‘Digital India FutureLABS’ to catalyse next wave of startups from India: MoS IT
New Delhi, Feb 3 - The government on Saturday launched the ‘Digital India FutureLABS’ initiative that will enable partnerships between the government, startups and large enterprises to foster the next-generation electronics design ecosystem, thus catalysing the next wave of startups from the country.
SBI records 35% fall in Q3 net profit at Rs 9,163 crore
New Delhi, Feb 3 - State Bank of India (SBI) on Saturday reported a 35 per cent decline in net profit at Rs 9,163 crore for the October-December quarter of the current financial year.
Codex committee finalises quality standards for 5 spices
New Delhi, Feb 3 - The 7th session of the Codex Committee on Spices and Culinary Herbs (CCSCH) held at Kochi has finalised the quality standards for 5 spices, namely small cardamom, turmeric, juniper berry, allpice and star anise, the Commerce Ministry said
Zuckerberg fifth richest person in the world following surge in Meta share price
New York, Feb 2 -Meta Platforms CEO Mark Zuckerberg is now the fifth richest person in the world following a surge in Meta’s share price that has seen his net worth increase more than any other individual this year, MarketWatch reported.
Tata Motors’ Q3 PAT zooms to Rs 7,145.43 crore
Chennai, Feb 2 - Indian automobile major Tata Motors Ltd said on Friday that it logged a consolidated net profit of Rs 7,145.43 crore for the quarter ended December 31, 2023.
Adani Electricity tops National Consumer Service Ratings among Mumbai discoms
Mumbai, Feb 2 - The Adani Electricity Mumbai Ltd (AEML) garnered 'A' ranking in the Consumer Service Ratings-2023 among 62 distribution companies across India, released by the Ministry of Power, an official said here on Friday.
Interim Budget surprised positively on fiscal deficit target: Morgan Stanley
New Delhi, Feb 2 - The Interim Budget focused on consolidating fiscal deficit ahead of expectations and pegged the target at 5.1 per cent of GDP for F25BE from 5.8 per cent of GDP in F24RE. Further, the fiscal assumptions look reasonable with
PM to inaugurate, lay foundation of projects worth over Rs 68K cr in Odisha
Bhubaneswar, Feb 2 - Prime Minister Narendra Modi on Saturday will inaugurate and lay the foundation of a slew of infrastructural projects worth more than Rs 68,000 crore during his visit to Odisha on Saturday.
US stocks open mixed following stronger-than-expected jobs report
New York, Feb 2 - US stocks opened mixed on Friday following a stronger-than-expected jobs report and earnings beats from tech giants Amazon and Meta, a media report said.
Tata Motors Q3 net profit surges more than 2-fold to Rs 7,3025 cr
New Delhi, Feb 2 - Tata Motors on Friday announced a more than two-fold increase in its consolidated net profit at Rs 7,025 crore for the October-December quarter of the current financial year driven by strong sales in its UK luxury car unit
PM Modi to lay foundation for NLC India’s 2,400 MW Odisha power project
Chennai, Feb 2 - Prime Minister Narendra Modi on Saturday will be laying the foundation stone for the first phase of the 3,200 MW pit head green field thermal power project in Odisha being built by the integrated lignite/coal mining and power generation
‘Interim Budget reflects progress of eastern India is priority for govt’
Guwahati, Feb 1 - The 'Indian Chamber of Commerce (ICC) North East Initiative', on Thursday hailed the interim Union Budget presented in the Lok Sabha by the Finance Minister Nirmala Sitharaman.
PSU banks to benefit from treasury gains on lower fiscal deficit
New Delhi, Feb 1 - A lower fiscal deficit versus estimated is likely to raise government bond prices and a treasury gain is very likely for the public sector banks, LKP Securities said in a report on sectoral impact of Interim Budget 2024.
Interim Budget proposes significant cut in Civil Aviation allocations for 2024-25
New Delhi, Feb 1 - The interim budget for the fiscal year 2024-25 has suggested a substantial reduction in budgetary allocations for the Ministry of Civil Aviation.
Interim Budget to have significant positive impact in NE region: FICCI, NE Council
Guwahati, Feb 1 - The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being.
Top realtors hail Interim Budget as ‘inclusive growth oriented & visionary’
Mumbai, Feb 1 - Top realty developers and builders here on Thursday have lauded the Interim Budget 2024-2025 as 'visionary' and 'inclusive growth oriented' with sustainable development intended to transform India.
Paytm merchants not impacted by RBI directive; here’s what merchants need to know
New Delhi, Feb 1 - Paytm merchants need not worry following Reserve Bank of India's (RBI) direction to its associate bank as Paytm Soundbox, QR, EDC machines will keep working as usual, and merchants will still be able to accept payments.
97.5% of Rs 2,000 banknotes returned: RBI
Mumbai, Feb 1 - The total value of Rs 2,000 banknotes in circulation, has declined to Rs 8,897 crore at the close of business on January 31, 2024.
Total outlay in Interim Budget hiked by Rs 2.76 lakh crore
New Delhi, Feb 1 - The Interim Budget 2024 presented by Finance Minister Nirmala Sitharaman provides for a total expenditure estimated at Rs 47.66 lakh crore which is an increase of Rs 2.76 lakh crore compared to the revised estimate of the 2023-24
Sensex zooms 1200 points, Nifty crosses 22k after Interim Budget
New Delhi, Feb 2 - BSE Sensex has now zoomed more than 1200 points on Friday as markets absorb the Interim Budget 2024-25.