Rupee falls 9 paise to close at 83.16 against U.S. dollar
File. | Photo Credit: C. Venkatachalapathy The rupee depreciated 9 paise to 83.16 (provisional) against the U.S. dollar, as elevated crude oil prices and weak...
Tech enterprises scouting for global talent to expand footprint: Nasscom
Tech enterprises are looking at newer regions and geographies to scout for talent, to forge collaborations, expand their addressable markets and also to increase competitive...
Zee Entertainment to take legal action against Sony; denies all allegations
“ZEEL held several deliberations and good faith negotiations with Culver Max and BEPL, with a view to consider an extension of the merger completion timeline,...
Banking on a branch visit on Jan. 22? private, PSU banks have different plans
The Reserve Bank of India, headquartered in Mumbai, has announced a holiday for staffers on January 22, 2024, while stock markets as well as money...
India’s power consumption grows nearly 8% in April-December period
India’s power demand has jumped exponentially from 2013-14 to 2022-23, data shows | Photo Credit: S. Thanthoni Power consumption in India witnessed an on-year rise...
Textile sector seeks changes in customs duty on fabrics
The first-ever meeting of the newly constituted Textile Advisory Group for man-made fibre under the Ministry of Textiles has offered hope for changes in customs...
Fake Mysore sandal soap unit in Telangana made over ₹500 crore in 10 years
Karnataka government-owned KSDL, with a legacy of 107 years, is renowned for producing soap infused with pure sandalwood oil. | Photo Credit: File photo A...
Money markets to remain closed on Monday
The money markets will remain closed on Monday January 22 as the Government of Maharashtra has declared that day as a public holiday for celebrations...
KIA Bengaluru wins best airport of the year award
On April 29, 2023, Kempegowda International Airport recorded the highest number of passengers on a single day for 2023 at 116,688 passengers. | Photo Credit:...
Antunes opens new unit in city to serve quick service restaurants
Antunes Managing Director International Business Daniel Schmidt inaugurated the new facility on January 18 at Ponneri Antunes in association with city-based NADI group announced the...
Akasa Air places order for 150 Boeing 737 Max planes
Akasa Air placed an order for 150 Boeing 737 Max planes on January 18, at WingsIndia 2024, Hyderabad. | Photo Credit: PTI During the first...
Markets might be running ahead of themselves: Das
Reserve Bank of India Governor Shaktikanta Das on Wednesday flagged concerns about the ebullient financial markets, stating they may possibly “be running ahead of themselves”...
India may earmark $48 bln for next year’s food, fertiliser subsidies
A farmer spreads fertiliser on his field in Satara district, Maharastra. File | Photo Credit: Reuters India may earmark about $48 billion for food and...
Omega Sekie Mobility to deploy 500 cargo EVs for Kissan Mobility
Electric Vehicles company Omega Seiki Mobility (OSM) has announced that it entered into an agreement to sell 500 units of electric three wheeler cargo vehicles...
Tata Consultancy Services aims to train entire staff with Gen AI skills
“TCS is also using the intelligence gleaned from Gen AI for making its ongoing work for clients faster,” head of ‘AI.Cloud’ unit Siva Ganesan said....
Exports marginally up at $38.45 billion in December; trade deficit narrows
Representational file image. | Photo Credit: PTI The country's exports edged up 1% to $38.45 billion in December 2023 while the trade deficit narrowed to...
Wipro shares jump nearly 14% post-Q3 earnings; mcap climbs ₹18,168 crore
Wipro Ltd’s logo. | Photo Credit: Reuters Shares of Wipro on January 15 jumped nearly 14%, adding ₹8,168.68 crore to its market valuation, after the...
New investments slid 46% in Q3 as manufacturing, infra outlays shrank
Image used for representative purpose only. | Photo Credit: Reuters Fresh investment plans almost halved between October and December 2023 from the previous quarter, with...
India is a massive opportunity for us: SriLankan Airlines CEO
SriLankan Airlines has a long history with India, especially with cities in the south. It began services as early as 1979, and has now operated...
Global debt rush sparks hope for strained developing countries
A $30 billion gush of debt issuance by developing countries since the start of the year is sparking hope that some of the more pressed...
SAP’s Bawa gets global role as Chief Revenue Officer
SAP on Friday elevated Kulmeet Bawa, Managing Director for the Indian Subcontinent, to a global role as the Chief Revenue Officer, SAP Business Technology Platform...
