American department store chain Macy's to slash 2,350 jobs
Jan 19, 2024, at 04:10 pm
US department store chain Macy's is laying off around 3.5 percent of its workforce and even planning to shut down five of its stores.
Union Cabinet approves MoU signed between India and EU on Semiconductors
Jan 19, 2024, at 06:33 am
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) signed between India and the European Commission on Working Arrangements on Semiconductors Ecosystems, its supply chain and innovation under the framework of EU-India Trade and Technology Council (TTC).
Haldiram's in talks to buy majority stake in Prataap Snacks: Report
Jan 19, 2024, at 06:06 am
India’s popular snacks company Haldiram's is in discussions to buy a majority stake in Prataap Snacks, media reports said.
Tata Group promises major new investments, expansion plans in Telangana
Jan 19, 2024, at 05:06 am
Hyderabad/UNI: Tata Group on Thursday said it would make major new investments and expand its presence in Telangana.
SBI’s Basel III compliant Additional Tier 1 Bond Issuance
Jan 19, 2024, at 04:51 am
Mumbai: Public sector lender State Bank of India (SBI) raised Rs 5,000 crore on Thursday through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34 percent.
Coal India subsidiaries get CCEA nod for equity investments in coal-fired power projects
Jan 19, 2024, at 12:52 am
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday approved equity investments by two Coal India Ltd (CIL) subsidiaries -- South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL) for setting up thermal power plants at an estimated cost of Rs 21,547 crore.
Jan 18, 2024, at 04:37 pm
Mumbai/UNI: The equity market remained negative for the third consecutive session as the BSE Sensex on Thursday dropped 502.47 pts at 70,998.29 in early trade as selling was seen across the board amid weak global cues.
PLI Schemes witness over Rs 1.03 lakh crore of investment till Nov 2023
Jan 18, 2024, at 08:27 am
New Delhi: Production Linked Incentive (PLI) Schemes witnessed over Rs. 1.03 lakh crore of investment till November 2023, leading to production/ sales of Rs. 8.61 lakh crore and direct and indirect employment generation of over 6.78 lakhs, according to the Commerce and Industry ministry.
Volvo Car India defers price increase of its EVs while increasing prices on other models
Jan 18, 2024, at 08:13 am
Kolkata: Volvo Car India has deferred the prices of its EV offerings –the XC40 Recharge and the C40 Recharge while effecting a 2% price increase on its other models, a press release said.
Construction of CAT IIIB-compliant airstrip 28/10 to be completed this week: Jyotiraditya Scindia
Jan 18, 2024, at 08:04 am
New Delhi: Civil Aviation Minister Jyotiraditya Scindia on Wednesday said that the construction project for rehabilitating Delhi Airport's CAT IIIB-compliant airstrip 28/10 is set to be completed this week, media reports said.
Jan 18, 2024, at 05:28 am
Kochi/UNI: Prime Minister Narendra Modi inaugurated three major infrastructure projects worth more than Rs 4,000 crore on Wednesday.
Davos: Adani Group to invest Rs 12,400 cr in Telangana; MoUs signed at World Economic Forum 2024
Jan 18, 2024, at 05:05 am
Davos (Switzerland): The Adani Group and the Telangana government today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024.
Maharashtra: Adani Enterprises to invest Rs 50,000 cr in data centre infrastructure in next 10 yrs
Jan 18, 2024, at 04:35 am
Davos (Switzerland): Adani Group’s flagship company Adani Enterprises Limited on Wednesday signed a memorandum of understanding (MoU) with the Maharashtra government to set up 1 GW hyperscale data centre infrastructure in the state at an investment of Rs 50,000 crore in the course of the next decade, media reports said.
Budget 2025 changes government may consider: ICRA Analytics report
Jan 18, 2024, at 03:41 am
Mumbai: The presentation of the Interim Budget on February 1 stands as a critical event in the financial calendar, leading to sharp speculations about the government's spending, fiscal deficit, and individual taxation.
India's engineering goods exports reach $10.04 billion
Jan 18, 2024, at 02:23 am
Kolkata: India's engineering goods exports grew 10.20 percent year-on-year to $10.04 billion in December 2023 despite several challenges stemming from geo-political tensions and tight financial conditions in major advanced economies, according to EEPC India
Tata Passenger Electric Mobility launches Punch.ev, check out the price
Jan 17, 2024, at 11:59 pm
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, on Wednesday (January 17, 2024) launched its first pure EV – the Punch.ev.
Equity market witnesses bloodbath, Sensex drops 1628.01 pts
Jan 17, 2024, at 10:46 pm
The equity market witnessed a bloodbath, as the BSE Sensex on Wednesday plunged 1628.01 pts to close at 71,500.76 a single day fall in 16 months on weak global cues.
Google Pay signs MoU with NPCI to expand UPI outside India
Jan 17, 2024, at 09:53 pm
Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India.
ManipalCigna garners 38 per cent GWP growth in East India in financial year 22-23
Jan 17, 2024, at 04:02 pm
Health insurance company ManipalCigna has garnered 38 per cent gross written premium (GWP) growth in East India in the financial year 22-23.
World Economic Forum President Borge Brende expects India will mark 8 percent growth this year
Jan 16, 2024, at 11:33 pm
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
Mahindra launches all-Electric XUV400 Pro Range. Know the introductory price now
Jan 16, 2024, at 11:16 pm
SUV manufacturer Mahindra & Mahindra Ltd on Monday announced the launch of the XUV400 Pro Range, at an introductory price starting at 15.49 Lakh.
Sensex slips 199 points after touching record high, Nifty ends 65 points below
Jan 16, 2024, at 11:06 pm
The BSE Sensex on Tuesday slipped 199.17 pts to settle at 73,128.77 as selling was witnessed in Realty, Power and IT stocks.
Jan 15, 2024, at 11:33 pm
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
Sensex touches lifetime high at 73,327.95 points
Jan 15, 2024, at 11:15 pm
The BSE Sensex on Monday ended a life time high at 73,327.95, up 759.49 pts, breaching 73K level for the first time on the strength of Technology, Oil and Gas and Energy stocks.
Jan 15, 2024, at 08:18 pm
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
Bandhan Multi Asset Allocation Fund launched for investors seeking a well-rounded
Jan 15, 2024, at 08:11 pm
Bandhan Mutual Fund announced the launch of the Bandhan Multi Asset Allocation Fund, an open-ended scheme that enables investment across diverse asset classes including Indian Equities, International Equities, Arbitrage, Fixed Income, Gold and Silver.
India's wholesale inflation rises to 0.73% in December 2023: Govt data
Jan 15, 2024, at 07:38 pm
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India likely to have 100 million affluent citizens by 2027: Reports
Jan 15, 2024, at 03:20 pm
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
BMW registers robust electric vehicle sales growth in China: Reports
Jan 15, 2024, at 03:37 am
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Narayana Murthy's job application at Wipro was once turned down by Azim Premji: Report
Jan 14, 2024, at 07:39 pm
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.