Sony sends termination letter to Zee to call off merger
New Delhi, Jan 22 - Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. that it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as
Ascent of UP as the face of New India
New Delhi, Jan 21 - Uttar Pradesh appears headed for a tipping point, scripting a success story as it recognizes and reaps the opportunities sweeping New India, working on key enablers to attain a sizable economic order, a report by the Economic Department
Ayodhya can set a template for India’s tourism boost: Report
New Delhi, Jan 21 - The grand opening of Ram temple in Ayodhya on January 22 is a big religious event. It also comes with a large economic impact as India gets a new tourist spot which could attract 50 million plus tourists
Ayodhya scales new economic peaks ahead of Ram Temple Pran Pratishtha
Lucknow, Jan 21 - Even as Ayodhya decks up to witness the historic Pran Pratishtha ceremony of the Ram temple on Monday, the holy town is also witnessing its emergence as an economic powerhouse.
India, Cuba ink MoU on digital public infrastructure
New Delhi, Jan 20 - India and Cuba have signed an MoU for cooperation in the field of sharing successful digital solutions implemented at population scale for digital transformation.
India’s smartphone market sees 2% drop in 2023, shipped 148.6 mn units: Report
New Delhi, Jan 20 - India's smartphone market has maintained stability with 148.6 million shipments overall in 2023, witnessing a minor drop of two per cent, a new report has said.
IREDA net profit surges 67% in Oct-Dec quarter
Mumbai, Jan 20 - Indian Renewable Energy Development Agency Ltd (IREDA) on Saturday reported an of 67.15 per cent year-on-year increase in its net profit at Rs 335.54 crore for the October-December of the current financial year.
Mangaluru airport adjudged ‘best airport’ in under 5 million passenger category
Dakshina Kannada (Karnataka), Jan 20 - Mangaluru International Airport (MIA) has been adjudged the 'best airport' in the under 5 million passenger category at Wings India 2024, Asia’s largest Civil Aviation Exhibition, an official statement said on Saturday.
Amazon removes ‘Shri Ram Mandir Ayodhya Prasad’ sweets after CCPA notice
New Delhi, Jan 20 - After getting a notice from the Central Consumer Protection Authority (CCPA), Amazon has removed sweets sold under the name 'Shri Ram Mandir Ayodhya Prasad'.
IDBI Bank logs higher Q3 PAT at Rs 1,458.18 crore
Chennai, Jan 19 - Mortgage lender IDBI Bank closed the third quarter of FY24 with higher net profit of Rs 1,458.18 crore.
Stock markets to observe trading holiday on Jan 22
Mumbai, Jan 19 - Stock exchanges will observe trading holiday on January 22 in Equity, Equity Derivatives, SLB Segment.
Tata Steel to shut blast furnaces at UK plant; 2,800 jobs likely to go
London, Jan 19 - Tata Steel said on Friday that it will be shutting down the two blast furnaces in its plant in the UK by the end of this year, which would result in the loss of up to 2,800 jobs at
Moody’s expects Fed to cut rates in May as inflation slows
New Delhi, Jan 19 - Moody's expects the inflation rate to return to central bank targets by 2025 and the US Federal Reserve to start cutting rates in May.
Reliance Retail delivers gross revenue of Rs 83,063cr for 3Q FY24
New Delhi, Jan 19 - Reliance Retail delivered gross revenue of Rs 83,063 crore for 3Q FY24, a growth of 22.8 per cent Y-o-Y led by Grocery, Fashion & Lifestyle and Consumer Electronics businesses.
Reliance Industries gross revenue at Rs 2.48 lakh crore in Dec quarter on momentum in consumer businesses
New Delhi, Jan 19 - Reliance Industries Limited (RIL) declared the consolidated results for quarter ended December 31, 2023.
Boeing estimates India will need 2,500 new aircraft by 2042
Hyderabad, Jan 19 - Boeing estimates India will need more than 2,500 new aircraft by 2042 to cater to the needs of its growing civil aviation market.
Money markets to remain shut on Jan 22: RBI
New Delhi, Jan 19 - Reserve Bank of India (RBI) on Friday said that the money markets will remain closed on January 22.
UK retail sales in 2023 lowest since 2018
London, Jan 20 - Retail sales volumes in the UK fell by 2.8 per cent in 2023 compared to a year earlier, marking the lowest level since 2018, the Office for National Statistics (ONS) said in its latest survey.
Japan’s 2023 core inflation hits 41-year high
Tokyo, Jan 19 - Japan's core consumer prices rose 3.1 per cent in 2023 from the previous year, marking the fastest growth in 41 years, the government said in a report on Friday.
PM Modi inaugurates in Bengaluru Boeing’s largest campus outside US
Bengaluru, Jan 19 - Prime Minister Narendra Modi said on Friday that India has been aiming to reduce its offshore dependence on aircraft leasing and financing in the coming years.