India’s forex reserves surge by $3.7 bn to touch $641.6 bn mark
Mumbai, May 10 - India's foreign exchange reserves rose by $3.7 billion during the week ended May 3 to touch the $641.59 billion mark, the latest RBI data released on Friday showed.
IISc, Lam Research upskill engineers in semiconductor fabrication tech
New Delhi, May 10 - The Indian Institute of Science (IISc) on Friday announced that it successfully concluded the pilot to upskill engineers in semiconductor fabrication technology, which was announced in partnership with the US-based semiconductor firm Lam Research, during Prime Minister Narendra
Bank of Baroda Q4 net profit rises to 4,886 crore
Mumbai, May 10 - Government-owned Bank of Baroda reported a net profit of Rs 4,886 crore for the January-March quarter of 2023-24, up 2.3 per cent from the corresponding figure of Rs 4,775 crore in the same period a year ago.
Vedanta fully acquires Japanese display glass major AvanStrate
Mumbai, May 10 - Leading natural resources company Vedanta on Friday announced it is fully acquiring AvanStrate, a Japanese manufacturer of high-quality display screens, as it positions itself to establish India’s first integrated fabrication unit for display glass and panels.
Consumer tech company Nothing logs 144 pc growth in Q1
New Delhi, May 10 - London-based consumer tech brand, Nothing, on Friday said it achieved 144 per cent growth (year-on-year) in the first quarter (January-March period) this year.
Wipro appoints Vinay Firake as CEO of APMEA strategic market unit
Bengaluru, May 10 - IT major Wipro on Friday appointed Vinay Firake as the CEO of APMEA (Asia Pacific, India, Middle East and Africa) strategic market unit (SMU), with immediate effect.
Regional airline starts flights bound for Bathinda, Ludhiana
Chandigarh, May 10 - India’s fastest-growing regional airline, flybig, on Friday, announced the expansion of flight frequency among Bathinda, Ghaziabad, and Ludhiana.
Sensex up by 260 points, energy and metal lead rally
Mumbai, May 10 - Indian benchmark indices went up nearly half per cent on Friday, following a rally in energy and metal shares. The relief rally came after the Sensex plunged more than 1,000 points on Thursday.
Tata Motors posts 222 pc jump in Q4 net profit at Rs 17,410 crore
Mumbai, May 10 - Auto giant Tata Motors on Friday reported a 222 per cent jump in its consolidated net profit at Rs 17,407.18 crore for the Jan-March quarter of 2023-24 on the back of robust sales at UK subsidiary Jaguar Land Rover.
Thomas Cook India launches ‘TCPay’ for international money transfers
New Delhi, May 10 - Omnichannel forex services company Thomas Cook India on Friday launched a new digital service called 'TCPay' to bring ease and efficiency to international money transfers.
Indian IT companies become more conservative in FY25 growth projections
New Delhi, May 10 - As the IT sector goes through muted revenue growth, companies have become more conservative in their FY25 projections, baking in anticipated delays in executions and project closure activities, market analysts said on Friday.
SEBI’s move to simplify operations of stock brokers: Zerodha’s Nithin Kamath
New Delhi, May 10 - Zerodha’s Co-founder and CEO Nithin Kamath on Friday said that the proposal by the Securities and Exchange Board of India (SEBI) that investors' securities should directly go to their demat accounts, will significantly simplify the DP (depository participant)
Tesla to invest over $500 mn on Supercharger network expansion
New Delhi, May 10 - Tesla CEO Elon Musk on Friday said that the company will be investing more than $500 million in its Supercharger network to create thousands of new chargers in 2024.
Cipla Q4 net profit surges by 79 pc, declares dividend of Rs 13 per share
Mumbai, May 10 - Pharma major Cipla on Friday reported a 78.5 per cent surge in net profit to Rs 939 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 525 crore for the same period last year.
Netweb opens high-end computing system manufacturing facility in India, to create hundreds of jobs
New Delhi, May 10 - In line with the government's 'Make in India' initiative, technology solutions provider Netweb Technologies on Friday inaugurated a high-end computing servers, storage and switch manufacturing facility in the country.
South Korean ministry voices regret on Japan’s ‘pressure’ over Line messenger
Seoul, May 10 - The science ministry on Friday expressed regret over the Japanese government's "pressure" over the Line messenger app, saying that Seoul would "strongly and sternly" take measures against Tokyo's move against the popular app developed by Naver, South Korea's biggest
Indians buying luxury homes more than ever, affordable housing sees 20 pc dip: Report
New Delhi, May 10 - Luxury and premium home sales surged in India in the last five years -- from 7 per cent sales in Q1 2019 to 21 per cent in Q1 2024 -- while affordable housing saw a 20 per cent
How 10-minute delivery platforms struck a chord with young Indian consumers
New Delhi, May 10 - As quick commerce (QC) companies strike a chord with consumers in the country, particularly the urban digital natives, such platforms have found good product market fit in metros and large cities and are now gradually expanding their presence
Homegrown GenAI platform Hanooman now live in 98 languages
New Delhi, May 10 - Abu Dhabi-based AI investment firm 3AI Holding Limited and SML India on Friday launched the generative artificial intelligence (GenAI) platform Hanooman in 98 global languages, including 12 Indian languages.
Audi launches two new cars under its Bold Edition in India
New Delhi, May 10 - German luxury car manufacturer Audi on Friday launched two new cars under its Bold Edition -- Q3 and Q3 Sportback, in India.