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.
India clocks record rise in exports, employment at 18-year high in May: PMI data
New Delhi, May 23 - The Indian economy clocked a record rise in exports and the sharpest upturn in employment in nearly 18 years in May, according to HSBC Flash Purchasing Manager's Index (PMI) data released on Thursday.
Sensex jumps 251 points after flat opening
Mumbai, May 23 - Indian equity indices were trading in the green on Thursday after a flat start. At 9:40 a.m., Sensex was up 251 points or 0.34 per cent, at 74,472 points and Nifty was up 76 points or 0.34 per cent,
Chip giant Nvidia to design new AI chips every year: CEO
San Francisco, May 23 - Chip giant Nvidia, which reported more than $14 billion in profit for the quarter ended April 28, will now design new artificial intelligence (AI) chips every year instead of once every two years.
No Indian citizen will be left behind in journey to Viksit Bharat@2047: EAM Jaishankar
New Delhi, May 22 - External Affairs S. Jaishankar said on Wednesday that in the country’s journey to Viksit Bharat @2047, no citizen of India will be left behind.
Delhi HC issues summons to Backgrid USA, Meta in TV Today’s suit over suspension of Instagram page
New Delhi, May 22 - The Delhi High Court on Wednesday issued summons to global celebrity news agency Backgrid USA and Meta Platforms in response to a lawsuit filed by TV Today Network.
Nykaa’s net profit nosedives 48 per cent to Rs 9 crore QoQ
New Delhi, May 22 - Online beauty and fashion marketplace Nykaa on Wednesday posted a net profit of Rs 9 crore in the January-March quarter, down 48 per cent (quarter-on-quarter) from Rs 17.45 crore in the same period last year.