Indian smartphone market saw its highest-ever shipment of 36.9 million units in the second quarter (Q2) of 2019 – with 9.9 per cent year-on-year (YoY) and 14.8 per cent quarter-on-quarter (QoQ) growth, a new report said.
Ride-hailing service Ola on Tuesday announced the acquisition of 'pikup.ai', an artificial intelligence (AI) start-up based out of Bangalore, for an undisclosed sum.
Reliance Industries shares saw their biggest intraday rise in a more than a decade on Tuesday after it set a target to reach zero net debt within 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.
India’s domestic passenger vehicle sales fell 30.9% in July, an auto industry body said on Tuesday, marking a ninth straight decline in monthly sales amid a deepening crisis in the autos sector that has triggered massive job losses.
Gold prices scaled their highest in more than six years on Tuesday, as concerns around protests in Hong Kong and an Argentine currency crash amid fears of global economic slowdown, prompted investors to move away from riskier assets.
Faced with the nightmarish prospect of job losses, auto sector employees have sought government's intervention through relief measures for the industry dented by truncating demand.
Specialised automotive component manufacturer Motherson Sumi Systems (MSSL) on Monday reported a decline of 41.67 per cent in its consolidated net profit for the first quarter of 2019-20.
Brazil sugar-ethanol mill maker Dedini Indústrias de Base said on Monday it has signed a cooperation agreement with India’s Praj Industries to sell equipment for ethanol production, including technologies for corn-based biofuels.
RIL chairman Mukesh Ambani on Monday said that the group has a clear roadmap to become zero net-debt company in 18 months.
Mukesh Ambani said Saudi Aramco will acquire 20% stake in RIL's oil-to-chemical business. Speaking to shareholders during the 42nd AGM, Ambani said that the Saudi Arabian Oil Company would buy the stake for an enterprise value of $75 billion.
While fund flows from NBFCs to micro, small and medium enterprises (MSME) have dried up in recent times, official data shows state-run banks too are cautious in lending.
Changing its strategy for India, Swedish home furnishing multinational IKEA is now looking at a multi-channel approach with focus on ensuring accessibility.
India’s industrial output grew 2% in June from a year earlier, government data showed on Friday. Analysts polled by Reuters had forecast June industrial output growth at 1.5%.
The slowdown in the automobile sector and fall in sales seems to be taking a grave turn with auto major Mahindra and Mahindra announcing a production shutdown of 8-14 days in its various plants during the ongoing July-September quarter.
Struggling after a lacklustre initial public offering (IPO) in May, global ride-hailing major Uber has posted its quarter two (Q2) results which is of $5.2 billion, the biggest loss that the company has ever posted.