Business News

A Delhi consumer forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him bill even after his...

From Rishikesh to Varanasi to Mumbai, India’s leading mobile payments and financial services company Paytm, is transforming businesses with the convenience and security of mobile payments, serving as a catalyst for financial inclusion. The innovative Paytm-pioneered QR code has empowered millions of people across the length and breadth of India with its reach and adoption.

New Delhi, May 24 (PTI) Shares of Biocon climbed nearly 8 per cent on Wednesday after the biotechnology major's consolidated net profit increased 31 per cent for the March quarter. The stock gained 7.12 per cent to Rs 259.50 on the BSE. At the NSE, it rallied 7.61 per cent to Rs 260.60.

Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 per cent of its workforce, as it plans separate IPOs for its various business groups.

AI-powered software platform Builder.ai on Tuesday announced it has raised over $250 million in its Series D funding led by Qatar Investment Authority (QIA).

₹2,000 note withdrawal sparks mini gold rush, cash payments at petrol pumps and more...

WeWork India said on Monday that it has appointed Manoj Kohli, former country head of SoftBank India and SoftBank Group International, as an independent director to its board. Additionally, Anthony Yazbeck, president & chief operating officer of WeWork, will also join the board.“I am optimistic about the potential of the flexible workspace industry in India, and believe that WeWork India is poised to play a significant role in this growth story. I am excited to join WeWork India at this pivotal point and leverage my expertise in managing and scaling up businesses,” said Kohli.

Following consecutive quarters of standout financial results, many expected Singapore Airlines (SIA) to turn in a dazzling set of numbers last week when it announced its full-year results. Singapore's national carrier did not disappoint as it reported the highest annual profit in its 76-year history.

The tottering Indian aviation sector hit fresh turbulence when early this month, another flourishing private airline was suddenly grounded owing to various problems, making it the 11th in a decade to �fall from the skies.

Encouraged by volume growth, margin improvement and recovery in rural sales, India's top fast-moving consumer goods (FMCG) companies are now back to their normal growth cycle as they step up investments as well as spending on advertising and marketing.

Robert E Lucas, Nobel Laureate revolutionized the approach to macroeconomics and smashed Keynesian school of ...

After Paytm Soundbox, QR Code, and Wallet, India’s leading payments and financial services company, Paytm, has taken mobile ...

In a determined pursuit of a fair resolution, education technology giant BYJU'S finds itself pushing back against "unrealistic and unacceptable terms" made by its US lenders of Term Loan B (TLB) during the ongoing renegotiation of their contract.

The standalone net profit plunged 77.5 per cent year-on-year to Rs 603 crore in the fourth quarter (Q4) against the net profit of Rs 2,683 crore in the year-ago period.

In addition to raw material inflation, the ability of quick service restaurants' ability to increase prices during the same period were also low as Indians cut back on their discretionary spending. While Q4 is a seasonally weak quarter for QSRs due to the effect of festivals like Navratri and Ramadan – when people undertake fasting, the consumer sentiment is also weak, say analysts.

Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended Mar...

​Ethnic apparel brand Manyavar’s stock under pressure as promoter to offload stake ​...

India's e-tailing or electronic retailing, grew 22% in FY23 to $60 billion in gross merchandise value (GMV). The growth rate is a tad slower compared to the pandemic years — which saw growth of 36% each in FY22 and FY21, says a report by Redseer Strategy Consultants. This robust growth is driven by highly relevant and affordable supply on e-tailing platforms and standardised experience.

Trillion Dollar Club: There are now 8 cos that generate ₹1 lakh cr quarterly revenues...

The Director and Head of Partnerships posted a message of his resignation on Tuesday. He also said he would assist with the transition over the next few weeks.

Even as the number of HNIs and billionaires in India grew in 2022 from the year before, UHNIs dipped by 7.5%, tracking the global trend. In 2022, the global UHNI population fell by 3.8%, after it registered a record breaking growth of 9.3% in 2021. This is due to the strong economic rebound in 2021 and its quick reversal in 2022. The total wealth held by UHNIs also fell by 10% in 2022.

New Delhi, May 17 (PTI) Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore in the March quarter, impacted by higher expenses and raw materials cost. Consolidated revenue from operations in the fourth quarter was at Rs 1,269.85 crore as against Rs 1,175.97 crore in the year-ago period, it added.Total expenses were higher at Rs 1,205.15 crore as compared with Rs 1,038.27 crore in the corresponding period a year ago, the company said.