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)
Private equity firm Temasek will acquire nearly 10% stake in Haldiram Snacks (Haldirams) for about Rs 8,600 crore ($1 billion), sources told FE. This transaction marks the largest private equity deal in India’s consumer sector, valuing Haldirams at ₹86,000 crore ($10 billion). “We look forward to working with Temasek to harness the value they bring from
With their impending entry into the cables and wires segment, the Adani Group and the Aditya Birla Group (ABG) are strengthening their presence in the building and construction sector, where both already hold leading positions in the cement business. According to analysts, this move will allow both conglomerates to leverage their existing distribution networks and supply chain efficiencies
Onix Renewable plans to spend nearly Rs 25,000 crore to build 7 gigawatt renewable energy capacity and 5 GW solar module and cell capacities in the next three years. By 2030, the company will build a renewable energy portfolio of 10 GW and looks to invest Rs 30,000 crore, its chief operating officer Hardik Adhiya
After reaching record production levels in the last financial year (FY 2023-24), the production of several key minerals has continued to grow strongly in the current fiscal (FY 2024-25) till February. Among key minerals, iron ore production, which accounts for 70% of the total Mineral Conservation and Development Rules (MCDR) mineral production by value, stood
In a significant relief for debt-ridden Vodafone Idea (Vi), the government has decided to convert an additional Rs 36,950 crore of the telecom operator’s outstanding spectrum auction dues into equity. This move comes under the provisions of the September 2021 telecom reforms package, the company informed the exchanges on Sunday. The dues, which include deferred
