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)
The Central Board of Direct Taxes entered into 174 advance pricing agreements with Indian taxpayers in FY25. The number sets a new record for the agency and includes unilateral APAs, bilateral APAs and multilateral APAs. This also takes the total number of APAs signed since the inception of the program to 815. According to details shared
Adani Group plans to raise $4 -5 billion for its projects in Khavda and Mundra in Gujarat in the next few months, said sources familiar with the matter. Adani is building a 30 GW renewable energy park in Khavda, Gujarat, which will be the largest renewable energy park in the world. The plant will produce
Aditya Birla Real Estate (ABREL), formerly known as Century Textiles and Industries, has sold Century Pulp and Paper (CPP), located in Lalkuan, Uttarakhand, to ITC for Rs 3,498 crore through a lump-sum sale. ALSO READImported coal-based power plants may see tech upgrade to use local fuel JM Financial Limited acted as the exclusive financial advisor
Haldirams on Monday announced that the UAE’s International Holding Company (IHC) and Alpha Wave Global would invest in the business in the ongoing round, which also saw participation from Singapore’s Temasek. The company did not disclose the stake these two companies would acquire. However, industry sources suggested that they are likely to get around 5-6%
Net inflows of Rs 1.25 lakh crore from retail investors into equities touched a three-fiscal high in FY25 while infusions from domestic institutional investors crossed Rs 6 lakh crore, the highest in a decade, data from the National Stock Exchange (NSE) show. Foreign portfolio investors (FPIs) withdrew Rs 1.27 lakh crore from Indian stocks, the
