Aditya Birla Fashion proposes to demerge Madura Fashion business into separate listed entity
New Delhi, April 1 - The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate
Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn
New Delhi, April 1 - Audio series platform Pocket FM on Monday announced it has completed its first ESOP (employee stock ownership plan) buyback worth $8.3 million.
boAt launches 1st ‘India-made’ headphones with head-tracking 3D audio, spatial sound
New Delhi, April 1- Homegrown audio and wearable company boAt on Monday launched India’s first headphones with head-tracking 3D audio and spatial sound features.
PM Modi pats RBI, says India must become ‘financially Aatmanirbhar’ in 10 years
Mumbai, April 1 - Over the next 10 years, India must strive to become a ‘financially Aatmanirbhar’ economy and continue to march ahead confidently in the path of progress and development, Prime Minister Narendra Modi said here on Monday.
97.69 pc of Rs 2000 banknotes have been returned: RBI
Mumbai, April 1 - The RBI said in its currency update on Monday that 97.69 per cent of the Rs 2000 banknotes in circulation have now been returned.
SAIL saleable steel output increases to record 18.4 million tonnes in 2023-24
New Delhi, April 1 - Public sector giant Steel Authority of India Limited (SAIL), has recorded a 7 per cent rise in saleable steel output to a record level of 18.4 million tonnes for the financial year ended on March 31, 2024 as
GST revenue jumps 11.5 pc in March to Rs 1.78 lakh crore, yearly collection crosses Rs 20 lakh crore
New Delhi, April 1 - The country’s gross Good and Services Tax (GST) revenue for March 2024 jumped by 11.5 per cent over the same month of the previous year, to touch the second-highest collection ever at Rs 1.78 lakh crore, data released
RBI directs banks to step up hassle-free loans to Self Help Groups
Mumbai, April 1 - The RBI on Monday directed all banks to provide adequate incentives to their branches in financing the Self Help Groups (SHGs) and establish linkages with them, making the procedures simple and easy.
Apple ecosystem employed over 1.5 lakh people directly since PLI in 2021: Union Minister
New Delhi, April 1 - The Apple ecosystem employed over 150,000 people directly since the production-linked incentive (PLI) scheme was approved in 2021, making it the country's largest blue-collar job creator, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday.
Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth
Ahmedabad, April 1 - Adani Ports and Special Economic Zone Ltd (APSEZ) handled record 420 MMT (million metric tonne) cargo in FY24 (including international ports), which is an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo, it
Finance Ministry refutes misinformation on social media over income tax regime
New Delhi, April 1 - The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.
Adani Total Gas kicks off production at Barsana Biogas Plant towards green future
Ahmedabad, March 31 - In a bid to create a sustainable and green future, Adani TotalEnergies Biomass Limited (ATBL), a wholly-owned subsidiary of Adani Total Gas Limited (ATGL), on Sunday said it has commissioned operations at phase 1 of its Barsana Biogas Plant,
Manufacturing sentiment rises on positive chip, cosmetics outlooks in S. Korea
Seoul, March 31 - South Korea's business outlook for the second quarter reached an 11-quarter high thanks to positive outlooks surrounding semiconductors and cosmetic products, a poll showed on Sunday.
Indian Oil ropes in Panasonic for manufacturing cylindrical lithium-ion cells in India
New Delhi, March 31 - Indian Oil Corporation Limited and Japan's Panasonic Energy Co. Ltd., a Panasonic Group company, have signed a binding term sheet to form a JV for manufacturing cylindrical lithium-ion cells in India for two-and three-wheel vehicles and energy storage
Bank of India receives I-T notice for Rs 1127 crore
New Delhi, March 31 - Bank of India has received a demand notice from the Assessment Unit, Income Tax Department, pertaining to AY 2016-17 to the tune of Rs 1,127.72 crore.
Homegrown products built on DPI to propel India towards $5 trillion economy: Experts
New Delhi, March 31 - Homegrown solutions and products built on top of the digital public infrastructure (DPI) by young entrepreneurs will pave the path towards India becoming a $5 trillion economy, industry experts said on Sunday.
Edge data centres in smaller cities a golden opportunity for India
New Delhi, March 31 - With the global data centre industry evolving significantly over time, within the Indian market, two noticeable trends are emerging - an increasing demand for colocation data centres and the emergence of newer edge data centres.
S. Korean govt mulls further cut in EV subsidies
Seoul, March 31 - The government is considering further cutting electric vehicle (EV) subsidies next year to instead use the funds to supplement insufficient charging infrastructure, sources said on Sunday.
Google to suspend political ads in S. Korea ahead of elections
Seoul, March 31 - Google has decided to suspend all politics-related advertisements on its services in South Korea ahead of the general election next month, according to industry sources.
Samsung Chairman Lee mourns death of Hyosung honorary chairman
Seoul, March 30 - Samsung Electronics Chairman Lee Jae-yong on Saturday expressed condolences following the death of Hyosung Group Chairman Emeritus, Cho Suck-rai.