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  1. Euler Motors raises additional Rs 200 crore in Series C funding round

    Euler Motors raises additional Rs 200 crore in Series C funding round

    New Delhi, Electric vehicle maker Euler Motors on Wednesday said it has raised an additional Rs 200 crore in Series C funding round.Existing investors such as British International Investment, Bloom Ventures and former investor Piramal Alternatives India Access Fund led the new investment in...
  2. Lava International appoints Rajesh Sethi as Group CFO

    Lava International appoints Rajesh Sethi as Group CFO

    New Delhi, Domestic mobile maker Lava International Ltd has appointed Rajes Sethi as the new group chief financial officer (CFO), the company said on Tuesday.The statement said Sethi, who has more than 27 years of financial management and strategic planning experience, will oversee Lava's...
  3. Kolkata Metro gets 2 more rakes, 11 more to come in 6 months: Officials

    Kolkata Metro gets 2 more rakes, 11 more to come in 6 months: Officials

    Kolkata: Two Kolkata Metro rakes manufactured by renowned locomotive maker Dalian arrived in the city from China, an official said on Monday.These two new rakes are part of the firm's order of 14 rakes. While the rakes are already in use, the two latest rakes arrived at Noapada shed on May 26...
  4. Bosch's profit in fourth quarter increased by 41 percent to Rs 564 crore; Total income Rs 4,459 crore

    Bosch's profit in fourth quarter increased by 41 percent to Rs 564 crore; Total income Rs 4,459 crore

    New Delhi, Auto components maker Bosch on Friday reported a 41 per cent rise in consolidated net profit after tax for the March quarter at Rs 564 crore.In the same period a year ago, the company had made a net profit of Rs 399 crore.The company's total income rose to Rs 4,459 crore in the...
  5. Asian Granito India Q4 loss narrows to Rs 5.46 crore

    Asian Granito India Q4 loss narrows to Rs 5.46 crore

    New Delhi, Bathware and tiles maker Asian Granito India Ltd (AGL) has reported narrowing of its consolidated net loss to Rs 5.46 crore in the quarter ended March 2024 due to increased operating efficiency and lower expenses.The company said in an exchange filing on Thursday that it had...
  6. Indo Count signs licensing agreement with US-based Iconix for two brands

    Indo Count signs licensing agreement with US-based Iconix for two brands

    New Delhi, Home textile bed linen maker Indo Count on Friday announced it has entered into a licensing agreement with US-based brand management company Iconix International for two iconic brands for the US and Canadian markets.Under the agreement, Indo Count will bring two brands, Fieldcrest...
  7. Wheels India sets Rs 200 capex plan for FY25

    Wheels India sets Rs 200 capex plan for FY25

    CHENNAI: Wheels India Ltd, a steel wheel maker for trucks, agricultural tractors, passenger vehicles and construction equipment, plans Rs 200 crore as capital expenditure for the current financial year, a top official has said.The capital expenditure will be spent on offload tractors...
  8. OpenAI has never withdrawn any employee's vested equity: CEO Altman

    OpenAI has never withdrawn any employee's vested equity: CEO Altman

    Altman responded to a media report claiming that the Chatji maker had canceled employees' vested equity (or stock options) in the company following two high-profile departures.Altman said they would never do it "if people don't sign the separation agreement (or agree to the non-disparagement...
  9. Tesla 'silent'; We are yet to reveal our plans in India: Official

    Tesla 'silent'; We are yet to reveal our plans in India: Official

    New Delhi: American electric car maker Tesla is 'silent' and has not yet informed the government about its plans for India under the new EV policy, an official said on Friday.US tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, postponed his visit at the last minute...
  10. SAIL will allow employees to work away from the designated workplace

    SAIL will allow employees to work away from the designated workplace

    New Delhi: Steel maker SAIL on Wednesday said it has come up with a new policy where employees can work from any location other than their designated workplaces.SAIL said in a statement that company Chairman Amarendu Prakash on Tuesday initiated the policy of working from locations other than...
  11. Veira to invest Rs 450 crore in new unit to increase production capacity of air coolers, washing machines

    Veira to invest Rs 450 crore in new unit to increase production capacity of air coolers, washing machines

    New Delhi: Consumer electronics and appliances maker Veera on Monday said it will invest Rs 450 crore to set up a new manufacturing unit in Greater Noida to expand the capacity of air coolers and washing machines.As a result of this investment, the current production capacity of washing...
  12. ESMT Berlin and the BMW Group are entering the third year of the Change Maker Fellowship with a focus on digitalization.

