Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Mumbai, Jan 24 - Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 2,881.5 crore in the same period last year.
PLI, GST exemption on budget wishlist of Indian Space Association
Chennai, Jan 24 - Production linked incentive (PLI) scheme for space grade components, exemption from good and services tax (GST), tax holiday, concessional custom duty, lower tax rate on external commercial borrowing and others are on the budget wishlist of the Indian Space
Adani Group to invest in various public sectors of Nepal: Minister
Kathmandu, Jan 24 - Nepal Finance Minister Ram Sharan Mahat has said that Adani Group will invest in various public sectors in Nepal including airports and energy sector.
India’s ACME Group inks pact to supply green ammonia to Japan’s IHI Corporation
New Delhi, Jan 23 - ACME Group, a leading renewable energy company in India, and IHI Corporation, a Japanese integrated heavy industry group, have signed an offtake term sheet for supply of green ammonia from India to Japan.
Oxford University ends ties with TCS citing ‘technical glitches’ in online admission tests: Report
London, Jan 23 - The University of Oxford has terminated its partnership with Tata Consultancy Services (TCS) following a detailed analysis of technical problems experienced by students taking online admission tests in 2023, according to media reports.
Chinese stocks have lost $6 trillion in 3 years
Hong Kong, Jan 23 - Over the past three years, about $6 trillion -- equivalent to roughly twice Britain’s annual economic output -- has been wiped off the value of Chinese and Hong Kong stocks, a media report said.
Apple releases iOS 17.3 with Stolen Device Protection feature
New Delhi, Jan 23 -(IANS) Apple has released iOS 17.3 -- the third major update to the iOS 17 operating system that initially came out in September 2023.
Real estate, PSU stocks lead slump in broader markets
New Delhi, Jan 23 - Real estate and PSU stocks are the biggest losers in trade on Tuesday as the BSE Sensex slumped below the 71k mark.
Govt hikes import duty on gold and silver coins, jewellery findings
New Delhi, Jan 23 - The government has raised the import duty on gold and silver findings as well as coins of precious metals to 15 per cent, from 10 per cent at present, with effect from January 22.
GenAI spending from banks to reach $85 bn globally by 2030
New Delhi, Jan 23 - The spending on GenAI by banks will reach $85 billion in 2030, from $6 billion globally in 2024 which is a 1,400 per cent growth, a report showed on Tuesday.
Colgate-Palmolive logs Q3 PAT of Rs 330.11 cr
Chennai, Jan 23 - Fast moving consumer goods (FMCG) company Colgate-Palmolive (India) Ltd closed the third quarter of FY 24 with an after tax profit of Rs 330.11 crore.
Zee shares plunge 25% at lower circuit
New Delhi, Jan 23 - Zee Entertainment shares were down a massive 25 per cent on Tuesday.
7 in 10 CEOs globally planning to invest in genAI in 2024: Report
New Delhi, Jan 23 - About seven out of 10 CEOs globally are planning to invest in generative artificial intelligence (genAI) this year, a new report said on Tuesday.
Sensex down more than 500 points led by banks
New Delhi, Jan 23 - BSE Sensex has now slumped more than 500 points on Tuesday with banks leading the fall.
Samsung Galaxy S24 Ultra: AI blends perfectly with productivity, creativity
New Delhi, Jan 23 - Artificial intelligence (AI) is here and when it comes to devices around us, the role of this new technology to boost productivity, creativity and overall daily-life experiences is now being explored by various original equipment manufacturers (OEMs). For
AI launches maiden flight with Airbus A350-900 from Mumbai to Chennai
Mumbai, Jan 22 - Air India operated its maiden flight with the most advanced and the country’s first Airbus A350-900 with the carriers’ new livery on the Mumbai-Chennai sector, here on Monday, said an official.
InterGlobe Enterprises appoints Aditya Pande as Group Chief Executive Officer
New Delhi, Jan 22 - InterGlobe Enterprises on Monday announced the appointment of Aditya Pande as its Group Chief Executive Officer, with effect from March 1, 2024.
Ram Mandir in Ayodhya to attract 5 crore tourists every year: Jeffries report
New Delhi, Jan 22 - Ram Mandir in Ayodhya is expected to have a big economic impact in the region as tourism is projected to surge to 5 crore visitors every year to the holy town, according to global brokerage firm Jeffries.
Worst start to a year for Chinese stocks since 2016
London, Jan 22 - China’s stock market had a rough 2023 and the rout has accelerated in the first few weeks of the New Year, after Beijing dashed hopes that it might do more to support the struggling economy, a media report said.
Coforge’s net profit up over 31% in Q3 FY24, revenue at Rs 2,323 cr
New Delhi, Jan 22 - Digital services and solutions provider Coforge on Monday registered a 31.5 per cent growth in consolidated net profit in the third quarter (Q3) of FY24.