Cholamandalam MS General Insurance targets Rs 7,700 crore premium
Chennai, Feb 7 - Murugappa group’s multi-line insurer Cholamandalam MS General Insurance Company Ltd targets to close this fiscal with a gross premium of about Rs 7,700 crore, a top company official said on Wednesday.
India’s solar power potential estimated at 748 GW; Rajasthan tops, J&K 2nd
New Delhi, Feb 7 - India’s total solar energy potential has been estimated at 748 GWp (Giga Watt peak), Union Minister for New & Renewable Energy and Power, R.K. Singh, informed the Parliament on Wednesday.
Power Grid Q3 net profit up 10.5%, declares 2nd dividend
New Delhi, Jan 7 - Power Grid Corporation of India Ltd on Wednesday reported a 10.5 per cent growth in its consolidated net profit at Rs 4,028 crore in the October-December quarter of the current financial year compared with the corresponding figure of
Railway Board approves Rs 244.77cr for wagon workshop in Odisha’s Kantabanji
Bhubaneswar, Feb 8 - The Railway Board has approved Rs 244.77 crore for the establishment of Wagon Periodic Overhauling (PoH) facility at Kantabanji in Balangir district of Odisha.
US companies flashing key sign of economic uncertainty by hoarding cash
New York, Feb 7 - America’s publicly traded companies are flashing a key sign of economic uncertainty -- they’ve been hoarding cash, a media report said.
Monsoon trawl ban not detrimental to prawn resources: CMFRI study
Kochi, Feb 7 - A new study by the ICAR-Central Marine Fisheries Research Institute (CMFRI) has found that the monsoon trawl ban is not detrimental to kiddi prawn resources.
Freshworks reports 20% revenue growth, unleashes latest GenAI across products
San Francisco, Feb 7 - Software major Freshworks has reported 20 per cent growth in its revenue for the fourth quarter of 2023, as it doubles down on using latest generative AI across its products.
India’s smartwatch shipments grow 50% in 2023, Fire-Boltt leads: Report
New Delhi, Feb 7 - India’s smartwatch shipments have witnessed 50 per cent (year-on-year) growth in 2023, with Fire-Boltt leading the market, a new report said on Wednesday.
DBS slashes CEO’s bonus by 30% after disruptions to its digital services
Singapore, Feb 7 - Singapore's biggest bank DBS has slashed its CEO's bonus by 30 per cent after disruptions to its digital services, despite it posting a record profit, a media report said.
India poised to lead global oil demand growth: IEA
New Delhi, Feb 7 - India will become the largest source of growth for global oil demand between now and 2030, while growth in developed economies and China initially slows and then subsequently goes into reverse, according to the latest report of the
Nifty closes flat ahead of RBI policy meeting
Mumbai, Feb 7 - Nifty opened positive on Wednesday but soon lost some sheen to close flat at 21,931 levels. Barring IT, all other sectors ended in green, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services
Nestle net profit up 4% at Rs 656 crore for Oct-Dec
New Delhi, Feb 7 - Nestle India on Wednesday reported a 4.4 per cent rise in net profit at Rs 655.6 crore for the October-December quarter compared to the corresponding figure of Rs 628 crore in the same period of the previous year.
iPhone users targeted by govt hackers with 0-days vulnerabilities: Google
New Delhi, Feb 7 - Google has said that government hackers last year used three undiscovered flaws in Apple's iPhone operating system to target users with spyware created by a European startup.
Wadhwani Foundation launches 3 AI Co-Pilots to boost employability of Indian youth
New Delhi, Feb 7 - Non-profit organisation Wadhwani Foundation on Wednesday launched three new AI Co-Pilots to enhance the employability of Indian youth and young adults.
Bootcamp to be held on Fintech in six UP cities
Lucknow, Feb 7 - The Indian Institute of Management-Lucknow’s Enterprise Incubation Centre (IIML EIC) and Reserve Bank Innovation Hub (RBIH) are organising a UP Fintech Futurepreneurs Bootcamp in six cities beginning February 8.
GM head holds talks with Samsung, LG execs over EV battery, auto parts
Seoul, Feb 7 - The head of the US auto giant General Motors (GM) met with chiefs of Samsung Group affiliates on Wednesday to discuss cooperation in areas involving electric vehicle (EV) batteries and auto electric parts, industry sources said.
Mobile phone manufacturing up 1,700% in last 10 yrs, exports up 5,600%: MoS IT
New Delhi, Feb 7 - The mobile phone manufacturing has increased from an estimated Rs 18,900 crore in 2014-15 to an estimated Rs 3,50,000 crore in 2022-23, making an impressive increase in production by more than 1,700 per cent, the government said on
Not much excitement in markets ahead of RBI policy meet: Report
New Delhi, Feb 7 - Emkay Global Financial Services has said that there is not much excitement in the markets, ahead of the upcoming MPC meet as most are expecting it to be a non-event with traces of dovishness similar to Dec-23.
Microsoft to help India become an AI world leader: Satya Nadella
Mumbai, Feb 7 - As India embarks on its Artificial Intelligence (AI) journey, Microsoft will help the country become self-reliant by fostering a skilled AI workforce and empowering every sector and industry to transform with AI, the company’s Chairman and CEO, Satya Nadella,
Veg thali prices up, non-veg meal costs come down in Jan
Chennai, Feb 7 - At their homes, vegetarians spent 5 per cent more per thali in January 2024 as compared to January 2023 due to higher prices paid for onion, tomato, rice and pulses, as per a report by CRISIL Market Intelligence &