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Cars24’s net loss grows 6.4 pc to Rs 498 crore in FY24

Nov 27, 2024

New Delhi, Nov 27 (IANS) Online pre-owned car retailer platform Cars24 has reported a loss of Rs 498 crore in the last financial year (FY24), compared to Rs 468 crore in FY23, which is a 6.4 per cent increase.The company's expenses saw 23.3 per cent increase (year-on-year) to Rs 7,461 crore, from Rs 6,053 crore in FY23, as per its latest…

Charge sheet completely silent, lacks details: Mukul Rohatgi slams ‘vague’ US indictment

Nov 27, 2024

New Delhi, Nov 27 (IANS) Former Attorney General and Senior Counsel Mukul Rohatgi on Wednesday criticised the indictment by a US court alleging bribery charges against the Adani Group, describing it as "completely silent" and lacking…

Business

Hyundai Motor to buy back $716 million in shares to enhance shareholder value

Nov 27, 2024

Seoul, Nov 27 (IANS) Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value.In the buyback plan approved by the board of directors, Hyundai…

Business

India’s milk production rises 4 pc to cross 239 million tonnes in 2023-24

Nov 27, 2024

New Delhi, Nov 27 (IANS) India's milk production increased by 4 per cent to 239.3 million tonnes in 2023-24, Union Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said.Union Minister Singh said the per capita…

Business

‘Indictment from US is baseless, lacks evidence’, Mahesh Jethmalani slams Cong over…

Nov 27, 2024

New Delhi, Nov 27 (IANS) Rajya Sabha MP and Senior Advocate Mahesh Jethmalani on Wednesday slammed the Congress party for "blindly relying on an indictment" to make "baseless statements" against Indian industrialists and the Government of…

Business

Centre spent Rs 3,623 crore on steps to curb burning of crop stubble

Nov 27, 2024

New Delhi, Nov 27 (IANS) The Centre has spent Rs 3,623.45 crore on crop residue management, since 2018, in Delhi, Punjab, Haryana, and Uttar Pradesh, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh…

Business

India to help 85,000 students design semiconductor chips within 5 years

Nov 26, 2024

New Delhi, Nov 26 (IANS) The government on Tuesday said it is creating a conducive environment for the semiconductor design community across the country by providing thousands of students direct access to the national chip design…

Business

Manufacturing sector driving up warehouse property deals in India’s top cities

Nov 26, 2024

Mumbai, Nov 26 (IANS) The manufacturing sector is driving up warehouse transactions across eight key Indian markets which has shot up by 20 per cent to 14.65 million square feet (mn sq ft) in Q3 2024 (July - September) compared to the same…

Business

Bank guarantee waiver to help telcos expand networks, upgrade tech: Industry

Nov 26, 2024

New Delhi, Nov 26 (IANS) Industry players on Tuesday welcomed the Union Cabinet’s move to waive bank guarantees for telecom companies, saying it would significantly help reduce the financial burden on the telecom operators in the…

Business

Indian telecom tower firms to spend Rs 21,000 crore in FY 2025, 2026 to boost rural networks

Nov 26, 2024

New Delhi, Nov 26 (IANS) Independent telecom tower companies in India are likely to spend Rs 21,000 crore over fiscals 2025 and 2026 to support the telecom companies in expanding rural networks and improving service quality in urban areas,…

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