US private sector added 164,000 jobs in Dec 2023 amid slow growth
Washington, Jan 5 - Private companies in the US added 164,000 jobs in December 2023 amid slowing job growth, payroll data company Automatic Data Processing (ADP) said.
Services sector records robust growth in Dec 2023
Mumbai, Jan 5 - India’s services sector posted a robust growth in December 2023 on the back of strong demand and a positive outlook ahead, according to an HSBC survey.
85 IIT-Bombay students get job offers of over Rs 1cr per annum
Mumbai, Jan 4 - At least 85 students of Indian Institute of Bombay (IIT-B) reaped a rich harvest of job offers with more than Rs 1 crore per annum CTC, an official said here on Thursday.
At 6.2% growth rate projection for 2024, Indian economy outperformed peers: UN economist
United Nations, Jan 5 - With a projected growth rate of 6.2 per cent for 2024, the "Indian economy outperformed its peers" in a global economy which is expected to expand by only 2.4 per cent, according to the UN official monitoring the
Cashfree posts Rs 133 cr loss in FY23, logs Rs 614 cr in revenue
New Delhi, Jan 4 - Online payments and banking technology firm Cashfree has reported a Rs 133 crore loss in FY23 from just Rs 3 crore in FY22, owing to a substantial cost increase in employee benefits and payment processing, the media reported
Despite challenges, India saw birth of over 950 tech startups last year: Report
New Delhi, Jan 4 - Despite facing global challenges in 2023 like valuation issues, few IPOs, regulatory changes and macroeconomic and geopolitical trends, India remains the third largest tech start-up ecosystem globally, with over 950 tech startups founded last year, a report showed
Centre signs two deals to buy Rs 800 cr equipment for Army from domestic firms
New Delhi, Jan 4 - The Ministry of Defence signed two contracts on Thursday for procurement of 697 Bogie Open Military (BOM) Wagons at a cost of Rs 473 crore with M/s Jupiter Wagons Limited and the procurement of 56 Mechanical Minefield Marking
Kotak Life Insurance to expand branch network
Chennai, Jan 4 - With the licence to open 30 more branches, private life insurer Kotak Life Insurance Company Ltd, (Kotak Life) will expand its distribution network this year, said a senior official. The company currently has 289 branches.
Indian enterprises to up AI spending by 68% in 2024: Report
New Delhi, Jan 4 - About 68 per cent of IT leaders stated they are gearing up for an increase in Artificial Intelligence (AI) spending over the next 12 months, a new report has revealed.
India leads deal value in healthcare sector in Asia-Pacific in 2023
New Delhi, Jan 4 - India registered the largest share of deal value in the healthcare sector in the Asia-Pacific in 2023, a new report has shown.
ONGC wins 7 of 10 oil exploration blocks put up for bidding
New Delhi, Jan 3 - Public sector giant Oil and Natural Gas Corporation (ONGC) won seven of the 10 oil and gas exploration that were put up for bidding on Wednesday as part of the eighth round of Open Acreage Licensing Policy (OALP-VIII).
India’s GDP to touch $4 tn ahead of LS polls: Piyush Goyal
New Delhi, Dec 3 - India will become a $4 trillion economy before the Lok Sabha elections and in 2 to 2.5 years, it will touch the $5 trillion GDP mark, Commerce and Industry Minister Piyush Goyal said on Wednesday.
Adani Group to set up data centre, aerospace park in Telangana
Hyderabad, Jan 3 - The Adani Group has come forward to invest in Telangana and it is keen to set up a data centre and aerospace park.
Muted business updates from corporates dent market sentiments
Mumbai, Jan 3 - Muted monthly and quarterly business updates from corporates have dented market sentiments generally, Deepak Jasani, Head of Retail Research at HDFC Securities, said on Wednesday.
Nifty declines for second day on profit booking, weak PMI data
Mumbai, Jan 3 - Domestic equities continued to witness profit booking on the back of weak global cues and a fall in India’s PMI manufacturing to an 18-month low at 54.9 for December, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial
As New Year begins, there’s some nervousness in markets
Mumbai, Jan 3 - In some areas, valuations seem stretched, as seen in the surge of micro-cap stocks and the enthusiasm for new issues, including in the SME sector, Jaykrishna Gandhi, Head of Business Development, Institutional Equities at Emkay Global Financial Services, said
Oil Minister rules out cut in fuel prices
New Delhi, Jan 3 - Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Wednesday that there was no proposal to cut petrol and diesel prices at present as there was “high volatility” in global crude oil prices.
Venezuela offers oil to help ONGC Videsh recover $600 mn dues
New Delhi, Jan 3 - Venezuela has agreed to give oil to ONGC Videsh to help the Indian public sector company recover its $600 million dues as dividend for the stake that it holds in an oilfield in the Latin American country, Petroleum
RT India brings its first multi-stage integrated advertising campaign to India, challenging mainstream media narratives about nation
New Delhi, Jan 3 - RT India has launched its first major multi-stage integrated India-wide advertising campaign, challenging geopolitical assumptions and the mainstream media’s narratives on India.
40 companies looking to raise nearly Rs 70,000 cr through IPO let their approval lapse in 2023
New Delhi, Jan 3 - The IPO pipeline for 2024 continues to remain strong. 27 companies proposing to raise Rs 28,500 crore are presently holding SEBI approval while another 36 companies looking to raise about Rs 40,500 crore are awaiting SEBI approval, as