LG Electronics and CJ Logistics will enter the next-generation logistics robot market. LG Electronics said it will sign an MOU agreement with CJ Logistics to jointly develop logistics robots at CJ’s TES Innovation Center in Dongtan, Gyeonggi-do on the 15th with Kim Kyung-hoon, head of TES Logistics Technology Institute, and Jang Ik-hwan, head […]
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Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal
Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on Tuesday. However, the overall profitability of NBFCs […]
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Jio gave a shock to the users! Recharge plans up to 20% costlier
India’s leading telecom company Reliance Jio recently disappointed the users by increasing the prices of its prepaid plans. After that, now again Jio has given a big blow to its customers. The company has increased its tariff by 20 percent. Let us tell you that the company has now reduced […]
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TotalEnergies to acquire 25 pc in Adani Group’s green hydrogen producing venture
Adani, India’s fastest growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. According to a statement issued by the Adani Group, in this strategic alliance, TotalEnergies will acquire a 25 per cent minority interest […]
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Rupee hits a new record low of 77.81 against US dollar
The Indian rupee slumped to a new record low of 77.81 against the US dollar on Thursday on persistent selling by foreign institutional investors in the equities markets amid a surge in crude oil prices and rising inflationary pressure. At the interbank foreign exchange market, the partially convertible rupee slumped […]
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RBI likely to hike policy interest rates; raise inflation forecast today
The Reserve Bank of India (RBI) is likely to hike the policy repo rate by 40 basis points to 4.80 percent on Wednesday and increase the inflation forecast for the current fiscal to above 6 percent from its earlier projection of 5.7 percent, according to market analysts and economists. The […]
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MS Dhoni becomes shareholder in Indian Garuda Drone Company
Former Indian skipper Mahendra Singh Dhoni has become the shareholder of the Indian drone company Garuda Aerospace. MS Dhoni has decided to invest in a company that makes Drones and supports the Agriculture ecosystem in the country. Leaving cricket aside, Dhoni has stepped into his next career. After retirement, Dhoni has been involved […]
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Adani Group to invest Rs 70,000 crore in Uttar Pradesh
Adani Group Chairman Gautam Adani said on Friday his group companies would invest Rs 70,000 crore in Uttar Pradesh that would help create around 30,000 jobs in the state. Addressing Uttar Pradesh Investors Summit 2022, Adani said, “We are investing over Rs 70,000 crore in the state. We anticipate this […]
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Cipla adds capacity of captive renewable energy power plant in Maharashtra, Karnataka
Cipla Limited on Thursday announced the commercial operation of additional capacity of a captive renewable energy power plant in Maharashtra and Karnataka. The company had commissioned 30 MWp solar project in Maharashtra’s Tuljapur in January 2021, which it has further added 16 MWp of solar capacity for supplying renewable energy […]
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Former CEO Jack Dorsey steps down from Twitter board
Former Chief Executive Officer Jack Dorsey has stepped down from the Twitter board of directors. The announcement came on Wednesday –the same day that Twitter held its annual shareholder meeting, TechCrunch reported. Dorsey’s exit from the Twitter board marks his full exit from the microblogging site. The plan for Dorsey […]
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China may benefit from Elon Musk’s Twitter ownership: Reports
With Tesla CEO Elon Musk’s deal to buy Twitter on hold, Amazon owner Jeff Bezos wondered whether Musk’s ownership of Twitter might benefit China at democracy’s expense. China has banned Twitter since 2009. However, many Chinese citizens have been using proxy servers to escape from the autocratic regime of the […]
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Tesla is on my mind 24/7, says Elon Musk to his worried investors
Tesla CEO Elon Musk on Thursday said that “Tesla is on my mind 24/7,” in an attempt to calm down the investors worried about him being distracted by the Twitter deal that has impacted the stocks of his Tesla car company. While sharing a meme on his Twitter handle he stressed “So may […]
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Jack Ma’s firms exit Paytm Mall, plunging its value to under $13M
Chinese billionaire Jack Ma-led Alibaba and Ant Financials have sold their stake in Paytm E-Commerce Pvt. Ltd. back to the company for a total of Rs 42 crore, giving the company a total valuation of under Rs 100 crore or under $13 million. In its last round of funding in […]
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LIC makes stock market debut at 9 percent discount
Life Insurance Corporation of India on Tuesday made stock market debut at Rs 865 per share, which is around 9 per cent lower than the issue price of Rs 949 a piece. At the BSE trading in LIC shares started at Rs 867.20. At 11.12 am, the scrip was trading […]
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Saudi Aramco goes past Apple Inc to become world’s most valuable company
Oil magnate Saudi Aramco on Thursday overtook Apple Inc, to become the world’s most valuable company due to the recent surge in oil prices. Aramco is now worth about USD 2.43 trillion, compared with Apple’s USD 2.37 trillion, CNN reported citing data from Refinitiv. Market capitalizations fluctuate frequently as earlier […]