Nov 05, 2024, at 10:53 pm
Kolkata/IBNS: Defence PSU Garden Reach Shipbuilders and Engineers Ltd. (GRSE), which formally stepped into the realm of constructing ‘Next Generation’ combat vessels on Tuesday by laying the keels of two NGOPVs (Next Generation Offshore Patrol Vessels), said they are manufacturing at least 17 warships for the Indian Navy besides one for Bangladesh.
Boeing US West Coast factory workers accept new contract, ending seven-week strike: Report
Nov 05, 2024, at 10:25 pm
Mukilteo (US) : Boeing's factory workers on the U.S. West Coast agreed to a new contract on Monday, concluding a seven-week strike that had stalled jet production and worsened the financial situation for the struggling planemaker, Reuters reported.
Xiaomi India president Muralikrishnan resigns as brand aims to reclaim smartphone market leadership
Nov 05, 2024, at 09:01 pm
New Delhi/IBNS: Muralikrishnan B, President of Xiaomi India, has stepped down as the company seeks to reclaim its top position in India’s smartphone market, according to Moneycontrol.
Insider founder-CEO and Paytm CPO Shreyas Srinivasan quits after Zomato deal
Nov 05, 2024, at 08:47 pm
New Delhi/IBNS: Shreyas Srinivasan on Monday (Nov. 4) resigned as Chief Product Officer and Head of Consumer Products at Paytm, following the sale of Paytm’s entertainment and live ticketing platform, Insider.in, to the food-delivery giant Zomato.
RIL preparing for Jio IPO in 2025, retail business to go public much later: Report
Nov 05, 2024, at 08:35 pm
Mumbai/IBNS: Reliance Industries Ltd. (RIL) plans to take Jio Platforms Ltd., its telecommunications subsidiary, public in 2025, Reuters reported, citing sources familiar with the matter.
Nov 05, 2024, at 06:33 pm
Mumbai/IBNS: Noel Tata has been appointed to the board of Tata Sons, the holding company of the Tata Group, as a representative of Tata Trusts, following his recent elevation to Trusts chairman after Ratan Tata’s death, reports the Economic Times (ET).
India's diesel market signals warning as growth slows down
Nov 05, 2024, at 06:29 pm
Mumbai/IBNS: India's diesel market is showing signs of a slowdown as demand growth loses steam, raising concerns for the world's third-largest oil importer, reports Bloomberg.
Mahindra debuts Electric Origin SUVs
Nov 04, 2024, at 10:26 pm
Automobile major Mahindra is set to introduce two pioneering electric brands, XEV and BE (pronounced be), on the Electric Origin INGLO architecture, at the Unlimit India World Premiere on November 26 in Chennai.
FPIs withdraw Rs 94,000 crore from Indian equities in October in worst monthly outflow
Nov 04, 2024, at 10:09 pm
Mumbai/IBNS: Foreign investors offloaded approximately Rs 94,000 crore ($11.2 billion) worth of Indian stocks in October, marking the worst monthly outflow to date, driven by India's high stock valuations and more attractive pricing in China, as per NSDL data.
Telangana: Swiggy fined Rs 35,000 for inflating delivery distance to overcharge customers
Nov 04, 2024, at 09:45 pm
Hyderabad/IBNS: Leading food and grocery delivery platform Swiggy has been fined Rs 35,000 for allegedly inflating delivery distances to overcharge customers.
Swiggy IPO set to hit the Street on Nov 6: Key things to know before subscribing to the issue
Nov 04, 2024, at 08:51 pm
Mumbai/IBNS: Swiggy, the leading food and grocery delivery platform, is gearing up for its stock market debut with the launch of its Initial Public Offering (IPO) next week.
Oil prices rise by over $1 as OPEC+ delays output hike
Nov 04, 2024, at 08:23 pm
Beijing/IBNS: Oil prices saw further gains on Monday (Nov. 4), climbing more than $1 following OPEC+'s decision to delay a planned production increase by a month.
Google CEO Sundar Pichai speaks on the proposal of breaking up the tech giant
Nov 04, 2024, at 08:01 pm
California/IBNS: During an earnings call this week, Google CEO Sundar Pichai conveyed confidence in the company’s legal stance while underscoring its commitment to broad accessibility for its products.
Afcons Infrastructure stock surges 8.9% after listing at discount on NSE
Nov 04, 2024, at 07:28 pm
Mumbai/IBNS: Afcons Infrastructure shares rose by 8.9 percent to Rs 463.9 on the NSE following a weak market debut earlier this week.
