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12 firms fined $7.5 million for price fixing over Samsung’s chip system bids

Jun 2, 2024

Seoul, June 2 (IANS) The country’s antitrust regulator said on Sunday it has decided to impose a combined 10.46 billion won ($7.55 million) in fines on 12 domestic companies for colluding to fix bidding prices over a semiconductor monitoring and control system by Samsung SDS. PS ENG, Daean C&I, Doota IT, and nine other companies colluded to…

SK Group chairman’s $1 billion divorce suit to affect conglomerate’s governance

Jun 2, 2024

Seoul, June 2 (IANS) The "most expensive divorce suit" in South Korea's history between SK Group’s Chairman Chey Tae-won and his estranged wife, Roh So-young, is feared to affect Chey's grip on SK Group's governance as questions arise over…

Business

AET Displays Steals the Show with Future-Ready Rental Series and XR Screens at Palm Expo 2024

Jun 1, 2024

India, 1st June 2024: AET Displays, a renowned industry expert in fine-pitch LED displays, has captivated audiences with its latest Rental Series and XR Application-based screens at the ongoing Palm Expo 2024. The three-day event, running…

Business

Kia India sells 19,500 units in domestic markets

Jun 1, 2024

Kia India, one of the fastest-growing premium

Business

Black Box Limited announces financial results for Q4 and FY24

Jun 1, 2024

Mumbai, June 1 (IANS) Black Box (BSE: 500463) (NSE: BBOX), a leading IT solutions provider, announced its results for the quarter and year ended 31st March 2024. The company's emphasis on margin improvement and enhanced productivity has…

Business

WhatsApp bans over 71 lakh accounts in India in April

Jun 1, 2024

New Delhi, June 1 (IANS) Meta-owned WhatsApp on Saturday said it banned more than 71 lakh accounts in India in the month of April for violating the laws of the land.Out of 7,182,000 banned WhatsApp accounts, 1,302,000 were proactively…

Business

Maruti Suzuki’s sales decline by 2 pc in May

Jun 1, 2024

New Delhi, June 1 (IANS) Leading automaker Maruti Suzuki, on Saturday, reported sale of 1,74,551 units in May, down by 2 per cent (year on year) from 1,78,083 units in the same period last year. India's largest automotive brand saw…

Business

Certificates from accredited driver training schools don’t exempt from driving test requirements:…

Jun 1, 2024

New Delhi, June 1 (IANS) The Centre on Saturday clarified reports in some sections of the media on Accredited Driver Training Centers (ADTC) and driving schools, saying that there will not be any changes from June 1 to the existing rules.…

Business

39 Indian startups secure over $387 million this week amid volatility

Jun 1, 2024

New Delhi, June 1 (IANS) Funding in the Indian startup ecosystem continued unabated this week despite volatility in stock markets over weak global cues. At least 39 startups in the country secured more than $387 million, which included 13…

Business

Kia India reports 3.9 pc sales growth in May, surpasses 2.5 lakh export milestone

Jun 1, 2024

New Delhi, June 1 (IANS) Kia India on Saturday said it has registered the sale of 19,500 units in May, a growth of over 3.9 per cent (year-on-year) compared to 18,766 units in the corresponding month of the last year.The automaker said it…

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