Microsoft experiences outage worldwide, netizens react
New Delhi, July 19 - US tech giant Microsoft on Friday experienced a significant outage, affecting its services for users across many countries including India, the US, Japan, and Australia.
Forex inflows from NRIs surge 4-fold to $2.7 bn in April-May
Mumbai, July 19 - The money from Indians working overseas that come into NRI deposits of banks surged more than 4-fold to $2.7 billion in April-May this year compared to $0.6 billion in the same period last year, strengthening the country’s foreign exchange
Retail sales surge in India amid high disposable incomes, rising consumption
New Delhi, July 19 - As household consumption expenditure on goods and services surged with rising disposable incomes, the country saw a significant 5 per cent growth in retail sales in the month of June.
Sensex, Nifty trade lower on weak global cues
Mumbai, July 19 - Indian equity indices opened in the red on Friday following weak global cues from Asian peers.
India must tap GVCs for next wave of electronics manufacturing growth: Industry
New Delhi, July 19 - Industry leaders on Friday said that the country must seize the opportunity to create a conducive environment for Global Value Chains (GVCs) to thrive, in order to build a large-scale and globally competitive electronics manufacturing industry.
NITI Aayog sets $500 bn target for electronics manufacturing to create 6 million jobs by 2030
New Delhi, July 18 - India's goal of becoming the third-largest global economy necessitates a more ambitious vision for its technology-driven sectors to achieve a USD 500 billion target in electronics manufacturing by FY 2030 which would create as many as 6 million
CEAT Ltd clocks 7 pc rise in Q1 net profit at Rs 154 crore
New Delhi, July 18 - Tyre manufacturer CEAT Ltd on Thursday reported a consolidated net profit to Rs 154.2 crore for the April-June quarter of 2024-25 which represents a 7 per cent increase over the corresponding figure of Rs 144.01 crore for the
Infosys’ headcount drops 1,908 in Q1 FY25, plans to hire 20,000 freshers as per growth
Bengaluru, July 18 - IT giant Infosys on Thursday reported a drop in headcount by 1,908 in the April-June quarter of the current fiscal (FY25).
Indian economy shows signs of speeding up as rural demand surges: RBI
Mumbai, July 18 - The second quarter (July-September) of 2024-25 has begun with signs of quickening momentum in the Indian economy as an improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots
Vehicles with non-affixed FASTag have to pay double fee at toll plazas: NHAI
New Delhi, July 18 - The Centre said on Thursday that owners of vehicles with non-affixed FASTag on the front windshield will have to shell out double fee at the toll plazas on national highways.
Two coal mines in India now ranked among world’s 5 largest mines
New Delhi, July 18 - Chhattisgarh-based Coal India subsidiary South Eastern Coalfields Limited’s Gevra and Kusmunda coal mines have secured the second and fourth spots, respectively, in the list of the world’s 10 largest coal mines released by WorldAtlas.com.
IT firm Persistent Systems clocks Rs 2,737 cr revenue in Q1 FY25, PAT down QoQ
Pune, July 18 - Digital engineering and enterprise modernisation company Persistent Systems on Friday reported 16 per cent growth in revenue at about Rs 2,737 crore ($328.2 million) for the first quarter of FY25.
Union Budget: Lower Customs duty on import of medical devices, say experts
New Delhi, July 18 - Ahead of the upcoming Union Budget 2024-25, experts on Thursday called on lowering Customs duty on import of global medical devices.
Union Budget: Indian startups seek more emphasis on AI, advanced tech
New Delhi, July 18 - As India AI Mission takes concrete steps towards making the country a global artificial intelligence hub, startups founders on Thursday said increased investment in policies that simplify doing business and empower startups and emerging technologies, such as responsible
L&T Technology Services reports net profit growth, revenue up 7 pc
Mumbai, July 18 - L&T Technology Services Ltd (LTTS) on Thursday reported a net profit of Rs 314 crore for the first quarter of the current fiscal (FY25) ended June 30, marking a nearly 1 per cent year-on-year growth.
Infosys posts 7 per cent increase in q1 net profit at Rs 6,386 crore
New Delhi, July 18 - Infosys on Thursday reported 7.1 per cent increase in net profit at Rs 6,368 crore for the April-June quarter of the current financial year compared to the same period of 2023-24.
Major players see India becoming superpower soon as nation on way to be 3rd largest economy: PM Modi
New Delhi, July 18 - Prime Minister Narendra Modi on Wednesday said India's job market is on the rise and major global players are predicting that India will soon be a superpower.
Indian smartphone market grows modest 1 pc in April-June: Report
New Delhi, July 18 - The Indian smartphone market grew just 1 per cent in the April-June quarter (Q2), totalling 36.4 million units shipped, a report showed on Thursday.
Sensex, Nifty touch all-time record highs amid renewed IT stock buying
Mumbai, July 18 - The Indian benchmark indices on Thursday saw a sharp rally over renewed buying in IT stocks, ending up for the fourth straight session while touching a new all-time high.
Luxury homes worth crores selling like hot cakes in India this year
New Delhi, July 19 - Aligned with the continuous momentum in the real estate industry, the sale of houses costing Rs 4 crore and above went up 27 per cent in the first half of this year.