Chandrasekaran said, “Whenever there is a violation of ethical conduct by any employee, it pains us. It pains me and all the leaders very deeply. And we take it extremely seriously. We deal with it very strongly.” Tata Sons Ltd chairman, N Chandrasekaran, expressed deep concern over the recent discovery … Read more
Category: Business and Finance
Paytm partners with Shriram Finance to strengthen its loan distribution biz
Paytm offers its platform for Shriram Finance for digital credit for merchant loans and consumer loans. One97 Communications Limited (OCL), which owns the brand Paytm, on Friday announced a partnership with NBFC Shriram Finance Limited to offer financial services to its users, including loan products. Through this partnership, Shriram Finance’s … Read more
UK regulator may refer Adobe’s $20 billion Figma deal to deeper probe
Adobe has five working days to submit proposals to address the regulator’s concerns, CMA added. Britain’s competition regulator on Friday said Photoshop owner Adobe Inc’s $20 billion buyout of cloud-based designer platform Figma could “reduce innovation” and may be referred to a deeper investigation. The Competition and Markets Authority (CMA) … Read more
BlackBerry reports surprise profit on cybersecurity strength
The Canadian technology company is banking on resilient demand for its cybersecurity products on rising security threats in the information technology sector BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction … Read more
Apple stock hits record, on cusp of $3 trillion market value
The stock is now trading at about 29 times expected earnings, its highest multiple since February 2022, according to Refinitiv data Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone maker’s stock rose 0.6% to end … Read more
BPCL unveils Rs 49,000 cr petrochemical, capacity expansion project at MP’s Bina refinery
One of the main components of the expansion projects is the Ethylene Cracker Project which will drive the production of essential petrochemicals. Bharat Petroleum (BPCL) on Wednesday announced Rs 49,000 crore petrochemical and capacity expansion project at its Bina Refinery. One of the main components of the expansion projects is … Read more
Lordstown Motors files for bankruptcy, sues Foxconn
Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s bankruptcy is not the first among the crop of EV startups that went public during the pandemic-era SPAC boom. But Lordstown was a high-profile member of that class because it was challenging the core of the legacy Detroit … Read more
Tata Nexon EV crosses 50,000 sales mark, covers 90 crore km distance in over 3 years
The Nexon EV is currently available in over 500 cities across India and has covered a distance of over 900 million kilometers Tata Motors has announced that its popular electric vehicle (EV), the Nexon EV, has achieved a significant milestone by surpassing the 50,000 sales mark. Since its launch in … Read more
Bank holidays July 2023: Banks to remain closed on 15 days THIS month; check details here
Bank holidays in July: As per the Reserve Bank of India’s (RBI) list of holidays, 8 holidays are state-specific holidays for different festivals across different states and others are weekend holidays. Public and private sector banks will remain shut for 15 days in July this year. In addition to weekends, … Read more
HDFC says effective date of July 1 for merger with HDFC Bank is ‘ tentative’
The housing finance firm said the dates for merger with HDFC Bank and record date are ‘subject to the completion of certain formalities’ Housing Development Finance Corporation Ltd on Tuesday clarified that the effective dates of July 1 for its merger with HDFC Bank Ltd and July 13 as record date are … Read more