ENS Economic Bureau

Swiggy fires 380 employees; shuts Meat marketplace

In an internal note to employees on Friday, CEO Sriharsha Majety said that the growth rate for food delivery has slowed down versus its projections.

20 Jan 2023

Toyota Kirloskar Motor vice chairperson Vikram Kirloskar dies at 64

Kirloskar, who hails from the reputed Kirloskar family, played a key role in bringing Japan's auto major Toyota Motor Corp to India in the late 1990s and has remained Toyota’s face in India.

30 Nov 2022

Cognizant Q3 net profit up 15.6 per cent; lowers 2022 revenue guidance

For the second time, the company has revised its 2022 revenue guidance. It revises full-year 2022 revenue growth guidance to 4.5%, or 7.0% in constant currency.For the second time, the company has rev

03 Nov 2022

Bengaluru floods: IT firms and start-ups ask employees to WFH

Many start-up founders took to Twitter and spoke about their struggles in the past two days. 

07 Sep 2022

Quarterly earnings, global events and Macro data to guide market this week; experts anticipate volatility

During the week ending Friday, the BSE Sensex gained more than 800 points to 58,388, and the Nifty 50 surged 239 points to 17,397.

08 Aug 2022

SpiceJet enters into full and final settlement with AAI; claims it is out of ‘cash and carry’ arrangement

It said that the AAI will release SpiceJet’s Rs 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline.

02 Aug 2022

Biocon Q1 profit rises 71 per cent, revenue up 23 per cent

 Its core EBITDA grew 25 per cent and margin improved to 31 per cent compared to 30 per cent in Q1FY22.

27 Jul 2022

Infosys misses street estimates; posts 3 per cent growth in net profit

However, it raises FY23 revenue guidance to 14-16 per cent.

24 Jul 2022

Escorts Limited will now be known as Escorts Kubota Limited as Japanese partner increases stake

Kubota has increased its equity stake in Escorts to 44.8% by subscribing to new equity shares & through an open offer to public shareholders of Escorts & also becoming a joint promoter of the company.

10 Jun 2022

Tata Motors to take over Ford's Gujarat Plant

This MOU will be followed by signing of the definitive transaction agreements between TPEML and FIPL over the next few weeks.

30 May 2022

Zomato eats up investors' wealth by Rs 88,000 crore

The loss-making company is having a nightmare run in 2022 as its share prices have crashed over 57% so far this year.

07 May 2022

Auto sales in April 2022 lower than 2019 sales for same month

Sales in April 2020 and April 2021 were impacted by first and second wave of COVID-19 pandemic, hence a comparison is not suitable.

05 May 2022

India has 72.50 MT coal available at different sources, 22.01 MT meant for power plants: Centre

As per Central Electricity Authority's latest daily coal report, the coal stock at 81 out of a total of 150 thermal power stations using domestic coal is critical.

24 Apr 2022

HDFC Bank net profit up 22.8 per cent in Q4FY22, misses street estimate

Net interest income, the difference between interest earned and interest expended, grew 10.2% to Rs 18,872.7 crore.

17 Apr 2022

Bank woes to pass as recovery of bad loans gathers pace

Banks placed under Prompt Corrective Action can be restricted from expanding the number of branches, staff recruitment and increasing the size of their loan book.

17 Aug 2018