RBI issues draft guidelines on digital lending to give borrowers a better deal
Mumbai, April 26 - The RBI on Friday released draft guidelines on digital lending to ensure transparency in the aggregation of loan products from multiple lenders by lending service providers (LSP) so that borrowers get prior knowledge about all credit offers that are
NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent
New Delhi, April 26 - The NDTV Group on Friday announced 59 per cent revenue growth in the fourth quarter (Q4) of the last financial year (FY24), compared to the same period last year.
India’s forex reserves dip by $2.83 billion to $640.3 billion
Mumbai, April 26 - India's forex reserves contracted by $2.83 billion to $640.33 billion as of April 19, the latest data released by the RBI on Friday showed.
RBI issues FAQs on default loss guarantee in digital lending
Mumbai, April 26 - The Reserve Bank of India (RBI) on Friday issued frequently asked questions (FAQs) to provide more clarity on its guidelines for default loss guarantee (DLG) in digital lending, which were first issued in June 2023.
Myntra India’s Trend Index report captures nation’s tryst with latest fashions
Bengaluru, April 26 - Myntra, India's favourite fashion, beauty, and lifestyle destination, on Friday launched the very first edition of the ‘Myntra Trend Index’, a report summarising some of the most outstanding fashion trends observed in the country, as exhibited by Myntra’s base
Maruti Suzuki posts 48 pc jump in Q4 net profit
New Delhi, April 26 - The country’s leading carmaker Maruti Suzuki India Ltd on Friday reported a 48 per cent jump in net profit to Rs 3,878 crore for the January-March quarter of 2023-24 compared to the same quarter of 2022-23.
Govt working on setting up Maritime Development Fund akin to Power Finance Corp, REC
New Delhi, April 26 - Ministry of Ports, Shipping and Waterways (MoPSW) is actively working on establishing a dedicated Maritime Development Fund akin to established sectoral financial institutions such as Power Finance Corporation, REC and IRFC, a senior ministry official has confirmed.
O.P. Jindal Global University VC C. Raj Kumar addresses Japanese parliament
Tokyo, 26 April - At the invitation of the Japanese Parliamentary Committee of the World Federation, the founding Vice Chancellor of O. P. Jindal Global University (JGU), Professor (Dr) C. Raj Kumar addressed a caucus of over 20 distinguished Members of the Japanese
Global connected car sales to exceed 500 million in 2030, India to be among top nations
New Delhi, April 26 - Global connected car sales are likely to exceed 500 million in the 2024-2030 period, and about nine out of 10 such vehicles sold in 2030 will have embedded 5G capability, a report showed on Friday.
Won’t divest stake in TikTok: Chinese parent ByteDance tells US
New Delhi, April 26 - China-based internet giant ByteDance on Friday said it will not sell its stake in TikTok as directed by the US government in a new bill passed by President Joe Biden earlier this week to ban the short-video making
Sensex extends losses to more than 500 points
New Delhi, April 26 - BSE Sensex extended losses to more than 500 points on Friday amid selling in financials.
Kia’s net profit up 32.5 pc in Q1; India sales drop due to aging models, geopolitical factors
Seoul, April 26 - Automaker Kia said on Friday that its first-quarter net profit rose 32.5 per cent (year-on-year), backed by increased sales of SUVs, minivans and hybrid models.
Indian startups file 83,000 patents in FY23; AI, neurotechnology lead
New Delhi, April 26 - Led by artificial intelligence (AI), Internet of Things (IoT) and neuro-technology, India witnessed 83,000 patents being filed by deep-tech startups in FY2023, marking an annual growth rate of 24.6 per cent which is highest since the last two
DoT warns people against scammers posing as MS Dhoni
New Delhi, April 26 - Amid the ongoing cricket fever in the country, scamsters have been posing as Mahendra Singh Dhoni to con people on social media, the Department of Telecom (DoT) said on Friday, warning people against falling into the trap.
Tech Mahindra shares jump more than 8 per cent on turnaround strategy
New Delhi, April 26 - Heavyweight IT stock Tech Mahindra jumped more than 8 per cent on Friday on its new growth strategy.
Bajaj Finance, Bajaj Finserv drag Sensex lower
New Delhi, April 26 - BSE Sensex was down by more than 100 points on Friday, amid selling in heavyweights.
Blinkit now more valuable that Zomato’s core food business: Report
New Delhi, April 26 - Zomato’s quick delivery service, Blinkit, has become more valuable than its core food delivery business, according to a new Goldman Sachs report.
US awards $13.6 billion to Micron which has a chip plant in progress in India
Washington, April 26 - The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster domestic semiconductor
Snapchat reaches 422 million daily active users globally
New Delhi, April 26 - Social media platform Snapchat reached 422 million daily active users in the first quarter (Q1) this year, an increase of 39 million or 10 per cent (year-on-year).
Microsoft posts $21.9 billion in net income, bets big on AI
New Delhi, April 26 - Microsoft has posted a revenue of $61.9 billion in its third quarter (Q3) — up 17 per cent — with $21.9 billion in net income which increased 20 per cent.