BUSINESS
India needs to become a quality conscious nation: Piyush Goyal
Addressing a seminar on Bureau of Indian Standards (BIS) - emerging global trends in laboratories of Atmanirbhar Bharat, Commerce Minister Piyush Goyal said that until India becomes a leader in quality, it will not be able to become a developed economy.
Meta India head Ajit Mohan moves on
"Over the last four years, he played an important role in shaping and scaling our India operations so they can serve many millions of Indian businesses, partners and people," Nicola Mendelsohn, Vice President, Global Business Group, Meta, said in a statement to IANS.
HDFC logs Rs 4,454 crore net in Q2
In a regulatory filing, HDFC said it had logged an operational revenue of Rs 15,027.21 crore (Rs 12,215.95 crore Q2FY22) and a net profit of Rs 4,454.24 crore (Rs 3,780.50 crore) for the period ended September 30. For the first half of FY23 HDFC registered an operational revenue of Rs 28,27.52 crore (Rs 23,873.42 crore) and a net profit of Rs 8,123.06 crore (Rs 6,781.17 crore).
Adani Total Gas announces H1 FY23 results
"ATGL continued with full vigour and resilience in significantly augmenting and investing in creating backbone CGD infrastructure across all its Geographical Areas with crossing 6.25 lakh PNG Home Connections mark, crossing of 10,000 inch-km of steel pipeline, enhancing PNG supplies to 6,088 businesses/industries and enhancing CNG footprint to 367 stations," said Suresh P. Manglani, CEO of Adani Total Gas.
Qualcomm will provide 5G modems for 'vast majority' of iPhone 15 series
Akash Palkhiwala, Chief Financial Officer at Qlaucomm, said during the company's fiscal Q4 earnings call that for Apple product revenue, "we now expect to have the vast majority of share of 5G modems for the 2023 iPhone launch, up from our previous 20 per cent assumption".
'Not receiving any instructions from Vijay Mallya', lawyer to SC
A bench comprising Justices D.Y. Chandrachud and Hima Kohli asked the lawyer to provide Mallya's email and residential address in the UK to the court registry. Counsel submitted that he wants to be discharged from the case since he is not receiving any instructions from Mallya.
SC asks AIIMS to examine health of DHFL ex-CMD, seeks report within week
The ED arrested Kapil Wadhawan and his brother Dheeraj Wadhawan under the provisions of the Prevention of Money Laundering Act (PMLA), after registration of a CBI FIR. Rohatgi pressed that his client is entitled to go for treatment of his choice and requires constant medical attention which is not possible in jail.
India's gaming market reaches $2.6 billion with 507 million gamers
The country now has about 120 million paid gaming users with at least $20 revenue per user, according to the report by Lumikai, a gaming and interactive media venture capital fund. With 15 billion downloads, India was the world's largest consumer of mobile games in FY22.
Phone sales will drop much more than expected in 2022: Qualcomm
Announcing the fiscal fourth quarter results, Cristiano Amon, President and CEO of Qualcomm, said that "while our financial outlook is being temporarily impacted by elevated channel inventory, our diversification strategy and long-term opportunities remain unchanged".
Samsung appoints ex-trade minister as one of its 2 new outside directors
Samsung said its shareholders approved the appointment of Yoo Myung-hee -- a former trade minister and deputy minister in charge of negotiations for free trade agreements -- as its new outside director.
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