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Ambuja Cements acquires My Home Group’s 1.5 MTPA cement unit in TN for Rs 413.75 cr

Apr 15, 2024

Ahmedabad, April 15 (IANS) In a bid to enhance coastal footprint across southern markets, the Adani Group’s building material company Ambuja Cements on Monday announced to acquire My Home Group's 1.5 MTPA (million tonnes per annum) cement grinding unit in Tuticorin, Tamil Nadu, for Rs 413.75 crore.The acquisition, funded through internal accruals,…

Rising global risks could delay RBI rate cuts, say analysts

Apr 15, 2024

New Delhi, April 15 (IANS) Rising global risks, including the rise in crude oil prices, may delay RBI’s rate cuts, analysts said.“While we maintain our call for a 50 bps rate cut starting in 3QFY25, we note increasing risks of further…

Business

TRAI recommendations to help startups develop India-made products: Industry body

Apr 15, 2024

New Delhi, April 15 (IANS) The latest recommendations by the Telecom Regulatory Authority of India (TRAI) on ‘Regulatory Sandbox’ would assist startups and entrepreneurs in building indigenous solutions and products, facilitate the…

Business

Gold price rises amid escalating Middle East tensions

Apr 15, 2024

New Delhi, April 15 (IANS) Gold price rose on the Multi Commodity Exchange (MCX) on Monday tracking the global market for the precious metal which firmed up amid the worsening geopolitical crisis in the Middle East region following Iran’s…

Business

Zerodha’s Nikhil Kamath launches non-dilutive grant fund for young entrepreneurs

Apr 15, 2024

New Delhi, April 15 (IANS) Leading stock broker Zerodha co-founder Nikhil Kamath on Monday launched a non-dilutive grant agnostic fund 'WTFund', dedicated to nurturing young, promising entrepreneurs aged 25 and under. This initiative…

Business

Sensex down more than 300 points on global headwinds

Apr 15, 2024

Mumbai, April 15 (IANS) BSE Sensex is trading down by more than 300 points as the markets face headwinds from global factors.Sensex is trading at 73,867 points, down by 377 points on Monday. Hindustan Unilever, Tata Motors, ICICI Bank, Tech…

Business

IITians-founded AI startup PineGap.ai raises $2.5 million

Apr 15, 2024

New Delhi, April 15 (IANS) AI SaaS startup PineGap.ai on Monday said it has raised $2.5 million in its seed round led by US-based investors SVQuad and Inventus Capital to strengthen its equity research platform. Co-Founded by IIT-BHU…

Business

Edtech firm upGrad created 55,000 jobs in FY24

Apr 15, 2024

Mumbai, April 15 (IANS) Edtech and skilling major upGrad on Monday announced a steady growth in its annual placements and transitions with a record of 55,000 jobs in FY24. These include new jobs, career switches, and promotions in nearly…

Business

Byju’s CEO Arjun Mohan quits, company to consolidate biz in 3 units

Apr 15, 2024

New Delhi, April 15 (IANS) In an abrupt move, Arjun Mohan, who was elevated as the embattled edtech firm Byju CEO just about seven months back, has quit to pursue other opportunities, the company confirmed on Monday.The company’s Co-founder…

Business

Global smartphone sales up 7.8 pc, Samsung clinches top spot from Apple

Apr 15, 2024

San Francisco, April 15 (IANS) Samsung clinched the top spot in the smartphone market from Apple in the first quarter (Q1) of 2024, preliminary data from global research firm IDC said on Monday.Global smartphone shipments increased 7.8 per…

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