Pune GST Intelligence busts multi-state fake input tax credit scam worth Rs 145 crore
Pune, May 14 - In a major breakthrough, the Pune zonal unit of the Directorate General of GST Intelligence (DGGI) has busted a multi-state fake input tax credit (ITC) racket worth over Rs 145 crore and arrested one person from Rajasthan, official sources
Colgate-Palmolive Q4 net profit jumps 20 pc to Rs 380 crore
Mumbai May 14 - Colgate-Palmolive reported a 20 per cent jump in consolidated net profit at Rs 379.82 crore for the Jan-March quarter of 2023-24 compared to the same period last year.
More Indians investing in stocks, household savings need to be protected: FM Sitharaman
Mumbai, May 14 - Union Finance Minister Nirmala Sitharaman said on Tuesday that more and more Indians are now investing in stock markets and their household savings must be protected with robust guardrails.
Apollo Tyres Q4 net profit dips 14 pc
New Delhi, May 14 - Apollo Tyres on Tuesday reported a 13.7 per cent decline in net profit at Rs 354 crore for the Jan-March quarter of 2023-24 compared with the corresponding figure of Rs 410.30 crore for the same period of the
Qualcomm unveils powerful Snapdragon chip with GenAI support in India
New Delhi, May 14 - Global chip-maker Qualcomm on Tuesday unveiled the Snapdragon 8s Gen 3 Mobile Platform in India that includes support for on-device generative AI features.
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
New Delhi, May 14 - E-commerce giant Amazon has pumped Rs 1,600 crore into its India arm, Amazon Seller Services, a regulatory filing by the company has shown.
Siemens board approves demerger of energy business into separate listed entity
Mumbai, May 14 - The Board of Directors of Siemens Limited, the Indian subsidiary of German technology giant Siemens AG, on Tuesday approved the proposal to demerge its energy business into a separate legal entity – Siemens Energy India Limited.
Airtel registers 31 pc decline in Q4 net profit
New Delhi, May 14 - Telecom major Bharti Airtel on Tuesday reported a 31 per cent decline in its consolidated net profit at Rs 2,072 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 3,006 crore in the
Political stability first criteria for robust markets and PM Modi guarantees that: FM Sitharaman
Mumbai, May 14 - Financial markets play a crucial role in capital mobilisation and allocation, and the stability of government is the first criterion for the Indian stock indices to make a difference to the growing economy, Finance Minister Nirmala Sitharaman said here
Adobe to offer Experience Platform-based applications via data centre in India
New Delhi, May 14 - Keeping with India's data localisation norms, software major Adobe on Tuesday said that its Experience Platform-based applications will be available for enterprise customers via an India data centre later in the year.
Sensex up 328 points, metal and energy stocks lead the rally
Mumbai, May 14 - Indian stock indices gained on Tuesday amid mixed global cues. This is the 3rd consecutive session marked closed in green.
68 pc Indian firms rely on tech to drive sustainability success: Report
New Delhi, May 14 - About 68 per cent of organisations in India rely on technology to drive sustainability success, fueled by customer demand, a new report said on Tuesday.
Indian general insurers log premium income of Rs 29,678.99 crore in April
Chennai, May 14 - The 32-member non-life insurance industry closed the first month of FY25 with a gross premium of Rs 29,678.99 crore and logged 15.86 per cent growth, said General Insurance Council of India.
Talent growth, investments to help India’s AI market reach $5.1 billion by 2027
New Delhi, May 14 - Fueled by talent growth and continued investment, the Artificial intelligence (AI) market in India is forecast to grow at 31.5 per cent CAGR (compound annual growth rate) to reach $5.1 billion by 2027, a new report showed on
Wholesale Price Index inflation remains benign: Industry
New Delhi, May 14 - The Wholesale Price Index (WPI), which edged up to 1.26 per cent in April, remains benign and inflation in the food articles is expected to rationalise by September-October, industry bodies said on Tuesday.
WPI inflation edges up to 1.26 pc in April
New Delhi, May 14 - The country’s inflation rate based on the Wholesale Price Index (WPI) edged up to 1.26 per cent in April, compared to the same month last year, data released by the Commerce and Industry Ministry on Tuesday showed.
Liquor sales in Kerala for FY 23-24 cross Rs 19,088 crore
Thiruvananthapuram, May 14 - Sales of liquor and beer in Kerala during FY 2023-24 have touched Rs 19,088.68 crore, up from Rs 18,510.98 crore in FY 2022-23.
Zomato stock slumps after ESOP announcement
Mumbai, May 14 - Online food delivery company Zomato's shares extended its morning session loss on Tuesday up to 5-6 percent, as the company is expecting an increase in cost due to the employee stock ownership plan (ESOP).
Uber to acquire Delivery Hero’s foodpanda business in Taiwan for $950 mn
San Francisco, May 14 - Uber Technologies will acquire Delivery Hero's owned foodpanda business in Taiwan for $950 million in cash, as the online food ordering company focuses on other markets.
Ola CEO’s brother Ankush Aggarwal returns to company’s ride-hailing business
New Delhi, May 14 - Ola founder Bhavish Aggarwal's brother Ankush Aggarwal has returned to the ride-hailing business after working with Ola Electric.