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Hyundai Motor signs 174-MW renewable energy deal for EV plant in US

Apr 22, 2024

Seoul, April 22 (IANS) Hyundai Motor Group said on Monday it has signed a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar Project…

Zomato increases mandatory platform fee to Rs 5

Apr 22, 2024

New Delhi, April 21 (IANS) Online food delivery platform Zomato has hiked its platform fee by 25 per cent to Rs 5 per order. Zomato introduced a platform fee of Rs 2 in August last year and later increased it to Rs 3 to improve its margins…

Business

Persistent Systems logs $1,186 million in revenue in FY24, up 14.5 per cent

Apr 22, 2024

New Delhi, April 21 (IANS) Multinational technology services company Persistent Systems on Sunday announced revenue of $1,186 million in FY24, which is up 14.5 per cent (year-on-year).The IT services firm reported an 25.36 per cent rise in…

Business

Hybrid work models offer significant opportunity for Indian video conferencing market: Logitech

Apr 22, 2024

New Delhi, April 21 (IANS) Tech firm Logitech India's head of B2B Anand Lakshmanan on Sunday said that the adoption of hybrid work models offers a significant opportunity for the country's video conferencing market. According to him, as…

Business

Punjab expected to procure 132 lakh metric tons wheat: Chief Secretary

Apr 22, 2024

Chandigarh, April 21 (IANS) Punjab is expected to procure 132 lakh metric tons wheat, out of which 17.14 lakh metric tons have already been acquired, Chief Secretary Anurag Verma said on Sunday. Presiding over an emergency meeting with all…

Business

April futures expiry to increase volatility, keep markets under pressure

Apr 21, 2024

New Delhi, April 21 (IANS) Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves. At the end of the four-day week which had a mid-week holiday…

Business

Direct tax collections shoot past budget target by Rs 1.35 lakh cr in 2023-24

Apr 21, 2024

New Delhi, April 21 (IANS) The net direct tax collections for the financial year 2023-24 have clocked a double-digit growth to exceed the Union Budget Estimates (BE) by Rs 1.35 lakh crore or 7.4 per cent reflecting the strong fiscal…

Business

Earnings season, global cues to shape market trends

Apr 21, 2024

New Delhi, April 21 (IANS) Markets will continue to focus on the earnings season and global cues in the upcoming week.Vinod Nair, Head of Research, Geojit Financial Services, said GDP, PMI, and jobless claims data from the US next week will…

Business

Tesla cars to soon have an integrated X experience: Musk

Apr 21, 2024

New Delhi, April 21 (IANS) Elon Musk, on Sunday, said that Tesla car users will soon have an integrated experience with X social media platform. Replying to a follower who asked if we can get the X app integrated into Tesla cars, the tech…

Business

Every global brand wants to be in India: OYO’s Ritesh Agarwal

Apr 21, 2024

New Delhi, April 20 (IANS) Ritesh Agarwal, Founder, and CEO of global hospitality chain OYO Rooms, on Saturday said this is the ideal time for global companies to come and start a business in the country, which offers a conducive atmosphere…

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