L&T registers 10 per cent rise in Q4 net profit, declares dividend of Rs 28 per share
Mumbai, May 8 - Engineering and construction major Larsen and Toubro (L&T) on Wednesday reported 10 per cent rise in consolidated net profit to Rs 4,396 crore for the January-March quarter of 2023-24.
RBI coming up with new steps to expand UPI outreach
Mumbai, May 8 - RBI Governor Shaktikanta Das on Wednesday held a meeting with major stakeholders in the UPI ecosystem including banks, National Payments Corporation of India (NPCI), third party application providers and technology service providers during which potential strategies for further expanding
Over 1/3rd of Australians facing financial difficulties: Survey
Canberra, May 8 - More than one-third of Australians are finding it difficult to get by on their current incomes, a survey has found.
India’s data centre capacity to double to 2,000 MW by 2026, green energy is the key
Mumbai, May 8 - India's data centre capacity is set to double to reach 2000 MW by 2026, as the country transitions towards a developed market economy amid a rise in 'green energy' solutions, a report showed on Wednesday.
Bharat Forge registers 59 pc surge in Q4 net profit
New Delhi, May 8 - Auto and defence component manufacturer Bharat Forge on Wednesday reported a 59.3 per cent surge in net profit to Rs 389.6 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 244.5 crore in
High possibility of 8 pc GDP growth for India in 2023-24: CEA Nageswaran
New Delhi, May 8 - There is a high possibility of India's economic growth touching 8 per cent in 2023-24, government's Chief Economic Adviser (CEA) V Anantha Nageswaran said on Wednesday.
Centre to hold meeting with states to formulate Mining Index
New Delhi, May 7 - The Ministry of Mines in collaboration with the Indian Institute of Technology – Indian School of Mines (IIT-ISM), Dhanbad will organise a one-day workshop here on Wednesday to discuss the draft framework of the State Mining Index, envisaged
Govt launches Meditech Stackathon to give big push to medical devices manufacturing
New Delhi, May 7 - The government on Tuesday launched the Meditech Stackathon 2024 in collaboration with apex business chamber CII to give a big push to the domestic manufacturing of medical devices and reduce dependence on imports.
Truecaller’s net sales up 8 pc in India with over 234 million daily active users
New Delhi, May 7 - Leading caller identification app Truecaller on Tuesday reported an 8 per cent increase in net sales in India in the first quarter (Q1) of the calendar year, saying that the country accounted for 74.2 per cent of the
Indian airlines poised to capture 50% of country’s global passenger traffic: CRISL
New Delhi, May 6 - The airlines in India are poised to capture 50 per cent share of the country’s international passenger traffic by 2027-28 with a 7 per cent jump in market share from 43 per cent at present, according to a
ICICI Bank now lets NRIs use international numbers for UPI payments in India
New Delhi, May 6 - ICICI Bank on Monday announced that it has enabled NRI (Non-Resident Indian) customers to use their international mobile number to make UPI payments instantly in India.
Apple’s iPhone 15 Pro Max best-selling smartphone in Q1 this year: Report
New Delhi, May 6 - Apple’s iPhone 15 Pro Max was the best-selling smartphone of the first quarter (Q1) of 2024, a new report showed on Monday.
Govt’s electronics component manufacturing PLI to end dependency on foreign suppliers, create jobs
New Delhi, May 6 - As the government begins the exercise to create benchmarks for electronics component manufacturing, industry stakeholders on Monday said the move will contribute significantly to creating an ‘Atmanirbhar Bharat’ and building a robust supply chain to further ramp up
Marico posts 5.3 pc rise in q4 net profit, declares dividend of Rs 6.50 per share
Mumbai, May 6 - Fast moving consumer goods major Marico on Monday reported a 5.3 per cent in consolidated net profit rose to Rs 318 crore for the Jan-March quarter compared to the corresponding figure of Rs 302 crore in the same period
Investment firm KKR to acquire Indian medical devices company Healthium
New Delhi, May 6 - Leading global investment firm KKR on Monday announced the signing of definitive agreements under which funds managed by KKR will acquire Indian medical devices company Healthium Medtech from an affiliate of Funds advised by the global private equity
India, Ghana agree to operationalise UPI link within 6 months
New Delhi, May 6 - India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said on
Siguler Guff invest Rs 240 crore in Hyderabad-based microfinance lender Spandana Sphoorty
Mumbai, May 6 - Private markets investment firm Siguler Guff and Company on Monday announced it has invested Rs 240 crore for an approximate 3.5 per cent ownership stake in Spandana Sphoorty Financial Ltd, a Hyderabad-based microfinance Non-Banking Financial Corporation (NBFC).
Indian economy and equity markets outperformed China over past 3 years
New Delhi, May 6 - China’s equity markets have lagged Indian equity by a long stretch, as per a report by DSP Mutual Fund.
India’s services sector clocks robust growth in April, lifts business confidence to 3-month high
New Delhi, May 6 - India's services sector continued to register robust growth in April on the back of strong domestic and foreign demand, which lifted business confidence to a three-month high, according to an HSBC survey published on Monday.
Why billionaire investor Warren Buffett needs to relook at India under PM Modi
New Delhi, May 6 - Unaware of the possibilities India now provides for global investors and big conglomerates, Warren Buffett, Chairman and CEO of global investment major Berkshire Hathaway, needs to have a fresh look at a country which is set to become