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.
Nokia, Indian Institute of Science join hands to push PM Modi’s 6G vision
New Delhi, Feb 23 - In an effort to help realise Prime Minister Narendra Modi's vision for India as a leader in 6G, telecom equipment giant Nokia on Friday announced to partner with the Indian Institute of Science (IISc) to jointly research 6G
Govt amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier
New Delhi, Feb 23 - The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New
Razorpay surpasses $150 bn in TPV, unveils new payment gateway & AI chatbot
Bengaluru, Feb 23 - Fintech major Razorpay on Friday announced it has achieved an annualised total payment volume (TPV) of $150 billion, and unveiled several new features including an AI chatbot.
Vodafone Idea shares jump 11% in anticipation of fundraise
New Delhi, Feb 23 - Vodafone Idea shares jumped more than 11 per cent on Friday after the company announced a board meeting to consider fundraising.
PM Modi to roll out Rs 600cr worth projects in Chhattisgarh to speed up coal evacuation
New Delhi, Feb 23 - In line with India’s commitment to strengthening energy security and furthering sustainable development, Prime Minister Narendra Modi is scheduled to virtually inaugurate three key first mile connectivity projects of South Eastern Coalfields Limited (SECL), a Coal India Subsidiary
Google Pay’s portable speaker SoundPod to be available for small merchants across India
New Delhi, Feb 22 - In a key development, Google Pay on Thursday announced that its portable speaker SoundPod will be available for small merchants across India over the coming months.
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
New Delhi, Feb 22 -The market depth in India has increased considerably over the last few years with the number of stocks with more than $1 billion market cap nearly doubling to 500.