Homegrown microblogging platform Koo may have had some 30 million downloads in the last two years since its launch and offering services in nine regional languages, but it lacks the vibrancy of Twitter when it comes to debates on current affairs. The platform, which came to light a year ago when the Union government was […]
By Shubhangi Shah The department of telecommunications is set to come up with a mechanism that will enable the name of the caller to flash on the receiver’s mobile phone even if the number isn’t saved in the user’s contact list. Currently, we all use caller ID apps, such as Truecaller, for the same. However, […]
JSW Steel’s consolidated net profit declined over 20% on a year-on-year basis to Rs 3,343 crore, missing the Street’s estimates of Rs 4,558.20 crore for the quarter ended March 31, 2022, due to an exceptional item of Rs 741 crore primarily towards impairment in its US subsidiary. “A subsidiary in USA received a final arbitration […]
India’s non-alcoholic beverages market is expected to grow to Rs 1.47 trillion by 2030 at a compound annual growth rate (CAGR) of 8.7%, from around Rs 67,100 crore in 2019, the Indian Council for Research on International Economic Relations (Icrier) said in a detailed analysis. Carbonated soft drinks (CSDs), ready-to-drink teas (RTDs), energy drinks, and […]
Hindalco Industries beat analyst estimates on all fronts as its consolidated net profit doubled to a record Rs 3,851 crore for the quarter ended March 31. The earnings were driven by a strong performance in the India business, supported by favourable macros, strategic product mix and an improved performance by the downstream business. The company’s […]
The Centre on Thursday called off the process for the strategic disinvestment of BPCL and said the expressions of interest (EoIs) received in this connection “shall stand cancelled.” The plan to sell its entire 52.98% stake in the fuel retailer-cum-refiner had hit dead-end as potential investors have turned more sceptical of “the lack of pricing […]
Real estate developers and other entities are back to buying land parcels, with 28 separate land deals transacted in just the first five months of 2022, cumulatively accounting for over 1,237 acres across the country. This has doubled in the last one year, as the January-June period of 2021 saw just 14 land deals for […]
Piramal Enterprises (PEL) has posted a consolidated net profit of Rs 151 crore for the quarter ended March 31, compared with a net loss of Rs 510 crore recorded during the same period a year ago. The diversified group with presence in financial services and pharmaceuticals had a tax impact Rs 218 crore in the […]
A higher tax slab for online gaming will not only lead to proliferation of a parallel black market but also act as a major barrier when it comes to attracting foreign direct investment (FDI), say industry experts. The reaction comes days after an empowered group of ministers (GoM) — set up to look into taxation […]
nterGlobe Aviation, which operates no-frills carrier IndiGo, on Wednesday reported a bigger net loss of Rs 1,681 crore for the three months to March, higher by nearly 47% than the loss incurred by the airline in Q4FY21. The carrier was hit by elevated fuel costs, a weaker rupee and the Omicron wave. While fuel costs […]