Category: Stocks

The disconnect between order flows and execution is baffling; one should wait for performance to catch up before turning constructive One of the key growth strategies of Wipro has been its inorganic moves to acquire end-to-end capabilities in consulting, digital, cloud, and IT transformation services (Illustration by Suneesh K.) PRO Only Highlights–  Quarterly performance largely […]

The new venture capital fund, Fractal Growth Partners, was co-founded by Ajay Candade, who until recently led KKR’s growth tech business in India, and Nikhil Balaraman, who was previously head of South Asia tech investment at BII. January 16, 2023 / 07:20 AM IST A pair of former fund managers from KKR & Co. and […]

QR codes may be new to many American shoppers, but they have been popular internationally for years. (Representative Image) Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said. Last week the Cabinet cleared a Rs 2,600-crore incentive scheme for banks […]

External Affairs Minister S Jaishankar. (File image: Reuters) Sri Lanka will hold debt restructuring talks with India when External Affairs Minister S Jaishankar is expected to visit Colombo this week, President Ranil Wickremesinghe has said, as the cash-strapped country looks to carve a path out of its worst financial crisis. The crisis-hit island nation, which […]

Flybig started its operations in January 2021 with ATR 72-500 and ATR 72-600 planes. PTI January 15, 2023 / 02:29 PM IST The centre of the storm is expected to travel up Taiwan’s eastern seaboard overnight but remain out to sea. (Representative image) Regional carrier Flybig on Sunday started service from Itanagar to Guwahati. The […]

The Noida airport is being developed at Jewar near Noida in Gautam Buddha Nagar district of Uttar Pradesh and the first phase of the project is expected to be completed by September 2024. PTI January 15, 2023 / 02:48 PM IST Representative image Switzerland is part and parcel of India’s infrastructure focus, and the upcoming […]

Each day, a caravan of trucks stretches for miles along a mountain highway in Georgia, near the border with Russia. Each day, the line seems to get longer. The trucks wait for days with their cargo — car parts, industrial materials, chemicals, even the paper for tea bags — to cross the frontier on a […]

An F16 plane performs at the Dubai Airshow November 8, 2015. The biennial event will be held November 8-12. REUTERS/Ahmed Jadallah – GF20000050728 The Biden administration has told Congress it is preparing the potential $ 20 billion sale of F-16 fighter jets to Turkey, sources familiar with the matter said on Friday, sparking an immediate […]

(Representational image) The only son of property billionaire Wang Jianlin — once Asia’s richest man — was detained for attacking a person in Shanghai, according to media outlet Beijing News. Wang Sicong was one of the four people detained by police in Shanghai’s Jing’an district after beating up an individual on Wednesday for allegedly taking photos of […]

Downdetector showed more than 38,000 affected users from the United States at the peak of the disruption. (Image Courtesy: Gabby Jones/Bloomberg) Audio streaming platform Spotify was down for thousands of users on Friday, according to a Reuters report which cited outage tracking website Downdetector.com, The outage tracking website Downdetector showed more than 38,000 affected users […]

The US health regulator has pulled up drug major Sun Pharma for manufacturing lapses, including failure to follow appropriate written procedures designed to prevent microbiological contamination of drug products, at its Gujarat-based plant. In a warning letter, the US Food and Drug Administration (USFDA) pointed out various lapses at the Halol plant which produces finished […]

The S&P 500 and Nasdaq finished at their highest levels in a month on Friday, with shares of JPMorgan Chase and other banks rising following their quarterly results, which kicked off the earnings season. All three major indexes also registered strong gains for the week, leaving the S&P 500 up 4.2% so far in 2023, […]

The United States and Japan on Friday said that in association with India and Australia, they will ensure that the Quad continues to be a force for good. The two countries said this in a joint statement after the meeting between US President Joe Biden and Prime Minister Fumio Kishida of Japan at the White […]

Three other Indian banks also put money on the table for the acquisition of the Griffin Coal mine by Lanco, which went bankrupt. The loans turned bad in 2017 and ICICI Bank is learned to have fully provided for the losses in FY18. Lanco hit a wall in 2017, when lenders took over the shares […]

BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated distillery ethanol plant. PTI January 13, 2023 / 01:09 PM IST Indian Rupee BCL Industries on Friday said its board has approved a proposal to raise Rs 201 crore through issuance of warrants on a […]

India, the world’s third biggest oil importer and consumer, buys more than 84% of its oil needs from overseas and wants to quickly monetise its hydrocarbon reserves to reduce its dependence on costly imports. Reuters January 13, 2023 / 03:03 PM IST Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in […]

Delphine Arnault (left) with Bernard Arnault (Image source: AFP) When it comes to luxury, nepo babies aren’t so bad. Young, rich and surrounded by expensive toys, they exhibit the characteristics that high-end buyers aspire to. As long as they are qualified for the job, keeping the bling kids around has merit. On Wednesday, Bernard Arnault, founder, chairman and […]

A piece of software code acting as a complete contract, leaving no room for courts to intervene if things go wrong, requires us to imagine a less salubrious ending. (Representative image) Nine days after Avraham Eisenberg began to borrow curve cryptocurrency tokens on Aave, a decentralised lending platform for digital assets, he found his $ 38 million loan abruptly […]

Under this Memorandum of Understanding (MoU), L&T will become a partner for engineering, procurement, construction, installation and commissioning of the topsides for H2C’s floating process plants. PTI January 13, 2023 / 02:59 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // […]

Some State Farm employees supporting this work will transfer to HCL Tech to continue their key role in delivering technology services to State Farm, it said. PTI January 13, 2023 / 01:47 PM IST HCL Technologies HCL Technologies has been selected by State Farm, a provider of auto, home, and commercial insurance, to modernise its […]