August 10, 2022

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Net Loss Of Rs. 399 Crore For Delhivery In Q1

Net Loss Of Rs. 399 Crore For Delhivery In Q1

Delhivery recorded a net loss of Rs 399 crore for the quarter ending June 30. This was a record low for the firm, which was twice the loss it had recorded during the same period in the previous fiscal. Delhivery recorded a net loss of Rs 399 crore for the quarter ending June 30. This ...
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85 Per Cent Surge In Net Profit For Vishal Fabrics

85 Per Cent Surge In Net Profit For Vishal Fabrics

On Monday, Vishal Fabrics Ltd recorded a surge of 85 per cent in its net profit by reaching Rs. 18.95 crore for the first quarter. The denim manufacturer recorded a net profit of Rs 10.24 crore during the same quarter in the previous fiscal. There was an increase of 49.90 per cent in the revenue ...
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Google Back Up After Brief Global Outage

Google Back Up After Brief Global Outage

Google Outage Today: At the peak of outage, more than 30,000 user reports had indicated issues with Google in the United States alone Alphabet Inc’s Google services appeared to be back up after facing a brief global disruption on late Monday, according to outage tracking website Downdetector.com....
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FBI conducting Search Of Mar-a-Lago Estate: Trump

FBI conducting Search Of Mar-a-Lago Estate: Trump

Former US President Donald Trump on Monday said the FBI was conducting a search of his Mar-a-Lago estate and their agents had broken open his safe, asserting that such an assault would only take place in broken, third-world countries. The 45th US President released a lengthy statement, where he declared...
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Lok Sabha Passes Bill To Promote Use Of Green Energy

Lok Sabha Passes Bill To Promote Use Of Green Energy

These provisions will make India an attractive destination for renewable energy investment. Among other provisions, it provides for penalties for violations by industrial units or vessels as well as on manufacturers if a vehicle fails to comply with fuel consumption norms. Making a case for the Energy C...
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DOMS: From OEM Contractor To A Celebrated Brand

DOMS: From OEM Contractor To A Celebrated Brand

1. Tell us about your journey over the past 20 years, as DOMS has been one of the major players in the Indian stationery market. DOMS’s entire journey has been remarkable. When the founders Late Rasiklal Raveshia and Late Mansukhlal Rajani laid the foundations of DOMS in 1974 they began as OEM manufactu...
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Crypto Lender Hodlnaut Suspends Withdrawals

Crypto Lender Hodlnaut Suspends Withdrawals

Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry. The crypto lender also said it would withdraw its application for a license from the Monetary Authority of...
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US Chip And Carmaker CEOs Meet Ahead Of Biden Signing

US Chip And Carmaker CEOs Meet Ahead Of Biden Signing

The heads of chipmakers GlobalFoundries and Applied Materials and carmakers Ford Motor and General Motors Co were to meet at a closed-door summit with US government officials on Monday to discuss administration plans to invest in semiconductors. On Tuesday, President Joe Biden will sign legislation to s...
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Sebi Keeps BIBA Fashion IPO In “Abeyance”

Sebi Keeps BIBA Fashion IPO In “Abeyance”

The Securities and Exchange Board of India (Sebi) has kept in “abeyance” Biba Fashion’s proposed initial share sale. Backed by Warburg Pincus and Faering Capital, the ethnic wear stalwart had filed its preliminary papers with the capital markets regulator Sebi on April 12 to raise funds thro...
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MDI Board Names Rajnish Kumar As Its New Chairman

MDI Board Names Rajnish Kumar As Its New Chairman

Management Development Institute Society on Monday announced the appointment of former Chairman of State Bank of India (SBI) Rajnish Kumar as the new chairman of the board of governors. Kumar was a Member of the Board of Governors of MDI from 01 March 2019 and succeeds Interim Chairman T.V. Mohandas Pai...
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TWTW Weekly Wrap Up: 1-6 August

TWTW Weekly Wrap Up: 1-6 August

Tech News Of The Week :  • On Wednesday, Ashwini Vaishnaw, the Union Minister of Information and Technology, withdrew the Personal Data Protection Bill, 2019 • Over Rs 1.5 lakh crore was paid for 51,236 MHz of spectrum at the end of the 5G spectrum auctions. The major mid-band and high band were heavily...
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At Ford, Quality Is Now Problem 1

At Ford, Quality Is Now Problem 1

Josh Halliburton joined Ford Motor Co. in January to help improve its shaky quality record. Within months it was clear how big a challenge he faced. In May, the auto giant recalled some Ford Expeditions and Lincoln Navigators after reports of fires while vehicles were parked. In June, it recalled roughl...
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