Passenger traffic at KIA Bengaluru up 35% in 2023 compared to 2022
On April 29, 2023, Kempegowda International Airport in Bengaluru recorded the highest number of passengers in a single day for CY2023 at 116,688 passengers. |...
TVS Srichakra enters into pact to provide $5 mn loan to its arm
TVS Srichakra Ltd. has entered into an agreement with its wholly owned subsidiary Super Grip Corporation, USA (formerly known as SG Acquisition Corp), for extending...
IFSC needs to ready platform where green credits can be traded: FM Nirmala Sitharaman
Nirmala Sitharaman. File | Photo Credit: The Hindu Finance Minister Nirmala Sitharaman on January 11 said India has a $10.1 trillion funding gap to meet...
Sebi puts Manappuram Finance’s arm Asirvad Micro Finance IPO on hold
Asirvad Micro Finance had filed preliminary papers with Sebi in October 2023 to garner Rs 1,500 crore through an IPO. Image for representation | Photo...
Adani Group to invest ₹2 lakh crore in Gujarat
Adani Group Chairperson Gautam Adani during the Vibrant Gujarat Global Summit 2024, at Mahatma Mandir in Gandhinagar. | Photo Credit: PTI Billionaire Gautam Adani on...
Goyal remains optimistic about $2 trillion export target
Union Minister of Consumer Affairs Piyush Goyal addresses the inauguration of Patsan Bhavan at Newtown in Kolkata on Saturday. | Photo Credit: ANI Union Commerce...
U.S. hiring beats expectations in December as job market stays resilient
U.S. job growth surged unexpectedly in December, government data showed on January 5, wrapping up a solid year for the labor market even as voters...
India’s real GDP growth for 2023-24 estimated at 7.3%
Image used for representation purpose only. India’s real GDP growth in 2023-24 is estimated at 7.3% as compared to 7.2% in 2022-23, as per the...
Grasim announces ₹4,000 crore rights issue
Grasim Industries Ltd. of the Aditya Birla Group has announced a rights issue of 2,20,73,935 equity shares of the company to raise ₹3,999.80 crore.Shares are priced...
Markets rebound after falling for two days; Sensex jumps 491 points
A man walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty rebounded on...
Bajaj Auto to consider share buyback
The company’s board at its meeting scheduled for January 8, 2024 will consider a proposal to buy back fully paid-up equity shares of the company....
Adani group stocks in heavy demand; Adani Energy zooms nearly 18%, NDTV jumps over 11%
Shares of Adani group of companies jumped in morning trade on January 3, defying a weak trend in the broader equity market, after the Supreme...
Taldar named as new MD, CEO of Airtel Africa plc.
Airtel Africa plc. has announced the retirement of the Chief Executive Officer, Olusegun “Segun” Ogunsanya, with effect from 1 July. The company has also announced the appointment...
Markets fall in early trade; Sensex down 200 points
Image for representation | Photo Credit: VIVEK BENDRE Equity benchmark indices declined in early trade on Tuesday amid weak trends from Asian markets and fresh...
India’s 1991 crisis and the RBI Governor’s role
S. Venkitaramanan, on his way to the hearing in New Delhi on November 26, 1992 S.Venkitaramanan, an IAS officer who served as the Governor of...
With more travellers, planes, airports, ‘bullishness’ greets slightly clouded-aviation skies
A "bullishness" greets the skies as more passengers are set to step into airports and more aircraft, including A350s, are ready to carry them in...
Air India pilot unions object to ‘threats of appropriate measures’ for sick reporting
Pilot unions at Air India on Sunday expressed "concern" over the Tata Group-owned airline's alleged threat to the cockpit staff with "appropriate measures" if pilots...
Finance Minister meets heads of PSBs, reviews financial performance
Union Finance Minister Nirmala Sitharaman chairs a meeting to review performance of Public Sector Banks, in New Delhi, on Dec. 30, 2023. Union Minister of...
Sam Bankman-Fried will not face a second trial: Prosecutors
File picture of FTX founder Sam Bankman-Fried, who was convicted of stealing from customers | Photo Credit: Reuters U.S. prosecutors said they do not plan...
RBI extends time for implementing penal charge norms on loan accounts
The Reserve Bank of India (RBI) has extended the timeline for the implementation of fair lending practice by banks on penal charges in loan accounts...
