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Economy
India can reach $300 bn electronic manufacturing by 2026: MeitY-ICEA
New Delhi: Indian can reach $300 billion worth of electronics manufacturing and exports by 2025-26 -- nearly four times from the current $67 billion -- if specific product segments with high potential for scale are shortlisted and catered!-->…
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Zomato shares decline further, down 18% in early trade
New Delhi: Shares of online food aggregator Zomato extended its losses from last week and declined 18 per cent in early trade on Monday apparently due to low valuations. Over the past one-month period, Zomato's shares fell nearly 30 per!-->…
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Vodafone Idea shares down over 6% on widening net losses in Q3FY22
New Delhi: Shares of telecom service provider Vodafone Idea declined over six per cent on Monday after the company reported about its widening net losses during Q3FY22.
The company's net losses widened year-on-year to Rs 7,230 crore!-->…
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Ola Electric raises $200 mn to $5 bn valuation
New Delhi: Ola Electric on Monday announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others.
The latest round values the company at $5 billion.
"We have changed the entire!-->…
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Decline in equity continues for 5th straight sessions; Sensex, Nifty slip 1%
New Delhi: The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on National Stock Exchange (NSE) extended losses from January 21 and declined sharply during early trade on Monday primarily due to sell-off by foreign!-->…
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Union Budget: Indian startups seek friendly policies, tax incentives
New reforms, policy assistance and support mechanisms for establishing a focused approach in solving unmet financial needs through technology will significantly benefit the economy, they stressed.
"We've seen a substantial spike in the!-->…
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RIL posts strong operating quarter
New Delhi: Reliance Industries Limited (RIL) reported a strong operating quarter with a slight beat at the EBITDA level, JP Morgan said in a report.
Reported PAT was a large beat driven by exceptional gains on the exit of shale assets.!-->…
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Industry Speaks: Make travel expenses deductible under IT returns in Budget FY23
New Delhi: India's hotel and restaurant industry has urged the Centre to make travel expenses deductible under IT returns in Budget FY23.
Notably, the sector has been heavily battered due to the Covid-19 pandemic and the subsequent!-->…
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IBM sells its Watson healthcare assets to Francisco Partners
San Francisco: IBM has announced to sell healthcare data and analytics assets from the company (currently part of the IBM Watson Health business) to Francisco Partners, a leading global investment firm.
Although financial terms of the!-->…
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Vodafone Idea’s net losses widen YoY in Q3FY22, ARPU improves sequentially
New Delhi: Telecom service provider Vodafone Idea's net losses widened year-on-year to Rs 7,230 crore during the Q3FY22.
In the same quarter last fiscal, it was Rs 4,532 crore. In Q2FY22, it was Rs 7,132 crore.
Revenue from operations!-->…
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