Business

Adani Enters Industrial 5g Space

Ahmedabad, Aug 2 : Adani Data Networks Ltd (ADNL), the digital connectivity solutions arm of the Adani Group, has acquired the right to use 400MHz of spectrum in the 26GHz...

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Domestic Indices End Flat, Sensex Closes Above 58,000

Mumbai, Aug 2 : Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to multiple negative global cues. At close, Sensex ended 20.86 points or...

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Q1 Corporate Earnings Growth Led By Bfsi Sector: Motilal Oswal

Chennai, Aug 2 : The corporate earnings growth during the first quarter of the current fiscal is largely led by the banking, financial services and insurance (BFSI) sector and also...

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Ev Firm Komaki Launches Fire-resistant Batteries In India

New Delhi, Aug 2 : As fires in electric two-wheelers bring sales down for several players amid government probes, EV company Komaki on Tuesday said it has launched fireproof batteries...

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Indian Auto Industry Accelerating, Shows Robust July Numbers

Chennai, Aug 2 : The Indian automobile industry has posted robust growth last month with passenger/commercial vehicles and two-wheelers logging growth while the tractor segment lagged behind. Passenger car majors...

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Essar Strikes Landmark Supply Deal With Liverpool Airport

Liverpool, Aug 2 : Essar Oil (UK) Limited, which owns and operates the Stanlow refinery in Ellesmere Port, has today announced it has signed a major new agreement with Liverpool...

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The Commodity Market Boom Is Over

New Delhi, Aug 2 : Energy, metals and agriculture prices have all tumbled from their March peak on inflationary recession fears amid a slew of economic warning signs, but a...

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Time Right For Indian Gold Industry For A Self Regulatory Organisation: Wgc

Chennai, Aug 2 : With India being the second largest gold consuming nation in the world but without industry wide uniform standards, the World Gold Council on Tuesday said it...

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Factors Leading To Rise In Inflation In India

Mumbai, Aug 2 : India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market...

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Oracle Begins Laying Off Workforce, Employees Take To Social Media

San Francisco, Aug 2 : Cloud major Oracle has started laying off employees ahead of its quarterly earnings, as the affected staff took to social media to reveal they have...

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Cloud Tech Helping Us To Tap Global Creator Economy: Kuku Fm Co-founder

New Delhi, Aug 2 : As content consumption goes through a churning in India, with the creator economy surpassing all metrics, Kuku FM which is a podcast platform is re-inventing...

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Zomato, Blinkit To Cross-leverage Customer Bases Soon: Deepinder Goyal

New Delhi, Aug 2 : Once the Rs 4,447 crore (about $568 million) acquisition of Blinkit is closed, Zomato will experiment with cross leveraging its customers base for Blinkit and...

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\'if Rupee Continues To Be Under Pressure, Rbi May Look At Alternate Measures\'

By Manish M.SuvarnaMumbai, Aug 2 : Rahul Singh, Senior Fund Manager – Fixed Income, LIC Mutual Fund Asset Management Ltd, said that if the rupee continues to be under pressure,...

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Certificates Of Deposit Issuances Fell 38% On-month To Rs 51,240 Cr

Mumbai, Aug 2 : Issuances of certificates of deposit (CD) fell sharply just over 38 per cent month-on-month in July to Rs 51,240 crore, as most banks remained on the...

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Bmw Recalls Some 2022 Electric Cars Over Battery Fire Risk

San Francisco, Aug 2 : BMW has issued a recall for some of its electric cars as the high voltage battery “may have internal damage”, which can result in an...

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Indigo To Reinstate Pilots\' Salaries

New Delhi, Aug 2 : India’s leading carrier IndiGo has said that it will fully reinstate pilots’ salaries by November. Aviation sector was badly impacted during the Covid pandemic and...

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Air India To Allow Its Pilots To Fly Till 65 Years

New Delhi, Aug 2 : To ensure an adequate number of pilots for its expanding fleet size, Tata Group-owned Air India (AI) has decided to raise their retirement age from...

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Spicejet Clears All Outstanding Principal Dues Of Aai

New Delhi, Aug 2 : Low-cost carrier SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and cleared all outstanding principal dues of...

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\'with Global Positive Cues Rupee To Trade 79.15 To 79.75 Band Against Dollar\'

Chennai, Aug 2 : The Indian rupee is expected to trade against the US dollar in the range of 79.15 – 79.75 in this fortnight supported by positive global cues,...

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5g Auction: Which Telco Got What, What Bands Were Sold The Most

New Delhi, Aug 1 : With India successfully ending its mega 5G spectrum auction with bids worth Rs 1,50,173 crore for 71 per cent of total 5G airwaves, here is...

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Delhi: Kitchen Commodity Prices Record Substantial Rise In July

New Delhi, Aug 1 : Amid the debate over inflation and price rise, the latest data from the Consumer Affairs Department revealed that prices of kitchen commodities including wheat, rice,...

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\'will Be Travesty Of Justice\': Sc Says Independent Directors Not Liable In Cheque Bounce Cases

New Delhi, Aug 1 : The Supreme Court on Monday said a company’s Director – not in charge or responsible for the conduct of the business at the relevant time...

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We\'ll Celebrate \'azadi Ka Amrit Mahotsav\' With 5g Rollout: Akash Ambani

Mumbai, Aug 1 : Leading telecom operator Reliance Jio said on Monday that it has acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz, and 26GHz bands in the auctions conducted...

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Six Airports To Implement Digi Yatra By March 23

New Delhi, Aug 1 : The Ministry of Civil Aviation will implement the Digi Yatra in a phased manner at the airports across the country, officials said on Monday.While it...

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\'pvt Players Can Use Drones For Delivery Purposes As Per Rules\'

New Delhi, Aug 1 : While the government is utilising services of drone service providers for vaccine delivery, inspection of oil pipelines and power transmission lines, anti-locust operations, agricultural spraying,...

