Food delivery platform Zomato on Thursday confirmed the reports of increase in its platform fee to Rs 10 ahead of the festive season, and said that the same is not a rumour. The company stated that the fee hike is a routine business matter and is done from time to time. In a regulatory filing
KPIT Technologies shares plummeted 15% to an intra-day low of Rs 1,393.45 on management commentary about the weak outlook for the automobile industry. The company’s management pointed out that the automobile industry is under pressure due to regulatory changes and other things. Kishor Patil, Co-founder and CEO of KPIT Technologies said, “The Mobility Industry, specifically
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch on Thursday skipped the Public Accounts Committee (PAC) questioning and said she would not be able to attend it due to “personal exigencies”. The crucial meeting of the Parliamentary panel was adjourned just hours before it was scheduled to start. PAC chairman K C
The company raised Rs 4,321.44 crore via a combination of fresh shares and an offer for sale. The company’s IPO price band ranged between Rs 1,427 to Rs 1,503 per equity share. A retail buyer had to apply for a minimum of 9 shares and then in its multiple, which amounted to Rs 13,527 per
So, you’re on the hunt for a budget car and feeling like a contestant on a game show, trying to decide which vehicles deserve a spot in your driveway? Well, buckle up! The car market is about to unleash a whole fleet of affordable new rides which may end up making you do a little
The Bajaj Pulsar N125 is the latest entrant in this segment, which is focused on offering a sporty design and an efficient ride. However, this segment has two other key players: the Hero Xtreme 125R and the TVS Raider 125. All three motorcycles promise to do the same with their looks, features, pricing, and a
Tata Communications on Thursday announced a transformative upgrade to its AI cloud infrastructure in India, powered by NVIDIA Hopper GPUs. The strategic collaboration positions Tata Communications as a key player in enabling AI applications across a wide spectrum of industries — including manufacturing, healthcare, retail, and banking and financial services — and equipping them with
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While many major companies across sectors and all of the IT services giants have already released their Q2 results, many others are yet to announce their Q2 numbers. Even so, the fiscal second quarter earnings season is now in full swing. Firms like Tata Consultancy Services (TCS)
Co-working player Smartworks has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of Rs 94.68 crore for six years. The space is located in DLF Commercial Building Block -3 in DLF City-Phase 5, Gurgaon, according to data accessed by Propstack. Also ReadQ3 Update: Hindustan Zinc’s mined metal production stands
By Krishna Barot The Gujarat government’s bid to establish itself as a semiconductor hub may have succeeded in attracting big-ticket investments but have thus far found few takers amongst the MSME sector. Industry insiders attribute this lack of enthusiasm amongst MSMEs to the stiff conditions set by the government which are proving to be a deterrent
Ketan Parekh, who was debarred by the Securities and Exchange Board of India (SEBI) two decades back after his conviction in the infamous stock market scam 2000, is back in the market regulator’s bad books. On Thursday, in an interim order, SEBI debarred Parekh, Singapore-based Rohit Salgaonkar and 20 other entities, besides impounding Rs 65.77
At a time when market experts have been advising investors to prune returns’ expectations from 2025, the benchmark indices’ 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this calendar year. Market experts, however, aren’t impressed, pointing out that the fundamental concerns of expensive valuations, earnings
The Indian stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO of Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at Rs 25,000 crore a month, will rise
