Where will funds for Congress’ ‘Khata-Khat’ schemes come from, asks Nirmala Sitharaman
New Delhi, May 13 - Finance Minister Nirmala Sitharaman on Monday fired a fresh salvo against Rahul Gandhi and the Congress, for making “lofty promises disconnected with reality” during the Lok Sabha poll campaign without explaining where the huge funds to finance these
PhonePe’s Share.Market to introduce proprietary stock research using factor analysis
New Delhi, May 13 - Share.Market, a PhonePe product, brings forth the Intelligence Layer on Stocks -- an in-depth quantitative factor-based analysis of each stock, a first-of-its-kind in the discount broking industry.
Toyota pips Hyundai Motor to capture top spot in Q1 global hydrogen car sales
Seoul, May 13 - South Korea's top automaker Hyundai Motor has slipped to second place in global hydrogen vehicle sales in the first quarter (Q1), data showed on Monday.
Led by Adani Group, India saw robust deal-making activity in April: Report
New Delhi, May 13 - India Inc saw robust deal-making activity in April, with three major domestic consolidations by the Adani Group valued at $2 billion, representing 38 per cent of the total deal values, a new report showed on Monday.
Singapore airport retailer selected to run duty-free outlets at Noida airport
New Delhi, May 13 - The famous Heinemann group, which operates retail outlets at Singapore’s Changi airport as well as the Hong Kong and Auckland airports, has been selected to run the duty-free shops at the Noida International Airport.
Paytm focuses on UPI Lite Wallet for low-value daily payments
New Delhi, May 13 - One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Monday, said that it is now focusing on UPI Lite wallet to move the users who prefer wallet for low-value everyday payments.
Tripura Gramin Bank secures 2nd position among 43 Regional Rural Banks in India
Agartala, May 11 - The Tripura Gramin Bank (TGB) has secured the second position in terms of business, growth, and diverse performance among 43 Regional Rural Banks (RRBs) in India, registering a profit of Rs 27.92 crore after doing business of Rs 12,398.55
KABIL gets new office in Delhi to speed up efforts for securing critical minerals
New Delhi, May 11 - Secretary, Ministry of Mines, V L Kantha Rao on Saturday inaugurated the Registered Office of Khanij Bidesh India Ltd (KABIL) at Sansad Marg to speed up the country’s efforts to secure stable supplies of critical minerals such as
Dharani Sugars out of Insolvency Process, to restart plants in 3 months
Chennai, May 10 - Exiting the Corporate Insolvency Resolution Process (CIRP) list, sugar manufacturer Dharani Sugars & Chemicals Limited (DSCL) hopes to restart operations at its three plants soon, said a top official of the PGP Group.
Public sector oil giants post 25-fold jump in combined profit at Rs 86,000 crore for 2023-24
New Delhi, May 10 - The state-owned oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have not only ensured fuel availability at affordable rates in 2023-24, with one of the lowest fuel price inflation globally in India, but they have also
India’s industrial production clocks 4.9 pc growth in March
New Delhi, May 10 - India’s Index Industrial Production (IIP) clocked a 4.9 per cent growth in March this year over the same month of the previous year, as per the figures released by the Ministry of Statistics on Friday.
India’s forex reserves surge by $3.7 bn to touch $641.6 bn mark
Mumbai, May 10 - India's foreign exchange reserves rose by $3.7 billion during the week ended May 3 to touch the $641.59 billion mark, the latest RBI data released on Friday showed.
Bank of Baroda Q4 net profit rises to 4,886 crore
Mumbai, May 10 - Government-owned Bank of Baroda reported a net profit of Rs 4,886 crore for the January-March quarter of 2023-24, up 2.3 per cent from the corresponding figure of Rs 4,775 crore in the same period a year ago.
Tata Motors posts 222 pc jump in Q4 net profit at Rs 17,410 crore
Mumbai, May 10 - Auto giant Tata Motors on Friday reported a 222 per cent jump in its consolidated net profit at Rs 17,407.18 crore for the Jan-March quarter of 2023-24 on the back of robust sales at UK subsidiary Jaguar Land Rover.
Thomas Cook India launches ‘TCPay’ for international money transfers
New Delhi, May 10 - Omnichannel forex services company Thomas Cook India on Friday launched a new digital service called 'TCPay' to bring ease and efficiency to international money transfers.
Cipla Q4 net profit surges by 79 pc, declares dividend of Rs 13 per share
Mumbai, May 10 - Pharma major Cipla on Friday reported a 78.5 per cent surge in net profit to Rs 939 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 525 crore for the same period last year.
Indians buying luxury homes more than ever, affordable housing sees 20 pc dip: Report
New Delhi, May 10 - Luxury and premium home sales surged in India in the last five years -- from 7 per cent sales in Q1 2019 to 21 per cent in Q1 2024 -- while affordable housing saw a 20 per cent
India on the cusp of becoming a global tech powerhouse: Industry leaders
New Delhi, May 10 - With its burgeoning tech ecosystem and emphasis on harnessing the power of artificial intelligence (AI), India is on the cusp of becoming a global tech powerhouse, industry leaders said on Friday, ahead of the National Technology Day that
25 terminated Air India Express employees reinstated as Chief Labour Commissioner steps in
New Delhi, May 9 - A total of 25 cabin crew members of Air India Express who were terminated after they reported sick on Tuesday and Wednesday have been reinstated following a meeting at the office of the Chief Labour Commissioner (CLC) between
Finance Ministry hosts workshop on best AI practices for bank chiefs
New Delhi, May 9 - The Finance Ministry on Thursday held a workshop for CEOs and MDs of 12 public sector banks and other financial institutions to provide them with insights into the best practices for AI adoption and risk mitigation in the