Business
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Renault crosses 8-lakh cumulative sales mark in India
Mumbai: French automaker Renault on Tuesday said it has crossed the 8-lakh cumulative sales milestone in India, in a decade of its presence in the domestic market. It also said that despite…
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Global fintech investment tops $210 bn in 2021, India shines
New Delhi: Total global fintech funding (across mergers & acquisitions, private equity and venture capital) reached $210 billion with a record 5,684 deals in 2021 — up from $125 billion across 3,674…
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SBI, Bank of Baroda shares rise amid weak broader mkt sentiment
New Delhi: Shares of some banks in the PSU segment swam against the current on Monday and traded sharply in the green on the back of improved asset quality in terms of…
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Hyundai finds itself on a sticky path
Chennai: Korean car maker Hyundai Motor India found itself on a sticky road with its statement that many Indians consider as insufficient and skirting over the issue of whether Kashmir is an…
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Bumble acquires popular Gen Z dating app Fruitz
San Francisco: Popular women-first dating app Bumble on Monday said it has acquired Fruitz, one of the fastest growing dating apps in Europe, for an undisclosed sum. This is Bumble’s first acquisition…
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Despite privacy changes, digital ad spend to hit $753 bn in 2026
New Delhi: Despite app store privacy changes by Apple and Google that are hitting advertisers, global digital advertising spend will increase from $407 billion in 2022 to $753 billion in 2026 —…
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Audi weighing local production of EVs in India
New Delhi: German luxury carmaker Audi is evaluating the feasibility of producing electric vehicles locally in India while it seeks to reach threshold volumes for such a step to be successful, according…
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JM Financial gives ‘buy’ call for ITC, GAIL, M&M Financial, 6 others
New Delhi: The brokerage and investment firm JM Financial has given a ‘buy’ call for shares such as ITC, GAIL, Mahindra & Mahindra Financial, Welspun India, Apollo Tyres, Blue Star, V Guard…
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Frontloading infra spend could bring faster growth: Crisil
New Delhi: India’s Union Budget FY23’s investment led push in infra sector is expected to usher in faster economic growth, ratings agency Crisil said. The majority of Budget 2022-23 massive Capex outlay…
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SBI Q3 net profit surges 62 percent to Rs 8,432 cr
New Delhi: The country’s largest lender State Bank of India (SBI) on Saturday posted 62 per cent jump in standalone net profit at Rs 8,432 crore for the third quarter ended December…
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India rejects Tesla’s call for tax benefits: Report
New Delhi: The Indian government has turned down a demand of tech billionaire Elon Musk’s electric vehicle (EV) company Tesla for tax breaks to import electric cars, saying rules already allow bringing…
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Jio Platforms invests $15 mn in AI, VR startup Two Platforms
New Delhi: Jio Platforms announced on Friday that it has invested $15 million in Two Platforms (TWO) for a 25 per cent equity stake. The startup — Two Platforms — is an…
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Hyundai’s January sales fall 12% amid chip shortage
Seoul: Hyundai Motor, South Korea’s biggest carmaker, has announced its sales fell 12 per cent last month from a year earlier amid global chip shortages. Hyundai Motor sold 2,82,204 vehicles in January,…
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Forex reserves down by USD 4.531 bn to USD 629.755 bn
Mumbai: The country’s foreign exchange reserves declined by USD 4.531 billion to stand at USD 629.755 billion in the week ended January 28, RBI data showed on Friday. In the previous week…
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BharatPe Founder seeks removal of new CEO from board, firm says wait for audit
New Delhi: In a fresh twist to the ongoing BharatPe saga, the fintech platform’s Co-founder and Managing Director Ashneer Grover has now written to the company board asking for the removal of…
