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Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

Jan 8, 2024

New Delhi, Jan 8 (IANS) Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22, a more than 3.5 times growth. Incred’s revenue surged 77.46 per cent to Rs 866 crore during FY23 from Rs 488 crore in FY22, according to its financials with the…

ONGC announces the successful commencement of “First Oil”

Jan 8, 2024

Mumbai | 08 January 2024 ONGC announces the successful commencement of “First Oil” from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal. This 98/2 project is likely to increase ONGC’s total Oil and Gas production…

Business

OPPO India CMO Damyant Singh Khanoria steps down

Jan 8, 2024

New Delhi, Jan 8 (IANS) Damyant Singh Khanoria, chief marketing officer (CMO) at global smartphone brand OPPO India, has stepped down from his position after three years at the helm.Khanoria joined OPPO in December 2020 from Apple.He…

Business

India’s farm exports to exceed $53 bn in 2023-24: Piyush Goyal

Jan 8, 2024

New Delhi, Jan 8 (IANS) India's agricultural exports in 2023-24 will exceed last year’s level of $53 billion despite the restrictions imposed on overseas shipments of some commodities, Commerce and Industry Minister Piyush Goyal said on…

Business

Sensex sinks more than 500 points

Jan 8, 2024

New Delhi, Jan 8 (IANS) BSE Sensex was down more than 500 points in afternoon trade on Monday due to weakness in FMCG, banks and IT stocks.BSE Sensex was trading down 580 points at 71,444 points. SBI is down more than 2 per cent, ICICI Bank…

Business

Google announces 2nd cohort of GNI Startups Lab India

Jan 8, 2024

New Delhi, Jan 8 (IANS) Google on Monday announced the second cohort of the GNI Startups Lab -- a 12-week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and…

Business

Over 30 Boeing 737 Max 8 with Indian operators inspected, no adverse findings: DGCA

Jan 8, 2024

New Delhi, Jan 8 (IANS) The Directorate General of Civil Aviation (DGCA) on Monday said that checks and inspection of the Boeing 737 Max 8 aircraft by Indian operators have been satisfactorily performed on the fleet, with no adverse…

Business

IPO-bound FirstCry’s CEO offloads shares worth Rs 300 cr: Report

Jan 8, 2024

New Delhi, Jan 8 (IANS) Supam Maheshwari, Co-Founder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company’s initial public offer (IPO).According to a…

Business

Homegrown Ambrane expands global footprint, aims Rs 100 cr revenue

Jan 8, 2024

New Delhi, Jan 8 (IANS) Homegrown consumer electronics and smart wearable brand Ambrane on Monday announced its expansion into the global market and aims for Rs 100 crore revenue this fiscal year.The brand unveils an array of products,…

Business

Sales of petroleum products rise to 7-month high

Jan 8, 2024

New Delhi, Jan 8 (IANS) India's consumption of petroleum products rose to a seven-month high in December to about 20.05 million metric tons, according to data compiled by the Petroleum Ministry.Total consumption rose by 6.2 per cent from…

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