RBI sees CPI inflation easing to 4.5 pc in 2024-25
Mumbai, May 30 - The RBI has projected the country’s inflation rate, based on the Consumer Price Index (CPI), at 4.5 per cent for 2024-25 in the backdrop of an above-average monsoon expected this year and easing of supply chain pressures.
Pine Labs partners Google India to enable Gift Cards integration with ‘Wallet’ app
New Delhi, May 30 - Fintech company Pine Labs on Thursday announced it partnered with Google India to enable Gift Cards integration with the tech giant's 'Wallet' app.
OYO clocks 1st-ever profit in FY24 at Rs 100 crore, says CEO Ritesh Agarwal
New Delhi, May 30 - Ritesh Agarwal, Founder and CEO of global hospitality chain OYO Rooms, on Thursday said the company registered its first profitable financial year in 2023-24, with net profit at Rs 100 crore.
Hero Fincorp approves Rs 4,000 crore IPO
Mumbai, May 30 - India's largest two-wheeler manufacturing company Hero Motocorp's financial arm Hero Fincorp approved a Rs 4,000 crore Initial Public Offering (IPO) of equity shares with a face value of Rs 10 each.
RBI sees India as an emerging global hub for chips, electronics manufacturing
Mumbai, May 30 - India’s emerging sectors like renewable energy and semiconductors are expected to make rapid advances on the back of the recent initiatives by the government, according to the RBI’s annual report released on Thursday.
India set to woo more global players to establish GCCs over next 3-5 years: Nasscom
Bengaluru, May 30 - Access to digitally-skilled talent, the drive to adopt new technologies and the imperative to make greater customer impact are driving the growth of the Global Capability Centre (GCC) ecosystem in the country, a Nasscom report said on Thursday.
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
New Delhi, May 30 - India Ratings and Research (Ind-Ra) on Thursday upgraded Adani Green Energy Limited’s (AGEL) long-term issuer rating to 'IND AA-’ from ‘IND A+’, saying the company’s outlook is stable.
Centre urges states to go for reforms in granite & marble mining sector
New Delhi, May 30 - The Centre has urged states to take up reforms for enhancing transparency and efficiency in the minor minerals sector which includes granite and marble, according to a statement issued by the Ministry of Mines on Thursday.
Awfis Space Solutions debuts at 13 per cent over issue price
Mumbai, May 30 - The shares of office space provider company, Awfis Space Solutions, debuted with positive gains on exchanges on Thursday. The company’s shares opened at Rs 435, a 13.58 per cent premium over its issue price of Rs 383 on the
India’s smart TV shipments fell 14 pc in Q1 due to slowdown in demand: Report
New Delhi, May 30 - India’s smart TV shipments dropped by 14 per cent (year-on-year) in the first quarter (Q1) of 2024 due to a slowdown in demand and an inventory build-up at major OEMs (original equipment manufacturers), a new report said on
South Korea, US hold virtual meeting on telemedicine industry
Seoul, May 30 - South Korea held a virtual meeting with the US on Thursday to enhance mutual understanding of their respective telemedicine industries and explore areas of cooperation, officials said.
Sensex falls 314 points amid muted global cues
Mumbai, May 30 - Indian equity indices opened in the red on Thursday following muted global cues.
Samsung’s new chip head vows to regain leadership in global market
Seoul, May 30 - Samsung’s new semiconductor chief pledged on Thursday to restore the company's leadership in the global chip market amid the ongoing transition driven by artificial intelligence (AI).
MediaTek unveils 2 new Dimensity 7300 chips for high-end gaming
New Delhi, May 30 - Chip maker MediaTek on Thursday announced Dimensity 7300 and the Dimensity 7300X, a pair of 4nm chips for high-tech mobile gaming.
Nearly 2,500 leaked Search documents are real, says Google
New Delhi, May 30 - Tech giant Google has admitted that around 2,500 leaked internal documents from its Search feature are authentic.
Smart city technologies expected to become $100 bn industry in 2024: Report
New Delhi, May 29 - Smart city technologies are expected to become a $100 billion industry in 2024 as more and more cities look for innovative solutions for urban challenges, a new report showed on Wednesday.
Sensex falls 667 points on mixed global cues, Nifty drops to 22,704
Mumbai, May 29 - The equity benchmarks in India closed in deep red on Wednesday due to profit booking by investors and mixed global cues – marking a decline for three consecutive days so far this week.
RBI curbs business of 2 Edelweiss Group firms over breach of rules
Mumbai, April 29 - The Reserve Bank of India (RBI) on Wednesday imposed business restrictions with immediate effect on two Edelweiss Group firms -- ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited, citing material supervisory concerns.
Tata Steel Q4 net profit falls 64 per cent, declares dividend of Rs 3.60 per share
New Delhi, May 29 - Tata Steel on Wednesday reported a 64 per cent decline in its consolidated net profit at Rs 611 crore for the January-March quarter of 2023-24 as the company grapples to restructure its loss-making UK business.
India’s cold chain sector turnover expected to scale Rs 5 lakh crore mark by 2030
New Delhi, May 29 - The turnover of India's cold chain sector is expected to scale the Rs 5 lakh crore mark by 2030 or 2032, a senior official of the Commerce and Industry Ministry said on Wednesday.