The employee union of state-run telecommunications firm BSNL has urged the government to leverage Vodafone Idea’s infrastructure to offer 4G services in India, aiming to enhance competitiveness against private counterparts. In a letter dated February 13 addressed to Telecom Minister Ashwini Vaishnaw, P Abhimanyu, General Secretary of the Bharat Sanchar Nigam Limited Employee Union (BSNLEU), […]
Rudra Gas Enterprise marked a robust debut on February 15, with its stock listing at a 90 percent premium to the IPO price. Trading on the BSE SME, the stock opened at Rs 119.7, significantly higher than the issue price of Rs 63. This listing performance was in line with expectations, as Rudra Gas shares […]
Nvidia has surpassed Google-parent Alphabet in stock market capitalization, securing the third position among U.S. companies just ahead of its upcoming fourth-quarter results announcement. The surge in demand for the Silicon Valley company’s chips, primarily used in artificial intelligence computing, has propelled its stock by an impressive 231% over the past year, reaching record highs […]
BGR Energy Systems reported a widened loss of Rs 691.38 crore in the December quarter compared to the same period last year, primarily attributed to increased expenses. According to a BSE filing, the company’s consolidated net loss for the quarter ending on December 31, 2022, stood at Rs 59.22 crore. Total expenses surged to Rs […]
The Enforcement Directorate (ED) has reportedly launched an inquiry into Paytm Payments Bank, as per sources cited by CNBC-TV18. However, ET Online has not independently verified this information. The investigative agency initially sought additional details from the Reserve Bank of India (RBI), which had directed Paytm Payments Bank to scale down a significant portion of […]
The National Company Law Appellate Tribunal issued a stay on the NCLT Mumbai bench’s order to commence a Corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, the company behind the fantasy sports platform Dream11. The tribunal also directed the Interim Resolution Professional (IRP), appointed by the NCLT after suspending Dream11’s board, to refrain from taking […]
Uber Technologies (UBER.N) announced on Wednesday its plan to repurchase up to $7 billion worth of company shares following a robust recovery in its ride-share segment and strong demand for its food delivery business. The company’s stock surged over 5% to $72.50 in pre-market trading. Uber’s Chief Financial Officer, Prashanth Mahendra-Rajah, stated, “Today’s approval of […]
Sony Group Corp. announced its intention to list its financial arm in October 2025, marking a significant move for the conglomerate to inject substantial capital following a reduction in forecasts for its core gaming division. The decision to partially sell Sony’s financial group was disclosed alongside the company’s earnings report and revised projections for the […]
On February 14, the National Stock Exchange (NSE) announced plans for a special trading session on March 2, incorporating an intra-day switch over to its disaster recovery site. The objective of this initiative is to fortify the exchange’s resilience in the face of any unforeseen events that could disrupt its normal operations. According to NSE, […]
The Delhi High Court, on February 14, has directed SpiceJet and Engine Lease Finance BV to propose agencies capable of assessing engines, amid their conflicting claims regarding the condition of a leased engine. The engine, currently held by SpiceJet, is at the heart of a legal dispute between the two parties, with the lessor accusing […]