Vodafone Idea has partnered with Motorola to ensure seamless 5G connectivity across its fifth-generation smartphone portfolio, according to a statement on Monday. The announcement comes within days of Vodafone Idea getting a shot in the arm, with Centre on Friday clearing conversion of the troubled telco's accumulated interest dues worth Rs 16,000 crore into equity. [...]
Shares of One97 Communications climbed over 6 per cent in late morning trade on Monday after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter. One97 Communications (OCL) is the parent entity of leading mobile payments and financial services company Paytm. The stock of One97 Communications rallied 6.44 per [...]
Online travel service provider Easy Trip Planners Ltd on Monday reported a 4.16 per cent rise in consolidated net profit to Rs 41.7 crore for the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 40.03 crore in the corresponding quarter of the last fiscal, Easy Trip Planners, which [...]
The government has blocked 232 apps operated by overseas entities, including Chinese for being involved in betting, gambling and unauthorised loan service, according to an official source. Ministry of Electronics and IT (MeitY) has issued orders to block these apps following instructions from Ministry of Home Affairs. "The order to block 138 apps that were [...]
The government has reduced import duty on a number of raw materials such as fish lipid oil, krill meal and algal prime used in the marine sector, to promote domestic production and exports from the segment. The duty on fish lipid oil and algal prime (flour), used in manufacture of aquatic feed, has been reduced [...]
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are "not overexposed" to any one company and assured that [...]
Tata Power aims to operationalise its solar cell and module facility being set up in Tamil Nadu by December-end of this year, the company's CEO & MD Praveer Sinha said. In July 2022, Tata Power inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to [...]
Maharashtra will set up four circular economy parks for major industries and an enabling policy for the same will be ready by March and implemented from April, a senior state government official has said. These circular economy parks will primarily focus on recycling scrap and other wastes. The proposed parks will come up in Aurangabad, [...]
Major FMCG companies feel the demand slump has bottomed out and there are green shoots of recovery in the rural markets, which has been under stress since the last few quarters. With abating commodity price pressures, firms such as HUL, Godrej Consumer Products Ltd (GCPL), Dabur, Marico and Emami expect a gradual recovery in consumption [...]
Foreign investors pulled out Rs 28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to attractiveness of the Chinese markets. This came following a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November, data with the depositories showed. Going ahead, FPI flows are [...]
