Nestle India shareholders reject proposal to hike royalty to Swiss parent
Mumbai, May 18 - Nestle India shareholders have rejected a proposal of the company’s board of directors to increase royalty payments to its Swiss parent Nestle S.A., according to a regulatory filing by the company.
Oyo to refile its IPO papers post-refinancing existing loan
New Delhi, May 18 - Hospitality major Oyo will refile its initial public offering (IPO) papers with markets regulator Securities and Exchange Board of India (SEBI) after refinancing its existing $450 million Term Loan B (TLB) at a lower interest rate.
Stock market special session today, Sensex jumps 120 points
Mumbai, May 18 - Indian equity indices opened in green on Saturday, following positive global cues.
AI-driven sustainable development needs tech deployment across economic, social sectors: DoT
New Delhi, May 18 - Sustainable development, driven by Artificial Intelligence (AI) will require technology deployment across economic and social sectors, Dr Neeraj Mittal, Telecommunications Secretary, has said.
Women break through glass ceiling at IndiaSkills 2024
New Delhi, May 17 - The IndiaSkills Competition 2024, which is underway from May 15-19 at Yashobhoomi convention centre in Dwarka has been witnessing increased participation of women in trades that were previously dominated by men.
Govt eyes hydrogen-based process for steel production to cut carbon emissions
New Delhi, May 17 - Secretary, Ministry of Steel, Nagendra Nath Sinha said on Friday that the government is working on introducing a green hydrogen-based process in the steel industry where the iron will be directly reduced with 100 per cent hydrogen, resulting
Delhivery posts Rs 69 crore net loss in Jan-March quarter, CBO Sandeep Barasia quits
New Delhi, May 17 - Integrated supply chain services provider Delhivery on Friday reported a net loss of Rs 69 crore in the January-March quarter, down from Rs 159 crore in the same quarter a year ago.
JSW Steel to buy coking coal mine in Mozambique for $73.75 million
Mumbai, May 17 - JSW Steel on Friday said that its board of directors have approved the acquisition of mining company Minas de Revuboe (MDR) in Mozambique to secure supplies of high-quality coking coal used for steel production.
SRK gets friendship ultimatum from Karan Johar in leaked clip
Mumbai, May 17 - A leaked video of Bollywood filmmaker Karan Johar in conversation with superstar Shah Rukh Khan has surfaced on the Internet, sending the fans into a tizzy on what’s putting pressure on their friendship.
India forex reserves surge by $2.56 bn to $644.15 bn
Mumbai, May 17 - India’s foreign exchange reserves surged by $2.56 billion to $644.15 billion during the week ended May 10, the latest data released by the RBI showed on Friday.
Wipro appoints Sanjeev Jain as COO as Amit Choudhary moves on
New Delhi, May 17 - IT services major Wipro on Friday announced the appointment of Sanjeev Jain as the Chief Operating Officer (COO) with immediate effect.
Gujarat CM discusses future collaborations with German Consul General
Gandhinagar, May 17 - The Consul General of Germany, Achim Fabig, who is based out of Mumbai, was in Gandhinagar on Friday.
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.