Byjus: Byju’s India CEO Mrinal Mohit quits; Arjun Mohan to take over as new CEO
NEW DELHI: Top-level departures at Byju’s continue. In a recent development, the startup’s India CEO Mrinal Mohit has quit. In a statement, the company said that Mohit is leaving to “pursue personal aspirations.” Former upGrad India CEO Arjun Mohan who…
Steel: Mangalam Alloys Ltd plans to raise money in SME IPO for business expansion
AHMEDABAD: Gujarat-based integrated stainless steel and special steel manufacturing company, Mangalam Alloys Ltd, is planning to raise up to Rs 54.91 crore from its SME IPO, which opens for subscription on Thursday, September 21, and closes on Monday, September 25….
US firm Micron set to break ground for semiconductor unit in Gujarat; project okayed at record speed
In a significant development, Micron Technology will break ground for its semiconductor testing and assembly plant in Sanand, Gujarat, this Saturday, just three months after announcing its intention to establish the facility. The project, coming up with a proposed investment…
Delhi Master Plan 2041 projected to be $100 billion opportunity; potential to increase per capita income to Rs 4 lakh
The Delhi Master Plan 2041, still pending government approval, is projected to generate $100 billion in economic opportunities over the next two decades, according to an analysis by the Delhi Consortium think tank. According to an ET report, the think…
Sensex, Nifty fall after new highs. What does it mean for investors – Explained
Indian stock markets took a beating on Wednesday with BSE Sensex falling over 600 points and Nifty dipping below the 20,000 mark. Nifty recorded one of its weakest sessions in nearly a month and Sensex is on track for its…
Hdfc Bank: HDFC Bank flags hit to asset quality, margins post merger; shares slide
BENGALURU: India’s top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4% on Wednesday and dragging the blue-chip Nifty 50.HDFC Bank’s…
Vodafone Idea: No plan to acquire Voda Idea, says Verizon exec
CHENNAI: Amid reports that US telecom giant Verizon is among top suitors to acquire cash-strapped Vodafone Idea, a global Verizon official denied such plans on Tuesday.“We are not buying Vodafone, definitely not…It’s not a question of regulatory [climate] but of…
Eye medicine sales grow 5x faster than market
MUMBAI: The ‘pink eye’ outbreak has led to a surge in sales of ophthalmology medicine. Sales jumped nearly 30% year-on-year for the second month in a row in August – outgrowing the overall market by almost five times. The rise…
Asus ropes in Flex to set up India factory
NEW DELHI: Taiwanese laptop major Asus is getting its key component suppliers from China, its biggest manufacturing location, to India as the company sets up a new factory in Chennai through its contract manufacturer Flex, in a boost to the…
Amazon: Amazon plans to hire 250,000 US workers for holiday season
NEW YORK: Amazon said it plans to add 250,000 US workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers. Amazon’s…