World Economic Forum 2025 Day 4 highlights
U.S. President Donald Trump, addressing the World Economic Forum in Davos, Switzerland, via video link on Thursday, accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, but offered no evidence or specifics of any wrongdoing. “I hope you start opening your bank
Business journey observability platform VuNet Systems raises ₹60 crore in Series B round
From left – Bharat Joshi, Jithesh Kaveetil and Ashwin Ramachandran | Photo Credit: Special Arrangement VuNet Systems, a provider of AI-based Business Journey Observability, said it has raised ₹60 crore in a Series B funding round to accelerate global expansion and strengthen product innovation. The round was led by Pravega
U.S. sanctions hit Russian oil supply to India; BPCL says supplies may be impacted
Russian oil made up for 34-35% of all oil that BPCL processed at the start of the current financial year in April 2024 | Photo Credit: Reuters The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned
Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks
A view of the BSE building in Mumbai | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets. In
UltraTech Cement Q3 PAT down 17% to ₹1,474 crore, sales volume up 10% YoY
UltraTech Cement Ltd, an Aditya Birla Group company, for the third quarter ended December 31 reported a 17% decline in consolidated net profit to ₹1,474 crore as compared with ₹1,775 crore a year earlier. Revenue from operations grew marginally by 2.7% to Rs 17,193 crore from Rs 16,740 crore in the same period last year. During the quarter,
Rupee rises 18 paise to 86.26 against U.S. dollar in early trade
On January 23, 2025, Rupee declined nine paise to settle at 86.44 against the U.S. dollar. File | Photo Credit: The Hindu Rupee appreciated 18 paise to 86.26 against the U.S. dollar in morning trade on Friday (January 24, 2025), supported by positive domestic equities and soft American currency index.
Sale of profit-making FSNL to Japanese company anti-national: CITU
Tapan Sen, former MP and CITU general secretary. | Photo Credit: RAO GN Left-leaning Centre of Indian Trade Unions (CITU) has questioned the Union government’s decision to sell public sector firm Ferro Scrap Nigam Limited (FSNL) to a Japanese corporation. A subsidiary of MSTC Limited, the FSNL had recently made
Dr. Agarwal’s ₹3,062 crore IPO to hit market Jan. 29
Ahead of its ₹3,062 crore Initial Public Offering (IPO) launch, the management of Chennai headquartered Dr. Agarwal’s Health Care Limited said there has been a phenomenal growth in the eye-care market in India. The IPO includes a ₹300 crore primary raise, with the balance ₹2,762 crore from a secondary sale
NTPC Green Energy Q3 profit grows 18% to ₹66 crore
Image for representative purposes only | Photo Credit: Special arrangement NTPC Green Energy Ltd (NGEL) on Saturday (January 25, 2025) reported an 18% rise in consolidated net profit at ₹65.61 crore for the December quarter FY25, on account of higher income. It had logged ₹55.61 crore net profit in the
Customers get a glimpse of the new compact SUV Kia Syros
Launch of Kia Syros in Chennai on January 25, 2025. | Photo Credit: R. Ravindran From panoramic sunroof to wireless charging, stolen vehicle tracking to front ventilated seats, customers in Chennai were given a glimpse of what Kia promises to offer in its new compact SUV, the Syros. R. Arunkumar,