Finland is emerging as an attractive destination for Indian entrepreneurs looking to establish or relocate their tech startups. Ranked 14th on the Global Startup Ecosystem Index 2024 and 6th globally for innovation (Global Innovation Index – GII 2023), Finland offers a robust environment for technological innovation and business growth.
To support this ambition, Finland provides various…
Shares of Zomato Ltd., the prominent food delivery aggregator, surged by 19% to ₹278.7 after analysts revised their price targets following the company’s strong June quarter results.
Brokerage firm CLSA led the charge, maintaining a “buy” recommendation and raising its price target from ₹248 to ₹350, the highest on the street. CLSA also increased its earnings forecasts by 6% to 36% for…
Mumbai-based fintech startup LXME has successfully secured $1.2 million in seed funding, spearheaded by Kalaari Capital. This investment aims to bolster the platform’s mission of fostering financial independence among women.
Kalaari Capital, led by Vani Kola, is known for its early investments in Myntra and Snapdeal. The investment was made through its CXXO initiative, which focuses on…
Microsoft is grappling with another global outage affecting its Microsoft 365 and Azure services. Users worldwide have reported performance issues and degraded service. The company has acknowledged the problem on its 365 Status account, noting, “We’re currently investigating access issues and performance degradation with multiple Microsoft 365 services. For details, refer to MO842351 in the…
Vivo India is set to unveil a new manufacturing unit later this year, a move that will double its production capacity, according to CEO Jerome Chen. This development marks a significant milestone as the company celebrates a decade of operations in India.
In a recent report, Chen highlighted Vivo’s ongoing commitment to India’s ‘Atmanirbhar Bharat’ initiative, emphasizing the strategic…
Byju’s, the cash-strapped ed-tech company, is moving towards resolving its financial dispute with the Board of Control for Cricket in India (BCCI). The company has made an initial payment of ₹500 million to the cricket board, according to reports.
The dispute over unpaid fees, which has been a major issue for Byju’s, is nearing resolution, with lawyers from both sides informing the National…
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…
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…
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…
