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Home  Business

Business

Zomato shares jump over 14 pc; hit 52-week high after posting first-ever quarterly profit

Zomato shares jump over 14 pc; hit 52-week high after posting first-ever quarterly profit

  • Dunzo seller app joins ONDC; aims to onboard 20,000 merchants in 45 days

    Dunzo app, which joined the ONDC less than two weeks ago, is already witnessing high volumes, according to a senior executive
  • Qualcomm stock slips amid likely job cuts in slowing smartphone market

    The company delivered revenues of $8.4 billion, a 23 per cent year-over-year drop and 52 per cent decrease in net income to $1.8 billion, mainly due to an ongoing slump in the smartphone industry.
  • Odysse to supply 10,000 e-scooters to 2-wheeler MaaS player Bud-e

    Premium electric vehicle maker Odysse on Thursday announced a strategic collaboration with electric two-wheeler MaaS provider Bud-e.
  • Go First can’t fly lessors’ aircraft as of now: Delhi High Court

    The high court termed as “misconceived” the contention of the RP that 2 of the 10 aircraft have been flown by Go Airlines
  • Indian equities see profit booking for third consecutive day

    Indian equities saw profit booking for third consecutive day amid weak global cues ahead of BOE interest rate decision
  • Sensex, Nifty fall for 3rd day on weak global trends, foreign fund outflows

    Losses in ICICI Bank and HDFC Bank also added to the ongoing weak trend in the benchmark indices
  • Go First flight cancellations extended until August 6 citing ‘operational reasons’

    Go First airline has announced a further extension of flight cancellations till August 6, the airline announced in a tweet
  • Centre imposes import restrictions on laptops, tablets and computers for security reasons

    Importers of these items would now have to seek permission or license from the government for their inbound shipments
  • Entities violating digital data protection norms to face penalty of up to Rs 250 cr: DPDP 2023

    Under the schedule, maximum of Rs 250 crore and minimum Rs 50 crore can be imposed on entity violating the norms
  • Adani Enterprises Q1 PAT grows 44 percent to Rs 677 cr

    Adani Enterprises on Thursday posted 44.41 per cent jump in consolidated profit after tax (PAT) at Rs 676.93 crore for June quarter 2023-24 on account of reduced expenses.
  • Rupee under pressure as stock markets selloff: Analyst

    Indian benchmark indices felt the heat with major corrections seen of around 2.50 per cent in the last two days keeping rupee at lower levels, Jateen Trivedi, VP Research Analyst said
  • Bank of England raises its key interest rate to 15-year high to fight inflation

    The Bank of England raised its main interest rate Thursday to a fresh 15-year high as it tries to bring down persistently high inflation.
  • Zomato posts first quarterly profit since 2021 listing

    Zomato reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30.
  • Markets fall in early trade on weak global trends, foreign fund outflows

    The 30-share BSE Sensex fell 299.99 points to 65,482.79. The NSE Nifty declined 87.5 points to 19,439.05.
  • Rupee falls 5 paise to 82.72 against US dollar

    Sustained foreign fund outflows, strength of the American currency in the overseas market further dented sentiments, forex traders said.
  • Imposition GST on deposits could potentially eliminate 80% of online gaming industry

    They assert that the majority of the casualties will be concentrated in MSMEs and startups that host new-age business models.
  • Rupee sees steepest fall in nearly six months; settles at 82.67 against US dollar

    This was the biggest single-day fall for rupee in nearly six months. The Indian currency had witnessed the steepest intra-day fall of 68 paise on February 6
  • 28 per cent GST on online gaming stays; to be reviewed after 6 months of roll-out

    GST Council on Wednesday decided to levy a 28 per cent GST on online gaming and casinos on the face value of bets at entry level
  • Reliance surges 16 places, ranks 88 on Fortune Global 500 list

    Reliance Industries has maintained its highest ranking among Indian corporates in the latest Fortune Global 500 list, jumping 16 places to rank at number 88.
  • Fortune Global 500 list: Reliance Industries jumps 16 places, ranks 88

    India had eight companies in the Fortunes Global 500 list this year five of them from the public sector IOCL, LIC, ONGC, BPCL and SBI and just three from the private sector
  • Adani Wilmar reports Rs 79 cr loss in April-June quarter due to fall in edible oil prices

    Edible oil major Adani Wilmar had posted a net profit of Rs 194 crore in the year-ago period
  • Indian stocks dip sharply on weak global market cues

    Almost a fortnight ago, Indian stock indices had touched their fresh highs and in the process, the benchmark Sensex topped the 67,000 mark for the first time.
  • Lava Unveils new smartphone with glass back finish, 5,000 mAh battery

    According to a statement from the company, the 'Yuva 2' smartphone, priced at Rs 6,999, will be available across Lava's retail network starting Wednesday.
  • Rupee falls 19 paise to 82.41 against US dollar

    Forex traders said the rupee is trading lower on strong dollar and foreign fund outflows over the past few days.
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