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I’m an investor in space startup Agnikul Cosmos: Anand Mahindra

Jun 3, 2024

New Delhi, June 3 (IANS) Mahindra Group Chairman Anand Mahindra, on Monday, disclosed that he is an investor in space startup Agnikul Cosmos, which last week launched the world's first rocket with a fully 3D-printed engine.On Thursday, the rocket Agnibaan SOrTeD (SubOrbital Technological Demonstrator) became India's first semi-cryogenic…

Lenskart raises $200 million from Temasek, Fidelity at $5 billion valuation

Jun 3, 2024

Mumbai, June 3 (IANS) Eyewear retailer Lenskart has raised $200 million in secondary investment from global investment firms Temasek and Fidelity Management & Research Company (FMR), it was announced on Monday.After this transaction,…

Business

UST acquires Endeavor Consulting Group to strengthen its position in life sciences industry

Jun 3, 2024

New Delhi, June 3 (IANS) Digital transformation solutions company UST on Monday announced the acquisition of supply chain management and product commercialisation consulting player Endeavor Consulting Group for an undisclosed amount.The…

Business

Mother Dairy hikes milk prices by Rs 2 per litre across all variants

Jun 3, 2024

New Delhi, June 3 (IANS) Mother Dairy, on Monday, increased milk prices across all variants due to rise in input cost. The price hike is effective from Monday in Delhi-NCR and other markets.Mother Dairy said: "A price hike of Rs 2 per…

Business

Zerodha faces tech glitch as markets hit record high; users complain

Jun 3, 2024

New Delhi, June 3 (IANS) Several users took to social media platform X on Monday to complain about a technical glitch they were facing while trading on the brokerage firm Zerodha's trading app Kite. The glitch comes on a day when the stock…

Business

Adani Group’s market cap back to pre-Hindenburg level with huge stock rallies

Jun 3, 2024

New Delhi, June 3 (IANS) Riding on two big rallies on the Indian indices, the Adani Group has regained its total market capitalisation after it was hit by a short-seller report in late FY23.The market capitalisation of 10 listed Portfolio…

Business

Byju’s paying employee salaries for May from ‘collections’

Jun 3, 2024

New Delhi, June 3 (IANS) Embattled edtech company Byju’s was expected to release salaries for the month of May for its employees on Monday, after several delays earlier owing to a severe cash crunch and mounting legal battles.Sources close…

Business

Sensex, Nifty at all-time high as Exit Polls predict BJP win

Jun 3, 2024

Mumbai, June 3, (IANS) Indian equity benchmarks opened at an all-time high on Monday due to Exit Polls predicting a Modi government comeback.Sensex opened almost 2600 points higher at 76,582 points and Nifty opened almost 800 points higher…

Business

Adani Group companies’ shares surge near 10 pc in morning trade

Jun 3, 2024

Mumbai, June 3 (IANS) The stock of key Adani Portfolio of companies surged nearly 10 per cent on Monday as soon as the markets opened, becoming among the top gainers.The shares of Adani Ports and Special Economic Zone (ASPEZ) were trading…

Business

AMD introduces ‘Zen 5’ Ryzen chips to power next-gen AI PCs

Jun 3, 2024

New Delhi, June 3 (IANS) Chip-maker AMD on Monday announced next-generation ‘Zen 5’ processors for AI-powered experiences on upcoming desktops and laptops from various manufacturers.AMD Chair and CEO, Dr Lisa Su, introduced new AMD Ryzen AI…

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