RBI allows Prepaid Payment Instruments across public transport systems
Mumbai, Feb 23 - The Reserve Bank of India (RBI) on Friday issued direction to permit authorised banks and non-banks to issue PPIs for making payments across various public transport systems with immediate effect.
India to power Apple’s growth over the next decade: Industry analysts
New Delhi, Feb 23 - There has been a strong impetus for high-tech electronic manufacturing in India and the country will power tech giant Apple’s growth over the next decade, industry analysts said on Friday.
NTPC’s first solar project begins commercial ops
New Delhi, Feb 23 - The first solar project of NTPC Renewable Energy Ltd. (NTPC-REL) at Chhattargarh in Rajasthan has started commercial operations of 70 MW capacity, according to an official statement issued on Friday.
RBI asks NPCI to ensure seamless migration for UPI users Of Paytm Payments Bank
New Delhi, Feb 23 - The Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the Unified Payments Interface of Paytm Payments Bank Ltd (PPBL) so that '@paytm' handles can
Low turnout at investors’ EGM, any resolution unenforceable, claims Byju’s
New Delhi, Feb 23 - Embattled edtech major Byju’s on Friday claimed that the resolutions passed during the investors' extraordinary general meeting (EGM) are "invalid and ineffective" and the passing of the "unenforceable resolutions" challenges the rule of law "at worst".
Procurement of services via govt e-marketplace soars to Rs 1.82 lakh crore in 2023-24
New Delhi, Feb 23 - The procurement of services through Government e-Marketplace (GeM) has jumped by as much as 176 per cent to Rs 1,82,000 crore during the current financial year as on February 22 from the corresponding of Rs 66,000 crore for
India does not rush into freed trade pacts: Goyal
New Delhi, Feb 23 - Commerce & Industry Minister Piyush Goyal on Friday said that the government does not rush to conclude trade negotiations, but follows a careful and calibrated approach because Free Trade Agreements (FTAs) impact the country for several years.
Stage set for Anant Ambani-Radhika Merchant’s pre-wedding bash in Jamnagar
Jamnagar, Feb 23 - In what is set to be a confluence of culture, tradition and international camaraderie, Anant Ambani, the youngest son of Nita and Mukesh Ambani, and Radhika Merchant, daughter of industrialist Viren Merchant, are gearing up for their pre-wedding festivities
Nifty hits new high before closing at day’s low
Mumbai, Feb 23 - Domestic equities traded lackluster on Friday despite Nifty touching a new high of 22,297 intra-day for the fifth consecutive session, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Global 5G smartphone shipments crosses 2 bn units in Q4 2023: Report
New Delhi, Feb 23 - Global cumulative shipments of 5G smartphones surpassed 2 billion units in the fourth quarter (Q4) of 2023, with Apple and Samsung topping the list, a new report said on Friday.
Orchid Pharma gets USFDA nod, to market its new drug in US soon
Chennai, Feb 23 - Vertically integrated pharma player Orchid Pharma Ltd said on Friday that it will launch its Enmetazobactam drug in the US in the next couple of quarters.
Nifty closes at day’s low on profit booking
Mumbai, Feb 23 - Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking on Friday, said Rupak De, Senior Technical Analyst at LKP Securities.
Apple’s India revenue up 42% to $8.7 bn in 2023: Morgan Stanley
New Delhi, Feb 23 - Apple's revenue in India rose nearly 42 per cent (on-year) last year to $8.7 billion, foreign brokerage Morgan Stanley said in a report on Friday.
Bank deposits losing attractiveness as govt savings schemes see strong growth
New Delhi, Feb 23 - Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness.
India’s GDP to log 6.4% growth in Q3 FY24
Chennai, Feb 23 - Government owned mortgage lender Bank of Baroda (BOB) on Friday predicted India’s gross domestic product (GDP) in Q3 FY24 to grow at 6.4 per cent on the back of subdued growth in industrial and agricultural sectors.
Google’s AI chatbot Gemini violates India’s IT laws: Rajeev Chandrasekhar
\New Delhi, Feb 23 - Union Minister of State for Electronics and Technology Rajeev Chandrasekhar on Friday expressed concern over the potential violation of Indian IT laws by Google's Gemini AI chatbot.
BSE, NSE issues penalty notices to HAL for not having sufficient independent directors
Chennai, Feb 23 - Public sector Hindustan Aeronautics Ltd (HAL) has received penalty notices of Rs 542,800 each from India’s two stock exchanges-BSE and NSE- for not having sufficient number of independent directors on its Board.
Goldman Sachs downgrades key banking stocks, says goldilocks period over
New Delhi, Feb 23 - Marquee global brokerage Goldman Sachs has downgraded key Indian banking stocks and cut earnings estimates across the coverage universe by 5 per cent/2 per cent on average over FY25E/26E.
Key Byju’s investors move NCLT against edtech firm’s rights issue
New Delhi, Feb 23 - Byju’s key investors -- Prosus, General Atlantic, Sofina and Peak XV -- have moved the National Company Law Tribunal (NCLT) against the embattling edtech major over its rights issue, investor sources said on Friday.
Over 100 countries to participate in Bharat Tex 2024 in Delhi
New Delhi, Feb 23 - Bharat Tex 2024, to be inaugurated by Prime Minister Narendra Modi on February 26, is set to be India’s largest global textile event with the participation of buyers from 100 countries and over 100 international speakers.