RBI issues warning against fraud through KYC trick
Mumbai, Feb 2 - The Reserve Bank RBI on Friday cautioned the general public against frauds in the name of KYC updation as more incidents are being reported of customers being cheated through this malicious practice.
Tata Motors Q3 net profit surges more than 2-fold to Rs 7,3025 cr
New Delhi, Feb 2 - Tata Motors on Friday announced a more than two-fold increase in its consolidated net profit at Rs 7,025 crore for the October-December quarter of the current financial year driven by strong sales in its UK luxury car unit
PM Modi to lay foundation for NLC India’s 2,400 MW Odisha power project
Chennai, Feb 2 - Prime Minister Narendra Modi on Saturday will be laying the foundation stone for the first phase of the 3,200 MW pit head green field thermal power project in Odisha being built by the integrated lignite/coal mining and power generation
Investors have no voting rights on CEO change: Byju’s
New Delhi, Feb 2 - Embattling edtech company Byju's on Friday said investors have no voting rights on CEO change, after statements from a select few investors surfaced, calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran.
Byju’s saga: Salaries delayed, US unit files for bankruptcy
New Delhi, Feb 2 - Embattling edtech company Byju's has reportedly delayed salaries of its employees for the month of January, as the firm aims to raise funds through a rights issue.
Amazon logs record $140 bn in net sales in holiday quarter
San Francisco, Feb 2 - Net sales for Amazon increased 14 per cent to $170 billion in the holiday quarter that ended December 31, 2023, compared with $149.2 billion in the fourth quarter of 2022.
Paytm app will keep working beyond Feb 29: Founder & CEO Vijay Shekhar Sharma
New Delhi, Feb 2 - Paytm's associate Bank recently received the Reserve Bank of India's (RBI) directions in response to which Paytm's Founder and CEO Vijay Shekhar Sharma assured users that Paytm app will continue to work beyond February 29.
Apple iPhone revenue reaches $69.7 bn in Dec quarter, up 6%
New Delhi, Feb 2 - Apple has registered $69.7 billion revenue for iPhones in the December quarter of 2023, a 6 per cent growth year-over-year.
Zoho reports Rs 8,703 cr revenue in FY23, profit crosses Rs 2,800 cr
New Delhi, Feb 2 - Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30 per cent (year-on-year).
Apple made it ‘very difficult’ to build rival app stores in EU: Zuckerberg
San Francisco, Feb 2 - Apple has made it very difficult for others to build rival app stores in the European Union (EU), Meta founder and CEO Mark Zuckerberg has said.
Global smartphone market revenues down 2%, iPhone hits record 50% share
New Delhi, Feb 2 - Global smartphone market revenues declined by 2 per cent to a little under $410 billion in 2023 compared with a 4 per cent decline in shipments to 1.17 billion units, a new report showed on Friday.
YouTube surpasses 100 mn Music & Premium subscribers globally
New Delhi, Feb 2 - Google-owned YouTube has surpassed 100 million Music and Premium subscribers globally, including trials, as of January this year.
Apple’s generative AI features coming later this year: Tim Cook
Cupertino, Feb 2 - Apple is working on generative AI (GenAI) features that will be revealed later this year, the company's CEO Tim Cook has said.
Apple logs another quarter revenue record in India
Cupertino, Feb 2 - Apple has registered strong double-digit growth in the December quarter in India, reaching another quarter revenue record in the country, the company’s CEO Tim Cook has said.
‘Interim Budget reflects progress of eastern India is priority for govt’
Guwahati, Feb 1 - The 'Indian Chamber of Commerce (ICC) North East Initiative', on Thursday hailed the interim Union Budget presented in the Lok Sabha by the Finance Minister Nirmala Sitharaman.
PSU banks to benefit from treasury gains on lower fiscal deficit
New Delhi, Feb 1 - A lower fiscal deficit versus estimated is likely to raise government bond prices and a treasury gain is very likely for the public sector banks, LKP Securities said in a report on sectoral impact of Interim Budget 2024.
Interim Budget proposes significant cut in Civil Aviation allocations for 2024-25
New Delhi, Feb 1 - The interim budget for the fiscal year 2024-25 has suggested a substantial reduction in budgetary allocations for the Ministry of Civil Aviation.
Interim Budget to have significant positive impact in NE region: FICCI, NE Council
Guwahati, Feb 1 - The FICCI Northeast Advisory Council and Assam state council have welcomed the Interim Budget 2024, saying the announcements have the potential to serve as a catalyst for sustainable development, economic growth, and social well-being.
Top realtors hail Interim Budget as ‘inclusive growth oriented & visionary’
Mumbai, Feb 1 - Top realty developers and builders here on Thursday have lauded the Interim Budget 2024-2025 as 'visionary' and 'inclusive growth oriented' with sustainable development intended to transform India.
Paytm merchants not impacted by RBI directive; here’s what merchants need to know
New Delhi, Feb 1 - Paytm merchants need not worry following Reserve Bank of India's (RBI) direction to its associate bank as Paytm Soundbox, QR, EDC machines will keep working as usual, and merchants will still be able to accept payments.