‘April-Nov. exports in engineering dip 2%‘
India’s engineering exports in the first eight months of the fiscal, ended November, declined 1.81% to $69.46 billion compared to $70.74 billion in the year...
Markets hit fresh lifetime highs; Sensex gains 370 points
A pedestrian walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty advanced further...
Companies raise nearly ₹9,000 crore in December IPO rush
As per an analysis, 12 companies hit the market with their IPOs in December 2023. Representational file image. | Photo Credit: Reuters As many as...
India aims at $1 billion fresh banana exports in next 5 years
Workers packing bananas for export at a packaging unit near Chinnamanur in Theni district, Tamil Nadu. | Photo Credit: KARTHIKEYAN G With successfully exporting a...
Are graduates facing unemployment? – The Hindu
In 1932, the famous engineer and statesman M Visvesvaraya pointed to the high prevalence of unemployment amongst the educated, pointing out that “…the educated men of this...
Govt. approved 746 applications till Nov under PLI schemes for 14 key sectors
Image used for representational purpose only. | Photo Credit: V.V. Krishnan As many as 746 applications have been approved till November 2023 under the Production...
Aurobindo Pharma arm’s new injectable facility in New Jersey gets 10 observations from U.S. FDA
A new injectable facility of Aurobindo Pharma’s step-down subsidiary Eugia US Manufacturing LLC in New Jersey, U.S., has been issued 10 observations by the United...
Centre mulls revival of RoDTEP benefits for sugar exports
Authorities had denied benefits under the RoDTEP scheme to sugar exporters after sugar was removed from the ‘free’ category in June 2022 as a pre-emptive...
India’s $60 billion man-made textile sector reels from Chinese imports glut
For almost a year now, India’s major textile hubs of Ludhiana, Surat, and Erode have been fighting an almost insurmountable challenge: rising imports, or arguably...
Economy growing but wealth not getting distributed, says Rahul Gandhi
Former Congress president Rahul Gandhi. | Photo Credit: Sushil Kumar Verma Economy is growing but the wealth is getting concentrated in a few hands and...
Microsoft ending support for Windows 10 could send 240 million PCs to landfills: report
Microsoft Corp's plan to end support for Windows 10 operating system could result in about 240 million personal computers (PCs) being disposed, potentially adding to...
Rupee rises 12 paise to settle at 83.15 against U.S. dollar
File | Photo Credit: Reuters Rising for the first time this week, the rupee appreciated by 12 paise to settle at 83.15 against the U.S....
Greaves Retail opens e-three-wheeler mart in Chennai
The master retailer outlet will foster expansion for OEMs and offer elevated levels of customer service Greaves Retail, a division of Greaves Cotton Ltd., announced...
Titagarh Rail Systems appoints Anil Agarwal as Deputy MD & CEO of freight rail systems
Titagarh board also decided to promote Joint CFO Saurav Singhania as the chief financial officer of the company. | Photo Credit: Videograb: www.titagarh.in Titagarh Rail...
Customer experience firm Teleperformance to hire 20,000 people in 2024, to expand base in India
We are on course of that journey of having 1.5 lakh people by 2025, says Anish Mukker, CEO India, Teleperformance. | Photo Credit: Special Arrangement...
Air India borrows $120 million from Japan’s SMBC to buy Airbus plane
Tata to buy a total of 470 aircraft from Boeing and Airbus, and Air India has also contributed equity. | Photo Credit: Reuters Japanese lender...
Karur Vysya Bank, HDFC Life enter into corporate agency tie-up
Private sector Karur Vysya Bank and HDFC Life have entered into a corporate agency agreement to offer life insurance products to their respective customers. This...
Rupee dips 3 paise to 83.13 against U.S. dollar in early trade
Image used for representational purpose. | Photo Credit: Reuters The rupee depreciated 3 paise to 83.13 against the U.S. dollar in early trade on Tuesday...
Stock markets snap record-breaking run on profit-taking; Sensex drops 168 points
Representational file image. | Photo Credit: Vivek Bendre Benchmark equity indices Sensex and Nifty declined on December 18 due to profit-taking by investors after a...
Rupee falls 2 paise to close at 83.05 against U.S. dollar
File. | Photo Credit: C. Venkatachalapathy The rupee surrendered all its initial gains to settle 2 paise lower at 83.05 (provisional) against the U.S. dollar...
