Business
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Revenue collection up in Himachal by 19 pc despite pandemic
Shimla: The State Taxes and Excise Department on Tuesday said the revenue collection in 2021-22 under all heads was Rs 8,403.70 crore in Himachal Pradesh despite Covid-19, which is 19.30 per cent…
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India’s policy challenges to hinder net-zero progress, putting onus on private cos: Moody’s
New Delhi: India’s 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the…
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Public Cloud spending in India to touch $7.5 bn this year
Mumbai: The end-user spending on public cloud in India is likely to reach $7.5 billion in 2022 — growing 29.3 per cent from 2021, a Gartner report said on Tuesday. Cloud system…
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Shares of HDFC twins on a downtrend since announcement of merger
New Delhi: Shares of HDFC twins – HDFC Bank and HDFC � have been on a bearish trend right after the announcement of the merger. The shares of the two HDFC companies…
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3 firms submit bids for SsangYong Motor acquisition
Seoul: Three firms have submitted their bids to acquire the debt-ridden automaker SsangYong Motor Co, sources here said on Monday, after a previous sales deal with a local electric vehicle maker fell…
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BYJU’s faces litmus test as edtech bubble bursts in India
New Delhi: For Vipluv, 24, a job offer from the leading edtech company BYJU’s was like a dream come true. He, along with four-five of his friends, joined the company as Business…
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Equity indices plunge sharply, Sensex down 1,122 points
New Delhi: Continuing with their downtrend from the opening session, India’s benchmark equity indices settled sharply lower on Monday as surge in inflation dented investors’ sentiment. The Consumer Price Index, or retail…
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Swiggy, Zomato invest in restaurant management platform UrbanPiper
Bengaluru: Restaurant management platform UrbanPiper on Monday announced it has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors Swiggy and Zomato. The platform aims…
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Twitter board must be concerned about other bidders not me: Musk
San Francisco: Tesla and SpaceX CEO Elon Musk on Sunday said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer…
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Byju’s-owned WhiteHat Jr logs huge Rs 1,690 cr loss in FY21
New Delhi: Byju’s-owned online coding platform WhiteHat Jr has posted a massive Rs 1,690 crore loss in the financial year 2021, while generating an operating revenue of Rs 484 crore in the…
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HDFC Bank’s Q4FY22 net profit up 22.8% YoY
Mumbai: Lending major HDFC Bank on Saturday reported a year-on-year rise of 22.8 percent in net profit for the fourth quarter of FY22 ended March 31. The bank’s net profit increased to…
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Mercedes-Benz EV threatens Tesla with record 1,000 KM on single charge
New York: In a strongest challenge to Elon Musk’s Tesla in the electric vehicle (EV) market, Mercedes-Benz has unveiled its long-range ‘Vision EQXX’ concept car that travelled over 1,000 kms on a…
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US judge reduces $137 mn penalty linked to racial abuse against Tesla
San Francisco: Electric vehicle company Tesla has managed to convince a judge to slash the historic $137 million award it was supposed to pay a former employee as part of a racial…
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Alliance Air becomes Centre’s independent business unit
New Delhi: Regional airline Alliance Air has become an independent business unit under the Central government’s control. Alliance Air was an esrtwhile part of Air India prior to the latter’s divestment. At…
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Maruti Suzuki launches next-gen Ertiga MPV
New Delhi: Automobile major Maruti Suzuki India on Friday launched the next-gen Ertiga MPV. As per the company, the next generation of the MPV is powered by an all-new ‘Next-Gen’ K-series 1.5L…