Indian IT sector sees resurgence in contractual hiring, talent demand for AI-driven tech roles
New Delhi, May 9 - The growing talent demand for emerging technologies driven by artificial intelligence (AI) and resurgence in contractual hiring in India have mitigated the recent turbulence in the technology ecosystem, experts said on Thursday, ahead of the National Technology Day
Punjab National Bank clocks 160 pc surge in Q4
New Delhi, May 9 - Punjab National Bank (PNB) on Thursday reported a 160 per cent surge in its net profit to Rs 3,010 crore in the Jan-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 1,159 crore
Sensex crashes 1,062 points, Rs 7 lakh crore investor wealth eroded
Mumbai, May 9 - The Sensex fell by more than 1,000 points, while the Nifty slid below the 22,000 mark on Thursday amid heavy selling pressure and weak Q4 results by top firms.
How India is set to beat China in overall GDP growth sooner than expected
New Delhi, May 9 - A robust gross domestic product (GDP) growth, continuous thrust on manufacturing with global giants (like Apple) strengthening their local supply chains, top American corporate honchos praising the overall development under Prime Minister Narendra Modi, and political stability ensure
Maruti Suzuki launches 4th-gen Swift at starting price of Rs 6.49 lakh
New Delhi, May 9 - Leading carmaker Maruti Suzuki on Thursday launched the 4th generation Epic New Swift at a starting price of Rs 6.49 lakh (ex-showroom) in India.
Stanlow celebrates a century of powering Britain
Stanlow (UK), May 9 - EET Fuels (or “the Company”, formerly Essar Oil UK), which owns and runs the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe, today announces the commemoration of the 100th anniversary of the Stanlow Refinery.
VC firm Venturi Partners invests $27 mn in K12 Techno Services
New Delhi, May 9 - Venture capital firm Venturi Partners on Thursday announced a purchase of a $27 million stake in the education service provider K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited.
HPCL profit dips 25 pc in Q4
Mumbai, May 9 - Hindustan Petroleum Corporation Limited (HPCL) on Thursday reported a nearly 24.9 per cent decline in consolidated net profit at Rs 2,709.31 crore for the Jan-March quarter of 2023-24 from Rs 3,608.32 crore in the same quarter last year as
SBI posts 24 pc jump in Q4 net profit
Mumbai, May 9 - State Bank of India (SBI) on Thursday reported a 24 per cent jump in net profit at Rs 20,698 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 16,695 crore in the same period
Asian Paints posts 1.3 pc rise in Q4 net profit
Mumbai, May 9 - Asian Paints on Thursday reported a consolidated net profit of Rs 1,275.3 crore for the Jan-March quarter of 2023-24, a marginal increase of 1.3 per cent compared to the corresponding figure of Rs 1258.41 crore for the same period
Japan’s real wages down for 24th straight month
Tokyo, May 9 - Japan's average monthly wages in inflation-adjusted terms logged the 24th straight month of decline in March, marking the longest period of continuous wage decline since comparable statistics began in 1991, official data showed on Thursday.
Sensex falls more than 800 points, L&T drags Nifty
Mumbai, May 9 - Sensex and Nifty extended their morning session losses. Till 1:30 PM, the majority of the Indices were red as Sensex was down 802 points or 1.05 per cent at 72,664 points while Nifty was down 261 points or 1.17
BMW 3 Series Gran Limousine M Sport Pro edition launched in India
New Delhi, May 9 - The new BMW 3 Series Gran Limousine M Sport Pro edition was launched in India by the luxury car maker on Thursday.
Air India Express row: 85 flights cancelled as cabin crew members continue strike
New Delhi, May 9 - Over 80 flights were cancelled on Thursday following the mass sick leave taken by the cabin crew members of Air India Express, said an official.
Byju Raveendran tells staff not to sell courses but counsel parents; cuts course prices
New Delhi, May 9 - In a bid to salvage the financial and cultural crisis edtech company Byju’s is currently in, its Founder and CEO Byju Raveendran has asked staff to pull the plug on aggressive selling, while slashing course prices by up
India smartphone market poised for fierce competition in affordable 5G segment
New Delhi, May 9 - With the smartphone market registering 10 per cent (year-on-year) growth in the first quarter (Q1) of 2024 in India and 5G devices capturing 70 per cent share, analysts on Thursday said that the market in this year and
Air India Express strike: Air India to operate on AIX 20 routes
New Delhi, May 9 - The Tata-owned Air India will operate 20 Air India Express (AIX) routes to help the latter amid an ongoing strike by cabin crew members, said an airline official on Thursday.
Termination letters sent to create fear, say protesting Air India Express cabin crew members
New Delhi, May 9 - The issuance of termination letters to several staff members is merely a tactic to instil fear and quell ongoing protests, said a cabin crew member of Air India Express on condition of anonymity, adding that around 20 termination
Building business often difficult, but Indian dream is real: Radhika Gupta
New Delhi, May 9 - Even though building a business is many times difficult in India, the Indian dream is real, said Radhika Gupta, CEO of Edelweiss Asset Management and Shark Tank Judge.
India smartphone market grows 8 pc in Q1, 5G shipments share at highest-ever 71 pc
New Delhi, May 9 - Driven by consumers upgrading to higher-value phones across price tiers, India’s smartphone shipments in the January-March quarter (Q1) grew a record 8 per cent (year-on-year) in terms of volume and 18 per cent in terms of value, a