The company had posted a consolidated profit after tax (PAT) of Rs 1,193.97 crore in the same period last fiscal, Bajaj Auto Ltd said in a regulatory filing.
Amazon seen triumphing over Apple privacy changes in digital ad business
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Apple#39;s advertising business has surged since it prevented advertisers from tracking iPhone users without their consent in April, eating into market share once occupied by Facebook, Instagram and Snap.
Bajaj Auto to set up new captive vehicle finance company
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This is the second new company being formed by the company after the proposal to hive off the electric vehicle business unit and place it under a new company
IMF chief Georgieva asks for continued debt relief as pandemic aid winds down
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While the DSSI offers repayment over a fixed timeframe following a grace period, the Common Framework is more flexible, with repayment periods based on countries#39; individual circumstances and provisions to require participation from private and other lende
A strong corporate earnings season has provided some much-needed support to investors in recent weeks as companies showed resilience in the face of supply snarls, surging commodity and wage costs, as well as spiking Covid-19 cases.
UK sees better than expected 6.5% growth this year
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Finance minister Rishi Sunak said the UK economy was on course to return to its pre-pandemic level at the turn of the year, while recognising that «people are concerned about global inflation» which is rising at a fast pace as economies reopen aft
Adani Ports Q2 net profit falls 30.51% to Rs 968.34 crore
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The countryâs largest integrated logistics player had clocked a consolidated net profit of Rs 1,393.69 crore in the same period a year earlier, the company said in a BSE filing.
Uber partners with Hertz to offer 50,000 Tesla rentals to US ride-hail drivers
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Uber drivers can rent a Tesla through Hertz starting on November 1 in Los Angeles, San Francisco, San Diego and Washington DC, with the program later this year expanding to cities nationwide, the ride-hail company said in a blog post.
Swiss Re to buy 23% stake in Paytm Insuretech for about Rs 920 crore
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Paytmâs insurance unit, Paytm Insuretech (PIT), plans to leverage Paytmâs customer base and merchant ecosystem to develop innovative insurance products.
Airtel CEO warns users about cyber-fraud cases becoming #39;alarmingly frequent#39;
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In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming «alarmingly frequent».
Lotus Herbals attains 32% strategic stake in Fixderma India
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With this move, Lotus Herbals now plans to foray into the dermaceutical segment offering a premium range of skincare and hair care products that bridge prescription-based products and over-the-counter cosmetics
CCI raids Associated Alcohols, Som Distilleries in price fixing probe: Report
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The Competition Commission of India (CCI) officials were conducting search and seizure operations across several cities and the case is about the companies allegedly violating anti-trust laws by colluding on prices while seeking necessary regulatory approval
Snapchat touches 100 million user mark in India, aims to further strengthen localised experiences
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Snap Inc, the parent company of Snapchat, virtually hosted the second edition of #39;Snap in India#39;. At the event, Snap co-founder and CEO Evan Spiegel announced the milestone of reaching 100 million Snapchatters monthly in India.
Google-parent Alphabet profit soars to over $18 billion
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Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform that give it extensive global influence.
Axis Bank Q2: A winner on asset quality, now eyeing growth
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Even without factoring in the value of the subsidiaries (that could be a meaningful value driver in future), Axis Bank trades at a discount to its larger private sector peers. We see the valuation gap narrowing with the return of growth
Neobank Zolve raises $40 million in Series A round at a valuation of $210 million
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The startup, which helps US-bound students and working professionals secure a bank account before taking off, has seen 70,000 signups since its launch in September. Zolve is aiming to become a full-stack financial services provider
Enterprise software startup OSlash raises $2.5 million in seed funding round
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The pre-series A funding round also saw participation from Dylan Field, CEO and founder of Figma; Akshay Kothari, COO of Notion; Girish M, CEO of Freshworks; and other top executives from Quora, Stripe, and Airtable, it said in a statement.
Birlasoft Q2 net profit surges 49.2% to Rs 103.1 crore, announces dividend of Rs 1.5/share
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The company#39;s headcount stood at 12,065 as of September 30, 2021, versus 11,508 in June 2021 quarter. The company added 557 professionals on a sequential basis and 2,055 on a year-on-year basis.
Persistent Systems Q2 profit jumps 58.6% to Rs 161.7 crore
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During the quarter, the company had announced the acquisition of Software Corporation International and Shree Partners, forming a new Payments business unit and furthering its expertise in cloud and IT Infrastructure.
India targets major global firms including Tesla, Samsung for local battery manufacturing
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The move is part of a broader $2.4 billion incentive program to boost battery manufacturing for which the government has begun inviting investment proposals from companies.
Mills sign contract to export 1.8 mn tonnes sugar so far in 2021-22 season: Govt
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Terming the COVID pandemic, climate change and conflicts as major challenges, the secretary said the availability of sugar at affordable rates needs to be ensured.
White House: Biden will discuss energy prices, supply chain woes on G20 trip
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Sullivan said the United States and Europe were united ahead of the two summits and noted that China#39;s President Xi Jinping and Russian President Vladimir Putin were not attending.
Sanofi India net profit at Rs 530 crore in September quarter
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Sanofi India board in its meeting held on July 27 had approved a transaction for slump sale and transfer of its nutraceuticals business to Universal Nutriscience for a consideration of Rs 587 crore.
Policybazaar IPO to open on November 1, price band Rs 940-980 a share
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The IPO will close on November 3 and the date for finalisation of basis of allotment with the designated stock exchange has been stated as November 10.
Canara Bank#39;s Q2 net jumps 3-folds to Rs 1,333 crore on higher non-interest income
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Non-interest income grew by 38 percent to Rs 4,268 crore from Rs 3,103 crore in the corresponding quarter of the previous fiscal. Fee-based income increased by 20 percent to Rs 1,463 crore from Rs 1,219 crore in the same quarter of fiscal 2021.
Non-fungible tokens (NFTs) have taken the digital world by storm. This digital asset is selling like some exotic item, sometimes fetching millions of dollars. Hereâs all you need to know about this new tech trend.
Gold prices flat at Rs 48,171/10 gm on firm rupee, weak global cues; silver slips Rs 200 a kg
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HDFC Securities#39; Tapan Patel expects gold prices to trade sideways to down with COMEX spot gold resistance at $1810 and support at $1785 per ounce. MCX Gold December support lies at Rs. 47900 and resistance at Rs.48400 per 10 gram.
