Adani Energy secures Rs 25,000 cr HVDC project, its largest contract yet
Jan 21, 2025, at 08:51 pm
New Delhi: Adani Energy Solutions Ltd (AESL), India’s leading private transmission and distribution company, has clinched its largest-ever contract worth Rs 25,000 crore for the Bhadla (Rajasthan) to Fatehpur (Uttar Pradesh) High Voltage Direct Current (HVDC) transmission project.
Flipkart co-founder Sachin Bansal’s firm loses Rs 14.26 cr due to financial fraud
Jan 21, 2025, at 08:34 pm
Bengaluru: Flipkart co-founder Sachin Bansal's financial products and services startup reported a cyber fraud that caused losses amounting to Rs 14.26 crore in just 14 days during December 2024, reported The Hindu.
Gita Gopinath urges India to cut tariffs, focus on reforms for economic growth
Jan 21, 2025, at 08:06 pm
Davos: International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath has urged India to consider lowering its tariffs, not only in response to the tariff threats posed by US President Donald Trump but also to reap long-term economic benefits.
Narayana Murthy clarifies 70-hour workweek remark: ‘No one can impose it on others’
Jan 21, 2025, at 06:28 pm
New Delhi: Infosys co-founder Narayana Murthy clarified his earlier remarks on a 70-hour workweek during the IMC Kilachand Memorial Lecture on Monday, stating that such a practice cannot be imposed on anyone, media reports said.
India is now seventh largest coffee producer in world, export touches $1.29 billion in FY 2023-24
Jan 21, 2025, at 05:55 pm
India is now the seventh-largest coffee producer globally with exports reaching $1.29 billion in FY 2023-24, almost double the $719.42 million in 2020-21, said the Ministry of Commerce and Industry on Monday.
Jan 21, 2025, at 05:31 pm
New Delhi: Hyundai Motor India on Tuesday announced that it has achieved up to 92% localisation in manufacturing, engaging over 194 vendors to source more than 1,200 parts, according to media reports.
TCS becomes second global IT service brand to cross USD 20 Bn in brand value
Jan 21, 2025, at 03:25 pm
Global IT major Tata Consultancy Services has become the second global IT services brand with a brand valuation of $21.3 billion.
Why You Should Consider a Home Loan from IDBI Bank
Jan 20, 2025, at 06:23 pm
Is any decision in your life bigger and more significant than purchasing a home? Probably not, especially if you are in India, because having a home is not just a sign of stability but prosperity and a matter of great pride.
Tech entrepreneur Elon Musk hosts Indian Global Forum business delegation at Space X
Jan 19, 2025, at 08:17 pm
Tech entrepreneur Elon Musk recently hosted a delegation of Indian business figures at SpaceX's Starbase facility in Texas.
Sona SPEED partners Sarla Aviation to design-make critical components for eVTOL air taxi
Jan 19, 2025, at 02:03 pm
Sona SPEED, the precision manufacturing firm, has signed a Memorandum of Understanding (MoU) with Sarla Aviation, a leading innovator in electric flying taxis to design and manufacture critical components for electric vertical take-off and landing (eVTOL) aircraft.
Union Cabinet approves Rs 11,440 cr revival package for Vizag Steel
Jan 17, 2025, at 10:43 pm
New Delhi: The Union Cabinet has approved a Rs 11,440 crore package to revive the debt-laden Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, the government announced on Friday.
IMF retains India’s FY26-27 growth forecast at 6.5%, highlights global risks and opportunities
Jan 17, 2025, at 09:58 pm
New Delhi: The International Monetary Fund (IMF) maintained its growth forecast for India on Friday at 6.5% for FY26 and FY27, stating that this projection aligns with the country's potential.
Coal India trims FY25 production target to 806-810 MT, focuses on 4-5% growth
Jan 17, 2025, at 05:58 pm
Kolkata: Coal India Ltd (CIL) has revised its production target for the current fiscal to a realistic range of 806-810 million tonnes (MT), down from the earlier goal of 838 MT, according to company Chairman PM Prasad.
Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore; FY25 IT services outlook improved
Jan 17, 2025, at 05:38 pm
Bengaluru: Wipro Ltd reported a 4.5% quarter-on-quarter (QoQ) increase in net profit to Rs 3,354 crore for the October-December 2024 quarter, surpassing market expectations.
India’s fiscal deficit to narrow as tax revenues grow: World Bank
Jan 17, 2025, at 05:29 pm
New Delhi: India's fiscal deficit is forecasted to narrow steadily, supported by increasing tax revenues, as per the latest World Bank report.
