Business news: In 2022, the prime minister had launched the National Logistics Policy (NLP) to ensure quick last-mile delivery, end transport-related challenges, save time and money of the manufacturing sector and ensure desired speed in the logistics sector.
Business news: Pichai's salary, however, has remained steady at $2 million for the past three years, according to reports. On January 20, Google CEO confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.
India's forex reserves rose by USD 1.657 billion to USD 586.412 billion as of April 14, marking their second consecutive week of increase.
If New Delhi based company declares bonus, this would be second such corporate action within a year.
Tesla business news: Tesla shares fell 4 per cent in after-hours trading late on Wednesday (April 19). In an earnings call with analysts, Musk said Tesla will start delivering its long-delayed Cybertruck in the third quarter of 2023.
Business news: Over time, Netflix has adapted our prices to meet local needs and to further deepen its penetration, it lowered prices in India by 20-60 per cent in December 2021.
Samsung business news: The pay raise is lower than the 9 per cent wage hike of the previous year, which was the highest in a decade, and lower than the initial demand from the workers.
The split announcement comes within a year of bonus issue. The company in July last year declared 1:2 bonus for its shareholders. It means that each shareholder were given 1 bonus share for every two shares held by them.
Sitharaman lambasted the Western media which has a tendency to document only inimical happenings to create an atmosphere of anxiety among the business fraternity.
The aerospace and defence company in an exchange filing informed that its equity shares will split in the ratio of 10:1. It means that each equity shares with a face value of Rs 10 will be sub-divided into 10 shares.
The allotment will be finalised on April 12 by the company. Unistone Capital Pvt Ltd is the Book Running Lead Manager (BRLM) to the issue and Skyline Financial Services Pvt Ltd. is the registrar.
The Securities Transaction Tax (STT) on options is proposed to be increased to 0.0625 per cent from 0.05 per cent and on futures contracts to 0.0125 from 0.01 per cent.
This came nearly three days after the shares of Credit Suisse sank over 30% after its biggest shareholder — the Saudi National Bank — announced it would not provide more money to the Swiss lender.
E-commerce will soon be on the frontier, and companies should indeed prepare in the meantime to accept it. Each of these trends has already been growing rapidly and will probably certainly remain to do so into 2023 and even beyond.
The new face value of each share will be Re 1 after the split takes effect. Also, the market price of each share will also be adjusted in the split ratio.
We have 3 state-of-the-art manufacturing plants equipped with modern machines and have well-established testing and quality inspection labs, says True Power MD Hari Om Tiwari
Balu Forge is setting up a manufacturing facility in Belagavi town of Karnataka to increase production. During the Q3FY23, the company's net profit jumped by 38 per cent increase to Rs 11.45 crore YoY.
Meta layoffs 2023: The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard, The Wall Street Journal reported on Friday (March 10).
IRB Infrastructure toll collection: IRB Infra recently split its equity shares in a 10:1 ratio, meaning one share was divided into 10 shares bearing a face value of Rs 1 each. The company's order book currently stands at Rs 20,892 crore, including a construction order book of Rs 9,714 crore.
USDT's dominance in the stablecoin market exceeded 54%, marking its highest point since November 2021.
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