Infosys accuses Cognizant of unethical poaching
Bengaluru, Dec 27 - Bengaluru-based tech giant Infosys has accused major rival tech company Cognizant of unethical poaching tactics and also sent an official letter in this regard, sources said on Wednesday.
912 cr merchant transactions on Paytm in Q2FY24; Delhi makes most payments from 12-6 a.m.
New Delhi, Dec 27 - One97 Communications Limited (OCL), which owns Paytm, said on Wednesday that a whopping 912 crore merchant payments were made using the leading financial and payments provider in the second quarter (Q2) of FY24.
Apple resumes Watch Series 9, Ultra 2 sales after US ban halted
San Francisco, Dec 28 - Apple has resumed the sale of Watch Series 9 and Ultra 2 at some of its retail stores in the US, after an appeals court paused the ban on the devices amid an ongoing patent dispute case.
RBI approves C.S. Rajan as part-time Chairman of Kotak Mahindra Bank
Mumbai, Dec 27 - Kotak Mahindra Bank said on Wednesday that the RBI has approved the appointment of C.S. Rajan, Independent Director of the bank, as the Part-time Chairman, for a period of two years with effect from January 1, 2024.
Govt hikes MSP for copra
New Delhi, Dec 27 - The government has hiked the minimum support price (MSP) of milling copra by Rs 300 per quintal and ball copra by Rs 250 per quintal for the 2024 season, according to an official statement on Wednesday.
CCEA okays Rs 2,487cr highway project for Tripura
New Delhi, Dec 27 - The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval for a Rs 2,486.78 crore project to widen and improve to two-lane the 135 km road from Khowai to to Harina
Indians travel 64 mn kms in Uber EVs in 2023, Saturdays most popular
New Delhi, Dec 27 - Indians travelled 64 million kms in Uber EVs through the year, spending a total of 3.9 million hours and helping build a greener future, the ride-hailing platform said on Wednesday.
59% of Indian employees say ready to embrace AI: Report
New Delhi, Dec 27 - Around 59 per cent of employees in India are confident in their ability to adapt and utilise artificial intelligence (AI) tools, indicating that there is likely to be widespread acceptance of AI at work next year, a report
Nifty, Sensex soar to record highs as global markets rally
Mumbai, Dec 27 - The benchmark indices soared to record highs on Wednesday with the Sensex up almost 1 per cent, or 701 points, at 72,038.43, and Nifty hitting a new high of 21,654.75, registering an increase of 1 per sent or 213
Bulls back with a bang, Sensex tops 72K-mark for first time
Mumbai, Dec 27 - With a massive rally of 701 points, Sensex soared to new highs by crossing the 72,000 points mark for the first time on Wednesday.
Centre directs social media subsidiaries to ban ads of illegal betting, loan apps
New Delhi, Dec 27 - The Centre on Wednesday said that it has directed social media subsidiaries and online platforms to actively prohibit and remove illegal loan and betting apps under the existing IT Rules.
Four directors of Dish TV vacate as appointment not approved by shareholders
New Delhi, Dec 27 (IANS) Dish TV announced last week that on the basis of the votes cast by the shareholders of the company at their Extra Ordinary General Meeting held on December 22, four directors of the company have vacated their offices.
Reschedule or cancel tickets at no extra cost, says Air India amid dense fog & poor visibility
New Delhi, Dec 27 - Tata owned Air India on Wednesday announced that passengers flying to and from Delhi airport during the winter season will be allowed to reschedule or cancel their bookings at no extra cost if their flight is likely to
IPO-bound FirstCry’s losses surge to Rs 486 cr in FY23, revenue at Rs 5,632 cr
New Delhi, Dec 27 - Mother and child care e-commerce platform FirstCry, likely to file a draft paper for its IPO soon, reported Rs 5,632 crore revenue from operations in FY23, while its losses surged over six times to Rs 486 crore from
SBI hikes interest rates on FDs
New Delhi, Dec 27 - The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 0.5 per cent with immediate effect.
Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024
New Delhi, Dec 27 - The Indian IT sector, which has seen contraction in hiring amid global economic slowdown and funding winter, is likely to witness a positive turnaround with 8-10 per cent increase in hiring in 2024, a new report showed on
Wipro files law suit against ex-CFO in B’luru court, Jatin Dalal seeks arbitration
Bengaluru, Dec 27 - The Bengaluru-based corporate giant Wipro has filed a lawsuit against its former Chief Finance Officer (CFO), Jatin Dalal, in the Bengaluru Civil Court. In turn, Dalal, presently with Cognizant as CFO, has submitted an application to the court requesting
Hindalco leads rally in metal stocks
New Delhi, Dec 27 - Metal stocks are up in trade on Wednesday led by Hindalco which gained more than 3 per cent.
RBI comes out with draft to simplify licensing norms for money changers
Mumbai, Dec 27 - The Reserve Bank of India (RBI) has come out with a set of new draft norms aimed to simplify and rationalise the authorisation of money changers for facilitating foreign exchange-related services.
Adani Green completes JV with TotalEnergies, raises USD 300 mn
New Delhi, Dec 27 - Adani Green Energy Limited (AGEL) on Wednesday announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies.