Maruti Suzuki declared a net profit of Rs 2,061.50 crore on Friday, a four-fold increase from the profit of Rs 475.30 crore in the same quarter the previous year. Sales increased by 47.91% year over year (YoY) for the quarter, reaching Rs 28,543.50 crore from Rs 19,297.80 crore in the same quarter last year. According […]

By his billionaire standards, Mark Zuckerberg is getting poorer by the day. With the firm shares falling precipitously this year, the CEO of Meta has watched his fortune shrink.  According to the Bloomberg Billionaires Index, since the beginning of 2022, Zuckerberg has lost $76.6 billion, or 61% of his wealth. This includes a $2.7 billion

According to trade figures issued by Chinese customs, India and China’s bilateral trade increased to over USD 100 billion for the second consecutive year in the first nine months of 2022, while India’s trade deficit increased to over USD 75 billion. The overall bilateral commerce increased to USD 103.63 billion during the military standoff in

On Tuesday, the saga of Bengaluru-based Byju’s layoff took a new turn. More than 170 employees of Think & Learn Private Limited raised their voices after being ordered to forcibly leave by the company management, according to a LinkedIn post shared by Technopark Today, a community network for IT professionals. The statement further stated that

The gold and jewellery market finally took off after two years of sluggishness, raising sales above and above the COVID-caused decline. Despite the impending economic uncertainty and the strong likelihood of a global recession in the next months, sales of gold and silver have just reached record levels. All India Jewelers and Goldsmith Federation (AIJGF)

The direct-to-consumer (D2C) baby care business Mother Sparsh has received an additional investment of Rs 13.50 crore from Indian conglomerate ITC Ltd. Additionally, it is in active discussions with additional investors to raise between Rs 90 and Rs 100 crore in a Series B round of funding. On Wednesday, the D2C brand said that it

Despite the company announcing a 31.3% year-over-year (YoY) increase in consolidated net profit for the September quarter, shares of Asian Paints plummeted more than 3% today. Profit was less than D-projections, Street’s which caused the stock to trade with less enthusiasm.  Compared to the September quarter of the prior fiscal year, the second quarter’s net

Today, TVS Motor Company revealed the TVS Raider equipped with SmartXonnect. The motorcycle sports modern networking technology and a segment-first 5-inch TFT cluster, among other features.  According to the manufacturer, the new TVS Raider SmartXonnect TFT model was the first motorcycle ever to be introduced in the metaverse when it was unveiled in the virtual

In the following 18 months, Bangalore-based finance startup Khatabook hopes to reach the profitability criterion. The MSME lender hopes to accomplish this by concentrating on its digital lending products and growing the number of customers who use its premium Software-as-a-Service (SaaS) services.  A commercial desktop edition of Khatabook will be released in November in keeping

On Sunday, Prime Minister Narendra Modi fulfilled a commitment made by Finance Minister Nirmala Sitharaman during the 2022–23 Union Budget by dedicating 75 digital banking units to the country. The initiative fits with the Center’s bold objective of financial inclusion. In a virtual address which was attended by Sitharaman and Reserve Bank of India (RBI)