Business

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...

Adani FPO, the follow up public offer from the Asia's richest man Gautam Adani, closes the books on its Rs 20,000 crore ($2.5 billion) follow-on public offer (FPO) today. Despite Adani Enterprises attracting investment from Abu Dhabi's International Holding Co. with a $400 million ($3,200 crore) subscription, the FPO has so far only received a 6% subscription from investors, with the retail and...

The Adani Group has recently suffered another blow with a significant decrease in stocks, reaching a total loss of $66 billion. This comes as the company is embroiled in a heated conflict with short-seller Hindenburg Research. Despite the broad sell-off, with Adani Green Energy Ltd. and Adani Total Gas Ltd. down over 20%, there are signs of a divide. Adani Group Companies Show Resilience Billionaire Gautam...

Amazon, the e-commerce giant, announced on Wednesday that it will be laying off over 18,000 employees starting January 18. The company had already laid off about 10,000 staff in November. In an email to staff, Amazon CEO Andy Jassy cited "uncertain economy" and "rapid hiring" as the reasons behind the job cuts. "Between the reductions we made in November and the ones we're sharing today,...

HCL Share Price is bleeding. The stock nose dived to soon after the management gave a fresh guidance of its business ahead. The Share price of HCL Technologies opened 4 percent lower on December 9 after the management indicated that FY23 revenue growth will be at the lower end of earlier guidance. At its investor day held on December 8 in New York, the company...

Bhubaneswar hosted the Vizag Tech Summit 2023 investor-industry road show on December 1-3 drew a good gathering of investors. The team lead by Dr. Srinibabu Gedela, CEO of Pulsus in this meeting highlighted the importance of technology applications in various industry. The road show brought together some of the top minds in the industry, discussing a range of topics and providing attendees with a glimpse...

Unicorn Darwinbox, the fastest-growing Unicorn HR tech platform from Asia, announced it will add 300 more full-stack engineers at its newly opened Global Headquarters in Hyderabad on Monday. The company also has set a target to go public in the next 3 years. The new engineers will join the 700 engineers housed at the 1000-seat site spanning 75,000 sft. The new HQ will empower the...

Prime Minister Narendra Modi today dedicated to the nation projects worth 10,500 Crores. He laid the foundation stone and dedicates multiple projects in Visakhapatnam, Andhra Pradesh. He also emphasised the need to strengthen Blue Economy. Addressing the people of the state and the nation PM Modi said “People of Andhra Pradesh have made a prominent name for themselves in every field” He added, “The path to...

Indian stock market indices continued its strong momentum on Monday as benchmark Sensex crossed the 60,000-mark and Nifty 50 inching towards the 18,000-level. Investor favorites like Reliance Industries, Bajaj twins, HDFC Bank, TCS powered were leading the broader markets. Among the biggest gainers were the IT stocks due to updside movements in NASDAQ and global stock markets, while significant rally was noted in the pharma...

Today, On October 24, the two biggest stock exchanges in the world, the BSE and the NSE, will host a one-hour special Muhurat Trading session to mark the start of a new Samvat 2079, the Hindu calendar year that starts on Diwali. The time period for the symbolic trading session was published by the stock exchanges in separate circulars as 6:15 to 7:15. Trading...