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Zomato Narrows Losses To Rs 186 Cr, Revenue Up 17% In June Quarter

New Delhi, Aug 1 : Online food delivery platform Zomato on Monday reported Rs 185.7 crore in consolidated loss for the quarter ending June 30, compared to a loss of...

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Itc Posts All Round Robust Growth Across All Businesses In Revenue, Profitability

Kolkata, Aug 1 : ITC Ltd has posted record quarterly revenue and profits for the quarter ended June 30, with gross revenue up 41 per cent, and EBITDA up 41.5...

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Phonepe Files Complaint Against Ex-employees For Burning Qr Codes

New Delhi, Aug 1 : Digital payments provider PhonePe has filed a complaint against its former employees for allegedly burning its QR codes in Greater Noida on July 28. While...

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Sensex Extend Gains For Fourth Day, Ends Above 58k; Nifty Ends Over 17k

Mumbai, Aug 1 : The benchmark indices started August on a positive note with Sensex rising above 500 points and Nifty over 180 points on positive global sentiments. At close,...

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Reliance Jio Leads 5g Spectrum Auction With Rs 88,078 Cr: Ashwini Vaishnaw

New Delhi, Aug 1 : Mukesh Ambani-led Reliance Jio emerged the top bidder in India’s 5G spectrum auction, acquiring 24,740 MHz spectrum worth Rs 88,078 crore, IT Minister Ashwini Vaishnaw...

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China\'s Embattled Property Giant Evergrande Fails To Deliver Debt Restructuring Plan

Hong Kong, Aug 1 : China’s embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about...

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Rupee Gains 23 Paise To End At 79.02 Against Us Dollar

Mumbai, Aug 1 : The rupee appreciated by 23 paise to close at 79.02 (provisional) against US dollars on firm domestic equities, amid foreign investors’ inflows. At the interbank foreign...

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Passenger Car Makers Log Sales Growth In July 2022

Chennai, Aug 1 : Passenger car majors in India clocked higher sales numbers last month as compared to July last year. Industry leader Maruti Suzuki India Ltd closed July, selling...

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Annual Safety Audits Reveal Lacunae In Airlines\' Operations

New Delhi, Aug 1 : Delay in reporting of the incidents and taking corrective action, ineffective supervision and non-compliance of procedures are some of the findings which have emerged during...

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Mega 5g Spectrum Ends With Over Rs 1.5l Cr In Bids, Reliance Jio Leads

New Delhi, Aug 1 : Led by Reliance Jio, the mega 5G spectrum auction ended on Monday after receiving record bids worth over Rs 1.5 lakh crore in 40 rounds...

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Hero Electric Sells Close To 9k Ev 2-wheelers In July, Tops Segment

New Delhi, Aug 1 : Hero Electric led the EV two-wheeler segment, selling 8,952 vehicles for the entire month, followed by Okinawa Autotech at 8,094 vehicles, the latest VAHAN data...

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Inflation Is In Double Digit Since Past 14 Months (lead)

New Delhi, Aug 1 : Congress MP Manish Tewari on Monday said that during the past 14 months, the inflation rate in the county has been in double digit making...

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Inflation Rate Has Doubled In 14 Months: Manish Tewari

New Delhi, Aug 1 : Congress MP Manish Tewari on Monday said that during the past 14 months, the inflation rate has doubled making it the highest in 30 years....

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Global Rpa Software Sales To Reach $2.9 Bn This Year

New Delhi, Aug 1 : Global robotic process automation (RPA) software revenue is likely to reach $2.9 billion in 2022, an increase of 19.5 per cent from last year, a...

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E-gaming Federation Appreciates Gom In Understanding Online Skill Gaming Differently From Betting, Gambling

New Delhi, Aug 1 : The Group of Ministers (GoM), reconstituted to examine taxation of casinos, racecourses, and online gaming, recently met industry bodies and leading operators to discuss the...

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Nearly 350 Aircraft Inspected In Last Few Months, Says Aviation Ministry

New Delhi, Aug 1 : Aviation regulator DGCA conducted two special drives of spot checks in the last few months to ensure safety of flight operations, the Centre informed the...

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Gst Collection In July Second Highest Ever

New Delhi, Aug 1 : GST collection in July stood at Rs Rs 1,48,995 crore, second highest since introduction of GST.The collection for July is 28 per cent higher than...

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Da Hiked By 3% For Mp Govt Employees: Cm Chouhan

Bhopal, Aug 1 : The Madhya Pradesh government on Monday announced a Dearness Allowance (DA) hike of 3 per cent for the state government employees bringing them on par with...

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Sweden, India Strengthen Financial Cooperation With Formal Exchange Between Fi & Ifsca

New Delhi, Aug 1 : Swedens financial supervisory authority, Finansinspektionen (FI), formally exchanged a Memorandum of Understanding (MoU) in relation to mutual cooperation with Indias International Financial Services Centres Authority...

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Rosneft Starts Production Drilling At Payakhskoye Field Of Vostok Oil Project

New Delhi, Aug 1 : Rosneft has started production drilling at the Payakhskoye field on the Taimyr Peninsula.The Russian energy company plans to drill about 80 wells there by the...

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India Gets New World Bank Country Director

New Delhi, Aug 1 : Auguste-Tanoa-Kouame is the World Bank’s Country Director for India, effective on Monday.He replaces Junaid Kamal Ahmad who recently completed a five-year term. Auguste, a national...

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Goldi Solar Becomes First Private Company To Join \'har Ghar Tiranga\' Campaign

Surat, Aug 1 : Goldi Solar, India’s most quality-conscious solar brand, on Monday announced its support for the government’s ‘Har Ghar Tiranga’ campaign making it the first company to pledge...

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Retail Assets Securitisation Volumes Rise Manifold In Q1 Fy23

Mumbai, Aug 1 : Retail assets securitisation volumes witnessed a sharp rise of 113% year-on-year to Rs 33,000 crore in first quarter of financial year 2022-23.This was on back of...

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Over 32k Tech Workers Fired In Us, More Than 11k In India Till July

San Francisco/New Delhi, Aug 1 : More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly...

