Thursday, April 25, 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
SEOUL — Samsung Electronics said on Friday that its operating profit for the first quarter is estimated to have shot up more than 10-fold on rebounding demand for memory chips, beating market expectations. The world’s biggest maker of memory ...
05 Apr 2024
SEOUL — LG Electronics said on Friday that its operating profit for the first quarter of this year fell more than 10 per cent from a year earlier, due to rising costs and intensifying competition. Its first-quarter operating profit came to 1.33 tri...
05 Apr 2024
MUMBAI — India’s GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said on Friday. “Growth has continued to sustain its moment...
05 Apr 2024
NEW DELHI — Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR-1, I...
04 Apr 2024
NEW DELHI — Zomato-owned quick commerce platform Blinkit on Thursday said that they will be collaborating with Sony to sell PlayStation 5 on its platform. The company will be launching PlayStation 5 on its platform on April 5. “PlayStation 5 ...
04 Apr 2024
NEW DELHI — From the beginning of 2024, gold has been on a strong footing having risen by 6 per cent as against the broader equity market says Naveen KR, smallcase Manager & Senior Director, Windmill Capital. The slew of elections lined up in t...
04 Apr 2024
NEW DELHI — It was in 2015 when Prime Minister Narendra Modi visited the Tesla facility in Palo Alto, California and Elon Musk took him for a tour of his electric car plant, convincing the PM that electric vehicles are going to be the next big disr...
04 Apr 2024
MUMBAI — The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead of April 5 as was announced earlier. The RBI s...
04 Apr 2024
NEW DELHI — Q4 results will be the next major trigger for the market from a sectoral and stock-specific perspective, said V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Global and domestic cues indicate that the market i...
04 Apr 2024
NEW DELHI — The Axis Bank said on Wednesday that all the required regulatory approvals for the proposed subscription of shares in Max Life Insurance have been received. On August 9, 2023, Axis Bank informed about the proposed infusion of INR 1,612 ...
03 Apr 2024
NEW DELHI — Samsung India’s head of digital appliances, Saurabh Baishakhia, on Wednesday said that the company expects Artificial Intelligence (AI)-powered Bespoke appliances to contribute 70 per cent to its sales in the country by 2025. This...
03 Apr 2024
NEW DELHI — Rolls-Royce said that it successfully kicked off the flight test campaign for its latest aero engine for the business aviation market, the Pearl 10X, on the company’s dedicated Boeing 747 flying testbed. The engine has been selected b...
03 Apr 2024
SEOUL — Elon Musk-run Tesla overtook Mercedes-Benz as the second-largest seller of imported vehicles in South Korea last month, industry data showed on Wednesday. The number of newly registered imported cars came to 25,263 units in March, up 6 per ...
03 Apr 2024
NEW DELHI — The number of Unified Payments Interface (UPI) transactions witnessed a staggering growth at 56 per cent (year-on-year) in the second half of last year (H2 2023), with the volume being at 65.77 billion from 42.09 billion in H2 2022, a n...
03 Apr 2024
NEW DELHI — Gold price in India hit a record high Rs 69, 640 per 10 grams on MCX on Wednesday tracking a sharp increase in international prices of the precious metal, driven by the high safe-haven demand amid escalating geopolitical tensions in Cen...
03 Apr 2024
SRINAGAR — Breaking all previous records, the Gulmarg ski resort Gondola cable car project has earned a revenue of INR 110 crore in FY 2023-2024 ferrying over a million tourists and locals. As a result of the remarkable tourist footfall and because...
03 Apr 2024
NEW DELHI — The Food Safety and Standards Authority of India (FSSAI) has asked all e-commerce food business operators to ensure appropriate categorisation of food products being sold on their websites and not misuse terms such as Health Drink and E...
02 Apr 2024
