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Pocket FM’s India arm logs 647% revenue growth in FY23, losses down by 56%

Jan 4, 2024

New Delhi, Jan 4 (IANS) Homegrown audio streaming platform Pocket FM on Thursday disclosed the financial performance of its India subsidiary for FY2023, reporting a 647 per cent surge in revenue, reaching Rs 131 crore and a 56 per cent decrease in loss (before tax), amounting to Rs 75.7 crore.The company has experienced a 417 per cent increase in…

Real estate stocks jump up to 15%

Jan 4, 2024

New Delhi, Jan 4 (IANS) Real estate stocks are on fire with the realty index jumping more than 5 per cent on Thursday. The BSE Realty index is up 5.63 per cent by far the top performer, while Sobha is up 15 per cent, Godrej Properties 8…

Business

Is Megapixel era over? Periscope Lens taking over flagship phone cameras

Jan 4, 2024

New Delhi, Jan 4 (IANS) It’s no secret that smartphones are constantly evolving. Every smartphone brand across the globe invests heavily into their R&D to be able to innovate the next best phone for their users.One important feature of…

Business

US-based Invesco raises Swiggy’s valuation to $8.3 bn

Jan 4, 2024

New Delhi, Jan 4 (IANS) US-based investment company Invesco has raised IPO-bound food delivery platform Swiggy's valuation to about $8.3 billion.This is the second consecutive time the global asset management company has increased Swiggy's…

Business

IndiGo announces to remove fuel charges after reduction in ATF

Jan 4, 2024

New Delhi, Jan 4 (IANS) Budget carrier IndiGo on Thursday announced the removal of fuel charge applicable on its on domestic and international routes. The fuel charge had been introduced in October, 2023, following a surge in Aviation…

Business

In the last few days, globally markets are correcting

Jan 4, 2024

New Delhi, Dec 4 (IANS) A predictable market trend is that high valuations will lead to corrections. The unpredictable part is the timing and the trigger for the correction. In the last few days, globally markets are correcting and the…

Business

Intel launches enterprise GenAI software firm with Arun Subramaniyan as CEO

Jan 4, 2024

New Delhi, Jan 4 (IANS) Chip giant Intel has announced a new enterprise-focused generative AI (GenAI) software company called Articul8 with global investment firm DigitalBridge Group.Articul8 is an independent company offering enterprise…

Business

Industry veteran CP Gurnani joins upGrad’s board to help it expand globally

Jan 4, 2024

New Delhi, Jan 4 (IANS) In a bid to further help upGrad become a highly export-oriented product, Indian IT industry veteran CP Gurnani has joined the edtech major's board of Directors, the company announced on Thursday.Gurnani will serve as…

Business

Burman family raises concerns over allotment of 8% stake in RFL to Rashmi Saluja through ESOPs

Jan 4, 2024

New Delhi, Dec 3 (IANS) The Burman family, which collectively owns 21.24 per cent of Religare Finvest Limited (RFL) through its entities, has raised concerns about the alleged allotment of 8 per cent of RFL shares to Rashmi Saluja, the…

Business

Religare board upholds highest standards of corporate governance in all transactions, stands by REL…

Jan 4, 2024

New Delhi, Dec 3 (IANS) The approval sought at the AGM of Religare Finvest Limited (RFL) held on September 26, 2023 was to seek enabling approval of shareholders for the proposed grant of ESOPs of RFL to Rashmi Saluja under the RFL ESOP…

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