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Load Factor Of Spicejet On July 30, 31 Was 81% And 82.4% Respectively

New Delhi, Aug 1 : Aircraft occupancy or passenger load factor (PLF) of SpiceJet on July 30 and 31 was 81% and 82.4% respectively.The airline on Monday said that all...

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Deepinder Goyal Forms Umbrella Organisation \'eternal\' With Multiple Ceos

New Delhi, Aug 1 : Zomato Founder and CEO Deepinder Goyal has announced a new structure for the company that will see its businesses like Zomato, Blinkit and Hyperpure run...

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5g Spectrum Auction Sees Bids Worth Rs 1,50,130 Cr After 37 Rounds

New Delhi, July 31 : Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now...

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Rcap Resolution Plan Submission Deadline Likely To Be Extended Yet Again

Mumbai, July 31 : The deadline for the submission of Resolution Plan for Reliance Capital (RCAP) is likely to be extended yet again as bidders seek more time to complete...

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Apsrtc Move To Meet Parcel Target Through Employees

Amaravati, July 31 : In a move aimed at meeting revenue target from its cargo service, the state-owned Andhra Pradesh State Road Transport Corporation (APSRTC) has mandated its employees to...

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India Set For Accelerated 5g Infrastructure Deployment: Dell Technologies

New Delhi, July 31 : As India begins to take first steps towards 5G with a record Rs 1.5 lakh crore spectrum auction, a top Dell Technologies India executive said...

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Pc Shipments, Chip Sales Growth Face Record Slump This Year: Report

New Delhi, July 31 : Global semiconductor revenue is projected to slow down to 7.4 per cent this year, down from 2021 growth of 26.3 per cent, while chip sales...

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Hdfc Hikes Lending Rate By 25 Bps

Mumbai, July 30 : Housing Development Finance Corporation Ltd (HDFC Ltd) hiked its benchmark lending rate by 25 basis points (bps) with effect from August 1, company said in an...

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Hdfc Increases Rplr By 25 Bps With Effect From Aug 1

Mumbai, July 30 : Housing Development Finance Corp Ltd hiked its benchmark lending rate by 25 basis points, with effect from August 1, the company said in an exchange filing....

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India\'s 5g Auction Hits Rs 1.5 Lakh Cr, Bids To Continue: Ashwini Vaishnaw

New Delhi, July 30 : The 5G spectrum auction has crossed Rs 1.5 lakh crore after 30 rounds and the auction will continue for a few more days, Union IT...

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Indian Bank Q1 Net Profit At Rs 1,213 Crore

Chennai, July 30 : Public sector Indian Bank closed the first quarter of FY23 with net profit of Rs 1,213.44 crore, higher than what it had logged during Q1FY22. According...

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Aviation Minister Inaugurates Direct Flight Between Delhi, Deoghar

New Delhi, July 30 : Civil Aviation Minister Jyotiraditya Scindia on Saturday virtually inaugurated the direct Indigo flight between Delhi and Deoghar. Indigo will be deploying its A-320 Neo, a...

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Amid Deregistration Request, Spicejet Says Returning Older Aircraft In Phased Manner (ld)

New Delhi, July 30 : Amid deregistration request for its aircraft, budget carrier SpiceJet on Saturday said that it plans to replace all its older Boeing aircraft with the new...

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Bank Of Baroda\'s Net Profit Rises 79.3% Yoy To Rs 2,168cr

Mumbai, July 30 : State-owned lender Bank of Baroda reported a sharp rise of 79.3 per cent in its standalone net profit to Rs 2,168 crore in the first quarter...

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In Politics, People Should Have Courage To Tell Truth: Pm

New Delhi, July 30 : Prime Minister Narendra Modi on Saturday said that in politics, people should have the courage to tell the truth but some states try to avoid...

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Rbi May Hike 25-50 Basis Points At Monetary Policy Meeting Next Week

Mumbai, July 30 : The Reserve Bank of India’s (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held...

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Ed Attaches Property Worth Rs 110 Crore In Ksbl Case

New Delhi, July 30 : The Enforcement Directorate (ED) on Saturday said that they have attached immovable and movable assets worth Rs 110 crore in the money laundering investigation against...

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Global Smartphone Shipments Down 9% In Q2: Canalys Report

New Delhi, July 30 : Global smartphone shipments fell to 287 million units in the second quarter (Q2), a massive 9 per cent drop, as component orders are being cut...

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Ather Energy, Ola Electric See Sharpest Drop In Ev 2-wheeler Sales In July

New Delhi, July 30 : Hero Electric has piped Okinawa Autotech, Ola Electric and Ather Energy in selling maximum number of EV two-wheelers in the month of July, with Ather...

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Amazon Reduces Headcounts By 1 Lakh, Sees Stabilisation In Workforce

San Francisco, July 30 : Amazon has reduced its direct workforce by nearly 1 lakh, the largest sequential drop in its history, primarily at its fulfillment centres and distribution network....

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Apple Plans To Test New App Store Ad Placements

San Francisco, July 30 : To give developers more opportunities to get their apps discovered by users, tech giant Apple is planning to soon test a pair of new ad...

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Uber To Show Drivers How Much They\'ll Earn Before Accepting A Trip

New Delhi, July 30 : Ride-hailing major Uber is going to show drivers how much they will earn and where they are going before accepting a trip. Uber CEO Dara...

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Bhavish Aggarwal Denies Ola Planning Merger With Uber

New Delhi, July 29 : Ola Founder and CEO Bhavish Aggarwal on Friday refuted a report that said Ola and Uber are considering a potential merger. “Absolute rubbish.We’re very profitable...

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Zee Entertainment-culver Max Merger Proposal Gets Bse, Nse Nod

Chennai, July 29 : ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger with Culver Max...

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India Sees 5g Spectrum Bids Worth Rs 1,49,855 Cr, Reliance Jio Leads

New Delhi, July 29 : The 5G spectrum auction saw bids worth Rs 1,49,855 crore after 23 rounds on Friday, with the government saying the bids will continue on Saturday....

