Two big deals completed by Tata Consumer Products
Mumbai, Jan 12 - In two back to back deals, Tata Consumer Products on Friday stated it will acquire up to 100 per cent stake in Organic India, a Fabindia-owned business that sells tea, infusions, herbal supplements and packaged foods, for Rs 1,900
LIC wins Rs 25,464 Income Tax refund on interim bonus
New Delhi, Jan 12 - In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.
Most CEOs waiting for GenAI to move past the hype or experimenting in small ways: Report
New Delhi, Jan 12 - Generative AI (GenAI) exploded into the public consciousness in 2023, promising to transform the way business functions. Despite the potential, however, leaders are struggling to convert hype into reality.
Crude oil prices rise after US, UK attack Houthis
London, Jan 12 - Crude oil prices were up more than 2.5 per cent on Friday after the US and the UK launched joint strikes on Houthi targets in Yemen, media reports said.
India’s forex kitty dips by $5.9 billion
Mumbai, Jan 12 - India's foreign exchange reserves fell by $5.9 billion to $617.30 billion during the week ended January 5, according to the RBI data released on Friday.
Industrial growth slumps to 2.4% in November
New Delhi, Jan 12 - India's industrial growth rate slumped to an 8-month low of 2.4 per cent in November from a 16-month high of 11.6 per cent in October, data released by the Ministry of Statistics and Programme Implementation on Friday showed.
‘A contractual obligation’: Wipro on lawsuit against Jatin Dalal
Bengaluru, Jan 12 - Bengaluru based corporate giant Wipro on Friday clarified that there is nothing personal about lawsuits filed against former top officials of the company.
Need for increase in Standard Deduction for salaried taxpayers: Anand Rathi Advisors
New Delhi, Jan 12 - Salaried individuals have not received any additional relief in the form of a standard deduction, as it has remained unchanged for all individuals, regardless of their income levels.
FAA to keep Boeing 737 MAX 9 grounded till further notice
Washington, Jan 13 - The US Federal Aviation Administration (FAA) announced that it will keep Boeing 737-9 MAX grounded for the safety of travellers until extensive inspection and maintenance are conducted and data from inspections is reviewed.
Draft ready, Kerala to bring in policy to emerge as AVGC-XR hub
Thiruvananthapuram, Jan 12 - Billed as a path-breaking initiative, the Kerala Government has proposed to come out with a comprehensive policy on AVGC-XR (Animation, Visual Effects, Gaming and Comics and Extended Reality), a cutting technology domain with immense potential for the state to
Samsung India launches BP, ECG tracking features on Galaxy Watch6 series
New Delhi, Jan 12 - Samsung on Friday launched blood pressure (BP) and electrocardiogram (ECG) tracking features for the Galaxy Watch6 series for the first time in India through an OTA (over-the-air) rollout.
Rupee strengthens further with 11 paise gain vs dollar
Mumbai, Jan 12 - The rupee strengthened further on Friday with a gain of 11 paise to close at 82.90 vis-a-vis the US dollar as bullish foreign funds flowed into the equity markets.
Cruise operator to Lakshadweep sees massive 2,500% jump in booking queries
Chennai, Jan 12 - With awareness about Lakshadweep as a tourist destination increasing among people after Prime Minister Narendra Modi's visit and derogatory remarks by three Maldivian ministers, cruise player Waterways Tourism Private Ltd is having a positive rub off effect.
Wipro logs 1.4% decrease in gross revenue, net income up 1.8% in Q3
Bengaluru, Jan 12 - Software major Wipro Ltd closed the third quarter of FY24 with a lower net profit of about Rs 2,700 crore on a lower revenue.
FPI inflows of $ 10.1bn in Dec 2023 are highest ever recorded in a single month
New Delhi, Jan 12 - Inflows of US$ 10.1bn in December 2320 are the highest ever monthly inflows recorded in a single month, a research by Bank of Baroda said.
Tatas roll out cars out of acquired Ford India plant in Gujarat
Chennai, Jan 12 - Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors Ltd, on Friday said it rolled out the first Tata badged car from its new plant in Gujarat's Sanand1.
MakeMyTrip sees 1,806% jump in searches for Ayodhya since inauguration announcement
New Delhi, Jan 12 - Online travel company MakeMyTrip on Friday said it has seen a 1,806 per cent increase in searches for Ayodhya on the platform since the announcement of the inauguration.
Markets at new highs in massive rally driven by IT heavyweights
New Delhi, Jan 12 - Indian markets soared to new heights in a powerful rally, driven by IT heavyweights, says Vinod Nair, Head of Research, Geojit Financial Services.
First two quarters to see good FPI inflows, rupee to appreciate: Bank of Baroda
Chennai, Jan 12 - After a dismal start, foreign portfolio investments (FPI) flow into India picked up pace, cumulatively totaling $28.7 billion in 2023, said a report by Bank of Baroda.
Digital Connexion’s Chennai Data Center goes on stream
Chennai, Jan 12 - Digital Connexion, a three-way joint venture between Brookfield Asset Management (Brookfield), Reliance Industries Limited and Digital Realty on Friday announced the launch of its first data centre campus here.