Interim Budget surprised positively on fiscal deficit target: Morgan Stanley
New Delhi, Feb 2 - The Interim Budget focused on consolidating fiscal deficit ahead of expectations and pegged the target at 5.1 per cent of GDP for F25BE from 5.8 per cent of GDP in F24RE. Further, the fiscal assumptions look reasonable with
Paytm & Paytm Payments Bank not one entity; Paytm app accelerating partnerships with other banks
New Delhi, Feb 2 - After the Reserve Bank of India's (RBI) directive to Paytm's associate bank, there has been an impression that the company and its associate are one. However, giving clarity on the same while addressing analysts on Thursday, Madhur Deora,
Zomato CEO Deepinder Goyal buys 2 plots worth Rs 79 cr in New Delhi
New Delhi, Feb 2 - Zomato co-founder and CEO Deepinder Goyal has reportedly bought two plots of land (about 5 acres each) worth Rs 79 crore in Mehrauli area of the national capital.
PM to inaugurate, lay foundation of projects worth over Rs 68K cr in Odisha
Bhubaneswar, Feb 2 - Prime Minister Narendra Modi on Saturday will inaugurate and lay the foundation of a slew of infrastructural projects worth more than Rs 68,000 crore during his visit to Odisha on Saturday.
US stocks open mixed following stronger-than-expected jobs report
New York, Feb 2 - US stocks opened mixed on Friday following a stronger-than-expected jobs report and earnings beats from tech giants Amazon and Meta, a media report said.
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.