Sensex jumps 267 points, FMCG sector leads rally
Mumbai, May 22 - Indian equity indices were up on Wednesday following a rally in the FMCG Sector.
PLI scheme to help create global companies from India: Dixon Chairman Sunil Vachani
New Delhi, May 22 - The government's production-linked incentive (PLI) scheme will not only help Indian companies boost production but also push the country to emerge as one of the largest hubs for manufacturing not only for the domestic market but globally, Sunil
From zero presence in 2014 to becoming world’s supply chain hub, India an ‘ideal place to do biz’
New Delhi, May 22 - From zero presence in the global supply chain 10 years back, India now has a significant role to play in the supply chain ecosystem across industries, creating huge investment and job opportunities, Union Minister Rajeev Chandrasekhar has said.
Kudos to PM Modi for motivating founders like us to do better: Zomato CEO
New Delhi, May 22 - Zomato Founder and CEO Deepinder Goyal on Wednesday praised Prime Minister Narendra Modi for providing ample opportunities to small-town entrepreneurs like him, as the online food delivery platform, coupled with quick commerce delivery platform Blinkit, scaled new highs
Paytm aims ‘leaner organisation structure’ after Rs 550 crore net loss in Q4
New Delhi, May 22 - In order to achieve significant cost efficiencies through artificial intelligence (AI)-led capabilities, digital payments major Paytm is planning a “leaner organisation structure” and the “pruning of non-core businesses”, indicating there may be job redundancies at the company in
Mahindra launches new variant for ‘XUV700’ starting at Rs 16.89 lakh
New Delhi, May 22 - Leading SUV manufacturer Mahindra & Mahindra on Wednesday launched a new variant for the XUV700 -- AX5 Select (AX5 S), starting at Rs 16.89 lakh (ex-showroom).
RBI approves record dividend of Rs 2.11 lakh crore to Central Government
Mumbai, May 22 - The Board of Directors of the Reserve Bank of India on Wednesday approved the transfer of Rs 2,10,874 crore as surplus to the Central government for the accounting year 2023-24.
India to gain as global oil prices decline despite geopolitical tensions
New Delhi, May 22 - Oil prices declined for a third day in a row in the international market on Wednesday, despite geopolitical tensions, as the US Federal Reserve is not expected to reduce interest rates any time because of the high inflation
With Modi govt’s support, will create lakhs of jobs in next 10 yrs: Ghazal Alagh
New Delhi, May 22 - Mamaearth co-founder Ghazal Alagh on Wednesday said that the company will create lakhs of employment opportunities in the next 10 years with the support of Narendra Modi's government.
SpiceJet to seek refund of Rs 450 cr from Kalanithi Maran after Delhi HC ruling
New Delhi, May 22 - Following the Delhi High Court ruling, SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.
Snapchat strengthens senior leadership team in India
New Delhi, May 22 (IANS) Social media platform Snapchat on Wednesday strengthened its leadership team in India, a country where it has reached over 200 million monthly active users.
Sensex, Nifty trade flats; Midcap index slips over 300 points
Mumbai, May 22 - Indian equity indices opened in the red on Wednesday after early trades.
14 global tech giants adopt pledge on ‘responsible’ development of AI
Seoul, May 22 - A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology
Paytm reports 3 pc decline in Q4 revenue at Rs 2,267 crore
New Delhi, May 22 - Payment and financial services company Paytm on Wednesday reported 3 per cent decline in its revenue for the fourth quarter of FY24 to Rs 2,267 crore.
Telangana to unveil policies for six industrial sectors
Hyderabad, May 21 - The Telangana government will formulate six new policies for industrial development, including one for the MSME sector and one for exports, it was announced on Tuesday.
Air India Express union seeks CLC’s intervention amid operations woes
New Delhi, May 21 - The Air India Express Employees Union (AIXEU) on Tuesday sought the Delhi Chief Labour Commissioner's intervention in the ongoing operations issues in the airline.
Widespread 5G spectrum availability to add $27 billion to India’s GDP: GSMA
New Delhi, May 21 - The widespread availability of spectrum for 5G is likely to contribute about $27 billion to India's gross domestic product (GDP) by 2030, a GSMA report said on Tuesday.
IndiGo flight delayed after crew spots overbooked passenger standing at the back
Mumbai, May 21 - In an unusual turn of events on Tuesday, an IndiGo flight operating from Mumbai to Varanasi was forced to return to the aerobridge at the Chhatrapati Shivaji Maharaj International Airport (CSMIA) after the crew spotted an overbooked passenger in
JK Tyre clocks 56 pc jump in Q4 net profit, declares dividend of Rs 3.50 per share
Mumbai, May 21 - JK Tyre & Industries Ltd on Tuesday reported a 56 per cent jump in its consolidated net profit at Rs 169.33 crore for the January-March quarter of 2023-24
Google’s parent company Alphabet earned over Rs 2.5 lakh per second in Q1
New Delhi, May 21 - After seeing its net profit drop by almost 35 per cent in 2022 due to inflation and advertisers' pullbacks, Google's parent, Alphabet, has been on a trajectory of growth for the past year and a half, earning $3,042