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Business - Page 215

Markets hopeful of 2023

Nifty opened higher and remained in positive territory throughout the day to close with gains of 92 points at 18,197 levels. Majority sectors ended in green…reports Asian Lite News Indian bourses welcomed
January 4, 2023

Zomato sees another high-profile exit

In a regulatory filing, Zomato said that Patidar was one of the first few employees of Zomato and built the core tech systems for the company….reports Asian Lite News Online food delivery
January 4, 2023

Tesla misses goals amid Twitter distraction

In the fourth quarter, Tesla produced over 439,000 vehicles and delivered over 405,000 vehicles…reports Asian Lite news Elon Musk-run Tesla has missed its target of 50 per cent growth in production and
January 4, 2023

Dell leads Indian mainstream server market

It was the 5th consecutive quarter of leadership position in the respective server market for the company…reports Asian Lite News Dell Technologies led the Indian x86 mainstream server market with 43.7 per
January 4, 2023

Swiggy’s losses doubled in FY22

According to Entrackr, outsourcing support cost accounted for 24.5 per cent of the total expenses of the company….reports Asian Lite News Online food delivery platform Swiggy’s losses doubled to Rs 3,629 crore
January 2, 2023

CarDekho narrows losses by 28% in FY22

The company informed that it has Rs 1,000 crore in net cash and has a clear path to achieve profitability by FY24…reports Asian Lite News IPO-bound car search platform CarDekho Group on
January 2, 2023

Reliance retail buys 51% stake in Lotus Chocolate

The release said that the parties have also executed a shareholder’s agreement governing certain inter se rights and obligations….reports Asian Lite News Reliance Consumer Products Ltd (RCPL), a wholly-owned subsidiary of Reliance
December 30, 2022

Major rejigs in Alibaba

In a separate move, Jeff Zhang will focus on his role as head of the Alibaba DAMO Academy and no longer serve as President of Alibaba Cloud Intelligence….reports Asian Lite News In
December 30, 2022
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