Mumbai, July 30 (IANS) — The demand for warehousing space in India has surged significantly due to robust activity in the manufacturing sector. According to a report by Knight Frank India, warehouse transactions across eight major markets in India totaled 23 million square feet in the first half of this year.
Nearly 55% of these transactions were in ‘Grade A’ spaces, with Mumbai leading the…
New Delhi, July 30 (IANS) — Jong-Hee (JH) Han, Vice Chairman, CEO, and Head of Samsung Electronics’ Device eXperience (DX) Division, highlighted India’s significance as a fast-growing global market and a key opportunity for the South Korean tech giant. Speaking on Tuesday, Han emphasized that India’s rapidly expanding market is crucial for Samsung’s global strategy. Han’s visit to…
RVNL’s (NS:RAIV) stock saw a notable uptick on Tuesday morning, rising over 2% to reach an intraday peak of ₹626. This increase follows the company’s recent announcement of securing a substantial ₹739 crore contract from the Himachal Pradesh State Electricity Board.
The contract involves the “development of distribution infrastructure in the central zone of Himachal Pradesh” under the…
Akums Drugs and Pharmaceuticals has launched its much-anticipated Initial Public Offering (IPO), opening today, July 30. The company is offering shares in a price band of ₹646 to ₹679 each, with a minimum lot size of 22 shares and in multiples thereafter. The subscription window for this IPO will remain open until August 1.
Key Details of the Akums IPO:
Issue Size: ₹1,856.74 crore
Price…
Tokyo – Toyota, the world’s largest automaker, faced a significant setback in June, with its global production dropping for the fifth consecutive month. The company’s output fell by 12.9% to 795,862 vehicles, marking the steepest decline since December 2022. This decline was driven by severe challenges in both its domestic market and China.
In Japan, Toyota’s production saw a dramatic…
Shares of PNB Housing Finance Ltd experienced a significant drop of over 2% in Tuesday’s trading session, accompanied by a notable increase in turnover on the Bombay Stock Exchange (BSE). This decline follows reports suggesting that the Carlyle Group, a prominent global investment firm, is preparing to sell a substantial stake in the state-run housing finance company.
According to a recent…
As the Indian stock market navigates through the aftermath of the Union Budget 2024 announcement, railway stocks have continued to face challenges. The budgetary provisions and subsequent market reactions have left several key players in the railway sector struggling to regain their pre-Budget valuation levels.
Post-Budget Performance of Railway Stocks
On July 22, a day before the Union Budget…
Apple has diverged from industry norms by using Google’s tensor processing units (TPUs) rather than Nvidia’s GPUs for training two of its major AI models, according to a research paper published on Monday. This move highlights a significant shift in the tech giant’s approach to building its AI infrastructure.
The research paper reveals that Apple utilized Google’s TPUs, organized in…
Hyun Shik Park, the chief operations officer of Ola Cell Technologies, has emerged as the highest-paid executive within the Ola Electric universe for the fiscal year 2024. Despite Ola Electric being known for its dynamic leadership, Park’s compensation surpasses that of founder-chairman Bhavish Aggarwal and other top executives.
Park, who joined Ola Electric in August 2023, received an…
Punjab National Bank (PNB) has delivered impressive Q1 results, marked by a substantial 159% year-on-year increase in profit, driven by a sharp reduction in provisions and robust recoveries. The bank’s gross non-performing assets (NPAs) ratio has significantly improved, and its guidance for FY25 now forecasts a gross NPA ratio of 4%, down from the previous estimate of 5%.
Additionally, PNB has…