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Oppo To Invest $60 Mn Under \'vihaan\' Initiative To Boost Smartphone Industry In India

New Delhi, July 29 : Smartphone brand OPPO India on Friday launched a new initiative — Vihaan — to empower small-to-medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs)...

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Twitter-musk Court Battle To Start Oct 17 For 5 Days

San Francisco, July 29 : The US judge in the Twitter vs Elon Musk legal battle over cancellation of the $44 billion takeover deal has set October 17 as the...

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Foreign Investors Turned Net Buyers In July, Net Investment Rs 4,989 Crore

Mumbai, July 29 : Foreign investors turned net buyers in July nearly after 10 months, with an investment of around Rs 4,989 crore in the Indian equity markets.This comes after...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Aws Now Has $79 Bn Annual Sales Run Rate As Top Cloud Provider

New Delhi, July 29 : Amazon Web Services (AWS), the Cloud arm of Amazon, now represent an annualised sales run rate of nearly $79 billion that has made it the...

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Rupee Gains 51 Paise To Close At 79.25 Against Us Dollar

Mumbai, July 29 : The Indian rupee appreciated 51 paise to close at 79.25 against the US dollar on Friday, following positive trends in domestic equities and on hope that...

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Hdfc Q1 Net Profit Rises To Rs 3,669 Crore

Mumbai, July 29 : Home finance major Housing Development Finance Corporation Ltd (HDFC) closed the first quarter of FY23 with 22 per cent growth in its net profit. According to...

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I\'m Optimistic On 5g As Penetration Is Still Low: Apple Ceo Tim Cook

New Delhi, July 29 : As India sets eyes on a mass-scale 5G adoption with kicking-off spectrum auction, Apple CEO Tim Cook has said that the 5G penetration is still...

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Ola May Lay Off 1,000 Employees To Ramp Up Ev Plans (lead)

New Delhi, July 29 : As Bhavish Aggarwal-led Ola aims to ramp up its electric vehicle (EV) business, media reports have claimed that the ride-hailing platform is laying off around...

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Ola Likely To Lay Off Nearly 1k Employees To Ramp Up Ev Plans

New Delhi, July 29 : As Bhavish Aggarwal-owned Ola is aiming to ramp up its electric vehicle business, the ride-hailing platform is now planning to lay off around 1,000 employees....

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Nissan Has Shipped Out One Million \'made In India\' Cars

Chennai, July 29 : Car maker Nissan Motor India has achieved a milestone of shipping out one million cars to different overseas markets, said the company. The Nissan cars are...

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Ashok Leyland Logs Rs 68 Cr Net In Q1

Chennai, July 29 : Commercial vehicle major Ashok Leyland Ltd closed the first quarter of FY23 with an after tax profit of Rs 68 crore. According to the company, it...

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Meai-goa Chapter Raises Concern Over 50% Export Duty On Low-grade Iron Ore

New Delhi/Panaji, July 29 : The Goa chapter of the Mining Engineers Association of India (MEAI) has urged the Centre to review and completely withdraw the 50 per cent export...

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Small Cap Funds Are Offering 28% Returns In 3 Yrs, Highest In Equity Segment

Mumbai, July 29 : Small cap funds has come under the spotlight after it is offering just over 28 per cent returns in the last three years.The returns on these...

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Hyundai Motor Names New Ceo For Us Operations

Seoul, July 29 : Hyundai Motor, South Korea’s biggest carmaker, said on Friday it has named a new chief executive for its US operations amid the prolonged chip shortage. Hyundai...

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Lg Electronics Posts 12% Drop In Profit On Weaker Demand

Seoul, July 29 (IANS LG Electronics on Friday said its second -quarter operating profit decreased 12 per cent (on-year) amid rampant inflation that hurt consumer demand for TVs and other...

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Us Economy Not Sinking Into Recession: Biden, Top Officials

By Ashe OneilWashington, July 29 : US President Joe Biden and top officials of the government have dismissed fears of the countrys economy sinking into a recession as doubling down...

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5g Smartphone Installed Base Crosses 5 Crore In India

New Delhi, July 29 : As India prepares for the 5G era, the installed base of smartphones with 5G capabilities crossed 5 crore in the country, a report showed on...

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Govt Sets Target To Operationalise 100 Airports By 2024

New Delhi, July 29 : The Government has set a target to operationalise 100 airports by 2024 subject to availability of supporting infrastructure such as land, statutory approvals etc. Officials...

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Apple Sees New Doubling Of Revenues In India In Q2: Tim Cook

New Delhi, July 29 : Apple has seen a new doubling of its revenues in India in the April-June period, setting a new all-time record in the country particularly riding...

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Green Power Producers Sore As Tn Set To Increase Transmission Charges By 14 Fold

Chennai, July 29 : The Green power producers in the state are sore as the Tangedco has submitted a proposal to the Tamil Nadu Electricity Regulatory Commission to raise the...

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Amazon Stock Up 14% Despite 2nd Consecutive Quarterly Loss

San Francisco July 29 : E-commerce giant Amazon reported a quarterly net loss of $2 billion, its second consecutive loss in a quarter, but strong revenues and continued growth from...

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Google, Apple Ban Battlegrounds Mobile India Game In India Following Govt Order

New Delhi, July 28 : Google and Apple on Thursday pulled popular battle royale game Battlegrounds Mobile India (BGMI) from their respective app stores, following a government order. Battlegrounds Mobile...

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Telecom Industry Has Come A Long Way In 5g Advancements: Ashwini Vaishnaw

New Delhi, July 28 : As India prepares for the 5G era, Union IT Minister Ashwini Vaishnaw said on Thursday that the ongoing 5G spectrum auction indicates that the country’s...

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Us Economy Contracts Again Amid Fears Of Recession

New York, July 28 : The US economy shrank again in the second quarter, the Bureau of Economic Analysis said on Thursday, media reports said. Gross domestic product, a wide-ranging...

