Two- and three-wheeler maker Bajaj Auto on Wednesday reported 23% rise in standalone net profit at Rs 1,491 crore for the quarter ended December 31, 2022. It reported net profit…
Category: Companies
Adani Group says it is ‘shocked’ at Hindenburg report; says it’s an attempt to damage upcoming FPO
Adani Group Chief Financial Officer Jugeshinder Singh, in a statement on behalf of the conglomerate, said that the Hindenburg Research report, that alleged that the company engaged in stock manipulation…
Samsung bets big on affordability, new 5G phones available at an price of Rs 44 per day
As India rolls out the 5G network at a blazing speed, smartphone manufacturers too are matching the pace by introducing 5G value-for-money mobile phones. Korean technology giant Samsung, for whom…
Adani Group engaged in stock manipulation, accounting fraud over decades: Hindenburg report
Investment research firm with a focus on activist short-selling, Hindenburg Research, has published a damning report on the Adani Group. The report is based on their findings of a two-year…
What is driving growth for pharma major Eris Lifesciences?
Eris Lifesciences’s gradual expansion of derma portfolio through inorganic growth and outperformance in core cardio metabolic market is keeping analysts upbeat about the company’s growth in the coming years. In…
India’s first legal and insolvency financing NBFC takes form
LegalPay, which is the country’s leading legal and insolvency financing start-up, has tied up with Surat-based solar manufacturing business house Goldi Solar to launch Padmalaya Finserve, a non-banking financial company…
Walmart to raise minimum wage for U.S. hourly workers to $14
Walmart Inc on Tuesday said it will raise average hourly wages for its U.S. store workers starting next month, as it seeks to attract and retain employees in a tight…
Amazon deepens healthcare push with $5 monthly subscription
Amazon.com Inc said on Tuesday it is offering a $5 monthly subscription plan for U.S. Prime members that will cover a range of generic drugs and their doorstep delivery, furthering…
‘Work for money and move on’: Google, Microsoft, Amazon layoffs leave behind disillusioned employees
Google, Amazon, Microsoft, and Meta were once counted among the safest places to work, but not anymore. Alphabet’s Google just carried out the biggest layoffs in its history and Microsoft…
Microsoft’s cloud business keeps profits flowing; revenue up 52%
Microsoft Corp posted results on Tuesday that showed some strength in the face of a weak economy, buttressed by a cloud business that hit Wall Street targets for the end…