Finance Ministry hosts workshop on best AI practices for bank chiefs
New Delhi, May 9 - The Finance Ministry on Thursday held a workshop for CEOs and MDs of 12 public sector banks and other financial institutions to provide them with insights into the best practices for AI adoption and risk mitigation in the
BPCL declares 1:1 bonus share issue, Q4 profit declines 30 per cent
New Delhi, May 9 - Bharat Petroleum Corporation Limited (BPCL) on Thursday reported a 30 per cent decline in consolidated net profit of Rs 4,789.57 crore for the January-March quarter financial year 2023-24 compared to the corresponding figure of Rs 6,870.47 crore in
Paytm refutes reports on invoking loan guarantees due to repayment defaults by lending partners
New Delhi, May 9 - Fintech services major Paytm on Thursday refuted media reports claiming about invoking loan guarantees due to repayment defaults by the company's lending partners.
Double-digit growth propels India’s technical textiles industry to world’s 5th rank
New Delhi, May 9 - India's technical textiles market has a huge potential as it is clocking a double-digit growth of 10 per cent and has become the fifth largest in the world, Rachna Shah, Secretary of Ministry of Textiles, said on Thursday.
SBI hiring nearly 12,000 employees for various roles, including IT: Chairman
New Delhi, May 9 - The State Bank of India (SBI) is in the process of hiring nearly 12,000 employees who will be trained for various roles, including IT, its Chairman Dinesh Khara said on Thursday.
Honda opens new R&D facility in India to accelerate electrification
New Delhi, May 9 - Honda R&D (India) Private Limited, a subsidiary of Honda Motor Co, on Thursday, opened its new Solution R&D Center in the country to accelerate electrification.
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.