Crypto mogul Do Kwon liable in US civil fraud trial, finds jury
Washington, April 6 - A jury in New York found crypto mogul Do Kwon and his company, Terraform Labs, liable on civil fraud charges, news outlets reported, as he is in Montenegro pending a process to determine whether he should be extradited to
Nestle India board approves hike in royalty payment to parent company
New Delhi, April 5 - The Nestle India Board of Directors has approved a staggered hike of 0.15 per cent per annum in royalty payment to its parent company.
India’s hydropower capacity poised to post 50% jump by 2031-32
New Delhi, April 15 - Hydroelectric power projects with an aggregate capacity of 15 GW are under construction in the country, which will increase the hydro capacity by more than 50 per cent from 42 GW to 67 GW by 2031-32, the Ministry
India’s forex reserves surge to lifetime high of $645.58 bn
Mumbai, April 5 - India's foreign exchange reserves rose for a sixth consecutive week to hit a historic high of $645.58 billion for the week ended March 29, according to RBI data released on Friday.
India okays export of essential goods to help Maldives despite soured ties
New Delhi, April 5 - India on Friday allowed limited exports of essential goods including sugar, wheat, rice, onions and eggs to the Maldives as a goodwill gesture amid soured ties with the neighbouring country which has suddenly shown a marked tilt towards
Australian envoy to India discusses future collaborations with Gautam Adani
New Delhi, April 5 - Australia's High Commissioner to India, Philip Green, on Friday said he met Adani Group's Founder and Chairman, Gautam Adani, and had a detailed discussion that not only focused on existing investments but also future collaborations in various fields
Tesla to showcase a ‘robotaxi’ on August 8: Elon Musk
San Francisco, April 6 - Elon Musk on Saturday said that his electric car company Tesla will unveil its robotaxi on August 8.
Economists unsure when RBI will cut repo rate
Chennai, April 5 - With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) deciding to retain the repo rate at 6.5 per cent, economists are not sure when the central bank would cut the rate.
EV sales in India to grow 66 pc this year riding on consumer interest, govt initiatives
New Delhi, April 5 - Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday.
Homegrown electronics maker MIVI invests Rs 200 cr in local manufacturing
New Delhi, April 5 - Homegrown manufacturer of audio electronics, MIVI, on Friday said that it invested Rs 200 crore in local manufacturing, as the company laid the foundation stone for its new state-of-the-art factory in Hyderabad.
India’s private space sector soared in last decade
New Delhi, April 5 - In 2012, India had just one registered startup in the space sector -- Dhruva Space from Hyderabad. The country now has close to 200 space startups.
Nifty gains for third consecutive week
Mumbai, April 5 - On the weekly charts, Nifty rose 0.84 per cent, up for the third consecutive week, said Deepak Jasani, Head of Retail Research, HDFC Securities.
Nifty closes flat after RBI keeps repo rate unchanged
Mumbai, April 5 - The Nifty recovered from intraday lower levels to close flat on Friday after the RBI kept the repo rate unchanged at 6.5 per cent for the seventh consecutive time, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal
RBI chief says banks, NBFCs in robust health but must stay alert
Mumbai, April 5 - RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to be healthy, and financial indicators of non-banking financial
DCM Limited to file appeal against Income Tax assessment order on alleged bogus purchases
New Delhi, April 5 - The Income Tax Department has passed an assessment order dated March 30, that the erstwhile Textile Business Undertaking (referred to as Demerged Undertaking) of DCM Limited, which was demerged into DCM Nouvelle Limited under a scheme of arrangement,
RBI sees price of India’s crude oil imports at $85 a barrel in 2024-25
Mumbai, April 5 - The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going ahead amid geopolitical tensions which have “imparted significant uncertainty” to the outlook.
NetApp empowers women-led deep tech startups in India
Bengaluru, April 5 - Three out of the five data-driven deep tech startups, graduated from the 12th cohort of accelerator programme 'NetApp Excellerator' are led by women founders, the data infrastructure company said on Friday.
Automaker Kia to invest $28 billion in future mobility solutions
Seoul, April 5 - Kia, South Korea's second-largest carmaker, said on Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles (EVs).
Range-bound rupee most stable among major currencies: RBI Governor
Mumbai, April 5, - The Indian rupee (INR) has remained largely range-bound as compared to both its emerging market peers and a few advanced economies during 2023-24 and was the most stable among major currencies during this period, RBI Governor Shaktikanta Das said
Redington, Zoho join hands to help Indian firms boost digital transformation
New Delhi, April 5 - Technology solutions provider Redington Limited on Friday announced a strategic partnership with tech firm Zoho Corporation, to help businesses in India accelerate their digital transformation.