SEBI tightens short selling rules
Mumbai, Jan 4 - Institutional investors will have to disclose upfront at the time of placement of an order whether the transaction is a short sale, according to a new circular issued by markets regulator SEBI on Friday.
Govt ups GDP growth forecast to 7.3% for 2023-24
New Delhi, Dec 5 - India's gross domestic product (GDP) is estimated to grow by 7.3 per cent in 2023-24, up from 7.2 per cent in 2022-23, according to the advance estimate released by the Ministry of Statistics on Friday.
Eurozone inflation rebounded in Dec 2023
Brussels, Jan 6 - The eurozone's yearly inflation rate rebounded in December 2023 after a steady decline in recent months, reaching 2.9 per cent compared to 2.4 per cent in November, according to a flash estimate published by Eurostat.
Tesla recalls 1.6 mn cars in China, lowers Model Y, S and X range
San Francisco, Jan 5 - Elon Musk-run Tesla is recalling 1.6 million vehicles in China, its largest-ever recall in the country, to fix its autopilot system, the media reported on Friday.
redRail by redBus reveals India’s most punctual trains in 2023
New Delhi, Jan 5 - Indian Railways operates one of the world's busiest and most extensive rail networks, with over 24 million passengers commuting daily. With over 13,000 daily passenger trains covering approximately 68,000 route kilometers and connecting more than 7,325 stations nationwide,
Design company InVision, once valued at $2 bn, to wind up by 2024 end
San Francisco, Jan 5 - Design company InVision, once valued at $2 billion, has announced to wind up operations by the end of 2024.
GAIL inks 10-year deal with Vitol for import of LNG
Singapore, Jan 5 - GAIL (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a Long Term liquefied natural gas (LNG) deal into India for a supply of approximately one million metric tonNEs of LNG per annum for a
Shree Cement shares crash amid reports of Rs 4,000 crore tax demand
Mumbai, Jan 5 - The shares of Shree Cement crashed on Friday amid reports that the Income Tax (I-T) Department has firmed up a Rs 4,000 crore tax demand against the company.
Fintech unicorn MobiKwik again files for IPO to raise Rs 700 cr
New Delhi, Jan 5 - Fintech unicorn MobiKwik on Friday filed its draft red herring prospectus (DRHP) with the markets regulator SEBI in its second attempt, to raise Rs 700 crore this time via fresh issues of shares.
Spirit Aeronautical, Garuda Aerospace ink collaborative agreement
Chennai, Jan 5 - Weaponized drone maker -- rotary and fixed wing drones -- Spirit Aeronautical Systems S.A., of Greece and India’s Garuda Aerospace S.A., makers of drones for civil use have inked an agreement for business collaboration.
US private sector added 164,000 jobs in Dec 2023 amid slow growth
Washington, Jan 5 - Private companies in the US added 164,000 jobs in December 2023 amid slowing job growth, payroll data company Automatic Data Processing (ADP) said.
PhonePe appoints Ritesh Pai as CEO of its global payments biz
New Delhi, Jan 5 - Digital payments major PhonePe on Friday announced the appointment of Ritesh Pai as CEO of its International Payments business.
Google begins blocking data tracking cookies in Chrome for select users
New Delhi, Jan 5 - Google has started testing a new feature that limits cross-site tracking by restricting website access to third-party cookies by default.
Services sector records robust growth in Dec 2023
Mumbai, Jan 5 - India’s services sector posted a robust growth in December 2023 on the back of strong demand and a positive outlook ahead, according to an HSBC survey.
GST authorities tell NTPC to cough up Rs 100 cr
Mumbai, Jan 5 - NTPC has received demand orders from GST authorities in seven states to pay up tax, interest, and penalty adding up to a total of Rs 100.80 crore.
LG Chem signs deal to sell rights to anti-obesity drug to US’ Rhythm Pharma
Seoul, Jan 5 -South Korean chemical company LG Chem on Friday signed a deal to sell the global licensing rights for an anti-obesity drug candidate named LB54640 to a US' Rhythm Pharmaceuticals for up to US$305 million, the media reported.
Hyundai, Kia join US firm for hydrogen fuel cell material development
Seoul, Jan 5 - Hyundai Motor and Kia, South Korea's leading automakers, have partnered with a U.S. materials science company to cooperate in developing a key material used in hydrogen fuel cells, the companies said on Friday.
itel launches A70, India’s 1st smartphone with 256GB ROM & 12GB (4+8) RAM at Rs 7,299, sales live today on Amazon
New Delhi, Jan 5 - itel, the most popular sub-10K smartphone brand, on Friday launched India's first phone with 256GB storage and 12GB RAM through memory fusion at just Rs 7,299, marking a significant leap into 2024.
Qualcomm unveils new chip for more realistic mixed reality experiences
San Francisco, Jan 5 - Chip-maker Qualcomm has announced a new Snapdragon chipset to create more realistic, detailed experiences in mixed reality (MR) and virtual reality (VR) with higher GPU frequency.
Musk’s SpaceX sues US labour agency after being accused of illegally firing workers
San Francisco, Jan 5 - Elon Musk-run SpaceX has sued the US National Labor Relations Board (NLRB) after the agency filed a complaint against SpaceX, saying it illegally fired eight employees for criticising its CEO.