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The farmed shrimp industry is expected to grow by 11 per cent against a global growth rate of 5.6 per cent, as per government estimates.

Indian Immunologicals enters Aquaculture Health Segment to tap farmed shrimp and fish market

Oct 04, 2022

Indian Immunologicals Ltd (IIL), as a health company, produces multiple types of vaccines for multiple species such as humans, cattle, sheep and goats, pigs, and companion animals.

The ambulance also promises to be a boon to patients in rural and remote areas located far away from healthcare facilities.

Medulance Healthcare to use 5G service from Reliance Jio for smart ambulance services

Oct 04, 2022

Medulance Healthcare ambulance connected with high-speed 5G aims to transform the landscape of emergency healthcare in rural India by connecting an ambulance to a hospital, almost anywhere in the country.

The MSME sector contributes about 30 per cent to India’s GDP, and 45 per cent to India’s exports.

IDBI Bank forays into ONDC to help MSMEs set up their digital stores

Oct 04, 2022

This announcement came in the wake of a slew of initiatives the bank announced on the occasion of its 59th edition of its Foundation Day.

Cristiano R. Amon, President and CEO of Qualcomm -- Image source: Reuters

Qualcomm upbeat to use supplier fab in India: CEO Cristiano Amon

Oct 04, 2022

Qualcomm, like many governments, wants to have a resilient and global, diversified semiconductor supply chain. Amon says it is not about just manufacturing advanced semiconductors alone as there is an entire ecosystem to go around.

TCS, Infosys, and Wipro are among the top Indian IT companies.

Infosys, Wipro, TCS: Can IT companies prohibit ex-employees from working with rivals?

Oct 04, 2022

Business Today reviewed employment contracts of the top Indian IT companies like TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra and also spoke to lawyers to get more insight about the same. 

Manufacturing will take place in Sanmina’s 100-acre campus in Chennai with a focus to potentially expand to new manufacturing sites in India based on business needs.

Mukesh Ambani-led RIL’s subsidiary RSBVL, Sanmina announce completion of JV

Oct 04, 2022

As per this partnership, RSBVL will leverage its expertise and leadership in India’s business ecosystem whereas Sanmina’s management team in Chennai will manage the day-to-day business.

Flipkart faces backlash for cancelling orders and delay in shipment

Orders cancelled, shipping delayed, accounts blocked! Flipkart service issues infuriate buyers

Oct 04, 2022

Netizens took to social media to share screenshots of their cancelled orders. While some have said that they are waiting for a refund, some said that their orders were shipped days ago, but have not yet been delivered.

Dia Mirza is a strong proponent of environmental conservation and sustainability. Her focus on protecting the environment and promoting sustainable living is reflected in her investment choices.

'Every child is precious': Why Dia Mirza backed this Mumbai-based kids-wear brand

Oct 04, 2022

Greendigo was started in 2019 by Meghna Kishore and Barkha Das. It sells clothes for babies till the age of two years through its website and ecommerce platforms.

Despite being a Dabur lifer, Mohit Malhotra was made the CEO in 2019 only after being put through a battery of rigorous tests  

What does it take to become Dabur’s CEO? 24x7 on-camera Bigg Boss-style life for 10 days

Oct 04, 2022

After all, Dabur couldn’t afford to go wrong again, having burnt their fingers with their first professional CEO.

Car makers such as Maruti, Hyundai, Tata, Mahindra, and several others dispatched a total of 3,54,956 passenger vehicles in September 2022.

Maruti Suzuki sold 1.48 lakh vehicles in September; Hyundai near 50,000 and Mahindra close to 35,000

Oct 03, 2022

Mahindra recorded its highest ever monthly wholesales of 64,486 vehicles in September, a two-fold jump as compared with the year-ago period. It now holds fourth place among domestic carmakers in terms of dispatches to dealers.

Moonlighting is not 'ideal', but can't be termed as 'cheating': BT Poll

Moonlighting is not 'ideal', but can't be termed as 'cheating': BT Poll

Oct 03, 2022

As per the BT Poll, the majority of voters are against the practice of moonlighting as they feel that Indian companies must ban this practice, but they also felt that this practice is not exactly 'cheating' with the current employers.

Incofin Investors & Mufin Green Finance

Incofin India invests Rs 45 crore in EV finance firm Mufin Green Finance

Oct 03, 2022

Kapil Garg, co-founder and MD of Mufin Green Finance, in a statement, said that this funding has put us at the forefront of the organised EV financing sector.

Sameer Nigam, Founder and CEO, PhonePe

PhonePe moves its businesses, subsidiaries from Singapore to India

Oct 03, 2022

Currently, PhonePe is a leader in the Unified Payments Interface (UPI) and owns a lion’s share of 46.36 per cent in the UPI ecosystem. In addition to this, the company also plans to go public by 2023.

LIC increases its stake in Dr Reddy's Laboratories to 7.7%

LIC increases its stake in Dr Reddy's Laboratories to 7.7%

Oct 03, 2022

Life Insurance Corporation of India (LIC) earlier held around 5.65 per cent stake in the company, Dr Reddy's Laboratories (DRL) said in a regulatory filing.

Qualcomm says registrations for the program will remain open, and new applicants will be evaluated periodically for inclusion in the mentorship program.

Qualcomm selects four semiconductor start-ups for mentorship program

Oct 03, 2022

The four shortlisted start-ups include FermionIC Design Pvt Ltd, Powency Circuit Private Limited, Pantherun Technologies Pvt Ltd and Simyog Technology Private Limited.

Honda Cars India with this initiative aims to enhance the consumer’s ease of buying experience.

Honda Cars offers 'Drive in 2022, Pay in 2023' finance scheme for City, Amaze buyers

Oct 03, 2022

Honda Cars India with this initiative aims to enhance the consumer’s ease of buying experience. The auto maker’s special festive scheme ‘Drive in 2022, Pay in 2023’ is in force with immediate effect and will be available till October 31, 2022.

Prosus terminates deal to acquire BillDesk

PayU’s $4.7 bn deal to acquire BillDesk terminated

Oct 03, 2022

Prosus NV said in a filing that the completion of the deal was subject to a host of approvals, along with CCI’s nod, but certain conditions were not fulfilled by the deadline.

Mahindra sales see record jump in September

129% growth! Mahindra sees highest-ever monthly vehicle sales in Sept

Oct 03, 2022

Mahindra has said that it has claimed the No 1 position when it comes to sales of SUVs with the highest-ever sales of 34,262 units – a growth of 166 per cent from September 2021.

Adani Ports and SEZ sees a growth in Sept volumes

Adani Ports & SEZ records 13% on-year growth in cargo volume in Sept

Oct 03, 2022

Adani Ports & SEZ said that in the first six months of FY23, APSEZ managed 177.5 MMT of cargo, an increase of 11 per cent over the corresponding period last year.

With a share of 18% each, Xiaomi and Samsung jointly lead the smartphone market in India, the second largest in the world after China, according to data from Counterpoint Research.

Xiaomi to protect its business interests after ED freezes assets

Oct 03, 2022

The Chinese smart device firm said in a statement on Sunday that over 84% of the 55.51 billion Indian rupees seized by the Enforcement Directorate earlier this year was royalty payments made to US chip company Qualcomm Group.

Reliance Industries Ltd Chairman Mukesh Ambani with Reliance Jio Senior Vice President Aayush Bhatnagar at Reliance Jio's stall during the 6th India Mobile Congress

Have deployed a standalone 5G network to leapfrog ahead: Reliance Jio

Oct 02, 2022

The country’s largest telco said, it is ready to roll out standalone 5G NAAS targeting 4.8 million Indian enterprises.