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)
Less than a month after ending their strike, the Samsung India Workers’ Union (SIWU) has threatened to issue a fresh strike notice, citing unfair labour practices and alleged vindictive actions by Samsung India management. The decision was taken at a general body meeting in Kancheepuram on Sunday, which was reportedly attended by over 1,000 workers.
Tech Mahindra is witnessing a sizable market in the Asia-Pacific region (APAC) including Japan, with a strong demand flow and a robust pipeline for new projects across various industries, including telecom, BFSI, retail, and manufacturing, Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, told FE. “This (fiscal) year has been a tremendous
Taiwanese manufacturing giant Foxconn has procured machinery worth $32 million (about ₹276 crore) for manufacturing Apple products in India. The purchase comes months after China allegedly delayed shipments of specialised equipment and restricted new work rotations for Chinese employees at its Indian factories. In a regulatory filing, Foxconn said, its subsidiary, Foxconn Hon Hai Technology
Ahead of US President Donald Trump’s imposition of reciprocal tariff from April 2, gold prices on Tuesday hit an all-time high as investors sought safety amid the stock-market meltdown. In the international market, spot gold prices hit $3,148/ounce. From $2,624 at the beginning of the year, prices have so far appreciated 20% in 2025. In
The central government’s decision to convert part of Vodafone Idea’s spectrum debt into equity will not only give the cash-strapped telco some much needed cash flow relief, but will also translate to improved growth prospects for Indus Towers, analysts said. The tower company, which counts Vodafone Idea as one of its major customers, and will
