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Full recovery of Indian economy likely only by Q3FY22: Brickwork
Full recovery of Indian economy likely only by Q3FY22: Brickwork

New Delhi,  As the second wave of Covid-19 and the resultant lockdowns have severely impacted the livelihoods and the economy, a report by Brickwork Ratings said that in the current situation full recovery of the economy may become feasible only by the third quarter of the ongoing financial year.

It note

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Dodla Dairy to use money raised from IPO to repay debt, expansion
Dodla Dairy to use money raised from IPO to repay debt, expansion

 

Chennai,  Dairy major Dodla Dairy Ltd will use the Rs 50 crore raised from initial public offering (IPO) for repaying debt and also for expansion, said a top company official.

The company will hit the market with its premium Rs 520 crore IPO that consists of fresh issue of Rs 50 crore an

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Sun TV Network logs 11% growth in net profit
Sun TV Network logs 11% growth in net profit

 

Chennai, Television broadcast major Sun TV Network Ltd on Friday said it closed last fiscal with 11 per cent growth net profit of about Rs 1,520.41 crore on reduced revenue.

According to the company, it has earned a net profit of about Rs 1,520.41 crore last fiscal up from a net profit of abo

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Apple hires ex-BMW exec Kranz for its electric car project
Apple hires ex-BMW exec Kranz for its electric car project

 

San Francisco, Apple has roped in a former BMW executive and the recently departed CEO and co-founder of EV startup Canoo, Ulrich Kranz, for its electric car project.

Kranz will reportedly work on the Silicon Valley behemoth's electric car under Doug Field, the former Tesla executive who

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CAIT asks Goyal to direct CCI probe into Amazon, Flipkart
CAIT asks Goyal to direct CCI probe into Amazon, Flipkart

New Delhi,  A day after the Karnataka High Court judgement dismissing the petition of Amazon & Flipkart, the Confederation of All India Traders (CAIT) on Saturday sent a communication to Union Commerce Minister Piyush Goyal urging him to direct the Competition Commission of India (CCI) to immediately initiate inves

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Inox rolls-out Covid safety programme
Inox rolls-out Covid safety programme

Mumbai,  Multiplex chain Inox Leisure has rolled-out a Covid safety programme for its employees and their family members.

Besides, free vaccination for all the employees, the programme -- Wellness Matters -- comprises of multiple initiatives including free doctor-on-call service, pharmacy and pathology s

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Covid dent: PV sales down by over 61% from May'19 levels
Covid dent: PV sales down by over 61% from May'19 levels

 

New Delhi,  Covid-induced economic volatility contracted the demand for domestic passenger vehicles in May 2021 from May 2019 levels.

However, base effect along with low interest rates and some pent-up demand showed an accelerated rise in domestic demand in May 2021 on a year-on-year bas

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Karnataka HC dismisses plea by Amazon, Flipkart to quash CCI probe
Karnataka HC dismisses plea by Amazon, Flipkart to quash CCI probe

New Delhi,  In a major blow to e-commerce giants Amazon and Flipkart, the Karnataka High Court has dismissed their plea to quash an anti-trust investigation by the Competition Commission of India (CCI).

Consequently, both the companies will face investigation under Section 3 of Competition Act.

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TVS Motor sold 9,601 mopeds in May
TVS Motor sold 9,601 mopeds in May

 

Chennai,  India's only moped manufacturer TVS Motor Company Ltd closed last month selling 9,601 units, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

In a statement, the SIAM said that TVS Motor sold 9,601 units (domestic 7,135 units, exports 2,466 units) last

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Andhra sanctions Rs 1.4K cr to develop state node of CBIC
Andhra sanctions Rs 1.4K cr to develop state node of CBIC

Amaravati,  The Andhra Pradesh government has sanctioned Rs 1,448 crore to form a special purpose vehicle, NKICDL (NICDIT Krishnapatnam Industrial City Development Limited), with equity from the Central government as well to establish, promote and facilitate the development of Krishnapatnam Industrial Node of the Chenn

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