Markets bounce back on Reliance Industries surge
New Delhi, Jan 29 - Markets have bounced back strongly after the last two weeks of correction on the back on Reliance Industries which has recorded more than 5% gains in the day so far, says Rahul Sharma , Director, Head - Technical
iPhones grow 28% to grab over 6% market share in India in 2023
New Delhi, Jan 29 - Riding on the premiumisation trend in India, iPhones grew 28 per cent from 4 per cent market share in 2022 to more than 6 per cent in 2023, according to latest industry data.
realme will continue to strengthen its roots in India market: Top executive
Colombo, Jan 29 - Global consumer electronics brand realme, which has significantly made its mark in the Indian market over the past five years, will continue to strengthen its roots in the domestic market, a top company executive has said.
Rolls-Royce inks pact with Azad Engineering for making complex defence aero-engine components in India
New Delhi, Jan 29 - Rolls-Royce has announced the signing of a long-term agreement with Azad Engineering to manufacture and supply complex components for defence aircraft engines.
Satya Nadella to visit India in Feb, discuss new opportunities with AI
New Delhi, Jan 29 - Microsoft Chairman and CEO Satya Nadella will visit India on February 7 and 8 as part of his annual visit to the country and might meet AI startups and discuss new opportunities with AI.
Retail loans surge as RBI seeks to stem possible risks
New Delhi, Jan 29 - Indian commercial banks' retail lending has risen faster than loans to large businesses since the COVID-19 pandemic, S&P Global Market Intelligence data showed, underscoring the central bank's concerns about unsecured loans.
Indian EV startup BluSmart raises $25 mn
New Delhi, Jan 29 - Switzerland-based impact investor responsAbility on Monday announced that it will invest up to $25 million in EV ride-hailing and charging provider BluSmart, as part of its $500 million climate investment strategy.
O.P. Jindal Global University sets up new Jindal India Institute to build India’s soft power globally
Sonipat, Jan 29 - O.P. Jindal Global University (JGU), based in Haryana's Sonipat, has launched a unique, one-of-its-kind Jindal India Institute (JII).
US debt stands at a staggering $34 trillion
New Delhi, Jan 28 - The US’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock, Cryptoslate reported.
After Tesla’s stock slide, Magnificent Seven face tests to keep market’s throne
New York, Jan 28 - Tech behemoths will face their next test to keep the market’s throne this week, after a bleak quarter from Tesla sent its stock sliding, media reported
US firm signs agreement to build resort in Ayodhya
Lucknow, Jan 28 - The Uttar Pradesh Tourism Department has signed an agreement with the American firm M/s Anjali Investment LLC for the construction of a 100-room resort in Ayodhya.
Bernard Arnault returns as world’s richest man as Musk loses $18 bn
San Francisco, Jan 28 - Bernard Arnault, chairman and CEO of global luxury goods company LVMH, has returned as world’s richest man as Elon Musk lost more than $18 billion in his net worth after Tesla stock nosedived last week, wiping over $73
Generative AI can adversely impact our operations: Netflix
San Francisco, Jan 28 - Netflix has sounded threat over generative AI, saying such technologies can adversely impact its operations and its ability to compete effectively with other companies.
Cheap and idle money moving out of banking system and chasing returns
New Delhi, Jan 28 - Indians have generally been savers and debt on personal balance sheets have generally been restricted to housing debt, vehicle loan or credit cards.
Freight through Suez Canal almost halved after Houthi attacks
London, Jan 28 - Freight travelling through the Suez Canal has almost halved since Yemen's Houthi rebels began attacking cargo ships in the Red Sea, Sky News reported.
MacKenzie Scott sold Amazon shares worth over $10 bn over last year
New York, Jan 27 - MacKenzie Scott continues to sell billions of dollars in Amazon stock, the media reported.
Govt puts development of 68 km Ayodhya bypass on fast track
New Delhi, Jan 27 - The government has put the development of the 68 km greenfield Ayodhya bypass project on the fast track to decongest the holy city and facilitate economic, social and logistics connectivity across multiple districts in the region.
Flipkart co-founder Binny Bansal officially exits board
New Delhi, Jan 27 - Flipkart co-founder Binny Bansal has officially exited the e-commerce platform's board after more than 16 years. Sachin Bansal, the other co-founder, left the board in 2018.
Growth in banks’ credit surpassing deposits: RBI
Mumbai, Jan 27 - The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.
Yes Bank posts 4-fold jump in net profit for Oct-Dec quarter
Mumbai, Jan 27 - Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the Oct-Dec quarter of the current financial year.