Tata Motors is banking on the upcoming FAME-III scheme and the festive season to invigorate its electric vehicle (EV) sales. Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd, has urged for the prompt announcement of the FAME-III scheme, which he believes is crucial for reviving the current slowdown in four-wheel EV sales.
The end of the Faster Adoption and…
India is set to play a pivotal role in the global artificial intelligence (AI) landscape, according to Ahmed Mazhari, President of Microsoft Asia. In a recent blog post and during a discussion at Microsoft’s AI Tour in Mumbai, Mazhari highlighted the country’s rapid advancement and its potential to outpace many others in AI development.
Mazhari praised India for its substantial contributions…
US Judge Rules Google an Illegal Monopolist: Future Implications and Potential Remedies
On Monday, Federal Judge Amit Mehta ruled that Google’s practices violate fair competition laws, a decision that could reshape the tech landscape. The ruling supports the US Department of Justice’s claim that Google’s exclusive default search agreements breach antitrust regulations. Mehta’s decision now…
Puma, the world’s third-largest sporting goods company, has revised its full-year core profit forecast downward due to adverse currency effects and ongoing supply chain disruptions. The company now expects earnings before interest and taxes (EBIT) to range between €620 million and €670 million, down from the previous upper estimate of €700 million.
Revised Profit Outlook
Puma’s updated…
Shares of Fusion Micro Finance Ltd fell dramatically on Wednesday, hitting the lower circuit limit of 20% and trading at Rs 346.80 per share, following the company’s disappointing first-quarter financial results. The steep decline comes as the microfinance institution reported significant losses and a sharp deterioration in asset quality.
Weak Financial Performance and Asset Quality…
Adani Enterprises has issued a formal clarification in response to media reports suggesting that Group Chairman Gautam Adani plans to step down at age 70 and transfer control of the conglomerate to his sons and cousins in the early 2030s. The company addressed these claims following confusion and misinterpretation of Adani’s comments regarding succession planning.
Clarification from Adani…
Gentari Green Mobility India has unveiled the “Gentari Go” app, a significant advancement in the country’s clean energy landscape. The app integrates a range of sustainable solutions, including electric vehicle (EV) charging, home solar systems, and forthcoming test drive options.
Navjit Gill, Gentari’s Country Head for India, emphasized the company’s dedication to achieving net-zero…
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued show cause notices to ten foreign airlines over an alleged ₹10,000 crore in unpaid taxes. The list includes major carriers such as Emirates, Lufthansa, British Airways, Singapore Airlines, and Oman Air.
The notices, dispatched over the past three days, address unpaid tax dues related to the import of services by…
Manish Tiwary, the head of Amazon India’s operations, has announced his resignation to explore new opportunities, concluding an eight-year tenure with the e-commerce giant. Tiwary, who joined Amazon India from Unilever in 2016, has served as vice president before becoming country manager in 2020. In his role, he led the consumer and seller services vertical for four years.
Tiwary will remain…
The initial public offering (IPO) of Brainbees Solutions Ltd, operating under the FirstCry brand, opened for subscription today, August 6, 2024. As of 1:30 PM IST on the first day, the IPO has been subscribed 7% overall. This public offering is expected to close on August 8, 2024, with the allotment scheduled for August 9 and the listing date set for August 13.
IPO Details
The Brainbees Solutions…
