Saturday, April 20, 2024
MUMBAI — Tata Passenger Electric Mobility Ltd (TPEM) said on Thursday that it has signed a non-binding Memorandum of Understanding with Shell India Markets Private Limited (SIMPL) to collaborate in setting up public charging stations across India. ...
11 Apr 2024
NEW DELHI — Automaker Hyundai Motor on Thursday launched the corporate edition of the ‘Grand i10 NIOS’ at an introductory price of INR 6,93,200 in India. The new vehicle comes available in seven colours — Atlas White, Typhoon Silv...
11 Apr 2024
KOLKATA — The Calcutta High Court has directed the execution of a foreign award against Hindustan Copper Ltd (HCL) in India that had arisen out of a two-tier arbitration in relation to an agreement between HCL and US-based Centrotrade Minerals and ...
11 Apr 2024
NEW DELHI — Leading carmaker Maruti Suzuki on Wednesday announced an increase in the prices of its popular Swift and Grand Vitara Sigma models by INR 25,000 and 19,000 respectively. The Swift was priced in the INR 5.99 lakh to 9.03 lakh range while...
10 Apr 2024
NEW DELHI — The Centre on Wednesday directed all states and UTs to enforce weekly stock disclosure of pulses by all stockholding entities and verify the stocks declared by them in order to prevent hoarding and market manipulation that leads to an i...
10 Apr 2024
BENGALURU —IT major Wipro on Wednesday appointed Malay Joshi as CEO of its Americas 1 Strategic Market Unit, with immediate effect. Joshi will also join the company’s executive board. He succeeds Srini Pallia, who has been appointed as CEO an...
10 Apr 2024
NEW DELHI — Asian central banks are likely to begin cutting rates from late June onwards, global brokerage Morgan Stanley said. “Across the region, real rates are rising given lower inflation. As long as central banks begin to cut rates from June...
10 Apr 2024
NEW DELHI — About 90 per cent of Indian organisations asserted that building human-centric and accessible applications has become more crucial than it was two years ago, a new report said on Wednesday. Human-centred application development refers t...
10 Apr 2024
NEW DELHI — Ride-hailing company Ola on Tuesday said it has decided to shut down all of its existing global markets, namely the UK, Australia and New Zealand amid rising competition. The company mentioned that it will be focusing on the Indian mark...
09 Apr 2024
NEW DELHI — The entry of Tesla in India, as the company scouts for factory land, will be a natural progression, its CEO Elon Musk has said, as the country gears up for mobility transformation. In a ‘Spaces’ meeting on his X social media platfor...
09 Apr 2024
NEW DELHI — MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion. JM Financial Institutional Securities said the price cut-off date for the...
09 Apr 2024
NEW DELHI, APRIL 9 (IANS) — An important feature of the recent rally in India is that it is led by fundamentally strong sectors like capital goods, automobiles, banking and metals, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial...
09 Apr 2024
MUMBAI — After a stellar FY24, Indian equity markets continue to march higher into a new territory. Hopes of a favourable outcome from the ensuing general elections and the subsequent policy thrust are keeping the sentiments upbeat, said Dhiraj Rel...
08 Apr 2024
MUMBAI — RBI Governor Shaktikanta Das on Monday emphasised the need to give retail customers a fair deal in foreign exchange markets that is at par with large customers. “There is a need for effective market-making and finer pricing for smaller d...
08 Apr 2024
SEOUL — South Korea’s antitrust regulator has launched an inspection into China’s Temu shopping app on suspicions of the retail platform’s false advertising and other unfair business practices, officials said on Monday. The Fair T...
08 Apr 2024
NEW DELHI — India’s consumer technology sector has grown quickly in recent years, now valued at over $250 billion. The mid-premium smartphone segment reached a 5 per cent market share, growing by 27 per cent YoY in 2023. But despite the signi...
08 Apr 2024
NEW DELHI — Gold rose on the Multi Commodity Exchange (MCX) on Monday as prices of the precious metal shot up to a record high in the international market amid rising geopolitical tensions in Central Asia. Gold futures, maturing on June 5, 2024, st...
08 Apr 2024
NEW DELHI — Tata-owned Air India on Monday announced the appointment of Jayaraj Shanmugam, as head of global airport operations. Shanmugam will assume his role on April 15, and will report to Chief Operations Officer, Captain Klaus Goersch. Shanmug...
08 Apr 2024
NEW DELHI — Amid its ongoing operational challenges, Vistara Airlines on Sunday announced a “carefully” planned reduction in its flight operations. The decision, aimed at bolstering operational resilience, entails scaling back around 25...
07 Apr 2024
NEW DELHI — The Indian startups continued to raise funds at a normal pace, and last week, as many as 30 startups secured over $172.71 million in the country. This included eight growth-stage deals and 16 early-stage deals, reports Entrackr. “...
07 Apr 2024
NEW DELHI — The board of directors of Vodafone Idea on Saturday approved a preferential issue of shares to an Aditya Birla Group entity to the tune of INR 2,075 crores. The board approved the issuance of upto 1,395,427,034 Equity Shares of face val...
06 Apr 2024
NEW DELHI — BoB Essential Commodity Index (BoB ECI) has increased at the fastest pace since August 2023 by 5.9 per cent in March 2024, on YoY basis and by 0.4 per cent, on a sequential basis, says Dipanwita Mazumdar, Economist, Bank of Baroda. On a...
06 Apr 2024
NEW DELHI — The rise in EV battery manufacturing, alongside the ‘Make in India’ initiative, will lower manufacturing costs and boost EV sales in the country, according to industry experts. According to Liz Lee, Associate Director at Counterpoin...
06 Apr 2024
MUMBAI — India’s foreign exchange reserves rose for a sixth consecutive week to hit a historic high of $645.58 billion for the week ended March 29, according to RBI data released on Friday. The forex kitty increased by $2.95 billion during th...
05 Apr 2024
MUMBAI — The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim of keeping inflation in check and ensuring that the economy moves o...
05 Apr 2024
