LG Electronics reports 11 pc decline in Q1 profit as costs rise
Seoul, April 5 - LG Electronics said on Friday that its operating profit for the first quarter of this year fell more than 10 per cent from a year earlier, due to rising costs and intensifying competition.
Samsung expects $4.9 billion in profit in Q1 as chip demand rebounds
Seoul, April 5 - Samsung Electronics said on Friday that its operating profit for the first quarter is estimated to have shot up more than 10-fold on rebounding demand for memory chips, beating market expectations.
HDFC Bank’s ADR jumps over 6 pc post business performance update
New Delhi, April 4 - HDFC Bank's ADR jumped by more than 6 per cent on Thursday after the private lender announced its business performance for the fourth quarter.
Vistara pilots’ demands reflect broader Tata Group airline challenges, AI pilots unions tell Chairman
New Delhi, April 4 - Air India's two pilots unions, the India Commercial Pilot Association (ICPA) and the Indian Pilots' Guild (IPG), joining the Vistara pilots' protest against the new contract following its decision to merge with Air India, have told Tata Group
Income Tax Dept throws open e-portal for filing ITRs
New Delhi, April 4 - Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards.
Blinkit to sell Sony PlayStation 5 on its platform
New Delhi, April 4 - Zomato-owned quick commerce platform Blinkit on Thursday said that they will be collaborating with Sony to sell PlayStation 5 on its platform.
RBI issues clarification on currency derivatives circular, defers implementation to May 3
Mumbai, April 4 - The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead of April 5 as was announced earlier.
PM Modi’s determination set to bring Tesla to Indian roads soon, company scouting for factory land
New Delhi, April 4 - It was in 2015 when Prime Minister Narendra Modi visited the Tesla facility in Palo Alto, California and Elon Musk took him for a tour of his electric car plant, convincing the PM that electric vehicles are going
Hero MotoCorp gets Income Tax Dept notice to pay up Rs 605 crore
New Delhi, April 4 - Auto giant Hero MotoCorp on Thursday said it has received a notice from the Income Tax Department to pay up Rs 605 crore as tax and interest for six assessment years.
When the going gets tough, Mahindra gets going: Chairman on rising stock
New Delhi, April 4 - Mahindra Group Chairman Anand Mahindra on Thursday hailed teams in his Group companies for charting a new course and getting them back on customary growth trajectory.
Gold to remain in spotlight as many countries go to polls this year
New Delhi, April 4 - From the beginning of 2024, gold has been on a strong footing having risen by 6 per cent as against the broader equity market says Naveen KR, smallcase Manager & Senior Director, Windmill Capital.
Taiwan earthquake won’t impact global electronics supply chain: ICEA
New Delhi, April 4 - A day after a massive earthquake rattled Taiwan, a key supplier of chips and displays to original equipment manufacturers (OEMs), industry leaders said on Thursday there will not be any impact on the global supply chain serving mobile
Vedanta to raise Rs 2,500 crore in non-convertible debentures
New Delhi, April 4 - Vedanta Limited is seeking to raise up to Rs 2,500 crore in non-convertible debentures.
World Bank, S. Korea to boost ties on digital ID systems for developing nations
Seoul, April 4 - South Korea and the World Bank have agreed to enhance partnership on digital identification initiatives to share expertise and technologies related to South Korea's advanced digital ID system with developing nations, the state-run minting agency said on Thursday.
Gold prices soar to new high for seventh day in a row
New Delhi, April 4 - Gold prices, on Thursday, soared to a new lifetime high of Rs 69,908 per 10 gm on India’s Multi Commodity Exchange (MCX) after the price of the precious metal scaled a new all-time high in the international market
Centre Court Capital launches Rs 350 cr gaming, sports tech fund
New Delhi, April 4 - Venture capital (VC) firm Centre Court Capital (CCC) on Thursday launched a Rs 350 crore fund to revolutionise the country's sports and gaming landscape.
Four carmakers to recall over 50,000 vehicles for faulty parts
Seoul, April 4 - Mercedes-Benz Korea, Stellantis Korea and two other carmakers will recall more than 50,000 vehicles due to faulty components, the Transport Ministry here said on Thursday.
S. Korea to spend $527 million to integrate AI in people’s life
Seoul, April 4 - South Korea will funnel 710.2 billion won ($526.9 million) into the government's projects to integrate artificial intelligence (AI) into everyday life, the science ministry said on Thursday.
Power Ministry sets up panel for monitoring thermal power projects
Mumbai, April 3 - The Union Power Ministry has constituted an independent Thermal Project Monitoring Group (TPMG) for the monitoring and execution of thermal power projects that are under implementation.
Vedanta Aluminium to expand, targets production cost of $600-1,000/ton, new name finalised
Chennai, April 3 - The demerger of Anil Agarwal's Vedanta Ltd into six companies has got the green signal from the bourses while discussions with the lenders on the division of the debt with the demerged entities are on.