BUSINESS
Ola reports consolidated revenue of Rs 1,970 crore; losses mount to Rs 1,522 crore
The company reported a consolidated loss of Rs 1,522.3 crore in FY22, up by around 36.3 percent YoY mainly on account of rise in its overall expenses
BUSINESS
Suzlon to raise Rs 2,000 crore via QIP; floor price set at Rs 18.44 per share
The company may offer a discount of not more than 5 percent on the floor price calculated for the issue
BUSINESS
Personal data misuse: Exemptions to startups only for making compliance easier, says Ashwini Vaishnaw
The Digital Personal Data Protection Bill was passed by the Rajya Sabha on August 9, and is awaiting President's assent to be enacted into law
BUSINESS
RTX faces lawsuit in US court over glitch-hit GTF engines, investors say they were misled
The complainants have alleged that RTX made "materially false and misleading statements", and "failed to disclose to investors" that its engines had been affected from at least 2015
BUSINESS
Downgrades outpace upgrades over the past month as Q1 earnings throw up nasty surprises
According to the data from Moneycontrol's July analyst call tracker, several companies have seen significant downgrades by brokerages over the past month
BUSINESS
Axis Bank approves Rs 1,612 crore infusion in Max Life through preferential allotment
The Bank will now enter into a Share Subscription Agreement with Max Life for proposed acquisition through subscription to the Preferential Issue of 14,25,79,161 fully paid-up equity shares
BUSINESS
Sebi reduces timeline for listing shares to T+3 from T+6; mandatory from December 1
The Sebi circular dated August 9 specified the revised timelines for listing of specified securities and various activities involved in the public issue
BUSINESS
Commercial unit allottees get Rs 24 lakh as ‘delay interest’ after recovery certificate issued by UPRERA
The project is located in Noida Sector 18 and is being developed by the promoter Wave One Private Ltd.
TRENDS
Today in AI: Apple Music has a new 'Discovery Station', OpenAI will allow websites to block its web crawler bot and Spotify expands DJ AI to more countries
Our daily TLDR of important AI stories you must know about.
BUSINESS
Moneycontrol Selects: Top stories this evening
Our specially curated package of the big stories to help you stay at the top of your game.
BUSINESS
V-Mart Q1 results: Net loss of Rs 21.9 crore reported, revenue up 15.4%
V-Mart Q1 earnings: The company reported a net profit of Rs 20.45 crore in the year-ago period
BUSINESS
L&T Chairman AM Naik addresses his last AGM, says company upheld its mantra
In his final address to the shareholders of L&T, Naik said that in the last 25 years, L&T has been able to live up to its mantra of "constantly adding value in everything we do."
BUSINESS
Digital Personal Data Protection bill passed by Rajya Sabha
The bill now awaits the President's assent to be enacted as the country's first legislation that specifically addresses the safeguarding of a citizen's personal data.
BUSINESS
2 years of Taliban 2.0 : Women continue to struggle | Ban on education, beauty salons & public places
Nearly two years ago on August 15, 2021, Taliban fighters took a firm charge on Afghanistan after the US withdrew. Despite initial predictions of a civil war, there is no substantial resistance to challenge the Taliban rule. Two years of intense repression of Afghan women and girls by the regime have seen them getting banned from education, entering public places like gyms, parks and forcing them to cover up when out in the public. The extremist group is brutally suppressing women and girls while making their future uncertain and grim.
BUSINESS
BSE Q1 net profit grows 11x to Rs 440 crore on CDSL stake sale
During Q1 FY24, BSE had divested 5 percent stake in its associate company Central Depository Services (India) Limited to meet the requirement of SEBI directives. The profit on divestment amounting to Rs 406.62 crore has been shown as an exceptional item
BUSINESS
Zee Entertainment Q1 results: Profit falls 97% at Rs 3.9 cr, ad revenue drops 2.6%
The company reported domestic advertising revenue of Rs 901.8 crore, down 2.6 percent year-on-year (YoY)
WORLD
Havana Syndrome: All you need to know about its cause, symptoms and consequences
Diplomats, spies, and embassy personnel from the United States and Canada have been diagnosed with a mystery sickness that some suspect has mysterious links to experimental Russian technology.
BUSINESS
Mahindra launches new e-Alfa Super rickshaw with higher range
The e-Alfa Super, which has a 140 Ah lead-acid battery, has a certified range that is 20% longer than that of its predecessor.
TRENDS
Sony begins rolling out PS5 cloud game streaming to beta testers
While there is no official announcement from Sony yet, users on the PlayStation community on Reddit have posted screenshots of a beta invite for the program
BUSINESS
Edtech startup Saarthi initiates legal actions against ClassPlus over troubled acquisition
The controversy traces back to late 2021 when the founders of Saarthi and Classplus first engaged. In October of that year, an acquisition proposal was presented, with seemingly advantageous terms for Saarthi.
BUSINESS
Q1 Earnings: Tata Power reports 29% increase in profit at Rs 1,140.97 crore
Consolidated revenue from operations for the Tata Group company remained almost flat with an increase of only 1.5 percent at Rs 14,982.55 crore compared to Rs 14,752.69 crore during the same period last year
POLITICS
Live: Amit Shah Speaks in Lok Sabha | Union Home Minister's Address On No Confidence Motion On Day 2
Union Home Minister Amit Shah speaks in Lok Sabha on day 2 of the no confidence motion. Watch!
BUSINESS
'Unable to comment': Adani Wilmar on reports of Adani group planning to exit FMCG joint venture
Reports said that Adani Enterprises has been considering a potential sale of its 44 percent stake in Adani Wilmar for a few months.
BUSINESS
Bata India Q1 results: Net profit falls 10.3% to Rs 107.8 crore, revenue rises 1.6%
The company's revenue stood at Rs 958.1 crore, rising 1.6 percent.
