Consumer protection regulator CCPA on Friday said it has issued notices to cab aggregators Ola and Uber for unfair trade practices and violation of consumer rights. The Central Consumer Protection Authority (CCPA) has given 15-days time for these two companies to reply to the notices. "We have issued notices to both Ola and Uber. Most [...]
Daimler India Commercial Vehicles Pvt Ltd (DICV) on Friday reported 48 per cent growth in truck wholesales at 14,222 units in 2021. The company, which manufactures BharatBenz brand of trucks and buses, had registered truck wholesales of 9,624 units in 2020. "Despite supply chain headwinds, rising input costs, rising fuel prices and the impact of the [...]
Pharmaceuticals firm Zydus Lifesciences Ltd on Friday reported a 41.47 per cent decline in consolidated net profit at Rs 397.4 crore in the fourth quarter ended March, impacted by higher expenses and one-off inventory related provisions. The company had posted a consolidated net profit of Rs 679 crore in the same quarter of previous fiscal [...]
GE T&D India on Friday reported a loss of Rs 22.53 crore for the March quarter, mainly due to lower revenues. The company had logged a net profit of Rs 16.11 crore in the quarter ended March 31, 2021, a BSE filing showed. Total income dipped to Rs 685.92 crore in the quarter from Rs [...]
Shares of Prudent Corporate Advisory Services on Friday made its debut with nearly 5 per cent premium against the issue price of Rs 630. The stock listed at Rs 660, reflecting a jump of 4.76 per cent on the BSE. At the NSE, it made its debut at Rs 650, a gain of 3.17 per [...]
India's economic growth is likely to be robust at 8.9 per cent in the current financial year, reflecting the country's strong resilience and speedy recovery, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman also expressed confidence that India will continue to achieve a high growth rate in the next financial year as well, the finance [...]
Ride-hailing app Uber India on Thursday said it has, over the past few weeks, raised fares to cushion drivers from the impact of rising fuel prices across many cities in India. The company said it always strives to make driving with Uber a viable and attractive option for drivers, and added that "the recent hike [...]
Sri Lankan Prime Minister Ranil Wickremesinghe on Thursday accepted a generous offer from Maldivian Speaker Mohamed Nasheed to assist the debt-ridden island nation's bid to secure international relief in the ongoing economic crisis, according to an official statement here. “The Prime Minister accepted the former President’s offer and appointed him to coordinate the relief efforts,” [...]
Indian and Chinese companies are taking lead in use of artificial intelligence compared to their peers in major technically-advanced countries, an IBM survey report said on Thursday. According to the survey, 35 per cent of companies globally reported using AI in their business and when compared with 2021, organisations are 13 per cent more likely [...]
With an aim to provide a holistic picture of all borrowings and the status of encumbrance on the assets of listed entities, capital markets regulator Sebi on Thursday came out with a new format for disclosing security cover to stock exchange and debenture trustee. Also, the regulator has put in place obligations of listed entity [...]
