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‘Domestic demand growth has moderated for tyre companies’

Mar 20, 2024

New Delhi, March 20 (IANS) Given the recent uptick in natural rubber and crude oil prices, coupled with muted demand trends in the domestic market, the margins of tyre companies may come under pressure if prices sustain at these levels, said Kotak Institutional Equities.In the last three quarters, revenue growth for listed tyre companies has…

Optimo Loan raises $10 mn from Blume Ventures, Omnivore

Mar 20, 2024

New Delhi, March 20 (IANS) Optimo Loan, an MSME (Micro, Small and Medium Enterprises) lending-tech business for rural India, on Wednesday, announced that it raised $10 million in seed funding from venture capital firms Blume Ventures and…

Business

‘Pure veg mode’ fleet will also wear colour red: Zomato CEO

Mar 20, 2024

New Delhi, March 20 (IANS) Facing flak over his decision to launch a ‘pure veg mode,’ Zomato Co-founder and CEO Deepinder Goyal on Wednesday said the company has decided to remove the on-ground segregation of its rider fleet on the ground…

Business

Nifty correcting despite big buying by institutional investors

Mar 20, 2024

New Delhi, March 20 (IANS) Trends are emerging in the market decline on Tuesday as the Nifty corrected by more than 1 per cent even when institutions were big buyers, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial…

Business

10 automakers fined $7.6 mn for selling cars with poor safety standards

Mar 20, 2024

Seoul, March 20 (IANS) The South Korean government said on Wednesday that it has imposed fines totalling 10.3 billion won ($7.6 million) on 10 foreign and domestic automakers for selling cars with inadequate safety standards.Of those, nine…

Business

Good governance crucial than highest market cap for startups: Industry leaders

Mar 20, 2024

New Delhi, March 20 (IANS) As certain Indian digital companies like Byju’s, with a mammoth $22 billion valuation once, get embroiled in corporate governance issues, top industry leaders have said that running a clean company with honest…

Business

Net direct tax collections for FY 2023-24 grow at over 19.88 p.c.

Mar 20, 2024

New Delhi, March 20 (IANS) The provisional figures of direct tax collections for the Financial Year 2023-24 as on March 17, 2024, show that net collections were at Rs 18,90,259 crore as compared to Rs 15,76,776 crore in the corresponding…

Business

Satya Nadella welcomes Mustafa Suleyman as CEO of Microsoft AI

Mar 20, 2024

New Delhi, March 19 (IANS) Microsoft Chairman and CEO Satya Nadella on Tuesday welcomed Mustafa Suleyman as CEO of the company’s artificial intelligence (AI) venture.As CEO of Microsoft AI, Suleyman will lead consumer AI products and…

Business

Will roll back ‘pure veg mode’ if it sees negative social repercussions: Zomato’s Deepinder Goyal

Mar 20, 2024

New Delhi, March 19 (IANS) Facing criticism on social media after launching the “Pure Veg Mode” on his platform, Zomato Co-founder and CEO Deepinder Goyal on Tuesday clarified that if the company sees any significant negative social…

Business

India will have 10-15 lakh startups, 500 unicorns by 2029: BJP’s Hitesh Jain

Mar 19, 2024

New Delhi, March 19 (IANS) Startups are the ambassadors of 'Viksit Bharat' and by 2029, the country will have at least 10-15 lakh startups and about 500 unicorns, thus creating thousands of jobs for the youth, BJP Mumbai Pradesh Vice…

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