BUSINESS
Lenskart acquihires DailyJoy, to hire over 100 in 6 months
The Hyderabad tech-hub will provide employment in various teams across product, design and development, quality engineering, front end developers, java developers, android and IOS developers and data science engineers. The aim is to deliver world-class engineering solutions to support Lenskart in expanding its footprint both at home and abroad.
Maruti Suzuki's standalone Q4FY21 net profit down 9.7%
The automobile major cited lower non-operating income owing to mark-to-market loss on invested surplus as one of the key reasons for the decline. However, during the quarter, the company's net sales increased by 33.6 per cent to Rs 22,958.6 crore compared to the same period previous year.
Banks require prior RBI nod for appointment of statutory auditors
The RBI on Tuesday issued of guidelines for appointment of statutory central auditors (SCAs) and statutory auditors (SAs) of commercial banks, excluding regional rural banks, UCBs and NBFCs, including Housing Finance Companies.
Apple captures 48% share in India premium phone market in Q1
Apple maintained its leading position in the India premium smartphone market with nearly 48 per cent share in the first quarter of 2021, according to a new report. Apple witnessed a massive 207 per cent growth (year-on-year) in India in Q1 2021, continuing to carry forward its momentum in the January-March period this year.
Bezos' Blue Origin slams NASA for giving Musk a $2.9B contract
The US space agency was expected to pick two lunar lander prototypes (including one of Blue Origin's) but funding cut from US Congress led the agency to select SpaceX over Blue Origin. In a 175-page protest, Blue Origin has accused NASA of misjudging several parts of its proposal for its lunar lander called Blue Moon, reports The Verge.
Tesla logs $10.4B in sales in Q1 2021, makes $101M in Bitcoin
In its quarterly earnings presented late on Monday, Tesla reported it produced 180,338 vehicles in Q1 and delivered 184,777 vehicles. "In Q1, we achieved our highest ever vehicle production and deliveries. This was in spite of multiple challenges, including seasonality, supply chain instability and the transition to the new Model S and Model X," the company said in a statement.
Sensex up 300 points, metal stocks rise
Healthy buying was witnessed in metal and telecom stocks. Around 10.05 a.m., Sensex was trading at 48,703.10, higher by 316.59 points or 0.65 per cent from its previous close of 48,386.51. It opened at 48,424.08 and has so far touched an intra-day high of 48,710.89 and a low of 48,399.53 points.
Covid resurgence unlikely to impact mid, large-sized construction firms
Most of these companies are focussed on non-urban infrastructure projects which are primarily located in remote areas, or at a distance from metros or large cities, it said. Besides, unlike the first wave, there is no nationwide lockdown and only localised lockdowns or restrictions with exemption for construction activities, it added.
Lockdown in various parts to impact vehicle demand temporarily: Tata Motors
The auto major also said it remains vigilant about the evolving Covid situation and has scaled up efforts to enhance the well-being of its personnel and their supporting ecosystem. "The lockdown enforced in various parts of the country is expected to impact vehicle demand temporarily. Hence, the company has set in motion a comprehensive 'Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers.
Apple pledges $430B, 20K new jobs in US over 5 years
Over the past three years, Apple's contributions in the US have significantly outpaced the company's original five-year goal of $350 billion set in 2018. Apple said it is now raising its level of commitment by 20 percent over the next five years, supporting American innovation and driving economic benefits in every state.
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