were cancelled at Hyderabad's Rajiv Gandhi International Airport (RGIA) on Friday due to Microsoft global outage.

Jul 20, 2024

Zomato, Swiggy hike platform fee to Rs 6 per order

Getting food from Zomato, Swiggy to cost higher as platform fee hiked Rs 6 per order

Food delivery platforms Zomato and Swiggy have once again hiked platform fee to Rs 6 per order from an earlier Rs 5 — a 20 per cent increase.

Jul 15, 2024

Originscale Introduces Comprehensive Automation Solutions to Transform the CPG Industry

Originscale is pioneering the automation of business operations, providing the tools and technology needed to address the challenges faced by modern businesses.

Jul 13, 2024

Adani Group's Vizhinjam Port receives first mothership, puts India in world league

Vizhinjam Port near Kovalam Beach receives first mothership, what it means?

Adani Group's Vizhinjam Port, India's first trans-shipment port near Kovalam Beach in Kerala, received its first mothership on Thursday.

Jul 11, 2024

COAI urges Centre to reduce tax burden on telcos in Union Budget

Union Budget 2024-25: Telecom Sector association seeks Tax Relief for cellular operators

The Cellular Operators Association of India (COAI) has recently called upon the Indian government to alleviate the tax burden on telecom service providers (TSPs) in the forthcoming Union Budget 2024-25. The COAI believes that this move will significantly bolster the financial health of the telecom sector, which is currently wrestling with a multitude of challenges.

Jul 10, 2024

Telecom PLI scheme: Equipment manufacturing surges, sales cross Rs 50K crore

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs

Jul 10, 2024

Smart home refridgerator by LG at the IFA Electronics show

LG acquires majority stake in Netherlands-based Athom in AI push

Even after the acquisition by LG Electronics, Athom will continue to operate independently, maintaining its business operations and branding

Jul 7, 2024

Mobile tariff hike: Centre responds, says market's demand and supply decide it

The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector players, the current mobile services market operates through the market forces of demand and supply.

Jul 6, 2024

Elon Musk halts investment plans in India: Bloomberg report

It has been previously reported that Elon Musk had planned to visit Indian prime minister Narendra Modi in April

Jul 4, 2024

Zomato ESOP plan: 25% voted against it but gets shareholders' nod finally

Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the company said in an exchange filing.

Jul 2, 2024

Tata Group retains the spot as India's most valuable brand

The report noted that Tata's ranking reflects the group's strategic initiatives and extensive growth efforts

Jul 1, 2024

Mobile tariff hike may result in Rs 20,000 cr additional operating profits for telcos: Experts

The latest round of 15-20 per cent mobile tariff hikes for prepaid and postpaid plans by telecom service providers (TSPs) can result in additional operating profits of around Rs 20,000 crore for the industry once these hikes are fully absorbed, industry experts said on Friday.

Jun 28, 2024

Key investors move NCLT against Byju's rights issue, firm says yet to get any petition

Byju's Cleared of Financial Fraud But Governance Lapses Found

In a significant development, the Indian government has concluded a year-long investigation into the financial operations of Byju's, the embattled edtech firm. The probe, led by the Ministry of Corporate Affairs (MCA), found no evidence of financial fraud or manipulation of accounts.

Jun 26, 2024

'Our best is yet to come,' declares Gautam Adani as Modi 3.0 begins

Gautam Adani, Chairman of the Adani Group, said on Monday that with record results, robust cash positions, and the lowest debt ratios in the company's history, their path ahead is illuminated with the promise of even greater accomplishments and "the best is yet to come".

Jun 25, 2024

Byju's Challenges NCLT Order in High Court Amid Financial Crisis

In a recent development, Byju's, a leading edtech company, has approached the Karnataka High Court, challenging the order of the National Company Law Tribunal (NCLT).

Jun 23, 2024

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