Kotak Life Insurance to expand branch network
Chennai, Jan 4 - With the licence to open 30 more branches, private life insurer Kotak Life Insurance Company Ltd, (Kotak Life) will expand its distribution network this year, said a senior official. The company currently has 289 branches.
Indian enterprises to up AI spending by 68% in 2024: Report
New Delhi, Jan 4 - About 68 per cent of IT leaders stated they are gearing up for an increase in Artificial Intelligence (AI) spending over the next 12 months, a new report has revealed.
India leads deal value in healthcare sector in Asia-Pacific in 2023
New Delhi, Jan 4 - India registered the largest share of deal value in the healthcare sector in the Asia-Pacific in 2023, a new report has shown.
Intel launches enterprise GenAI software firm with Arun Subramaniyan as CEO
New Delhi, Jan 4 - Chip giant Intel has announced a new enterprise-focused generative AI (GenAI) software company called Articul8 with global investment firm DigitalBridge Group.
Pocket FM’s India arm logs 647% revenue growth in FY23, losses down by 56%
New Delhi, Jan 4 - Homegrown audio streaming platform Pocket FM on Thursday disclosed the financial performance of its India subsidiary for FY2023, reporting a 647 per cent surge in revenue, reaching Rs 131 crore and a 56 per cent decrease in loss
Real estate stocks jump up to 15%
New Delhi, Jan 4 - Real estate stocks are on fire with the realty index jumping more than 5 per cent on Thursday.
US-based Invesco raises Swiggy’s valuation to $8.3 bn
New Delhi, Jan 4 - US-based investment company Invesco has raised IPO-bound food delivery platform Swiggy's valuation to about $8.3 billion.
ONGC wins 7 of 10 oil exploration blocks put up for bidding
New Delhi, Jan 3 - Public sector giant Oil and Natural Gas Corporation (ONGC) won seven of the 10 oil and gas exploration that were put up for bidding on Wednesday as part of the eighth round of Open Acreage Licensing Policy (OALP-VIII).
India’s GDP to touch $4 tn ahead of LS polls: Piyush Goyal
New Delhi, Dec 3 - India will become a $4 trillion economy before the Lok Sabha elections and in 2 to 2.5 years, it will touch the $5 trillion GDP mark, Commerce and Industry Minister Piyush Goyal said on Wednesday.
India saw highest private equity, venture capital exits in 2023: Report
New Delhi, Jan 3 - India saw the highest number of private equity and venture capital exits in 2023, according to a report on Wednesday.
Adani Group to set up data centre, aerospace park in Telangana
Hyderabad, Jan 3 - The Adani Group has come forward to invest in Telangana and it is keen to set up a data centre and aerospace park.
Muted business updates from corporates dent market sentiments
Mumbai, Jan 3 - Muted monthly and quarterly business updates from corporates have dented market sentiments generally, Deepak Jasani, Head of Retail Research at HDFC Securities, said on Wednesday.
Nifty declines for second day on profit booking, weak PMI data
Mumbai, Jan 3 - Domestic equities continued to witness profit booking on the back of weak global cues and a fall in India’s PMI manufacturing to an 18-month low at 54.9 for December, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial
As New Year begins, there’s some nervousness in markets
Mumbai, Jan 3 - In some areas, valuations seem stretched, as seen in the surge of micro-cap stocks and the enthusiasm for new issues, including in the SME sector, Jaykrishna Gandhi, Head of Business Development, Institutional Equities at Emkay Global Financial Services, said
SpaceX launches 1st batch of satellites for mobile phone connectivity anywhere on Earth
New Delhi, Jan 3 -Elon Musk-run aerospace company SpaceX has launched the first batch satellites to connect mobile phone users anywhere on the planet.
Akasa Air inducts two Boeing 737 MAX 8 aircraft, fleet rises to 22
New Delhi, Jan 3 - Budget airline Akasa Air has inducted two Boeing 737 MAX 8 aircraft, reaching a fleet size of 22 aircraft within 17 months of commencing operations,
Oil Minister rules out cut in fuel prices
New Delhi, Jan 3 - Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Wednesday that there was no proposal to cut petrol and diesel prices at present as there was “high volatility” in global crude oil prices.
Rail Vikas Nigam lines up Rs 35,000 cr from REC for big projects
New Delhi, Jan 3 - REC has entered into an MoU with Rail Vikas Nigam Ltd (RVNL) to finance up to Rs. 35,000 crore worth infrastructure projects to be executed by RVNL over the next five years, according to an official statement on
itel launches A70, India’s 1st smartphone with 256GB storage and 12GB (4+8) RAM at just Rs 7,299
New Delhi, Jan 3 - itel, the most popular sub-Rs 10,000 smartphone brand in India, on Wednesday launched the country's first phone with 256GB storage and 12GB RAM through memory fusion at just Rs 7,299, marking a significant leap into 2024.
Hyundai Motor, Kia sales rise to record levels in 2023
Seoul, Jan 3 - Hyundai Motor, South Korea's biggest carmaker, said on Wednesday that its 2023 sales rose 6.9 per cent from a year earlier, helped by the release of new sport utility vehicle models and eco-friendly cars.