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China To Rescue Property Developers After Homebuyers Boycott Mortgages

Washington, July 28 : Chinese authorities are promising to establish an initial rescue fund of $11.8 billion (80 billion yuan) to offset a looming crisis in the real estate sector,...

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I-t Dept Sleuths Conduct Searches In Tn, Finds Rs 150 Cr Unaccounted Cash

New Delhi, July 28 : The Income Tax Department on Thursday said that they carried out a search and seizure operation on July 20 on two business groups – one...

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Jack Ma Set To Give Up Total Control Of Ant Group: Report

Washington, July 28 : Chinese billionaire Jack Ma is planning to give up total control of Ant Group amid pressure from the government regulators, media reports said on Thursday. According...

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Rupee Rises 15 Paise To Close At 79.76 Against Us Dollar

Mumbai, July 28 : The Indian rupee appreciated 15 paise to close at 79.76 against the US dollar on Thursday on hopes of a slower pace of rate hike by...

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Indian Stock Markets Rise On Thursday

Mumbai, July 28 : The Indian stock indices went up on Thursday with the BSE Sensex gaining 1,041.47 points and the NSE Nifty 287.80 points. The Sensex closed at 56,857.79...

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56% Of Indian Job Seekers Faced Scams During Their Job Hunt: Report

New Delhi, July 28 : About 56 per cent of job seekers in India face scams during their job hunt process, according to a report. The report by Hirect, a...

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Us Senate Passes Historic $280 Bn Bill To Cut Chip Dependency On China

Washington, July 28 : In a historic move to end dependency on China when it comes to semiconductors, manufacturing and other technologies, the US Senate has passed a $280 industrial...

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Faith Suggests 5 Measures To Gst Fitment Committee For Tourism Gst Rationalisation

New Delhi, July 28 : Federation of Associations in Indian Tourism & Hospitality (FAITH), the policy federation of all the ten national associations representing the complete tourism, travel and hospitality...

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Sensex Ends 1,000 Points Up, Nifty Closes Above 16,900

Mumbai, July 28 : Benchmark indices ended higher for the second consecutive day on Thursday with Sensex ending 1,000 points up and Nifty ending above 16,900 on back of positive...

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Country Has Adequate Power, Govt Tells Lok Sabha

New Delhi, July 28 : The government on Thursday told the Lok Sabha that there is no power shortage in the country. In a written reply, Power Minister R.K.Singh said:...

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Fiitjee Launches Accelerator Program For Early Stage Startups

New Delhi, July 28 : FIITJEE, a leading education institution in India, has launched the FIITJEE Accelerator Program, which will help founders build and scale enduring companies. The program will...

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41% Income Taxpayers Yet To File It Return, 10% Facing Tech Glitches

New Delhi, July 28 : As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to file the return are yet to file...

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Industry Upbeat On Nearly Rs 1.5 Lakh Cr Worth Bids For 5g Spectrum

New Delhi, July 28 : Industry leaders on Thursday hailed the ongoing 5G spectrum auction that has touched nearly Rs 1.5 lakh crore in just two days of bidding, saying...

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After Pmc Bank, Wadhawans Duped Indian Bank Of Rs 279 Crore

By Quaid NajmiMumbai, July 28 : The Chennai-based public sector Indian Bank has admitted to a major loan default of Rs 279 crore by the realty group, Housing Development &...

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\'india’s Gold Demand For 2022 To Be Over 800 Tonne\'

Chennai, July 28 : India’s demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India. He also said 80 per cent of...

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Indian It Sector Top Revenue Generator, Job Creator

Mumbai, July 28 : The already buzzing Indian Information Technology (IT) sector got a shot in the arm when the industry body National Association of Software and Service Companies (Nasscom)...

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Il&fs Earns Rs.77.5 Crore From Two Sale Deals

Chennai, July 28 : The beleaguered IL&FS group on Thursday said it has completed to sale transactions that netted a total of about Rs.77.5 crore. The two sale deals under...

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Qualcomm Sales Up 37%, Mobile Biz Crosses $6 Bn Riding On Snapdragon Chips

New Delhi, July 28 : Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its...

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Motilal Oswal Mutual Fund Launches Index Funds And Etfs Tracking Quality And Value Factors

Mumbai, July 28 : Motilal Oswal Asset Management Company has launched factor-based funds such as Motilal Oswal S&P BSE Quality ETF & Motilal Oswal S&P BSE Quality Index Fund, and...

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Samsung Logs Record $8.5 Bn Profit On Server Chips, Warns Of Market Uncertainties

Seoul, July 28 : Samsung Electronics on Thursday reported its second-quarter net profit of $8.5 billion, up 15.2 per cent from a year earlier, on the back of robust demand...

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Already Rescheduled Operations Due To Lean Season, Flights As Per Schedule, Says Spicejet

New Delhi, July 28 : A day after the aviation regulator’s order on restriction on the number of flights, budget carrier Spicejet on Thursday said that all its planes departed...

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Puducherry Ut To Pass Budget Before August 31

Puducherry, July 28 : Puducherry Chief Minister N.Rangasamy, who holds the finance portfolio, will present a full-fledged budget of the Union Territory before August 31. The budget session of the...

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Meta Crosses $1 Bn Annual Revenue Run Rate For Reels Ads

New Delhi, July 28 : Meta has crossed a $1 billion annual revenue run rate for ads on its TikTok rival short-video making platform Reels, and Reels now has a...

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Us Fed Tries To Control Inflation Genie With A 75 Bps Rate Hike

Washington D.C., July 28 : Expectedly, the US Federal Reserve jacked up its benchmark overnight interest rate by 75 basis points in an effort to tamp down the bristling inflation...

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5g Spectrum Receives Bids Worth Rs 1.49 Lakh Cr On Day 2

New Delhi, July 27 : The government on Wednesday received bids worth Rs 1.49 lakh crore on day two amid aggressive bidding by Reliance Jio and Bharti Airtel. Emphasising that...

