JSW Steel posts 64 pc decline in Q4 net profit at Rs 1,299 crore
Mumbai, May 17 - Billionaire Sajjan Jindal-led JSW Steel on Friday reported a 64 per cent decline in its consolidated net profit to Rs 1,299 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 3,664 crore in the
Govt-run ONDC facilitates 7.22 mn transactions in April, onboards over 5 lakh sellers
New Delhi, May 17 - The government-run Open Network for Digital Commerce (ONDC) facilitated 7.22 million transactions in April and onboarded over 5 lakh sellers, Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday.
Cloud software major Zoho to pump millions of dollars into chip design in India
New Delhi, May 17 - As India bets big on its semiconductor dream under the vision of Prime Minister Narendra Modi, homegrown IT software major Zoho is apparently planning to invest millions of dollars into a chip design and manufacturing facility in the
Sensex jumps 253 points after robust Q4 earnings
Mumbai, May 17 - India stock indices were up on Friday following robust Q4 earnings from consumer and auto companies.
Economic priorities will have to align with our strategic interests: EAM Jaishankar
New Delhi, May 17 - As India sees robust growth, sweeping reforms, radically improved governance, fiscal discipline, infrastructure progress, rapid digitisation and focus on developing skills, we must recognise that our economic priorities will have to align with our strategic interests, External Affairs
Paytm travel carnival offers deals on domestic flights, discounts on train, bus bookings
New Delhi, May 17 -Financial services company Paytm on Friday launched 'Paytm Travel Carnival', offering exclusive summer deals and discounts on travel bookings, including flights, trains, and buses.
Govt’s ONDC and WinZO partner to boost digital commerce in India
New Delhi, May 17 - The government-run Open Network for Digital Commerce (ONDC) on Friday announced a partnership with online gaming platform WinZO to democratise access to digital commerce and foster transparent and fair market access.
Air India flight dodges tug tractor collision at Pune airport, passengers safe
New Delhi, May 17 - An Air India flight, with 180 passengers onboard for Delhi, narrowly avoided a collision with a tug tractor as it was taxiing towards the runway at Pune Airport, an airline official said on Friday.
PM Modi will be back with ‘good majority’, work on full budget to start soon: FM Sitharaman
New Delhi, May 17 - Finance Minister Nirmala Sitharaman on Friday said the BJP is confident that Prime Minister Narendra Modi would “come back with a good majority” and discussions for the full budget for 2024-25 would start as soon as the new
Not ready to announce anything yet regarding chip fabrication unit: Zoho CEO
New Delhi, May 17 - Cloud software major Zoho's Founder and CEO Sridhar Vembu on Friday said the company is not ready to announce anything yet regarding investments in a semiconductor fabrication unit.
Google Cloud launches AI-driven security operations region to India
Mumbai, May 17 - Aligning with India’s data localisation norms, Google Cloud on Friday announced to bring its AI-powered security operations (SecOps) region to India.
EVs account for 20 pc of car imports in Jan-April period in S. Korea
Seoul, May 17 - Nearly one out of five imported vehicles in South Korea were battery-powered ones in the January-April period despite slowing sales of electric vehicles (EVs) globally, industry data showed on Friday.
OpenAI partners Reddit to train its AI on users’ posts
New Delhi, May 17 - ChatGPT maker OpenAI has inked a deal with Reddit to train its artificial intelligence (AI) models on users’ posts on the popular community discussion platform.
India makes strong pitch for playing pivotal role in global hydrogen economy
Rotterdam, May 16 - India has the capability to become a leading exporter of green hydrogen and is poised to play a pivotal role in the global hydrogen economy, Secretary, Ministry of New & Renewable Energy, Bhupinder Singh Bhalla said at the World
HAL posts 52 pc jump in Q4 net profit at Rs 4,308 crore
New Delhi, May 16 - Government-owned defence major Hindustan Aeronautics Ltd (HAL) on Thursday reported a 52 per cent jump in net profit to Rs 4,308 crore for the January-March quarter of 2023-24.
After CEO, Ola Cabs CFO Karthik Gupta steps down within 7 months
New Delhi, May 16 - Ride-hailing platform Ola Cabs has witnessed another top-level exit as the Chief Financial Officer (CFO) of ANI Technologies (the parent firm) Karthik Gupta has stepped down seven months after taking charge.
India’s steel, aluminium exports to US likely to rise as China faces tariff wall
New Delhi, May 16 - With US President Joe Biden announcing a steep hike in tariffs on $18 billion worth of Chinese goods, an opportunity has opened up for India to increase its exports of items such as steel and aluminium as well
UN raises India’s 2024 growth rate to 6.9 pc; remains world’s fastest-growing large economy
United Nations, May 17 - Indian economy's growth rate projection for this year has been raised by 0.7 per cent to 6.9 per cent from the forecast made in January by the UN and it retains its position as the world's fastest-growing large
India PC market grew 2.6 pc in Q1 with over 3 mn units shipped: Report
New Delhi, May 16 - India's traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in the first quarter (Q1) of 2024, up 2.6 per cent year-over-year, a report said on Thursday.
GAIL net profit jumps 67 per cent in 2023-24
New Delhi, May 16 - Public sector natural gas giant GAIL on Thursday reported a 67 per cent increase in net profit at Rs 8,836 crore for the financial year 2023-24 compared to the corresponding figure of Rs 5,302 crore in 2022-23.