Business Archives -

22 Aug

Adani Power Shares, led by Gautam Adani, experienced a 2.72 percent drop to Rs 676

editor0 CommentsBusinessBusiness, EXPRESS

Shares of Adani Power, led by Gautam Adani, fell by 2.72 percent to Rs 676 during intra-day deals. The drop comes amid reports that the company's promoters may offload a 5% stake via a block deal, though Adani Group has not confirmed the news. . Adani Power shares were trading at Rs 680.45, down 2.09% from their previous close of Rs 694.95 on the BSE. The stock is currently 24% lower than its 52-week high of Rs 896.75 on June 3, 2024. Around 1.03 lakh equity shares worth nearly Rs 7.11 crore have been exchanged on the BSE today. Tata…

16 Jul

The price of grain is increasing again, buyers are demanding

Banasree Sarkar0 CommentsBusinessBusiness

The task force has been raiding markets in various districts of West Bengal, including Kolkata, since the Chief Minister's order. But with the demand of a large part of the buyers, the campaign is fertilizer! The price of raw grains has not changed. During the campaign, the price decreased a little, but later it increased again. According to the task force, the price of vegetables is under control in the New Market of Kolkata. But in some cases, buyers in foreign markets are being charged higher prices. A few vendors are selling Sri Lanka at double the price. Onion and…

24 Feb

MG Comet EV Drive reached Guwahati, showcasing its dedication to sustainability and efficiency

Business Bureau0 CommentsBusinessBusiness

MG (Morris Garages), a British automobile brand with a 100-year-old legacy, reiterates its commitment towards faster adoption of Green Mobility in India with MG Comet EV. After covering more than 19 states, Smart and Sustainable MG Comet EV Drive reached Guwahati. The objective of the drive is to create awareness around EVs - a sustainable, practical, and economical mobility solution for cities like Guwahati. MG Motor India has launched Comet, a Smart EV, as a practical solution for urban mobility in India. The EV, designed with futuristic and user-friendly technologies, is easy to drive, maneuver, and park in congested areas.…

29 Jan

Louis Vuitton owner just surpassed Elon Musk to become World’s richest person

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness, International

Moet Hennessy Louis Vuitton (LVMH) chairman and CEO Bernard Arnold has overtaken Elon Musk to become the world's richest man. According to Forbes, the French billionaire and his family's net worth increased by $23.6 billion to $207.6 billion. On Friday, Mr. Arnault's net worth exceeded the Tesla CEO's $204.7 billion net worth, which fell 13 percent with Mr. Musk losing more than $18 billion, the report added. The two billionaires have been engaged in a tug-of-war of wealth since 2022, with Mr Arnault said to have taken the top spot later that year. The report revealed that the market capitalization…

27 Jan

Ola founder’s Krutrim becomes first AI unicorn startup

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Krutrim, a homegrown AI company of Ola's Bhavish Agarwal, on Friday announced that it has successfully closed its first funding round with a significant $50 million investment. Led by key investors including Matrix Partners India, the round valued Krutrim at $1 billion, making it India's fastest unicorn and the country's first AI unicorn. On the announcement, Agarwal said, "At Krutrim, we are committed to building India's first complete AI computing stack. We are thrilled to announce the successful completion of our first funding round, which not only validates the potential of Krutrim's innovative AI solutions but also underscores investors' confidence…

25 Jan

Microsoft’s market cap crosses $3 trillion

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Microsoft joined Apple as a three-trillion-dollar company on Wednesday, as its big bet on artificial intelligence continues to sway Wall Street.Now the world's second-largest company by market capitalization, Microsoft's shares rose 1.31 percent to $404.Apple ranks first at $3.02 trillion after reaching the $3 trillion market capitalization mark for the first time in January 2022. But it has fallen short of the milestone, even briefly losing its pole position as the largest company in the market when Microsoft briefly overtook the iPhone maker earlier this month. Microsoft is riding the wave of excitement over AI more than any other tech…

24 Jan

Zomato-backed Cure.fit sacks 120-150 employees: Report

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Health and wellness platform Cult.fit (formerly Cure.fit) has laid off about 150 employees. This is the first layoff at the Bengaluru-based firm in three-and-a-half years. According to sources, the layoffs have affected employees across the department. "130-150 senior to mid-level employees were affected in the exercise," said a source requesting anonymity. Sources stressed that the layoffs are mainly to increase runways and cut costs. However, the company has denied any such reasons. A company spokeswoman said in a statement that it had "reduced some redundant positions to streamline operations." The move is part of a "regular annual operating planning process."…

23 Jan

H&M faces backlash for allegedly sexualizing children in new Ad

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Swedish fashion giant H&M has taken out an ad for school clothes that critics said ‘sexualized young girls’, the company said on Tuesday. "Turn those heads in H&M's back to school fashion", the campaign, launched in Australia, features two young women in school uniforms. Social media users slammed the company for the ad, which was later withdrawn. “We have removed this ad. We deeply regret this offense and we are looking at how we handle the campaign moving forward," a company spokesperson told AFP. Melinda Tankardrist, a writer, asked the company about its intentions behind the ad. "What's your point…

22 Jan

Amazon stops selling prasad of Ayodhya Ram Mandir

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Amazon on Saturday said it has removed sweets sold as "Shri Ram Mandir Ayodhya Prasad", a day after receiving a notice from the Central Consumer Protection Authority (CCPA) for selling misleading products. Amazon acknowledged it had received a communication from the CCPA about misleading product claims by certain sellers and said it was "investigating them for violations." "In the interim, we are taking appropriate action against such listings by our policies," an Amazon spokesperson said in a statement. CCPA has issued a notice to Amazon for selling sweets called 'Shri Ram Mandir Ayodhya Prasad'. The action was initiated by the…

20 Jan

Elon Musk’s Starlink has knocked on India’s door: Report

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness

Elon Musk's Starlink will soon offer space-based broadband services in India, as the company is likely to get approval from the Indian government 'in the next few days' as early as next week, reports have revealed. The Department for Promotion of Industry and Internal Trade (DPIIT) sought a clarification from Starlink on the shareholding pattern, which was subsequently provided, paving the way for the government's approval, the report added. "Starlink has responded, and within the next few days or by the end of this month, the Department of Telecommunications (DoT) may issue a Letter of Intent (LoI)," ET Telecom quoted…