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Daily Archives: Nov 10, 2022

Flipkart burns over USD 3.7 billion cash in a year till September 2022

E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory...

Elon Musk sells $3.95 billion worth of Tesla stock

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for...

India becomes Skoda’s third- largest market

Skoda Auto India sold 38,300 cars during January-September 2022, up 186.9% over the same period last year, which makes India its third-largest market globally, after...

HUL, GSK Asia and GSK Consumer will terminate distribution agreement

Fast-Moving Consumer Goods (FMCG) major Hindustan Unilever, GlaxoSmithKline Asia, and GlaxoSmithKline Consumer have mutually agreed to terminate the distribution agreement of Over-The-Counter (OTC) products. The OTC products...

Toyota Kirloskar forays into CNG segment; introduces 2 new models

Toyota Kirloskar Motor on Wednesday announced its foray into the CNG segment with the launch of Glanza and Urban Cruiser Hyryder trims with the environment-friendly powertrain. The two CNG trims...

Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years

Edelweiss Financial Services group plans to further reduce its wholesale loan portfolio, which sits on the balance sheet in the next two years, to Rs 2,900 crore by...

Govt to sell up to 1.55% in Axis Bank held through SUUTI

The union government, through the Specified Undertaking of the Unit Trust of India (SUUTI), a promoter of Axis Bank, will sell up to 1.55%...

Amazon becomes world’s first public company to lose $1 trillion in market value

Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary...

HDFC Mutual Fund launches business cycle fund

HDFC Asset Management Company Ltd has announced the launch of a business cycle fund, which aims to invest in businesses likely on the cusp...
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