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Blinkit now more valuable that Zomato’s core food business: Report

Apr 26, 2024

New Delhi, April 26 (IANS) Zomato’s quick delivery service, Blinkit, has become more valuable than its core food delivery business, according to a new Goldman Sachs report. While Zomato’s food delivery business is valued at Rs 98 per share, Blinkit’s “implied value” is at Rs 119 per share, or about $13 billion, according to the investment bank’s…

US awards $13.6 billion to Micron which has a chip plant in progress in India

Apr 26, 2024

Washington, April 26 (IANS) The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster…

Business

Snapchat reaches 422 million daily active users globally

Apr 26, 2024

New Delhi, April 26 (IANS) Social media platform Snapchat reached 422 million daily active users in the first quarter (Q1) this year, an increase of 39 million or 10 per cent (year-on-year).In Q1, the revenue of its parent company Snap grew…

Business

Microsoft posts $21.9 billion in net income, bets big on AI

Apr 26, 2024

New Delhi, April 26 (IANS) Microsoft has posted a revenue of $61.9 billion in its third quarter (Q3) — up 17 per cent — with $21.9 billion in net income which increased 20 per cent.According to Satya Nadella, Chairman and CEO of Microsoft,…

Business

Congruent Solutions appoints Mahesh Natarajan as Chief Revenue Officer

Apr 26, 2024

New Delhi, April 25 (IANS) Congruent Solutions, a leading provider of Software-as-a-Service (SaaS) and outsourced plan administration services to the US retirement industry, on Thursday announced the appointment of Mahesh Natarajan as its…

Business

RBI issues alert against prepaid payment instruments by illegal entities

Apr 26, 2024

Mumbai, April 25 (IANS) The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities. "Members of public are urged to exercise utmost caution while using websites/…

Business

Godrej & Boyce contributes to India’s Energy Transition Initiatives undertakes orders worth…

Apr 25, 2024

Godrej Electricals & Electronics, a business unit of Godrej & Boyce announces the acquisition of orders worth Rs. 1000 Cr plus in FY24 for their Power Infrastructure business.

Business

Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation

Apr 25, 2024

New Delhi, April 25 (IANS) After credit card data of at least 17,000 new ICICI Bank customers was exposed and reached "wrong users", the bank said on Thursday that it has blocked these cards and is issuing new ones to the customers.The…

Business

Hackers attacked Indian firms on average 2,444 times per week in last 6 months: Report

Apr 25, 2024

New Delhi, April 25 (IANS) Hackers have attacked Indian organisations on average 2,444 times per week in the last six months, compared to 1,151 attacks per organisation globally, a new report revealed on Thursday.According to the cyber…

Business

L&T Technology Services logs Rs 1,304 crore in net profit in FY24

Apr 25, 2024

Mumbai, April 25 (IANS) L&T Technology Services Ltd on Thursday reported a net profit of Rs 1,304 crore in FY24, an 8 per cent growth, with revenue of Rs 9,647 crore which is a 9 per cent growth (year-on-year). The company will also…

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