NDA rule has shown superior numbers on GDP growth, inflation, unemployment compared to UPA
New Delhi, April 25 - The NDA rule of the last 10 years has shown superior numbers on GDP growth, inflation, CAD (Current Account Deficits), unemployment and FDI ex of pandemic year compared to the UPA regime, broking firm Prabhudas Lilladher said.
Indian rupee to appreciate to Rs 82–82.50 in FY25: CARE Ratings
Chennai, April 25 - The Indian rupee is expected to appreciate to about Rs 82–82.50 in FY25 while in the near term, it will trade between Rs 83-83.50 against the US dollar, a top economist with CARE Ratings said.
Adani Group’s ACC Limited logs highest-ever annualised PAT at Rs 2,337 crore in FY24
Ahmedabad, April 25 - ACC Limited, a subsidiary of Ambuja Cements, on Thursday announced lifetime high annualised profit after tax (PAT) at Rs 2,337 crore in FY24, up a staggering 378 per cent (year-on-year).
BMW’s another all-electric car launched in India
New Delhi, April 25 - Luxury car maker BMW on Thursday launched another all-electric car, BMW i5 M60 xDrive, in India at an ex-showroom price of Rs 1,19,50,000.
ICEA shares blueprint for India to become a global leader in chip value chain
New Delhi, April 25 - As India embarks on its ambitious semiconductor journey, providing strategic support for chip design firms, bridging the skill gap, enhancing funding mechanisms, leveraging global opportunities and investing in refurbished fabrication units will catapult the country to the forefront
Dell launches new Alienware gaming laptop in India
New Delhi, April 25 - Dell Technologies on Thursday launched a new gaming laptop -- Alienware x16 R2, in India, powered by the latest Intel Core Ultra processor.
India highlights PM-KUSUM solar scheme for farmers at World Energy Congress
Rotterdam, April 25 - India's Power Secretary Pankaj Agarwal highlighted the steps that the Narendra Modi government was taking to promote solar power in the country to help convergence towards the COP28 renewable energy and energy efficiency commitments at the ongoing 26th edition
Swiggy gets shareholders’ nod for $1.2 billion IPO this year
New Delhi, April 25 - Online food delivery platform Swiggy is planning to file for an initial public offering (IPO) worth $1.2 billion this year after receiving an approval from its shareholders.
Hyundai Motor’s Q1 net profit down as sales drop over plant suspension
Seoul, April 25 - Hyundai Motor said on Thursday that its first-quarter net profit slipped 1.3 per cent (year-on-year) amid a slowdown in sales due to a temporary shutdown of one of its Korean manufacturing plants.
Audi hikes prices by up to 2 pc across its model range in India
New Delhi, April 25 - German luxury car manufacturer Audi on Thursday announced a price hike of up to two per cent across its model range in India owing to rising input and transportation costs.
Kotak Bank goes into damage-control mode after RBI ban
Mumbai, April 25 - The top management of Kotak Mahindra Bank has gone into damage-control mode after RBI barred the lender on Wednesday from taking new customers online and issuing fresh credit cards with immediate effect.
Will make India our global export hub: Hyundai Motor chief
New Delhi/Seoul, April 25 - The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on Thursday.
RBI crackdown triggers crash in Kotak Bank shares
Mumbai, April 25 - Shares of Kotak Mahindra Bank crashed by as much as 12 per cent in morning trade on Thursday to Rs 1,620 on BSE as investors dumped the stock following the RBI crackdown on the lender.
Happiest Minds acquires Noida-based PureSoftware Technologies for Rs 779 crore
New Delhi, April 25 - IT company Happiest Minds Technologies, on Thursday, said it has acquired Noida-based PureSoftware Technologies for $94.5 million (Rs 779 crore).
Kotak Bank promoter donated electoral bonds worth Rs 60 cr, but RBI cracks down on lender to protect customers
New Delhi, April 24 - Infina Finance, one of the promoter group entities of Kotak Mahindra Bank which was barred by the RBI on Wednesday from onboarding new customers, had donated electoral bonds worth Rs 60 crore to the BJP.
Nvidia acquires GPU software provider Run:ai likely for $700 million
New Delhi, April 24 - Graphics chip giant Nvidia on Wednesday said it has acquired Run:ai, a Tel Aviv-based workload management and orchestration software provider.
SEBI probes 2 funds for shorting Adani stocks before Hindenburg
New Delhi, April 24 - Adani Group stocks remained steady on Wednesday after the Securities and Exchange Board of India (SEBI) initiated a probe against two foreign portfolio investors, including one accused of allegedly shorting stocks in Adani Group companies prior to a
Financial services platform Northern Arc secures $80 mn funding from IFC
New Delhi, April 24 - Financial services platform Northern Arc on Wednesday said that it secured $80 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group.
7 per cent job surge for fresh graduates in India’s manufacturing sector: Report
New Delhi, April 24 - India's manufacturing industry's intent to hire fresh graduates has jumped to 48 per cent in the first half (January-June) of 2024, an increase of seven per cent from 41 per cent in July-December 2023, a new report showed
Axis Bank clocks net profit of Rs 7,130 crore for Jan-March quarter
Mumbai, April 24 - Axis Bank on Wednesday reported a net profit of Rs 7,130 crore for the January-March quarter of 2023-24 compared to a loss of Rs 5,762 crore in the same quarter last year after it acquired Citi Bank's consumer business