Seoul, Oct 8 (SocialNews.XYZ) LG Electronics on Tuesday estimated its third-quarter operating profit sank 20.9 per cent from a year earlier, missing market expectations, due to increased logistics and marketing costs. Its operating profit came…
Seoul, Oct 8 (SocialNews.XYZ) Samsung Electronics on Tuesday estimated its third-quarter (Q3) operating profit nearly tripled, but missed market expectations due to the lukewarm performance of its high-end memory chips used in artificial intelligence (AI)…
New Delhi, Oct 7 (SocialNews.XYZ) Alarmed at growing customer complaints against Ola Electric and poor conditions at its service centres across the country, the Central Consumer Protection Authority (CCPA) has issued a show-cause notice to…
New Delhi, Oct 7 (SocialNews.XYZ) India saw an impressive 86 per cent increase in power generation via renewable energy since 2014, from 193.5 billion units (BU) to 360 BU, Union Minister of New and Renewable…
Nairobi, Oct 7 (SocialNews.XYZ) Kenya has called on the International Monetary Fund (IMF) to conduct an official review of the country’s corruption and governance issues, a senior government official said on Monday. Prime Cabinet Secretary…
Colombo, Oct 7 (SocialNews.XYZ) The World Bank and the Sri Lankan government signed on Monday for an additional 200 million U.S. dollars for economic reforms in the country, according to a statement from the World…
Mumbai, Oct 7 (SocialNews.XYZ) Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, on Monday commenced its India operations after obtaining the necessary regulatory approvals and opening its office in the GIFT City…
New Delhi, Oct 7 (SocialNews.XYZ) The Directorate General of Civil Aviation (DGCA) on Monday asked operators of Boeing 737 aircraft with a specific rudder part to not use the planes for low-visibility landings. The aviation…
Mumbai, Oct 7 (SocialNews.XYZ) Automotive company Hero Motors on Monday withdrew its Rs 900 crore draft initial public offering (IPO) papers filed with the Securities and Exchange Board of India (SEBI). Hero Motors had filed…
New Delhi, Oct 7 (SocialNews.XYZ) About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday. The total number of cryptocurrencies has been floating between 8,500…
New Delhi, Oct 7 (SocialNews.XYZ) Driven by robust rural demand, Indian e-commerce market is expected to reach $325 billion in 2030, with a strong 21 per cent compound annual growth rate (CAGR), a report said…
New Delhi, Oct 7 (SocialNews.XYZ) The growth in the fast-moving consumer goods (FMCG) sector — buoyed by rural demand recovery, easing inflation and favourable monsoon conditions — will be key to shaping a strong and…
New Delhi, Oct 7 (SocialNews.XYZ) The securitisation volumes of standard assets in India reached Rs 60,000 crore in the July-September period in FY25, a growth of 36 per cent on quarterly basis and 31 per…
Mumbai, Oct 8 (SocialNews.XYZ) Indian frontline indices closed in the deep red on Monday as investors played cautious due to the Middle East conflict. At closing, Sensex was down 638 points, or 0.78 per cent,…
Mumbai, Oct 7 (SocialNews.XYZ) India’s banking sector is on the cusp of rapid growth, with rising RoE (Return on Equity), robust asset quality, and key infrastructure financing opportunities in the coming decade, a report said…
New Delhi, Oct 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) is likely to maintain the status quo in its Monetary Policy Committee (MPC) meeting, said industry experts on Monday, as the much-anticipated three-day meeting…
New Delhi, Oct 7 (SocialNews.XYZ) The Steel Authority of India Limited (SAIL) on Monday announced a collaboration with leading global resources company BHP to accelerate steelmaking decarbonisation in the country. SAIL, the largest government-owned steel…
New Delhi, Oct 7 (SocialNews.XYZ) Mumbai Metro-3 or the Aqua Line which is the city’s first underground Metro service officially opened for the public on Monday. Mumbai Metro-3 was inaugurated by Prime Minister Narendra Modi…
New Delhi, Oct 7 (SocialNews.XYZ) Denying “unfounded rumours” of ill health, industrialist Ratan Tata on Monday said he was in “good spirits”. His comments came as several media reports claimed that the 86-year-old was rushed…
New Delhi, Oct 7 (SocialNews.XYZ) The domestic alcoholic beverages industry is likely to see 8-10 per cent revenue in FY25, led by steady demand for beer and a revival in consumption of spirits, along with…