Indian Oil posts big jump in net profit at Rs 8,063 cr for Q3
New Delhi, Jan 30 - Indian Oil Corporation (IOC) on Wednesday announced a massive jump in net profit for the third quarter of FY 2023-24 to Rs 8,063 crore from the corresponding figures of Rs 448 crore in the same quarter of FY
IMF forecasts ‘soft landing’ for global economy, upgrades India
Washington, Jan 30 - The International Monetary Fund (IMF) on Tuesday forecast a "soft landing" for the global economy hammered in recent years by a deadly pandemic, skyrocketing inflation and high interest rates, and protracted wars.
RBI releasing Rs 5,000 crore to ease liquidity for primary dealers
Mumbai, Jan 30 - The Reserve Bank of India (RBI) announced on Tuesday that it has decided to make an additional amount of Rs 5,000 crore available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility.
Aviation minister inaugurates Dehradun and Pithoragarh UDAN flight
New Delhi, Jan 30 - Union Minister of Civil Aviation, Jyotiraditya Scindia, on Tuesday virtually inaugurated an UDAN flight connecting Dehradun and Pithoragarh.
Zee shares up 5% amid reports of arbitration hearing in Singapore
Mumbai, Jan 30 - Zee Entertainment shares jumped more than 5 per cent on Tuesday amid reports of an emergency arbitration hearing of its terminated merger with the Sony Group in Singapore.
Gadkari rolls out highway projects worth Rs 2,367 crore in MP
New Delhi, Jan 30 - Minister of Road Transport and Highways Nitin Gadkari on Tuesday inaugurated and laid the foundation stone of nine national highway projects worth Rs 2,367 crore covering a total length of 225 km in Madhya Pradesh’s Jabalpur district.
US authority fines Infosys $225 for violating short payment of tax
Bengaluru, Jan 30 - The Nevada Department of Taxation in the US has been slapped a fine of $225 for alleged violation of short payment of modified business tax for two quarters.
Bajaj Finserv to acquire Vidal Healthcare Services, subsidiaries, associate company for Rs 325 crore
Chennai, Jan 30 - Bajaj Finserv Health Ltd (BFS-Health), a wholly-owned subsidiary of Bajaj Finserv Ltd, on Tuesday announced signing of share purchase agreement for acquisition of 100 per cent stake in Vidal Healthcare Services Private Ltd (VHC) and its subsidiaries and an
India’s M&A deal activity maintains long-term momentum, mid-market in focus
New Delhi, Jan 30 - India's strategic merger and acquisition (M&A) deal activity in 2023 maintained its long-term momentum, with deal volumes surpassing levels seen over the past 10 years, apart from the exceptional record year of 2022, a report showed on Tuesday.
TVS ILP to develop logistics, warehousing park in Goa
Chennai, Jan 30 - TVS Industrial and Logistical Parks (TVS ILP) on Tuesday announced signing of MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of logistics and warehousing park in the Verna Industrial Estate.
Competitive intensity lower for upcoming projects
Mumbai, Jan 30 - Adani Energy Solutions (AESL) feels that the competitive intensity for the Tariff Based Competitive Bidding (TBCB) based projects -- worth Rs 1.1 lakh crore in pipeline -- has ebbed significantly.
Finance Ministry bullish on 7% plus growth but flags geopolitical risk
New Delhi, Jan 30 - Although the Indian economy is expected to grow above 7% driven by strong domestic demand and economic reforms, geopolitical risks such as the fallout of Israel-Hamas war pose a risk, according to a Finance Ministry report ahead of
HP to introduce new AI-enabled Spectre laptops in India
New Delhi, Jan 30 - PC and printer major HP is set to introduce its latest premium Spectre laptops in India, targeting the contemporary and modern users. According to sources, the price of the new Spectre laptops will be around Rs 1.5 lakh.
Zee says not aware of Disney Star’s next steps on licence agreement
New Delhi, Jan 30 - Zee Entertainment Enterprises has said that the company is not aware of, and cannot comment on, Star India Private Limited’s ('Disney Star') intentions or next steps with respect to the strategic licence agreement entered between the company and
Fidelity further marks down Meesho valuation to $3.5 bn
New Delhi, Jan 30 - Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
Oil and gas stocks top gainers led by HPCL
New Delhi, Jan 30 - Oil and gas stocks are the top gainers in trade on Tuesday with the index climbing more than 2 per cent.
Bajaj Finance shares slump more than 4 per cent after quarterly results
New Delhi, Jan 30 - Bajaj Finance shares slumped more than 4 per cent on Tuesday on elevated credit costs from B2C businesses and NIM contraction.
NTPC inks pact for green hydrogen project in Maharashtra
New Delhi, Jan 30 - NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the Maharashtra Government for the development of Green Hydrogen and derivatives (Green Ammonia, Green Methanol) of up to 1 million tonnes capacity per annum, the
Microsoft introduces more protections to AI tool that created Taylor Swift deepfakes
San Francisco, Jan 30 - Microsoft has introduced more protections to its AI text-to-image generation tool Designer that users were utilising to create nonconsensual sexual images of celebrities.
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
New Delhi, Jan 30 - More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy.