18/02/2021
Dr Reddy's launches Fluphenazine Hydrochloride tablets in US
Read more about Dr Reddy's launches Fluphenazine Hydrochloride tablets in US on Devdiscourse
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16/02/2021
Palantir reports 40% rise in fourth-quarter revenue
Read more about Palantir reports 40% rise in fourth-quarter revenue on Devdiscourse
09/02/2021
A Tesla for a bitcoin: Musk drives up cryptocurrency price with $1.5 bln purchase
Read more about A Tesla for a bitcoin: Musk drives up cryptocurrency price with $1.5 bln purchase on Devdiscourse
09/02/2021
Bitcoin extends gains above $47,000 in Asia
Read more about Bitcoin extends gains above $47,000 in Asia on Devdiscourse
09/02/2021
UK tech entrepreneur Lynch starts fights against U.S. extradition
HP has already sued Lynch and Autonomy's former finance chief, Sushovan Hussain, in London for $5 billion, claiming they fraudulently inflated the company's value before the sale. Judgment in the civil trial, during which Lynch took the stand to argue that HP mismanagement destroyed Autonomy's value...
08/02/2021
9Unicorns Raises 100 Crore Amidst Pandemic from Investors Globally
A green-shoe option allows any venture capital or private equity fund to raise money over its initial target corpus following massive interest received from the LPs limited partners investors.9Unicorns is looking to raise the entire amount of Rs 500 crore over the next few months from multiple sourc...
08/02/2021
Miners, energy stocks lift FTSE 100; Arrow Global soars on higher buyout offer
Arrow Global Group surged 26.7% after TDR Capital made a fourth offer for the European investor and asset manager at a price of 305 pence per share. Rolls-Royce shed 1.4% after the aero-engine maker said it was proposing a two-week operational shutdown of its civil aerospace unit over the summer.
06/02/2021
Robinhood lifts trading restrictions on all stocks, including GameStop
Read more about Robinhood lifts trading restrictions on all stocks, including GameStop on Devdiscourse
04/02/2021
Australian drone firm reshapes strategy over Google pull-out threat
Both firms have lobbied Prime Minister Scott Morrison in recent days, but expectations of widespread disruption are spurring some businesses to seek alternatives. The laws would require Google and Facebook to strike binding pacts with Australian media whose content drives traffic to their platforms.
04/02/2021
Nissan Motor says plant in Myanmar resumed operations on Wednesday
On Monday, people were asked to stay at home because the situation was fluid, said Kalle Siebring, Head of Communications at Nissan ASEAN, who said that the company had prioritised the safety of its employees and partners. "Yesterday, indeed operations are back," he said. Nissan's partner in Myanmar...
04/02/2021
Cognizant Q4 income down 20% to USD 316 mn
Fourth-quarter revenue was USD 4.2 billion, a decline of 3 per cent year-over-year in constant currency, Cognizant Chief Executive Officer Brian Humphries said in an investor call.This included a negative 120 basis point impact from the exit of content moderation services and the negative 250 basis....
04/02/2021
'Reddit rally' stocks bounce on day after selloff, then dip after hours
However, the so-called "Reddit rally" cooled again in after hours trade, as GameStop and AMC Entertainment, the main targets hyped on investment forums, fell. Mass buying over the past two weeks by amateur traders following posts on social media fueled a fierce rally in companies that big hedge fund...
03/02/2021
Amazon's billionaire founder Jeff Bezos to step down as CEO; Andy Jassy named successor
Read more about Amazon's billionaire founder Jeff Bezos to step down as CEO; Andy Jassy named successor on Devdiscourse
02/02/2021
Bajaj Finance Limited increases FD interest rates from February 1, 2021
Bajaj Finance Limited (BFL), the lending and investing arm of Bajaj Finserv, has increased fixed deposit (FD) rates by up to 40 basis points, for tenors of 36 to 60 months. These revised Bajaj Finance interest rates on deposits of less than Rs 5 crores are effective from February 1, 2021. These revi...
01/02/2021
Britain's ASOS buys prized Arcadia brands for 265 mln stg
ASOS has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Philip Green's collapsed Arcadia group for 265 million pounds ($364 million), the British online fashion retailer said on Monday. The deal for Arcadia's prized brands, which will be fully funded from cash....
30/01/2021
Future-Reliance deal: Biyani says Amazon creating confusion, 'playing dog in the manger'
Since then, Amazon has also filed a petition in the Delhi High Court seeking detention of Future Group founders, including CEO Kishore Biyani, and seizure of their assets as it sought to block the Future-Reliance deal.
30/01/2021
ICICI Bank's Q3 net profit increases 17 pc to Rs 5,498 cr
Read more about ICICI Bank's Q3 net profit increases 17 pc to Rs 5,498 cr on Devdiscourse
30/01/2021
WRAPUP 7-GameStop rallies back as U.S. regulators eye wild trading
The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert for any wrongdoing in this week's roller-coaster trade. GameStop shares rallied again, awarding retail investor...
30/01/2021
Pidilite Industries Reports Consolidated Net Sales Growth of 20 Percent Over the Same Quarter Last Year, and EBITDA Growth of 38 Percent for Quarter Ended 31st December 2020
Mumbai, Maharashtra, India Business Wire India Pidilite Industries Limited, Indias leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and nine months ended December 31, 2020.The Consumer and Bazaar CB segment registered volume...
28/01/2021
Aditya Birla Fashion acquires 51 pc stake in designer brand Sabyasachi
Aditya Birla Fashion and Retail Ltd (ABFRL) has announced a strategic partnership with India's largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand.
28/01/2021
Shapoorji Pallonji Real Estate to invest Rs 4,000 cr on new project in Pune
It is within proximity to Hinjewadi and Baner IT hubs.Shapoorji Pallonji Real Estate has a strong presence in the Pune market.The company has a development pipeline of over 80 million square feet and is looking to double its top line in the next 2 to 3 years.It is planning to launch new projects and...
28/01/2021
India biz doubled in Dec qtr, feel good about trajectory: Apple CEO Tim Cook
Apple has doubled its business in India in the December quarter on the back of strong performance of its online store, and the tech giant sees a good growth trajectory going ahead, its CEO Tim Cook said.The Cupertino-based tech giant posted an all-time record revenue of USD 111.4 billion globally fo...
27/01/2021
Jaguar Land Rover appoints creative chief to board as it redefines strategy
Bollore said Chief Creative Officer Gerry McGovern would be "developing the character, distinction and personality of each" brand and the role includes leading the design function at the marques. "Jaguar Land Rover continues to transform its business at pace and redefine its strategic direction," th...
27/01/2021
World Bank signs $150m Nepal Urban Governance and Infrastructure Project
The four-year project is financed by the World Bank to promote sustainable urban development and to support post-COVID-19 economic recovery in strategic secondary cities.
27/01/2021
IMF projects 11.5 pc GDP growth, experts say India to achieve USD 5 trillion economy
With International Monetary Fund (IMF) projecting that India will reclaim the status of world's fastest-growing economy and projected its growth at 11.5 per cent in 2021, experts on Wednesday said that India is rebounding to achieve the target of a USD 5 trillion economy.
25/01/2021
Tesla sues ex-employee for allegedly stealing confidential software code
American electric vehicle company Tesla has sued one of its former employees for allegedly stealing company information.
23/01/2021
Cold chain startup Inficold raises USD 900,000 from RVCF and other investors
Inficold, a Noida - based startup supported by Shell Foundation, an independent UK registered charity, that provides cold storage solutions has raised USD 900,000 (Rs 6.5 crore approximately) in a funding round from RVCF and other undisclosed high net worth individuals as a part of their Pre Series....
23/01/2021
Adani Group says being targeted through false propaganda, manufactured online campaign
Read more about Adani Group says being targeted through false propaganda, manufactured online campaign on Devdiscourse
23/01/2021
I Always Wanted to Create a Solid Portfolio of Brands: Assiduus Global Founder Dr. Somdutta Singh
Dr. Somdutta Singh - Founder and CEO - Assiduus Global, said, I always wanted to create a solid portfolio of brands that would create a recall value for her productscompany name in the market and a status for her name in the E-commerce landscape.
23/01/2021
Apollo Hospitals raises Rs 1,170 cr through allotment of shares to QIBs
Read more about Apollo Hospitals raises Rs 1,170 cr through allotment of shares to QIBs on Devdiscourse
23/01/2021
Tata Motors launches i-Turbo petrol variant of premium hatchback Altroz
Tata Motors on Saturday launched the i-Turbo petrol variant of its premium hatchback Altroz at an introductory price increment of Rs 60,000 above the existing petrol variants of the model.The company has also added a new top of the line XZ variant in petrol and diesel fuel options to the Altroz rang...
23/01/2021
AURIC Shendra in Maharashtra bags investment of Rs 160 crore
There are other four small companies that will invest Rs 159.42 crore altogether, Sanjay Katkar told PTI.These five companies will give jobs to 250 people after being operational, he added.The LAC meet took place for eleven plots which received response of 38 applications.
23/01/2021
IMF negotiators reach deal with Costa Rica over $1.75 bln loan
Read more about IMF negotiators reach deal with Costa Rica over $1.75 bln loan on Devdiscourse
23/01/2021
Biden, Canada's Trudeau to meet next month, collaborate on vaccines, medical supplies
It is not clear whether the meeting next month will be face to face or virtual, said a Canadian government source who requested anonymity given the sensitivity of the situation. The White House said the two leaders highlighted the "strategic importance of the U.S.-Canada relationship" and discussed....
22/01/2021
Indian Bank Q3 profit more than doubles to Rs 514 crore
Read more about Indian Bank Q3 profit more than doubles to Rs 514 crore on Devdiscourse
22/01/2021
The sweeping travel restrictions have largely brought international travel to a halt and domestic travel is also facing a huge number of cancellations as billions of people are ordered to stay inside their homes as part of strict lock-downs.
The sweeping travel restrictions have largely brought international travel to a halt and domestic travel is also facing a huge number of cancellations as billions of people are ordered to stay inside their homes as part of strict lock-downs.
22/01/2021
Workplaces post-COVID 19: Tech innovations to catalyze a remote working culture
Due to lockdowns imposed in several countries, work-from-home culture has literally jumped into almost every company in the world whether they were ready or not.
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