Business

Venus Remedies registers 9.22 pc growth in sales for FY 2021-22

Chandigarh: Pharma company Venus Remedies on Saturday said it has registered a 9.22 per cent increase in annual sales in 2021-22 in comparison to sales in 2020-21. “Aided by concerted efforts to…
Adani Group’s drone division exploring two revenue models similar to tractor industry

New Delhi: The Adani Group’s commercial drones division is exploring two revenue models — dealer-based and service-based — while keeping its primary focus on the agriculture sector, a top official of the…

Hyderabad: Bharat Dynamics Limited achieves 47% jump in turnover

Hyderabad: Bharat Dynamics Limited (BDL), a city-based Defence Public Sector Undertaking which manufactures ammunitions and missile systems, reported a 94 percent increase in Profit after Tax (PAT) on Friday. The PAT stood…
Tesla in India: Elon Musk says ‘no plant where sale (of imported cars) not allowed’

Texas: Hinting that Tesla will not put a manufacturing plant in India the carmaker’s chief executive officer (CEO) Elon Musk said on Friday tweeted that until the company is first allowed to…
Shareholder sues Musk for manipulating Twitter stock for personal gains

San Francisco: A Twitter shareholder has sued Elon Musk, alleging that the Tesla CEO actively manipulated the company’s stock for personal gain. The lawsuit alleged that Musk proceeded to make statements, send…
Gold jumps Rs 303; silver rallies Rs 1,023 amid firm global trends

New Delhi: Gold in the national capital on Friday jumped Rs 303 to Rs 50,939 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. The…
Rupee inches 3 paise higher to 77.58 against US dollar

Mumbai: The rupee inched 3 paise higher to close at 77.58 against US dollar on Friday, supported by positive domestic equities and weakness of the American currency overseas. Forex traders said the…

India Cements to monetise land, increase price by Rs 55 per bag

Chennai: Cement major India Cements Ltd will monetise some of its land to settle its debt and for capital expenditure, said a top company official. He also said, in order to recover production…
Equities close week in green, Sensex up 632 pts, Nifty IT top gainer

New Delhi: Capitalising on their opening session gains, domestic equity benchmark indices settled week’s last trading session sharply higher in the green led by gains in IT, media, and banking stocks coupled…
Market experts demand wide ranging probe to uncover Lamborghini fund managers

New Delhi: Stock market experts have pointed out that the recent case of unethical practices by mutual fund managers raises several questions as the hard earned money of retail investors is involved.…
Rupee slips 6 paise to 77.61 against US dollar

Mumbai: The rupee declined 6 paise to close at 77.61 against the US dollar on Thursday, as firm crude prices and relentless foreign capital outflows dented investor sentiment. However, a rally in…
Broadcom to acquire enterprise cloud services provider VMware for $61 bn

San Francisco: In the second biggest tech deal of the year, chip and software maker Broadcom on Thursday announced to acquire enterprise cloud services provider VMware in a cash-and-stock deal valued at…
Lenovo India logs $2.2 bn in sales with 38% YoY growth

New Delhi: Global technology brand Lenovo Group on Thursday reported record fiscal year results, with historic highs on both profit and revenue fronts, as its India business reached record high. The total…
Davos day 4: KTR continues to usher in investments for Telangana

Hyderabad: On the fourth day of his Davos trip, Telangana IT and industries minister KT Rama Rao (KTR) announced the addition of a few more investments into the state. KTR is participating…
Musk drops Tesla loans from $44 bn Twitter takeover

San Francisco: In a relief for Tesla shareholders, Elon Musk has committed to provide an additional $6.25 billion in equity financing for his $44 billion Twitter takeover, bringing his total equity commitment…