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Biocon Q1fy23 Revenue Up 23% At Rs 2,217 Cr

Bengaluru, July 27 : Global biopharmaceuticals company Biocon on Wednesday reported 23 per cent rise in revenue for the first quarter of financial year 2023, at Rs 2,217 crore. “We...

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Dhfl Directors Sent To 3 Days Custodial Remand In Rs 36,615 Cr Bank Loan Fraud

New Delhi, July 27 : DHFL Directors Kapil and Dheeraj Wadhawan who were arrested in connection with the Rs 36,615 crore loan fraud case were on Wednesday remanded to three...

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Investment Climate In India Not-broad Based, Reduced Uncertainty Needed: Bank Of Baroda

Chennai, July 27 : The investment scenario in India is one of cautious movement in some sectors and not broad-based, the Bank of Baroda said in a report. According to...

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Reduction In Rice, Cereals Sown Area Worrisome: Bank Of Baroda

Chennai, July 27 : The uneven distribution of rainfall has sowed the fear of lower kharif sowing resulting in lower harvest and food inflation in the country, said Bank of...

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Rupee Falls 13 Paise To 79.91 Against Dollar Ahead Of Us Fed Meeting

Mumbai, July 27 : The Indian rupee declined nearly 13 paise to close at 79.91 against the US dollar on Wednesday as investors remained cautious ahead of US Federal Reserve...

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Global Pc Shipments See Largest Decline Since Q2 2013

New Delhi, July 27 : Global PC shipments fell 11.1 per cent (on-year) in the second quarter this year to reach 71.2 million units, the decline since Q2 2013, a...

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Dgca Orders Spicejet To Operate Only 50% Of Its Flights For Eight Weeks

New Delhi, July 27 : Aviation regulator DGCA on Wednesday ordered SpiceJet airline to operate only 50 per cent of its flights for eight weeks. “In view of findings of...

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Cil Plans To Dispatch 700 Mt Coal In 2022-23

New Delhi, July 27 : Coal India Ltd (CIL) has planned to dispatch coal to the tune of 700 million tonnes (MT) in 2022-23, out of which 565 MT of...

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Walton Family Fortune Falls By $12.9 Bn After Walmart Slashes Earnings Outlook

Bentonville, July 27 : The Walton family fortune fell $12.9 billion on Tuesday after Walmart Inc.slashed its earnings outlook for the second time this year, Bloomberg reported. Shares of the...

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Cabinet Approves Revival Package Of Rs 1.64 Lakh Cr For Loss-making Bsnl

New Delhi, July 27 : The Union Cabinet on Wednesday approved a revival package of Rs 1.64 lakh crore for loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL). The...

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Paytm Says User Data \'safe\' After Report Claimed Cyber Breach Affecting 3.4 Mn Users (ld)

New Delhi, July 27 : After cyber-security company Firefox Monitor claimed that Paytm suffered a massive data breach two years back that may have exposed data of over 3.4 million...

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Rs 70,000 Crore Lying Unclaimed With Banks, Insurers, Mfs

Mumbai, July 27 : A whopping Rs 70,000 crore is lying with various banks, insurance companies, and mutual funds as unclaimed amounts by the depositors/legal heirs/nominees. In the case of...

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Spotify Hits 433 Mn Monthly Active Users Riding On India Growth

New Delhi, July 27 : Riding on better-than-expected performance in the India market, Swedish music-streaming platform Spotify on Wednesday said it now has 433 million monthly active users (MAUs), up...

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Indian Ev Industry Attracted $1.7 Bn Of Pe/vc Funds In 2021: Ivca (lead)

Chennai, July 27 : A total of $1.7 billion has been invested by private equity and venture capitals in the Indian electric vehicle (EV) industry in 2021, the Indian Private...

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India At 5th Spot For Lowest Mobile Data Prices Worldwide: Report

New Delhi, July 27 : Amid the 5G spectrum auction, India has been ranked fifth for the cheapest mobile data pricing in the world, says a new report. According to...

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Maruti Suzuki Posts Pat Of Rs 1,012 Crore

New Delhi, July 27 : Passenger car major Maruti Suzuki India Ltd closed the first quarter of FY23 with a net profit of Rs 1,012 crore. According to Maruti Suzuki,...

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Paytm \'suffered\' Data Breach Affecting 3.4 Mn Users In 2020: Report

New Delhi, July 27 : Digital payments major Paytm allegedly suffered a massive data breach two years back that may have exposed data of over 3.4 million users, cyber-security company...

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Tencent Pips Sony, Apple In \'strategic\' Gaming Investments

Beijing/New Delhi, July 27 : Chinese tech conglomerate Tencent has piped giants like Apple and Sony in the gaming sector, making more than 180 strategic investments last year, the media...

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China Smartphone Sales Hits New Low, Honor Fastest Growing

New Delhi, July 27 : China’s smartphone sales hit a fresh low in the April-June quarter (down 14.2 per cent) to reach less than half of the sales of the...

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\'indian Ev Industry Attracted $1.67 Billion Pe/vc Funds In 2021\'

Chennai, July 27 : A total of $1.7 billion has been invested by private equity and venture capitals in the Indian electric vehicle (EV) industry in 2021, said a top...

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Indonesia Lifts Restrictions On Post-fukushima Food Imports At Japan Summit

Tokyo, July 27 : Japanese Prime Minister Fumio Kishida and visiting Indonesian President Joko Widodo held talks in Tokyo on Wednesday ahead of this year’s Group of 20 major economies’...

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Chip-maker Sk Hynix Warns Weak Demand In 2nd Half

Seoul, July 27 : Chip-maker SK hynix Inc said on Wednesday that it logged record quarterly sales and the best second-quarter operating profits in four years, driven by the sales...

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Zomato Allots Shares Worth Rs 200 Cr To Staff At Re 1 Face Value

New Delhi, July 27 : Online food delivery platform Zomato, which is going through its worst phase at Dalal Street, has allotted nearly 4.66 crore shares to its employees from...

