Browsing Category

Business

Business & economy, industries, companies, technologies and MNCs – News

Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk

Mar 29, 2024

New Delhi, March 29 (IANS) Mahindra Group Chairman Anand Mahindra, on Friday, revealed that he started his career on the shop floor of an auto plant, as he responded to Tesla and SpaceX CEO Elon Musk. The X owner posted that many movies exist about a lone inventor in a garage having a "eureka" moment, but “almost none about manufacturing, so it’s…

Anti-abuse provisions should not be used in receipt of capital from credible investors: Experts

Mar 29, 2024

New Delhi, March 29 (IANS) The tax department has issued show-cause notices to several startups in connection with the share premium money received by them a couple of years ago, says Punit Shah, Partner, Dhruva Advisors. “Tax department…

Business

Sales turnover of Government e-Marketplace doubles to Rs 4 lakh crore in 2023-24

Mar 29, 2024

New Delhi, March 29 (IANS) The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous…

Business

Political stability has given India a new sense of confidence: JKLU Laureate awardee Deepak Parekh

Mar 29, 2024

Jaipur, March 29 (IANS) Amid geological tensions impacting the global economy, India has maintained its pace of having the fastest-growing GDP rates among major economies, thanks to the political stability that the country enjoys today…

Business

Byju’s EGM on rights issue ends sans objections, dissenting investors skip meet

Mar 29, 2024

New Delhi, March 29 (IANS) Embattled edtech company Byju’s on Friday held its extraordinary general meeting (EGM) called by the board of directors to raise the capital via the rights issue without any hassles. The EGM, called to increase…

Business

Complaints against Alibaba Group’s AliExpress triple in S. Korea last year

Mar 29, 2024

Seoul, March 29 (IANS) Complaints filed against AliExpress, the e-commerce retail platform of China's Alibaba Group, in South Korea nearly tripled in 2023 from a year earlier, a state-run consumer organisation said on Friday.The number of…

Business

Samsung, employees agree to 5.1 pc pay raise for 2024

Mar 29, 2024

Seoul, March 29 (IANS) Samsung’s management and its workers agreed to an average 5.1 per cent pay raise for the year, sources said on Friday.The world's largest memory chip and smartphone maker reached an agreement with representatives of…

Business

Centre issues order on wheat stock declaration by traders to keep prices in check

Mar 29, 2024

New Delhi, March 29 (IANS) In order to prevent hoarding and speculation by unscrupulous elements, the Central government on Friday announced that all retail and wholesale traders of wheat in the country will have to declare their stock…

Business

Delhi HC to examine Google’s advertising terms for legal remedies in India

Mar 29, 2024

New Delhi, March 29 (IANS) The Delhi High Court has said that it will examine whether the terms of Google’s advertising programme unjustly restricts advertisers from seeking legal remedies or opting for arbitration within India.Justice…

Business

FTX CEO Sam Bankman-Fried sentenced to 25 years in prison

Mar 29, 2024

San Francisco, March 28 (IANS) Sam Bankman-Fried, the co-founder and CEO of collapsed crypto exchange FTX, was on Thursday sentenced to 25 years in prison in the US for seven counts of conspiracy and fraud charges.Judge Lewis Kaplan ordered…