Industry

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

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)

HCL Tech on Thursday announced that it extended its ongoing partnership with the New South Wales Government’s transport and roads agency, Transport for NSW, to enable world-class transport services and experience for customers.  Under a new five-year agreement, HCL Tech will deliver end-to-end managed services for business-critical and operational applications, platforms, and cloud operations with

Hindustan Unilever (HUL) on Wednesday emerged as the third key fast-moving consumer goods (FMCG) company after Tata Consumer and Nestle India to flag demand concerns in urban areas, especially in larger cities. All three firms have attributed the urban slowdown to food inflation and a high base effect in the year-ago period. After multiple quarters

Logistics-tech unicorn Shiprocket said its revenue rose 21% year-on-year to Rs 1,316 crore in FY24, driven by growth in its core business of e-commerce enablement and also expanding scale in its emerging businesses such as cross border, checkout and fulfillment. The company said while its core business has been strengthened by the integration of Pickrr’s

KPIT Technologies reported a net profit of Rs 203.74 crore, which was a 44.66% year-on-year rise and a sequentially flat quarterly profit for the September quarter. KPIT’s revenues rose 8% sequentially to Rs 1,471.41 crore. The company maintained its margins at 20.5% during the quarter. KPIT on Wednesday announced plans to raise Rs 2,880 crore.

As the competition between Adani Group’s Ambuja and Aditya Birla Group’s UltraTech for dominance in the cement sector heats up, the south India market has become a battleground with multiple acquisitions at increasing enterprise value per tonne. The latest acquisitions – Orient Cement by Ambuja and India Cement by UltraTech – have been at far