Shares of Adani Group’s listed firms see sharp rally, Adani Enterprises surges 8 pc
New Delhi, May 23 - The Adani Group companies’ stocks saw great momentum on Thursday as the Indian indices went through a sharp rally, with the flagship Adani Enterprises jumping 8 per cent to emerge as the top gainer.
ITC reports full year gross revenue at Rs 69,446 crore in FY 23-24
New Delhi, May 23 - ITC Limited delivered a resilient performance during the year amidst a challenging macroeconomic and operating environment on a high base (FY23 Gross Revenue and EBITDA grew 17.6 per cent and 26.5 per cent respectively).
Kia debuts its new SUV ‘EV3’ globally, offers up to 600 km of range
New Delhi, May 23 - Automaker Kia on Thursday revealed its new all-electric SUV -- EV3, globally, offering a driving range of up to 600 km and 10 to 80 per cent battery charging in 31 minutes.
Toolkit against certain business activities of Adani Group exposed
New Delhi, May 23 - Experts on Thursday exposed a toolkit against certain business activities of the Adani Group, linking a cartel of Communists, Pakistanis, Islamic radicals, billionaire George Soros and the Western deep state.
IMF approves $164.6 mn funding for Rwanda
Kigali (Rwanda), May 23 - The International Monetary Fund (IMF) on Wednesday announced the approval of 164.6 million U.S. dollars in funding for Rwanda to strengthen its economic resilience against future climate shocks.
Mamaearth’s parent firm Honasa logs Rs 30 crore PAT in Jan-March quarter
New Delhi, May 23 - Honasa Consumer Ltd, the parent company of Ghazal Alagh and Varun Alagh-led Mamaearth, on Thursday reported quarterly profit after tax (PAT) at Rs 30 crore for the January-March quarter this year.
IndiGo net profit doubles to Rs 1,895 crore in Jan-March quarter
New Delhi, May 23 - Interglobe Aviation Ltd, the parent company of leading low-cost airline IndiGo, on Thursday, reported a two-fold jump in net profit to Rs 1,894.8 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 919
Over 7 pc Air India Express flights cancelled on Thursday, full restoration likely by weekend
New Delhi, May 23 - Air India Express (AIX) cancelled more than seven per cent of its flights on Thursday due to ongoing operational challenges, sources said.
FT article just noise, says Cantor Fitzgerald; gives Adani Enterprises’ stock target price of Rs 4,338
New Delhi, May 23 - Calling The Financial Times (FT) article “just noise from a long time ago,” US-based global brokerage Cantor Fitzgerald has given Adani Enterprises’ stock a target price of Rs 4,338 apiece, as the company's shares became top gainer on
Market at all-time high as Nifty inches closer to 23,000; Adani Enterprises top gainer
Mumbai, May 23 - Signalling investor confidence in the economic growth, development and investment prospects of India amid political stability, equity benchmarks surged to fresh all-time highs on Thursday, as shares of Adani Group saw a sharp rise with Adani Enterprises becoming the
80 pc of Indian firms planning to invest in GenAI within next 1 to 2 yrs: Report
New Delhi, May 23 - With generative artificial intelligence (GenAI) emerging as a top-of-mind priority for businesses, over 80 per cent of Indian enterprises are planning to invest in GenAI within the next 1–2 years, a new report said on Thursday.
Robust policies spurred tech innovations under PM Modi: Lakshmi Puri
New Delhi, May 23 - Robust government policies have greatly enhanced the entrepreneurial spirit and spurred technological innovations under Prime Minister Narendra Modi’s leadership, Lakshmi Murdeshwar Puri, former Assistant Secretary General of the United Nations, said on Thursday.
Tech Mahindra, Japan’s Fuji TV to co-develop content for global entertainment industry
New Delhi, May 23 - Tech Mahindra on Thursday announced a strategic partnership with Japan's leading broadcaster Fuji TV to co-develop and produce content across genres for the global entertainment industry.
Paytm launches new ad campaign to promote its core payment solutions for consumers, merchants
New Delhi, May 23 - One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, on Thursday launched a new ad campaign to enhance existing user engagement by showcasing the company’s reliable payment products and experience.
85 pc of Indian professionals optimistic about promotions, pay hikes in 2024: Report
New Delhi, May 23 - About 85 per cent of Indian professionals are optimistic about promotions, career changes and salary hikes in 2024, a new report showed on Thursday.
Delhi-NCR leads in decline of unsold housing inventory in last 5 years: Report
Mumbai, May 23 - The unsold home inventory in Delhi-NCR declined by a massive 57 per cent in the last five years, from nearly 2 lakh units in the first quarter of 2018-end to around 86,420 units by Q1 2024, a report showed
Nifty at all-time high, Sensex jumps over 750 points
Mumbai, May 23 - Indian equity indices were in an uptrend on Thursday following strong domestic cues.
NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in 2024-25: ICRA
New Delhi, May 23 - NHAI has a monetisation potential of Rs 53,000 to 60,000 crore from the sale of 33 road assets through the toll-operate-transfer and Infrastructure Investment Trust mode that it has lined up for the financial year 2024-25, according to
Ex-Wipro CEO becomes highest-paid exec in Indian IT industry for FY24, earns over Rs 165 cr
New Delhi, May 23 - Former Wipro Chief Executive Officer (CEO) and Managing Director (MD) Thierry Delaporte has become the highest-paid CEO in the Indian IT industry for FY24 as he earned more than $20 million (or over Rs 165 crore).
Fintech platform ProsParity raises funds from BEENEXT, other investors
New Delhi, May 23 - Fintech platform ProsParity on Thursday said that it raised $2 million in a pre-seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures.