BENGALURU: Delhivery reported its first full-year net profit in the 2024-25 financial year, buoyed by continued gains in its part-truckload (PTL) business and improving operational efficiencies.The logistics company also said early customer movement and network synergy from its proposed acquisition of Ecom Express began reflecting in higher daily volumes.Its net profit for FY25 was Rs…
NEW DELHI: Reflecting strong business confidence, India ranked third globally in trademark filings, with nearly 5.4 lakh new applications in 2024, narrowing the gap with the US, the second-biggest filer with a little under 5.7 lakh applications.China maintained its lead with 68 lakh filings, despite a steady three-year decline in activity.According to data shared with…
NEW DELHI: Korean Hyundai will launch 26 new cars in India over the next five years, intensifying competition in the industry as the company invests fresh capital and introduces new vehicles to increase market share amid growing challenges from homegrown Mahindra & Mahindra and Tata Motors.The company said it will invest Rs 7,000 crore in…
MUMBAI: Genesis Advertising and Puretech Digital have merged to form one group entity, Genesis Group. The merger, through a mix of cash and stock, will allow the group to offer its clients a wider suite of both traditional and digital advertising and marketing services. “We tried digital business but did not make much headway.We do…
Consumer sentiment in the United States fell for the fifth straight month in May, driven by growing concerns over inflation linked to President Donald Trump‘s trade policies. According to preliminary data from the University of Michigan, the consumer sentiment index dropped by 2.7 per cent to 50.8- its lowest level since June 2022 and nearly…
India’s wheat procurement has surpassed the previous year’s level, reaching 28.66 million tonnes so far in the 2025–26 marketing year, according to official data released on Thursday. This marked the highest procurement since the 2022–23 marketing year, buoyed by expectations of a record wheat output of 115.3 million tonnes this season.In comparison, total wheat procurement…
Trump has asked Apple CEO to stop iPhone manufacturing in India and relocate production to the United States. Apple has big expansion plans for India – plans that are now being frowned upon by US President Donald Trump. Currently, Apple does not manufacture iPhones in the United States, but Trump wants that to change. Trump…
Novo Nordisk outgoing CEO Lars Fruergaard Jorgensen (Image credit: LinkedIn) Danish pharmaceutical giant Novo Nordisk, maker of popular weight-loss drugOzempic, announced on Friday that CEO Lars Fruergaard Jorgensen will step down, citing ongoing “market challenges” and a significant drop in the company’s share value. The board and Jorgensen reached a mutual decision to initiate a…
US markets showed slight gains in trading on Friday, continuing their recent upward momentum. With minimal news driving trading, market participants awaited the latest updates on consumer sentiment and inflation. The Dow Jones Industrial Average edged lower by 37.71 points to 42,285.04 (-0.09%), while the Nasdaq Composite rose 31.66 points to 19,143.98 (+0.17%) at the…
Gopichand P Hinduja (Image credit: Hinduja website) Gopi Hinduja and his family retained their position as Britain’s wealthiest, according to The Sunday Times Rich List, despite a drop in their overall fortune. The Hinduja family’s net worth now stands at £35.3 billion, down from £37.2 billion the previous year.Gopichand Hinduja, who belongs to the second…