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Kerala Mlas & Minister To Get Pay Rise

Thiruvananthapuram, July 27 : The Kerala government is set to raise salaries and allowances of the legislators and ministers for which a one-man judicial commission has been appointed. A decision...

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Delhi Hc Restrains Company Infringing Cadbury\'s Trademark, Fines Nearly Rs 16l

New Delhi, July 27 : The Delhi High Court has restrained a manufacturer for infringement of Cadbury’s trademark ‘GEMS’ by using a confusingly similar trademark ‘JAMES BOND’ and imposed a...

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Too Many Complaints Of Additional Service Charge By Restaurants, Hotels

New Delhi, July 27 : While asserting that pricing of the product covers both the goods and services component, the Ministry of consumer affairs said that the national consumer helpline...

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Goa: Congress Hits Out At Bjp Govt For Discontinuation Of Ev Scheme

Panaji, July 27 : Days after the Goa government announced to discontinue the scheme for ‘Promotion of Electric Vehicle’, Congress on Wednesday hit out at the BJP government stating it...

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Single Data Breach Now Costs Nearly Rs 17.5 Cr In India: Study

New Delhi, July 27 : The estimated average cost of a data breach in India went up to an all-time high of Rs 17.5 crore in 2022 — a 6.6...

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Interest In Pricey 700mhz Band Means Enhanced 5g Indoor Coverage For Indians

New Delhi, July 27 : As India saw a record 5G spectrum auction for 72 GHz (gigahertz) of airwaves at Rs 4.3 lakh crore on day one, analysts said on...

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Irdai Looks To Revise Startup Capital For Insurers, Experts Ask About Pricing Method

By Venkatachari JagannathanChennai, July 27 : The Insurance Regulatory and Development Authority of India (IRDAI) has set up a committee to examine the capital needs of different types of insurers...

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Australian Inflation Hits 21-year High

Canberra, July 27 : Australia has recorded its highest rate of inflation in more than 20 years, with consumers paying more for everything. According to data released by the Australian...

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Microsoft Stock Up 5% Despite Missing Revenue Estimates

San Francisco, July 27 : Microsoft has reported its slowest revenue growth since 2020 but a strong future guidance lifted its stock up 5 per cent in extended trading after...

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After Odop, Up Tehsils To Get Their Own Special Products

Lucknow, July 27 : The Yogi Adityanath government in Uttar Pradesh government is all set to launch ‘one tehsil one product’ (OTOP) scheme on lines of its successful flagship programme...

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It Raids Two Business Groups, Finds Evidence Of Irregularities

New Delhi, July 27 : The Income Tax Department on Monday said that it has carried out a search and seizure operation on two groups – one engaged in agro...

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E-commerce Platform Shopify Lays Off 1,000 Employees

New Delhi, July 26 : E-commerce platform Shopify on Tuesday announced to cut 10 per cent of its workforce — around 1,000 employees across verticals — as it failed to...

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Imf Slashes India\'s 2022 Growth Forecast To 7.4%

By Yashwant RajWashington, July 26 : The International Monetary Fund (IMF) on Tuesday slashed its annual growth projection for India by 0.8 percentage points to 7.4 per cent for 2022...

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L&t Net Down To Rs 911 Crore In Q1

Chennai, July 26 : Engineering major Larsen & Toubro Ltd (L&T) on Tuesday said it closed the first quarter of FY23 with a lower net as compared to the corresponding...

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Imf Slashes Global Growth Forecast For The Next 18 Months

London, July 26 : The International Monetary Fund has slashed its growth forecasts for the next 18 months after warning that the world’s three biggest economies are all stalling, The...

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Ccpa Issues Notice To 4-5 Electric Two-wheeler Makers, Hearing Soon

New Delhi, July 26 : The Central Consumer Protection Authority (CCPA), that comes under the Ministry of Consumer Affairs, on Tuesday said the regulator has issued notices to four to...

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Domestic Investors Now Larger Holders Than Fpis In India\'s Top Companies For First Time Since 2010

New Delhi, July 26 : The combined holdings of domestic mutual funds and direct households in stocks have risen over 720 bps since 2015 whereas those of foreign portfolio investors...

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28,269 Complaints Of Unauthorised Banking Transactions In Last 3 Months

New Delhi, July 26 : Banks have received a total of 28,269 complaints pertaining to unauthorised transactions, debit in account without use or details of the card and use of...

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7 In 10 Consumers Unhappy With Stay On Ccpa\'s Restaurant Service Charge Norms

New Delhi, July 26 : Nearly seven in 10 consumers are unhappy at the Delhi High Court order staying recent government guidelines that prohibited restaurants from levying service charge automatically...

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Us Federal Reserve On Track For Most Aggressive Rate Hike Cycle

New Delhi, July 26 : The US Federal Reserve has already hiked interest rates by 150 bps in 2022 and is expected to raise rates by another 200 bps during...

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Haryana To Promote Textile Through Msmes

Chandigarh, July 26 : Haryana Deputy Chief Minister Dushyant Chautala on Tuesday said the state government will also promote the textile industry through MSMEs so that more and more youth...

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Mechanism Be Brought To Curb Tax Evasion In Entertainment Sector: Parliament Panel

New Delhi, July 26 : A Parliamentary standing committee in its report on the Entertainment sector has recommended that a mechanism be brought in place to curb the instances of...

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Amazon Hikes Prime Subscription In Uk, Europe By Up To 43%

London, July 26 : Amazon is set to raise its Prime subscription prices by up to a whopping 43 per cent in the UK and Europe from September this year...

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New Investing Model Provides A 1077% Return In The Past 13 Years?

New Delhi, July 26 : The Great Places to Work has identified 50 companies that have consistently outperformed stock markets and the bullion market from 2008 to 2021. If you...

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Zomato Must Have Acquired Swiggy Than Blinkit To Avoid Bloodbath: Ashneer Grover

New Delhi, July 26 : Former BharatPe Co-founder and managing director Ashneer Grover said on Tuesday that Zomato should have acquired its arch rival Swiggy than 10-minute grocery platform Blinkit...