ED attaches assets worth Rs 440 cr in Delhi, Haryana, and Punjab in Kwality Ltd loan fraud case
Jan 17, 2025, at 04:49 pm
New Delhi: The Enforcement Directorate (ED) said on Thursday that it has attached assets valued at over Rs 440 crore across Delhi, Haryana, and Punjab in connection with an alleged bank loan fraud and money laundering case involving former promoters of Kwality Ltd, The Economic Times reported.
E-Vitara: Indian car major Maruti Suzuki unveils maiden electric vehicle with 500 kms range
Jan 17, 2025, at 04:18 pm
Indian carmaker Maruti Suzuki on Friday unveiled its maiden electric vehicle e-Vitara at the ongoing Bharat Mobility Global Expo 2025 in New Delhi.
Reliance Industries reports 7% YoY rise in Q3 net profit
Jan 16, 2025, at 11:27 pm
Mumbai: Reliance Industries (Ltd) on Thursday reported 7% year-on-year (YoY) growth in its consolidated net profit at Rs 18,540 crore for the third quarter. Revenues from operations increased 7% YoY to Rs 2.43 lakh crore.
AI Call Centers: Best Use Cases and Insights from Simply Contact
Jan 16, 2025, at 03:48 pm
Poland: The global integration of Artificial Intelligence (AI) has given a major push for the call center industry’s massive smart transformation. AI tech now equips call centers with tools to automate routines, make customer experiences more in-depth and intuitive, and drive agent productivity.
RBI to conduct daily VRR auctions to address banking system liquidity deficit
Jan 16, 2025, at 03:05 pm
Mumbai: India’s central bank announced on Wednesday that it will conduct variable rate repo (VRR) auctions on all working days until further notice to ease liquidity constraints in the banking system, Reuters reported.
Govt to develop AI-powered platform for trade data analytics
Jan 16, 2025, at 01:47 pm
New Delhi: The government is advancing efforts to develop an AI-driven data analytics platform to enhance trade data insights, said Commerce Secretary Sunil Barthwal, according to media reports.
HDFC Life reports 15% rise in Q3 net profit to Rs 421.31 cr
Jan 15, 2025, at 08:02 pm
Mumbai: HDFC Life Insurance Company reported a 15% growth in consolidated net profit for the December quarter (Q3FY25), reaching Rs 421.31 crore, compared to Rs 367.54 crore in the same period last year.
Bank of Baroda raises Rs 5,000 cr via infra bonds at 7.23%
Jan 15, 2025, at 07:52 pm
Mumbai: State-owned Bank of Baroda (BoB) has successfully raised Rs 5,000 crore through ten-year infrastructure bonds at a coupon rate of 7.23%, media reported.
Jan 15, 2025, at 07:20 pm
Mumbai: L&T Technology Services (LTTS) posted a net profit of Rs 322.4 crore for the third quarter of FY25 (Q3FY25), marking a 4.1% decline year-on-year (YoY), media reports said.
Benefits of using a Personal loan for marriage expenses
Jan 15, 2025, at 06:28 pm
Weddings are often a once-in-a-lifetime event that requires substantial financial planning. Whether it’s the venue, food, outfits, or decorations, expenses can quickly add up. In such situations, opting for a personal loan can be a wise decision, especially when it comes to managing marriage expenses. A personal loan can ease the financial burden, allowing you to enjoy your special day without worrying about immediate payments.
Indian IT firms face rising wage bills as demand for skilled professionals grows
Jan 15, 2025, at 04:37 pm
New Delhi: As Indian IT companies experience higher revenue productivity amid slower workforce expansion, HCLTech CEO C Vijayakumar has underscored the sustained demand for skilled professionals, which will contribute to escalating wage costs, media reports said.
Schneider Electric to automate India’s largest water treatment plant in Mumbai
Jan 15, 2025, at 04:17 pm
Mumbai: Schneider Electric, a global leader in energy management and automation, has secured the contract to automate India’s largest water treatment facility, located in Bhandup, Mumbai.
Adani Group in advanced talks to acquire Emaar India for up to Rs 5,000 cr
Jan 15, 2025, at 03:54 pm
Mumbai: The Adani Group is reportedly in advanced discussions with Dubai-based Emaar Properties to acquire a majority stake in its Indian subsidiary, Emaar India, for an estimated Rs 4,000-5,000 crore.
Udaan secures NCLT approval for corporate restructuring, eyes IPO by 2026
Jan 14, 2025, at 09:39 pm
New Delhi: Udaan, India’s leading business-to-business (B2B) e-commerce platform, has received approval from the National Company Law Tribunal (NCLT) for its corporate restructuring plan, media reports said.
Rupee rebounds 8 paise to 86.62 against US dollar, recovering from historic low
Jan 14, 2025, at 08:20 pm
New Delhi: The rupee rebounded from its historic low, gaining 8 paise to settle provisionally at 86.62 against the US dollar on Tuesday, as the American currency retreated from record highs, Reuters reported.