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Edtech company Simplilearn losses reach 29% in FY23, revenue up 50%

Jan 7, 2024

New Delhi, Jan 6 (IANS) Digital upskilling platform Simplilearn saw its losses reach 29 per cent to Rs 244 crore during FY23 as compared to Rs 179 crore in FY22. Various overheads resulted in its overall expenditure reaching Rs 944 crore in FY23 as compared to Rs 643 crore in FY22, reports Entrackr. With nearly 47 per cent surge in the…

Vietnam’s VinFast, TN govt join hands to set up $2 bn EV facility in India

Jan 6, 2024

New Delhi/Chennai, Jan 6 (IANS) Vietnam’s leading electric vehicle (EV) manufacturer VinFast and the Tamil Nadu state government on Saturday announced a partnership to build a $2 billion EV facility in the country, with an intended…

Business

E-commerce SaaS platform Unicommerce files for IPO, to sell 29.8 mn shares

Jan 6, 2024

New Delhi, Jan 6 (IANS) E-commerce enablement SaaS platform Unicommerce has filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO).The SoftBank-backed company,…

Business

Goyal asks BIS to raise standards of goods to international level

Jan 6, 2024

New Delhi, Jan 6 (IANS) Commerce and Industry Ministry Piyush Goyal on Saturday urged the Bureau of Indian Standards (BIS) to make the country’s standards compatible to international standards wherever possible like in case of lifts, air…

Business

Edtech company Simplilearn’s losses swell 36% in FY23, revenue up 50%

Jan 6, 2024

New Delhi, Jan 6 (IANS) Digital upskilling platform Simplilearn saw its losses grow more than 36 per cent to Rs 244 crore during FY23 as compared to Rs 179 crore in FY22. Various overheads resulted in its overall expenditure reaching Rs…

Business

Alaska Airlines grounds all Boeing 737-9 aircraft after emergency landing

Jan 6, 2024

Washington, Jan 6 (IANS) Alaska Airlines has grounded all of its Boeing 737-9 aircraft after one such plane had to make an emergency landing in Portland, Oregon, with a window and a part of the fuselage missing."Following tonight's event on…

Business

Gadkari unveils Rs 1,464 crore highway projects in Kerala

Jan 6, 2024

New Delhi, Jan 6 (IANS) Union Minister for Road, Transport and Highways, Nitin Gadkari has inaugurated and laid the foundation stone of 12 National Highway projects in Kerala with an investment of over Rs 1,464 crore.The total highway…

Business

We need short-term courses to skill 100 mn people in fundamentals of AI: CP Gurnani

Jan 6, 2024

New Delhi, Jan 6 (IANS) As India rides on the generative AI (GenAI) bandwagon which will touch every aspect of the IT and tech industry, the country needs to focus on creating short-term courses in fundamental of AI to skill 100 million…

Business

Bulge bracket FPIs dominate Indian equity markets

Jan 6, 2024

Mumbai Jan 6 (IANS) Bulge bracket FPIs have returned to Indian equity markets with aggressive buying in the last month of 2023 taking benchmark indices to dizzying stratospheric levels.The sharp up-move in the market in December coincided…

Business

Adani Electricity notched high-powered show in 2023; energises for 2024

Jan 6, 2024

Mumbai, Jan6 (IANS) The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday.AEML supplies nearly 2000 MW power daily to…

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