Sony cuts PlayStation 5 sales forecast to 21 mn units, plans financial unit IPO
New Delhi, Feb 14 - Sony Group on Wednesday said it prepares for the spin-off and listing of the shares of Sony Financial Group in October 2025, as it lowered its revenue forecast after sales of its PlayStation 5 gaming consoles slowed down
Markets recover from day’s low led by buying in bank stocks
Mumbai, Feb 14 - The domestic market staged a recovery from day’s low, buoyed by renewed buying interest in banking stocks on Wednesday, said Vinod Nair, Head of Research at Geojit Financial Services.
Gadkari takes stock of key Rs 3,565 crore highway inter-link project in NCR
New Delhi, Feb 14 - Minister for Road Transport and Highways Nitin Gadkari on Wednesday inspected the Faridabad Bypass Site and the construction of Package 1 & 2 of DND Sohna Highway on National Highway-148 NA including a spur of the Delhi-Mumbai Expressway.
‘Digital India’ future skills summit to unveil 20 strategic collaborations
New Delhi, Feb 14 - The government on Wednesday said it will hold the first-ever ‘Future Skills Summit’ in Guwahati on Thursday where more than 20 strategic collaborations in skilling will be unveiled.
Adani Green Energy links 551 MW solar capacity plant to national grid
Mumbai, Feb 14 - Adani Green Energy Limited (AGEL) has successfully operationalised 551 MW solar capacity plant in Gujarat’s Khavda renewable energy park which has now started supplying power to the national grid.
First gold mine auction in Rajasthan soon
Jaipur, Feb 15 - Rajasthan mining department is all set to create history as it will start a gold mine auction for the first time in the state in the Banswara district’s Bhukia-Jagpura area.
PSU shares shine as benchmark indices erase losses
New Delhi, Feb 14 - PSU stocks posted strong gains on Wednesday as the benchmark indices erased morning losses.
Nxtra by Airtel to procure 140,208 MWh renewable energy to push India’s ‘green’ goal
New Delhi, Feb 14 - Nxtra by Airtel, one of India's leading data centre companies, on Wednesday announced a power-wheeling agreement with Ampln and Amplus Energy to procure an additional 140,208 MWh of renewable energy.
Mobility fintech startup Moove raises $10 mn to expand India footprint
New Delhi, Feb 14 - Global mobility fintech startup Moove on Wednesday said it has raised $10 million in new debt funding from leading venture debt fund Stride Ventures to expand its India footprint.
SpiceJet shares dip amidst financial challenges, but airline asserts strong position
New Delhi, Feb 14 - In the midst of news regarding delays in salary payments, EPFO deposits, and potential job cuts, SpiceJet shares experienced a 4.16 per cent decline on Wednesday. Nonetheless, the budget airline asserted that it is presently in its most
India’s WPI inflation eases to 0.27% in Jan
New Delhi, Feb 14 - India's inflation based on the wholesale price index eased to 0.27 per cent in January compared to 0.73 per cent in December, data released by the Commerce and Industry Ministry on Wednesday showed.
Indian banks face a slowdown in growth and profit margins as deposits lag
New Delhi, Feb 14 - Indian banks face a slowdown in growth and profit margins as deposits lag despite higher interest rates.
Defence deals through govt e-marketplace cross Rs 1 lakh cr mark
New Delhi, Feb 14 - The orders placed by the Ministry of Defence (MoD) through the Government e-Marketplace (GeM) portal has surpassed a whopping Rs 1 lakh crore reflecting the increasing transparency and efficiency in executing defence deals, the Commerce Ministry said on
Jio asks out Airtel users on a Valentine’s date: A playful nudge or a serious challenge?
New Delhi, Feb 14 - Jio continues the tradition of Valentine’s day banter with competition.
Farmers’ protest: Huge security build-up continue on inter-state borders
Chandigarh, Feb 14 - Huge security build-up continued on inter-state borders between Punjab and Haryana on the second day on Wednesday, as assembled protesting farmers are adamant on heading to the national capital to lodge their protest over unfulfilled demands, including legal guarantee
Bullet train to cut 508 km Mumbai-Ahmedabad travel to 2 hours: Minister shares video
New Delhi, Feb 13 - Railway Minister Ashwini Vaishnaw on Tuesday shared a video of the Mumbai-Ahmedabad 'Bullet train' corridor which will cut the travel time on the 508 km route between the two cities to a mere 2 hours.
First repo rate cut by RBI expected only in 3QFY25, say analysts
New Delhi, Feb 13 - India's January CPI inflation moderated to 5.1 per cent, in line with expectations, while core inflation remained subdued at 3.5 per cent.
US inflation touches 3.1% leaving doubts over whether Fed will resort to rate cuts
New York, Feb 14 - Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates.
US stocks tumble on inflation data
New York, Feb 13 - US stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat, but stayed stubborn in January.
Merchants with Paytm QR don’t need to look for alternatives: Here are the facts
New Delhi, Feb 13 - Paytm, the pioneer of QR and mobile payments, on Tuesday announced that its QR codes will continue to function as usual, allowing merchants to accept payments beyond February 29, 2024.