TRENDS
Woman shares post on her cab driver who was an engineer at Qualcomm. 'He earns more...'
According to Shweta Kukreja, her cab driver used to work at Qualcomm, an American multinational corporation that creates semiconductors, software and services related to wireless technology.
BUSINESS
Centre picks TCS to transform e-Marketplace platform
The redesigned platform will have an open API-based architecture to make it highly scalable, and able to accommodate the anticipated six-fold growth in GMV over the next six years.
HEALTH-AND-FITNESS
Covid-19 cases show signs of increase in Maharashtra, new Omicron subvariant detected
As per the data received from the state health department, the number of active Covid-19 cases has increased from 70 at the end of July to 115 on August 6. The case count on August 7 was 109.
BUSINESS
Equity derivatives turnover grew 119% YoY, cash segment’s turnover fell 20% YoY in FY23: Sebi Annual Report
The regulator has been trying to protect investors from taking undue risks, including publishing results from a study that showed the extremely low probability of making profits from this segment
TRENDS
WhatsApp puts voice call with 32 participants on trial
The feature is being tested with Android users in Beta.
TRENDS
Pepperfry's Ambareesh Murty in last Instagram post: 'I ride, therefore I am'
Ambareesh Murty was an avid biker and trekker and would take bike trips periodically.
BUSINESS
SoftBank posts unexpected $3.3 billion loss even as Vision Fund arm records investment gain
The marginal gain on investments is in line with its recent management commentary on adopting a more proactive investment and monetisation strategy, which will likely bring cheer to India's burgeoning startup ecosystem, where SoftBank hasn't made a single investment in last 15 months.
BUSINESS
Mindspace Business Parks REIT appoints Ramesh Nair as CEO, Vinod Rohira to board
Apart from being elevated to the board, Rohira will also be MD and CEO of the non-listed commercial business, the company said
BUSINESS
Medplus Health tumbles 5% on flat profit for June quarter
Revenue from operations climbed 29 percent to Rs 1,284.29 crore in Q1 FY24, from Rs 993.65 crore in the year-ago period.
WORLD
A look at what is water toxicity, its causes and prevention
Two recent cases of water toxicity have brought to light this extremely rare but potential lethal consequence of drinking too much water within a short span of time.
TRENDS
16-year-old girl raises Rs 8.27 lakh to help Balasore train accident victims. Watch
The girl-Tanishka Dhariwal- presented the money to the Counsel General of India in New York Randhir Jaiswal.
BUSINESS
HLE Glascoat slips 5% on weak Q1 numbers
The company’s quarterly net profit came in at Rs 9.29 crore in June 2023 down 39.61 percent from Rs 15.38 crore in June 2022.
BUSINESS
Hero MotoCorp shares surge 4%, lead Nifty50 gainers on strong Harley Davidson X440 bookings
The Harley-Davidson X440 is a collaboration between the Harley-Davidson brand and Hero MotoCorp.
BUSINESS
Gokaldas Exports down 6% on sluggish demand outlook
Gokaldas Exports has said it continues to anticipate the demand to be sluggish for H1 FY24, with momentum picking up subsequently
BUSINESS
Stalled redevelopment project: MHADA issues notice to developer, warns to take over project in Mumbai
There are several such stalled redevelopment projects in Mumbai and many people living in transit accommodations. This notice may be the start of many more projects being taken over by the MHADA
BUSINESS
Sobha shares shed 3% on shrinking operating margin in Q1
The company reported a surge in Q1 profits by 165 percent to Rs 12.05 crore, driven by other incomes and topline growth, despite a contraction in the operating margin
INDIA
7th Pay Commission DA Hike: Central government employees to get 45% hike in DA. Check details here
7th Pay Commission DA Hike: The last revision was done on March 24, 2023, and was effective from January 1, 2023. DA is provided to employees and pensioners to compensate them for rising prices.
TRENDS
Pepperfry co-founder Ambareesh Murty dies of cardiac arrest
Ambareesh Murty started Pepperfry with co-founder Ashish Shah in 2011.
BUSINESS
Suzuki Motor Corp's stake in Maruti to increase to 58.28%
Details of the transaction such as the issue price of the securities and post-allotment holding of the investors are to be finalised at the next AGM, date for which is yet to be announced.
BUSINESS
Adani Ports falls ahead of Q1 results; analysts expect sharp jump in revenue led by acquisitions
Kotak said underlying comparable volume growth is driven by very strong growth in container volumes which are likely up 19 percent YoY.
BUSINESS
ITD Cementation scales 52-week high on the back of 74% surge in Q1 profit
Its consolidated profit after tax stood at Rs 52.33 crore in Q1 FY24, compared to Rs 30.18 crore in the year-ago quarter.
BUSINESS
Jupiter Wagons hit upper circuit at 5% on strong earnings, management outlook
Jupiter Wagons Q1 result: Consolidated net profit jumped almost five-fold to Rs 62.85 crore, from Rs 12.81 crore in the corresponding period last year. Revenue jumped 155 percent YoY to Rs 753.19 crore while margin also expanded.
BUSINESS
Emami shares gain on high sales growth in Q1
Jefferies has a ‘buy’ rating on the stock with a target price of Rs 560.
BUSINESS
PB Fintech falls second day in a row as investors book profit after a strong Q1 show
CLSA has assigned an "Outperform" rating to the stock with a target price of Rs 890 per share. Morgan Stanley too has an "Overweight" rating on the stock with target price of Rs 810 per share
