Finance Minister kicks off Interim Budget 2024 process with halwa ceremony in North Block
New Delhi, Jan 24 - The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr.
Govt invites bids for setting up Advanced Chemistry Cell making units under PLI scheme
New Delhi, Jan 24 - The Ministry of Heavy Industries on Wednesday announced the re-bidding of production linked incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing.
Tata Steel bounces back into profit in Q3 despite challenges in Europe ops
Mumbai, Jan 24 - Tata Steel on Wednesday bounced back with a consolidated net profit of Rs 522.14 crore in the Oct-Dec quarter of the current financial year from a massive Rs 2,501.95 crore loss in the same quarter of the previous fiscal,
Cabinet gives Coal India go-ahead for two projects worth Rs 24,835cr
New Delhi, Jan 24 - The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved two major projects to be taken up by Coal India Ltd (CIL) involving a total investment of Rs 24,834.86 crore.
Nokia signs 5G patent cross-license pact with OPPO
New Delhi, Jan 24 - Nokia on Wednesday signed a 5G patent cross-license agreement with global smartphone brand OPPO that covers Nokia’s fundamental inventions in cellular technologies.
Cabinet approves Rs 8,500 crore scheme to boost Coal Gasification projects
New Delhi, Jan 24 - The Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the scheme for promotion of Coal Gasification projects of public sector undertakings and private sector companies with an outlay of Rs 8,500 crore for providing incentives under
Tech Mahindra’s Q3 net falls drastically to Rs 485.9 crore
Chennai, Jan 24 - Software player Tech Mahindra Ltd closed its third quarter with a drastic fall in its net profit at Rs 485.9 crore on a lower operational revenue.
Govt issues notification for Indian firms to list on GIFT City’s exchanges
New Delhi, Jan 24 - The government on Wednesday issued a notification allowing the direct listing of shares of Indian companies at GIFT City's exchanges.
Microsoft now lets you easily control audio, video settings during Teams meeting
New Delhi, Jan 24 - Microsoft has announced new tools that will let users quickly control audio and video settings during a Teams meeting.
SoftBank sells another 2% stake in Paytm, offloads Rs 3,800 cr worth shares in FY24
New Delhi, Jan 24 - Japanese investment giant SoftBank has sold an additional 2 per cent stake in Paytm's parent company, One97 Communications, over the last month through open market operations, a media report said on Wednesday.
Fintech unicorn InCred reports 132% growth in profit in Q3 FY24
New Delhi, Jan 24 - Fintech unicorn InCred on Wednesday reported 132 per cent growth in profit before tax to Rs 298 crore in the third quarter of the current fiscal year (FY24), from Rs 129 crore in the corresponding period last year.
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.