More

    Business

    spot_img

    Telangana Shines in the US: KTR Tour Propels 27.5K New Jobs, Economic Triumph

    KTR US Tour Round Up 2023: Telangana's Minister for IT & MAUD, KT Rama Rao, has been making waves during his tour of the United States, where he has been showcasing the remarkable accomplishments of the Telangana government and attracting investments for the state. The tour has not only resulted in significant investments but has also generated an impressive number of new jobs in...

    KTR Seals $350 Mn Deal with Medtronic in the US

    New York, USA, May 18, 2023: Medtronic, a global leader in healthcare technology, has announced an investment of Rs.3,000 crore (approximately $350 million) to expand its Medtronic Engineering & Innovation Center (MEIC) in Hyderabad, Telangana, India. The deal was inked by KT Rama Rao, Minister for IT & MAUD, Govt of Telangana in the US. The expansion will create over 2,000 new jobs in...

    Tata Motors Share Price Hits New 52-Week High on Debt Reduction, Strong Q4 2023 Earnings

    Tata Motors share price hit a new 52-week high on May 15, 2023, after the company reported strong earnings for the fourth quarter of the financial year 2022-23. In Q4FY23, Tata Motors surpassed estimates in consolidated net profit to ₹5,407.79 crore in the fourth quarter of FY23, against a net loss of ₹1,032.84 crore in the same quarter a year ago. Sequentially, the Q4FY23...

    Adani Group’s shares under scrutiny amid SEBI probe

    Adani Enterprises and Adani Green Energy, two major companies of the Adani Group, are under the regulatory scanner following a report of an investigation by the Securities and Exchange Board of India (SEBI). The SEBI probe is related to the alleged non-disclosure of material information by these companies. As a result of this development, the shares of Adani Enterprises and Adani Green Energy fell by...

    Sensex and Nifty today; Financials Sole Sectoral Gainer in the Red

    Mumbai, March 28, 2023, Sensex and Nifty Update : The Indian stock market started the week on a cautious note as the BSE Sensex and the Nifty 50 erased all their gains in the morning session and slipped into negative territory. As of 11:00 am, the Sensex was trading 99.57 points or 0.16% lower at 60,428.40, while the Nifty 50 was down by 19.95...

    First Citizens Bank buys Silicon Valley Bank, boosts strengths

    In a major development in the banking industry, US-based First Citizens Bank has announced its acquisition of the Silicon Valley Bank, following the latter's recent collapse. The acquisition deal, which was reportedly worth billions of dollars, is expected to have a significant impact on the financial landscape of the tech industry. According to sources, the Silicon Valley Bank had been struggling for several months due...

    TikTok CEO Shou Zi Chew: Crisis Threatens Meteoric Rise from Intern to Boss

    TikTok CEO Shou Zi Chew, meteoric rise from an intern at Facebook to CEO of hugely popular app has been nothing short of impressive. As the head of the world's most popular social media app, Chew has overseen its ascent to become the most downloaded app last year, with 672 million downloads. But as concerns over national security and privacy continue to plague the...

    Credit Suisse Debacle, UBS Takeover, is this the new era of banking?

    UBS, the Switzerland-based bank, has agreed to purchase the embattled Swiss lender Credit Suisse for $3.25 billion, in a deal aimed at restoring confidence and stability in the Swiss economy and the banking sector. However, Credit Suisse’s “black mark” is not something that can be erased by UBS. While UBS may benefit from the takeover, the future of the banking industry leaves many ...

    Vedanta Share Price Makes 2% Jump as Chief Rests Investor Concerns

    Vedanta Share Price saw a 2% increase to ₹275 per share on the BSE during Wednesday's opening deals, following a statement by Vedanta Resources Ltd. The statement aims to assuage investor concerns around its financial position. Vedanta Resources Ltd is owned by billionaire Anil Agarwal and stated that it has sufficient means to meet debt repayment liabilities in the upcoming quarters. Additionally, it has...

    Greenko’s 4950 KVA of Clean Energy Sets a New Standard for Sustainable E-Racing in India

    Greenko, a leading clean energy transition and decarbonization solutions company, made history by supplying a total of 4950 KVA of clean energy to power the Greenko Hyderabad E-Prix 2023, India's first-ever Formula E World Championship. The event, which was attended by over 20,000 spectators, showcased the power of sustainable energy and set a new standard for sustainable e-racing. The event's significance transcended the racetrack, as...

    Latest Updates