    ESMT Berlin and the BMW Group are entering the third year of the Change Maker Fellowship with a focus on digitalization.

    Munich/Berlin, 13 May 2024 -ESMT Berlin and the BMW Group are partnering for the third time to offer the BM Group Change Maker Fellowship. 10 full-tuition fellowships for the ESM Global Online MBA will help ambitious young mathematics or technology professionals accelerate positive and...
  13. ESMT Berlin and BMW Group enter third year of Change Maker Fellowship with a focus on digitalization

    ESMT Berlin and BMW Group enter third year of Change Maker Fellowship with a focus on digitalization

    VMP Munich/Berlin [Germany], May 13: ESMT Berlin and the BMW Group are partnering for the third time to offer the BMW Group Change Maker Fellowship. The first full-tuition fellowships for the ESMT Global Online MBA will help ambitious young mathematics or technology professionals accelerate...
  14. Finolex Industries Q4 PAT rises 2 percent to Rs 161 crore

    Finolex Industries Q4 PAT rises 2 percent to Rs 161 crore

    New Delhi, Pipes maker Finolex Industries Ltd has reported nearly 2 per cent rise in its standalone profit after tax for the March 2022 quarter at Rs 161.43 crore on the back of higher revenue.The company said in a statement on Saturday that it had earned a profit after tax of Rs 158.35 crore...
  15. Hero MotoCorp reports 18 percent rise in Q4 net profit, declares dividend of Rs 40 per share

    Hero MotoCorp reports 18 percent rise in Q4 net profit, declares dividend of Rs 40 per share

    The company had made a net profit of Rs 859 crore in the same quarter last year.The bike maker reported 14.6 per cent growth in total revenue at Rs 9,519 crore in Q4FY24, compared to Rs 8,307 crore in the same period last year.HeroMotoCorp declared a final dividend of Rs 40 per share of face...
  16. Porsche India sales up 15 percent to 244 units in Q1 2024

    Porsche India sales up 15 percent to 244 units in Q1 2024

    New Delhi, Luxury sports car maker Porsche India on Tuesday reported a 15 per cent rise in sales to 244 units in the first quarter of 2024.Porsche India said in a statement that the company had sold 213 units in the same quarter last year.In 2023, Porsche India recorded its highest ever...
  17. Apple working on its own AI chips for data centers: report

    Apple working on its own AI chips for data centers: report

    The iPhone maker aims to run AI software in data center servers to give the company an edge, The Wall Street Journal reported Tuesday.The report states that 'Project ACDC' (Apple Chips in Data Center) will first use indigenous chips in the company's own servers.The tech giant is likely to...
  18. Britannia expects double digit sales growth after general elections, monsoon: Varun Berry

    Britannia expects double digit sales growth after general elections, monsoon: Varun Berry

    New Delhi, Food products major Britannia Industries expects "double-digit growth" in sales with "inflation remaining manageable" after the general elections and monsoon season, its vice chairman and managing director Varu Beri said on Monday. .The company "expects a recovery in consumption"...
  19. MRF's net profit rises 16 percent to Rs 396 crore in Q4; Revenue increased to Rs 6,349 crore

    MRF's net profit rises 16 percent to Rs 396 crore in Q4; Revenue increased to Rs 6,349 crore

    New Delhi, Tire maker MRF on Friday reported a 16 per cent rise in its consolidated net profit to Rs 396 crore for the fourth quarter ending March 2024.The company had reported a net profit of Rs 341 crore in the January-March quarter of the last financial year.Revenue from operations...
  20. Ceat Q4 net profit declines 23 percent to Rs 102 crore; Revenue Rs 2,992 crore

    Ceat Q4 net profit declines 23 percent to Rs 102 crore; Revenue Rs 2,992 crore

    New Delhi, Tire maker CEAT on Thursday reported a 23 per cent decline in its consolidated net profit at Rs 102 crore for the fourth quarter ending March 2024.The company had earned a net profit of Rs 132 crore in the January-March quarter of 2022-23.Its revenue from operations increased from...
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