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Ubs Upgrades Ril Scrip To Buy From Neutral

Chennai, July 26 : Swiss brokerage UBS Securities on Tuesday upgraded Reliance Industries Limited’s (RIL) shares to buy from neutral with a 12-month price target of Rs 2,900-Rs 3,150. On...

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Garuda Aerospace To Send Its Drones For Field Trials For Indian Army

Chennai, July 26 : Integrated drone manufacture and drone-as-a-service (DAAS) provider Garuda Aerospace Pvt.Ltd will send its drones for Indian army’s field trials. The drones are designed with artificial intelligence...

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Zomato Was Game Over On Listing Itself: Shankar Sharma Quotes Amitabh Bachchan From \'deewar\'

New Delhi, July 26 : Amid the plunge in Zomato shares, stock market investor Shankar Sharma has said that it reminds him of what Amitabh Bachchan said in the epic...

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Adani Group Market Capitalisation Exceeded $200 Bn: Gautam Adani

Ahmedabad, July 26 : Gautam Adani, Chairman, Adani Group, has said that the combined Group market capitalisation this year exceeded $200 billion. “We were able to raise billions of dollars...

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\'lic Policyholders Should Not Incur Loss In Idbi Bank Stake Sale\'

By Venkatachari JagannathanChennai, July 26 : About Rs.25,000 crore of policyholder’s money of Life Insurance Corporation of India (LIC) has been invested in IDBI Bank Ltd and they should not...

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Boeing Forecasts Demand For 2.1mn New Commercial Aviation Personnel Over 20 Yrs

Chicago, July 26 : US aerospace major Boeing’s 2022 Pilot and Technician Outlook forecasts demand for 2.1 million new aviation personnel over the next 20 years to safely support the...

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Us Sec Charges Several Indian-americans With Insider Trading

Washington, July 26 : The US Securities and Exchange Commission (SEC) has filed insider trading charges against several Indian-Americans in connection with three separate schemes that together yielded more than...

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Jefferies Hits \'buy\' Button On Zomato For Long-term Investors

New Delhi, July 26 : As food delivery platform Zomato saw its stock tumbling to an all-time low, global brokerage and research firm Jefferies has said it is time to...

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Cbi Files Supplementary Charge Sheet In Dhfl-yes Bank Alleged Loan Fraud Case

Mumbai, July 25 : The Central Bureau of Investigation (CBI) on Monday filed its supplementary charge sheet in connection with the Rs 3,700 crore Yes Bank-DHFL loan fraud case. “A...

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T-mobile To Pay Us Customers $350 Million In Settlement Over Massive Data Breach

Washington, July 25 : T-Mobile has agreed to pay $350 million to settle multiple class-action suits in the US, stemming from a data breach disclosed last year affecting tens of...

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Tata Steel Net Down In First Quarter

Chennai, July 25 : Steel major Tata Steel Ltd closed the first quarter of the current fiscal with a lower after tax profit on a higher turnover, as compared to...

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Smartphone Brand Honor Says \'maintaining\' India Business Operations (lead)

New Delhi, July 25 : As reports surfaced that Shenzhen-based Honor, formerly under Huawei, has pulled out its team from India, the company said on Monday that the company is...

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Uk Restaurant Insolvencies Jump By Over 60% As Customers Cut Back On Spending

London, July 25 : The number of UK restaurants falling into insolvency has increased by more than 60 per cent in the past year amid worker shortages and the cost...

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India Set For 5g Spectrum Auction, Reliance Jio, Bharti Airtel Lead The Race

New Delhi, July 25 : With the mega 5G spectrum auction (worth Rs 1.9 lakh crore) beginning from Tuesday amid the tussle over captive private 5G networks, Reliance Jio and...

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Odisha Minister Writes To Centre For Settlement Of Pmfby Claims

Bhubaneswar, July 25 : Odisha cooperation minister Atanu Sabyasachi Nayak has written a letter to Union agriculture minister Narendra Singh Tomar for an early settlement of claims under the Pradhan...

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Tesla Reveals $170 Mn Loss From $1.5 Bn Bitcoin Investment

San Francisco, July 25 : Elon Musk-run Tesla on Monday revealed it incurred $170 million loss from its Bitcoin investments in the first six months of the year. Tesla revealed...

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Venture Capital-backed Companies In India Shift Focus To Cash Preservation

New Delhi, July 25 : VC-backed companies in India shifted their focus to cash preservation in anticipation of funding becoming less easy to obtain over the next few quarters and...

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Cci Probe: Delhi Hc Reserves Judgement On Facebook\'s Petition

New Delhi, July 25 : The Delhi High Court on Monday reserved its judgement in an appeal filed by Whatapp and Facebook challenging the single judge-bench’s order which had refused...

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Adani Enterprises Stock Hits New Record High

Chennai, July 25 : The share price of Adani Enterprises Ltd hit 52-week high mark of Rs 2,561.35 on the BSE on Monday. The stock, which has been on the...

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Us Fed Widely Expected To Raise Interest Rates By 0.75 Percentage Points

London, July 25 : The Federal Reserve is widely expected to raise interest rates by 0.75 percentage points at its July policy meeting, Financial Times reported. Officials such as Fed...

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Number Of Delayed Projects Up In Last 3 Years

New Delhi, July 25 : Road Transport and Highways, Railways and Petroleum top the sectors having maximum number of delayed projects across the country. In Road Transport and Highways –...

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Govt To Provide Single-window Approval To Industry: Punjab Minister

Chandigarh, July 25 : Punjab Chief Minister Bhagwant Mann has issued directions to formulate transparent and hassle-free investment policy to attract investors in order to make ‘Rangla Punjab’, said Cabinet...

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Fall In Demand & High Prices, Diamond Industry Losing Its Sparkle

Chennai, July 25 : Fall in demand and rising prices of roughs is taking the sparkle out of the diamond industry, said credit rating agency CRISIL Ratings Limited. In a...

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