FM Nirmala Sitharaman highlights success of IBC, lashes out at Congress for holding back reform
New Delhi, May 30 - Finance Minister Nirmala Sitharaman on Thursday said that the Insolvency and Bankruptcy Code (IBC) introduced by the Modi government in 2016 has brought a paradigm shift in the debtor-creditor relationship and provides a streamlined, one-stop solution for resolving
Samsung grapples with labour dispute, semiconductor setbacks
Seoul, May 30 - Samsung is grappling with internal and external challenges at a critical time when it should be focusing on enhancing its competitiveness in the key semiconductor business amid a rapidly changing business environment.
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai, May 30 - In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS) to facilitate lodging of complaints with ease and
Sensex sheds 617 points, IT and metal stocks drag
Mumbai, May 30 - Indian equity indices closed in deep red on Thursday due to profit booking before the Lok Sabha election results.
Now withdraw up to Rs 1 lakh daily on Zerodha: CEO
New Delhi, May 30 - Zerodha’s Co-founder and CEO Nithin Kamath on Thursday said that the online brokerage platform will now let you instantly withdraw up to Rs 1 lakh daily between 9 a.m. and 4 p.m., at no additional cost.
Lava launches new 5G smartphone in two storage variants
New Delhi, May 30 - Domestic smartphone brand Lava, on Thursday, launched its new smartphone Yuva 5G in two storage variants.
Kashmir tourist arrivals likely to break all previous records
Srinagar, May 30 -Tourist arrivals in Kashmir are set to break all previous records as more than 1.25 million tourists have already come here to date.
Truecaller crosses 400 million monthly active users
New Delhi, May 30 - Leading caller identification app Truecaller on Thursday announced that it has reached a significant milestone of 400 million users monthly.
Outlook for Indian economy bright, 7 pc growth likely in 2024-25: RBI
Mumbai, May 30 - The outlook for the Indian economy remains bright with the GDP growth likely to be at a robust 7 per cent in 2024-25, the Reserve Bank of India (RBI) said in its annual report released on Thursday.
Industry veteran Sharat Sinha appointed as CEO of Airtel Business
New Delhi, May 30 - Telecom service provider Bharti Airtel, on Thursday, appointed Sharat Sinha as CEO of Airtel Business, with effect from June 3.
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