Tag: News

Nykaa reports 79% rise in Q1 net profit

Synopsis Nykaa's parent company, FSN E-Commerce, witnessed a substantial 79% surge in net profit, reaching Rs 24.47 crore in the fiscal first quarter, driven by...

Saudi Arabia’s money supply hits $832bn as time deposits share reach 16-year high

RIYADH: Saudi Arabia’s money supply rose to a record SR3.12 trillion ($832 billion) in June, marking a 7.63 percent annual increase, driven predominantly by...

Closing Bell: TASI closes at 10,791 with active trading of $1.24bn

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 107.47 points on Monday, or 0.99 percent, to close at 10,791.64.  Total trading turnover reached SR4.66 billion ($1.24...

Saudi POS transactions rise 31.5% to $4.16bn

Food and beverage category remained the largest in value at SR2.34 billion Spending at restaurants and cafes increased by 22.8% to SR1.90 billion RIYADH: Point of...

Spacetech startup Dhruva Space to launch maiden commercial mission with Australian collaboration

Synopsis The Hyderabad-based company is set to launch LEAP-1 aboard a SpaceX Falcon 9 rocket in the third quarter of 2025. LEAP-1 will carry two...

Saudi Arabia’s SABIC maintains $1.19bn dividend, signaling sector confidence

Shareholders owning company shares will receive a dividend of SR1.50 per share Move aims to reassure investors of consistent returns and signals sector-wide stability RIYADH: Chemicals...

Edtech Evo11ve launches AI coach portal to boost academic outcomes for CBSE students

Synopsis Targeted at students from classes 6 to 12 under the CBSE curriculum, the dedicated web portal aims to significantly improve grade averages and enhance...

DPIIT inks pact with Roche Products, HDFC Capital Advisors to help startups

Synopsis Roche Products will help startups working in critical therapeutic areas such as oncology, neurology, ophthalmology, haematology, and rare diseases. HDFC Capital Advisors will extend...

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When AI Speaks for Your Brand, Who Owns the Trust

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Billionaire Deepinder Goyal raises $54 million for his new wearable startup Temple

Weeks after stepping down as Group CEO of Zomato...

Saudi stocks plunge, other GCC markets set to open in negative territory

Analysts believe that investors will be gravitated towards defensive...

Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...