Apple acquires Lithuanian-based photo editing app Pixelmator
Nov 02, 2024, at 08:43 pm
California/IBNS: Apple has acquired Pixelmator, the Lithuanian-based company behind popular image editing apps like Pixelmator, Pixelmator Pro, and Photomator.
Adani Power cuts electricity supply to crisis-hit Bangladesh over unpaid bills: Report
Nov 02, 2024, at 08:22 pm
Dhaka/New Delhi/IBNS: Adani Power Jharkhand Limited (APJL), a branch of Adani Power, has significantly reduced its electricity supply to Bangladesh due to unpaid bills totaling $846 million, as reported by Bangladesh's The Daily Star on Friday (Nov. 2).
US court allows Twitter's ex-CEO Parag Agrawal, other dismissed execs to sue Elon Musk for severance
Nov 02, 2024, at 07:52 pm
California/IBNS: A US District Court judge in California has ruled that former Twitter executives, including ex-CEO Parag Agrawal, may proceed with a lawsuit against Elon Musk for severance pay, Bloomberg reported on Saturday (Nov. 2).
Google India's FY24 PAT stood at Rs 1,424.9 cr
Nov 02, 2024, at 05:47 am
Mumbai: Google India's profit after tax (PAT) in fiscal year 2023-24 stood at Rs 1,424.9 crore, according to documents released by Tofler on Friday.
October witnesses jump in electronic two-wheeler sales; Ola, TVS, Bajaj top three performers
Nov 02, 2024, at 05:21 am
New Delhi: The domestic electric two-wheeler (E2W) market saw a nearly 54% month-on-month (MoM) growth in October, fuelled by discount offers, festive season promotions, price cuts, and the release of new variants by industry players, media reports said.
Maruti Suzuki and Mahindra post record sales in October on festive demand surge
Nov 02, 2024, at 04:02 am
Mumbai: Indian automakers Maruti Suzuki India (MSI) and Mahindra & Mahindra (M&M) reported record monthly sales in October, fuelled by festive season demand.
India leads global growth with robust investment and consumption: IMF Report
Nov 02, 2024, at 03:18 am
New Delhi: India continues to lead as the world’s fastest-growing economy, driven by strong investment and private consumption, according to the International Monetary Fund's (IMF) Asia-Pacific Regional Economic Outlook released on Friday.
Partha Pratim Sengupta joins as new MD&CEO of Bandhan Bank
Nov 01, 2024, at 11:53 pm
Kolkata: Partha Pratim Sengupta assumed charge as new MD&CEO of private lender Bandhan Bank with effect from Friday, the lender said.
GST collection hits six-month high at Rs 1.87 lakh crore, up 8.9% in Oct
Nov 01, 2024, at 11:39 pm
New Delhi/IBNS: Goods and Services Tax (GST) collections reached a six-month peak of Rs 1.87 lakh crore in October, surpassing the Rs 1.7 lakh crore mark for the eighth straight month, according to data released on Friday (Nov. 1).
Nov 01, 2024, at 11:34 pm
New Delhi/IBNS: Starting November 1, 2024, a series of updates will bring significant changes across India, impacting everything from financial transactions to daily services.
Jet fuel prices rise 3.3%, fourth straight hike for commercial LPG in line with global trends
Nov 01, 2024, at 11:23 pm
New Delhi: The price of jet fuel, or aviation turbine fuel (ATF), rose by 3.3% on Friday, while commercial LPG prices used in the hospitality sector increased by Rs 62 per 19-kg cylinder, reflecting adjustments to align with global oil price trends, media report said.
Tim Cook confirms plans to open four new Apple stores in India
Nov 01, 2024, at 11:16 pm
California/IBNS: Apple CEO Tim Cook has announced plans to open four additional Apple Stores in India, following record-breaking quarterly revenue for the third quarter of 2024.
Nov 01, 2024, at 10:08 pm
Union Minister of Commerce and Industry Piyush Goyal successfully concluded his visit to Saudi Arabia during which he participated in the Plenary Session of the 8th Edition of Future Investment Initiative (FII).
PM Economic Advisory Council chairman Bibek Debroy passes away at 69
Nov 01, 2024, at 04:35 pm
New Delhi/IBNS: Bibek Debroy, the chairman of the Economic Advisory Council to the Prime Minister, passed away at the age of 69 on Friday, media reports said.
PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report
Oct 31, 2024, at 08:28 pm
Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.