Philippines’ unemployment rate drops to decade low
Manila, Jan 9 - The unemployment rate in the Philippines fell from 4.2 per cent in October 2023 to 3.6 per cent in November, the lowest since April 2005, the Philippine Statistics Authority (PSA) said on Tuesday.
Zee Entertainment says committed to merger with Sony
New Delhi, Jan 9 - Zee Entertainment has reiterated that the Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger.
IndiGo introduces charges for front row aisle or window seat up to Rs 2K
New Delhi, Jan 9 - Days after reducing fuel charges, the IndiGo has increased charges for passengers seeking extra legroom in the front row of its aircraft.
Gaming company Unity lays off 1,800 employees in fresh job cut
San Francisco, Jan 9 - Gaming company Unity has announced to lay off 25 per cent of its workforce, or about 1,800 employees, in fresh job cuts.
Boeing stocks drop sharply after Alaska Airlines incident
London, Jan 8 - Shares of Boeing and one of its key suppliers dropped sharply on Monday as investors grew worried about possible damage to the businesses after a piece of fuselage on a Boeing 737 Max-9 blew off mid-flight, the media reported.
Bajaj Auto buyback at 43% premium to last closing price
New Delhi, Jan 8 - The board of directors of Bajaj Auto has approved a Rs 4,000 crore share buyback at a price of Rs 10,000 a share which is at a huge premium of 43 per cent to the last closing price.
Govt plans to invest Rs 45,000cr to develop river cruise tourism
New Delhi, Jan 8 - The maiden edition of Inland Waterways Development Council (IWDC) chaired by Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal in Kolkata on Monday has committed an investment of Rs 45,000 crore for the development of river cruise
Adani Group to invest Rs 42,768 crore in Tamil Nadu
Chennai, Jan 8 - The multi-business Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities.
Flipkart may reduce workforce by up to 7%, affecting 1,500 employees
New Delhi, Jan 8 - E-commerce major Flipkart is reportedly planning to reduce its workforce by 5-7 per cent in early 2024 that may affect nearly 1,500 employees. The Walmart-owned company currently has around 22,000 employees.
Google announces 2nd cohort of GNI Startups Lab India
New Delhi, Jan 8 - Google on Monday announced the second cohort of the GNI Startups Lab -- a 12-week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability.
India’s farm exports to exceed $53 bn in 2023-24: Piyush Goyal
New Delhi, Jan 8 - India's agricultural exports in 2023-24 will exceed last year’s level of $53 billion despite the restrictions imposed on overseas shipments of some commodities, Commerce and Industry Minister Piyush Goyal said on Monday.
IPO-bound FirstCry’s CEO offloads shares worth Rs 300 cr: Report
New Delhi, Jan 8 - Supam Maheshwari, Co-Founder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company’s initial public offer (IPO).
Adani Electricity notched high-powered show in 2023; energises for 2024
Mumbai, Jan6 - The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday.
Looking Beyond 5G: India takes the leap forward to explore 6G comms
New Delhi, Jan 7 - While India has just achieved the world’s fastest 5G rollout, the country is also playing a key role in the global telecom sector in initiating strides towards creating 6G or sixth generation communication technology as the next big
Reliance Industries to invest in renewable energy, green hydrogen in TN
Chennai, Jan 7 - Reliance Industries Ltd has decided to make new investments in renewable energy and green hydrogen in Tamil Nadu, said its Chairman and Managing Director Mukesh D. Ambani.
‘Mounting national debt at $34 trillion a boiling frog situation for US economy’
New York, Jan 7 - The US government's growing national debt at $34 trillion debt is a "boiling frog" for the US economy, as government expenditure bills will exceed its revenues by the early 2030s, according to a Congressional Budget Office estimate.
SEBI tightens short selling rules
Mumbai, Jan 4 - Institutional investors will have to disclose upfront at the time of placement of an order whether the transaction is a short sale, according to a new circular issued by markets regulator SEBI on Friday.
Govt ups GDP growth forecast to 7.3% for 2023-24
New Delhi, Dec 5 - India's gross domestic product (GDP) is estimated to grow by 7.3 per cent in 2023-24, up from 7.2 per cent in 2022-23, according to the advance estimate released by the Ministry of Statistics on Friday.
Eurozone inflation rebounded in Dec 2023
Brussels, Jan 6 - The eurozone's yearly inflation rate rebounded in December 2023 after a steady decline in recent months, reaching 2.9 per cent compared to 2.4 per cent in November, according to a flash estimate published by Eurostat.
Spirit Aeronautical, Garuda Aerospace ink collaborative agreement
Chennai, Jan 5 - Weaponized drone maker -- rotary and fixed wing drones -- Spirit Aeronautical Systems S.A., of Greece and India’s Garuda Aerospace S.A., makers of drones for civil use have inked an agreement for business collaboration.