Battery maker Samsung SDI suffers loss in Q4 on EV slowdown
Seoul, Jan 24 (IANS) Samsung SDI, a South Korean battery maker, said on Friday it swung to a net loss in the fourth quarter from a year earlier due to a slowdown in electric vehicle (EV) sales. In the three months ended on December 31, Samsung SDI shifted to a net loss of 242.7 billion […]
Indian stock market opens higher, IT sector shows promise post Q3 earnings
Mumbai, Jan 24 (IANS) Indian benchmark indices opened higher on Friday, extending gains to day three this week, as Nifty Bank, auto, FMCG and IT sectors led the morning trade. In early trade, Nifty rose 0.31 per cent to 23,277, while the 30-stock Sensex advanced 0.31 per cent to 76,765. Seven out of the 12 […]
Tata Electronics acquires 60 pc stake in Pegatron India to boost local iPhone production
Mumbai, Jan 24 (IANS) In a fillip to the government’s ‘Make in India’ initiative, Tata Electronics on Friday acquired a controlling 60 per cent stake in Pegatron Technology India, which produces Apple products like iPhones. The acquisition boosts the company’s position as a major player in India’s electronics manufacturing industry. This follows Tata Electronics’ acquisition […]
Your resolution to stay healthy in 2025 may take about 2 months to form
New Delhi, Jan 24 (IANS) Struggling to stay afloat on your New Year’s resolution 2025 to follow healthy habits? It may take about two months to form, and almost a year to establish, according to a study on Friday. The study, led by researchers from the University of South Australia, challenges previously assumptions that healthy […]
Stock market ends lower as global optimism fails to lift investors’ mood
Mumbai, Jan 24 (IANS) Indian stock markets remained volatile on Friday as selling pressure at higher levels weighed on benchmark indices. At the closing bell, the BSE Sensex was at 76,190.46, down 329.92 points or 0.49 per cent, while the Nifty 50 slipped 113.15 points or 0.49 per cent to finish the day at 23,092.2. […]
India records 39 per cent surge in investments to Rs 32 lakh crore in 9 months of FY 25
New Delhi, Jan 24 (IANS) India has recorded a robust 39 per cent surge to Rs 32 lakh crore in domestic investments announced by public and private sector companies during the first nine months (April-Dec) of the current financial year (FY25), compared to the corresponding figure of Rs 23 lakh crore for the same period […]
No new ED notice, clarifies Paytm as shares drop
Mumbai, Jan 24 (IANS) Financial services major Paytm on Friday said it has not received any new notice from the Enforcement Directorate (ED) related to an ongoing investigation into a cryptocurrency scam. In a filing, the company responded to emails send by the stock exchanges, saying the case dates back to September 2022 and is […]
Reports on projects in Sri Lanka being cancelled false and misleading: Adani Group
Ahmedabad, Jan 24 (IANS) The Adani Group on Friday categorically denied reports claiming that Adani’s 484 MW wind power projects in Mannar and Pooneryn in Sri Lanka have been cancelled. Terming such reports as “false and misleading”, a company spokesperson said the Group remains committed to investing $1 billion in Sri Lanka’s green energy sector. […]
JSW Steel’s net profit plunges 70 per cent to Rs 717 crore in Oct-Dec quarter
Mumbai, Jan 24 (IANS) Sajjan Jindal-led JSW Steel on Friday reported a 70 per cent year-on-year decline in net profit to Rs 717 crore for the October-December quarter of the current financial year, compared to the corresponding figure of Rs 2,450 crore for the same quarter of the previous financial year. The steel major’s revenue […]
Godrej Consumer logs 14 pc profit drop in Q3, declares interim dividend
Mumbai, Jan 24 (IANS) Godrej Consumer Products Limited (GCPL) on Friday reported a net profit of Rs 498.31 crore for the October-December period (Q3) of FY25, a 14 per cent decline compared to Rs 581.06 crore in the same period last year. The company’s revenue from operations grew by nearly 3 per cent, reaching Rs […]
