[ad_1] CHENNAI: The recent GST rate rationalisation has not only resulted in a drop in the prices of commercial vehicles but also eased the long-standing pressure on original equipment manufacturers (OEMs) to offer steep discounts in India’s highly price-sensitive and fiercely competitive truck market.Before the GST revision, medium and heavy commercial vehicles (M&HCVs) priced around…
[ad_1] MUMBAI: The Rs 6,632-crore IPO for online financial services platform Groww was subscribed 17.6 times at close on Friday, with institutional investors leading the bidding. However, with the stock market witnessing sharp volatility, the grey market premium (GMP), the mark-up over the upper band of the offer price in the unofficial market for stocks,…
[ad_1] NEW DELHI: Weight-loss therapy drug Eli Lilly’s Mounjaro has become the top selling brand in the domestic pharma retail market with sales of nearly Rs 100 crore in Oct, indicating the huge popularity of such treatments across India. Mounjaro has overtaken GSK’s widely prescribed antibiotic and long-established market leader, Augmentin, which totalled sales of…
[ad_1] Mumbai: The board of Swiggy on Friday cleared the company’s plan to raise up to Rs 10,000 crore through a qualified institutional placement (QIP), the firm said in an exchange filing. The move follows rival Zepto’s $450 million (close to Rs 4,000 crore) funding which has stoked competition in the growing 10-minute delivery space…
[ad_1] FSN E-Commerce, the parent company of fashion and beauty retailer Nykaa, on Friday reported a multifold rise in consolidated net profit to Rs 34.4 crore for the September quarter, up from Rs 10.04 crore in the same period last year.Revenue from operations rose 25.1% year-on-year to Rs 2,345.98 crore, compared to Rs 1,874.74 crore…
[ad_1] US stocks slipped in morning trade on Friday, with major indexes on track for their first weekly loss in four weeks as technology shares continued to weigh on sentiment.The S&P 500 dropped 0.7%, the Dow Jones Industrial Average fell 143 points (0.3%), and the Nasdaq Composite slid 1.2% as of 9:51 am ET.Big tech…
[ad_1] Tesla CEO Elon Musk celebrated shareholder approval of his record-breaking $1 trillion compensation package with a flurry of ambitious promises, from humanoid robots performing surgery to building vehicles for missions to the Moon and Mars.The vote, which saw over 75% of investors back the deal, clears the path for Musk to expand his stake…
[ad_1] The Trump administration has recently hiked the application fee for the much sought after H-1B visa to a mind numbing $100,000! Indian students in the US who were looking at bagging lucrative jobs are facing a big shock – Donald Trump’s H-1B visa fee hike has left them in a lurch as companies automatically…
[ad_1] NEW DELHI: Zerodha co-founder Nikhil Kamath has questioned the value of traditional higher education, especially MBA programs, saying that, “colleges are dead.”Speaking during Zerodha’s 15th anniversary discussion, co-founder Nithin Kamath said that formal education is being rapidly outpaced by open and digital learning platforms.“Colleges are dead. If you’re 25 and still going to an…
[ad_1] The global cryptocurrency market has lost significant ground after reaching a record high earlier this month, with traders pulling back amid fears of deeper losses.At its October 6 peak, the total market capitalisation of all cryptocurrencies hit nearly $4.4 trillion. However, a 20% slump since then has erased most of this year’s gains, leaving…