Hero MotoCorp, one of the big two-wheeler companies, has performed well in the third quarter of the current financial year. Its sales increased by 21 percent on year-on-year basis to about 14.6 lakh units. There has been a growth of 51 percent in the company’s revenue and it is Rs 9,724 crore. Sales of the…
Mahindra and Mahindra, one of the largest automobile companies, has retained its position as the largest SUV maker in the third quarter of the current financial year. The company’s SUV sales have increased by more than 30 percent. Its Scorpio-N and Scorpio Classic are getting good response. The company’s profit has increased by more than…
The country’s largest software company Tata Consultancy Services (TCS) has said that it has no plans to reduce hiring. However, the company has said that it will hire as per the demand. Recently Nasscom, an organization of software companies, had said that in the last financial year this industry has added only 60,000 jobs. K…
The country’s largest car maker Maruti Suzuki has achieved record profit in the fourth quarter of the last financial year. The company is getting strong demand for Sports Utility Vehicles (SUV). Apart from this, its margin has increased due to some reduction in manufacturing cost. Maruti Suzuki’s consolidated net profit in the January-March quarter increased…
K Krithivasan, Chief Executive Officer (CEO) of Tata Consultancy Services (TCS), the country’s largest software company, received a package of more than Rs 25 crore last year. Krithivasan took charge of the company last year. He had replaced Rajesh Gopinathan. The company’s annual report states that Krithivasan has received a salary of approximately Rs 1.27…
Government telecom company Bharat Sanchar Nigam Limited (BSNL) plans to launch 4G network rapidly. In the last few months, BSNL has also launched affordable recharge plans. Because of this the number of its subscribers has also increased. BSNL has also prepared to enter the segment of low priced mobiles. In a post on social media…
Japanese consumer electronics company Sony has increased its revenue and profit forecasts for the current financial year. The company’s music and software divisions have performed well in the first quarter. Sony’s operating profit for the quarter ended June increased to JPY 279.1 billion (about $1.9 billion). It was about JPY 253 billion in the same…
Bitcoin, the largest cryptocurrency in terms of market capitalization, had a rise of 3.15 percent on Wednesday. Its price on international exchanges was around $61,060. It was trading at around $64,570 on Indian exchanges. The reason behind the rise in Bitcoin is some improvement in the global political situation and increasing institutional interest in this…
Trading in cryptocurrencies has grown rapidly in the last few years. Along with this, the cases of scams related to this segment have also increased. In a similar case, a software engineer from Pune in Maharashtra lost more than Rs 58 lakh. The cryptocurrency scam happened to this person between July 15 and August 12….
Bitcoin, the largest cryptocurrency in terms of market capitalization, recorded a profit on Monday. Its price on Indian exchanges was up by about one percent at around $58,718. On international exchanges, the price of bitcoin was trading at around $55,170, up more than 1.60 percent. the second largest Cryptocurrency The price of Ether has also…