LiveByju’s Posts Losses of Rs 4,500 Crore in FY21
On Wednesday, Byju’s reported it had earned Rs 2,428 crore in revenues in the financial year 2020-21 and incurred a loss of Rs 4,500 crore....
Category : BUSINESS
Wells Fargo Arrive at $94 Million Settlement over Mortgage Forbearance during Pandemic
Wells Fargo & Co has arrived at a USD 94 million settlement for resolving class-action claims it sent to more than 200,000 struggling mortgage borrowers...
Following Q3 Profit Warning From Manufacturer Of Warehouse Equipment, Kion Group Declines
The German manufacturer of warehousing equipment Kion Group AG (ETR:KGX) warned that it would suffer a sizable loss for the third quarter, causing its stock...
SoftBank Considers Launching Third Vision Fund
Japanese multinational conglomerate SoftBank Group Corp is planning a third Vision Fund, probably using its capital. In the upcoming months, it will decide on the...
KPI Green Energy Inks an Agreement to Supply Green Power to 6 Companies
On Wednesday, KPI Green Energy announced that the company inked a deal of power purchase to supply a total of 15.88 MW Wind-Solar hybrid power...
Zara Owner Inditex Plans Autumn Price Hikes as Profit Increases
On Wednesday, fashion brand Zara’s owner Inditex (BME:ITX) stated that it plans to hike prices again this autumn since it is trying to offset skyrocketing...
ICICI Prudential Mutual Fund Launches Nifty50 Equal Weight Index Fund
ICICI Prudential Mutual Fund has launched the ICICI Prudential Nifty50 Equal Weight Index Fund. The program will invest in constituents of the Nifty50 Equal Weight...
Airtel and IBM Join Forces to Bring Secure Edge Cloud Services to Indian Businesses
IBM and Bharti Airtel, India’s leading communications solutions provider with more than 358 million users, announced their intention to collaborate to deploy Airtel’s edge computing...
KEC International Surges After Securing Orders Worth Rs 1,100 Crore
Shares of KEC International rose on September 14 after the company said it had secured new orders worth Rs 1,108 crore in various businesses. RPG...
Indian Telecom Association Demands Converged Law for Digital Services
The Cellular Operators Association of India (COAI) has demanded a law that addresses the want for “convergence” of various digital services. It would include telecommunication...