upGrad’s KnowledgeHut CEO quits, company appoints new head
New Delhi, Jan 2 - Founder and Chief Executive Officer (CEO) of upGrad-owned edtech company Knowledgehut Subramanyam Reddy has resigned after serving nearly 13 years at the company.
Consumer discretionary categories barring jewellery, travel staring at moderating growth
New Delhi, Jan 2 - Despite a promising start to the festive season, most sectors, excluding jewellery and travel, seem to have hit the snooze button, as per a report released by HDFC Securities.
Goldman Sachs cuts India’s CAD forecast for current fiscal to 1% of GDP
Mumbai, Jan 2 - Goldman Sachs has lowered its projection for India’s current account deficit in 2023-2024 to 1 per cent of GDP from 1.3 per cent earlier as the US bank expects services exports to rise further while crude oil prices are
Auto stocks top losers due to weak Dec volumes
New Delhi, Jan 2 - Nifty fell for the second consecutive session on Tuesday. At close, Nifty was down 0.35 per cent or 76.1 points at 21,665.8, while Sensex was down 379.46 points at 71,892.48.
Markets witnessing profit booking after 2 straight months of sharp up-move
New Delhi, Jan 2 - Domestic equities had a muted handover from its Asian peers after China released mixed manufacturing data on Tuesday.
AI, automation tools saving sales teams over 2 hrs of work each day: Study
San Francisco, Jan 2 - Artificial Intelligence (AI) and automation tools appear to be saving sales professionals over two hours of work each day a new study has found.
Investors adopting profit booking strategy before results season
New Delhi, Jan 2 - A bearish candle has emerged on the daily Nifty chart, indicating a potential bearish trend in the near future.
Not in talks with Musk to manage Starlink services in India: Vodafone Idea
New Delhi, Jan 2 - Vodafone Idea on Tuesday denied reports that it is in talks with Tesla and SpaceX CEO Elon Musk for managing its affordable satellite-based Internet service Starlink in India.
Flipkart co-founder Binny Bansal launches e-commerce startup ‘OppDoor’
New Delhi, Jan 2 - Flipkart co-founder Binny Bansal has come up with a new venture – ‘OppDoor’, which will help e-commerce companies expand operations globally by providing them with end-to-end solutions, a media report said on Tuesday.
Govt ups windfall tax on crude, ONGC & OIL to take hit
New Delhi, Jan 2 - The government has raised the windfall tax on crude oil and reduced the tax on diesel and aviation turbine fuel.
Sensex down more than 500 points
New Delhi, Jan 2 - Equity benchmarks sank on Tuesday with selling emerging at higher levels.
Hindustan Unilever shares down after Rs 447.5 cr GST demand
New Delhi, Jan 2 - Hindustan Unilever has made a disclosure regarding the Orders passed by Deputy Commissioner of Commercial Tax Officer, Bengaluru, Additional Commissioner, Central Tax and Central Excise, Kochi Commissionerate, Joint Commissioner, CGST and Central Excise, Mumbai East Commissionerate and Assistant
Global premium phone market sees record sales in 2023, Apple leads
New Delhi, Jan 2 - The global premium smartphone market has witnessed record sales in 2023 with Apple leading the market, a new report said on Tuesday.
Israeli central bank cuts interest rate to 4.5% amid war
Jerusalem, Jan 2 - Amid the ongoing Israel-Hamas war, the country's central bank announced its decision to lower the benchmark interest rate by 0.25 percentage points to the new rate of 4.5 per cent.
China’s BYD gears up to topple Musk’s Tesla as world’s top EV maker
New Delhi, Jan 2 - Chinese automotive giant BYD has moved one step closer to topple Elon Musk-run Tesla as the world’s top EV manufacturer, after the Shenzhen-based company sold a record 526,000 electric vehicles in October-December 2023.
Reserve Bank of India Deputy Governor flags risks of using AI in banking sector
New Delhi, Jan 1 - Reserve Bank of India Deputy Governor M. Rajeshwar Rao on Monday said that development and deployment of AI models in the banking sector need close human supervision commensurate with the risks that can materialise from employing the technology.
Samsung vows to prioritise retaining its technological supremacy
Seoul, Jan 2 - South Korean tech behemoth Samsung Electronics on Tuesday announced its strategic priorities for the new year, emphasizing the strengthening of the company's competitiveness through technological supremacy and adaptability to future changes.
RBI issues new order to help recovery of unclaimed deposits in banks
Mumbai, Jan 1 - The Reserve Bank of India (RBI) has issued fresh instructions to banks to strengthen the ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners or claimants.
Five oil majors to distribute more than $100bn to shareholders
London, Jan 1 - The world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100 million for 2023 against a backdrop of growing public outrage at fossil fuel profits, a media report said.
RBI to auction govt bonds worth Rs 34,000 crore on Jan 5
New Delhi, Jan 1 - The Finance Ministry on Monday announced the sale of Government bonds valued at Rs 34,000 crore through an auction to be conducted by the Reserve Bank of India (RBI) on Friday, January 5.