Indian bank credit in FY25 to be 12-14%: S&P Global Ratings
Chennai, Feb 5 - Indian bank credit could be restricted to 12-14 per cent in fiscal 2025 if deposit growth remains tepid coupled with increasing cost of funds and competition for funds, said S&P Global Ratings in a report.
Hydrant Refuelling System launched at all parking bays of Terminal 1: DIAL
New Delhi, Feb 5 - In a major leap towards environmental sustainability, GMR-led Delhi International Airport Limited (DIAL) on Monday announced the launch of an advanced Hydrant Refuelling System (HRS) at all parking bays of Terminal 1.
Sunshine, wind and AI help Adani Electricity ‘curb’ Mumbaikars’ power bills
Mumbai, Feb 5 - The Adani Electricity Mumbai Ltd is in its endeavour to ease the consumer's stress in Mumbai is making good use of abundant bright sunshine, merrily blowing winds and a smart dosage of 'Artificial Intelligence'.
Incofin & Fiedlin invest Rs 60cr in Kashmir-based horticulture technology enterprise
Srinagar, Feb 5 - Qul Fruitwall (Qul), the Kashmir-based horticultural startup, becomes the first private sector enterprise to receive global institutional capital in Jammu and Kashmir.
Mukesh Ambani ranked No. 1 Indian & No. 2 globally in Brand Guardianship Index 2024
New Delhi, Feb 5 - Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, was ranked 1st among all Indians and 2nd globally in the Brand Guardianship Index 2024 compiled by Brand Finance.
Samsung Chairman Lee acquitted in controversial 2015 merger case
Seoul, Feb 5 - A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong on Monday in connection with the controversial 2015 merger of two Samsung affiliates allegedly conducted to help him take over control of South Korea's biggest conglomerate.
In Jan, FIIs posted highest outflows since Feb 2023 at $3.1bn
New Delhi, Feb 5 - Over the last 12 months, mid-caps and small-caps have gained 58 per cent and 69 per cent, respectively, while large-caps have risen 23 per cent, as per a research by Motilal Oswal Financial Services.
India’s services sector PMI surges to 6-month high
New Delhi, Feb 5 - Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Paytm shares down at lower circuit of 10%
New Delhi, Feb 5 - Paytm shares are locked in lower circuit of 10 per cent on BSE.
LIC Housing to focus on affordable housing segment, take a call on project finance in FY25
Chennai, Feb 5 - Completing internal rejig, migrating to a new information technology (IT) platform and focusing on the affordable housing segment, LIC Housing Finance Ltd hopes to increase its loan book size by 15 per cent next fiscal, said a top company
Tata Motors jumps 7% after results
New Delhi, Feb 5 - The global construct for equity markets continues to be good with the US doing well aided by a surprisingly strong economy, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Board members aware of Musk’s drug use, friends told him to go to rehab: Report
San Francisco, Feb 5 - Some board members at Tesla and SpaceX are aware of the "use of illegal drugs" by Elon Musk and regularly do drugs with him, "because they think refraining could upset the billionaire, who has made them a lot
Emergency Arbitrator denies Sony’s application against Zee
New Delhi, Feb 4 - The Singapore International Arbitration Centre (SIAC) has denied the application for emergency interim relief filed by Sony against Zee Entertainment.
Apple plans to buy AI startup to strengthen its Vision Pro: Report
San Francisco, Feb 4 - Apple is planning to acquire a German AI startup -- Brighter AI, specialising in anonymising face and licence plate data, a media report has said.
3 indigenously-developed tech transferred to 12 industries in India
New Delhi, Feb 4 - Three indigenously-developed technologies -- thermal camera, CMOS camera, and Fleet Management System -- were transferred to 12 industries in India on Sunday.
Spacetech startup raises $15.5 mn to harvest natural resources from Moon
San Francisco, Feb 4 - Interlune, a spacetech startup led by former Blue Origin leaders, has quietly raised $15.5 million in new funding and aims to close another $2 million, according to its filing with the US Securities and Exchange Commission (SEC).
Hyundai, Kia’s EV sales surpass 1.5 mn units
Seoul, Feb 4 - South Korea's Hyundai Motor and its smaller affiliate Kia on Sunday said their combined electric vehicle sales exceeded 1.5 million units as of December, 12 years after Hyundai debuted its first EV model.
Reliance wins IFR Asia’s ‘Issuer of the Year’ award for record fourth time
New Delhi, Feb 3 - Reliance Industries Limited has been conferred with the IFR Asia’s ‘Issuer of the Year’ award for 2023 for achieving most optimal pricing for super-sized funding deals while overcoming multiple market challenges.
Hyundai Motor India showcases ‘Mobility for All’ at Bharat Mobility Global Expo 2024
New Delhi, Feb 3 - Hyundai Motor India Ltd. showcased its technologically-advanced products at the first ever Bharat Mobility Global Expo 2024. Based on the theme 'Mobility for All', the Hyundai Motor India Pavilion in Hall No. 6, Pragati Maidan, presented the company’s
Delhi Airport’s re-carpeted runway becomes operational: DIAL
New Delhi, Feb 3 - The GMR-led Delhi International Airport Limited (DIAL) on Saturday announced the completion of the re-carpeting and refurbishment work of Runway 10/28 (RWY 10/28 - also known as the second runway).