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.
Crypto platform WazirX suffers mega cyber breach, loses digital assets worth $234 million
New Delhi, July 18 - India's leading cryptocurrency exchange WazirX on Thursday said it has suffered a massive data security breach, resulting in the alleged transfer of about $234 million worth of digital assets to a different address, as crypto exchanges continue to
Rural consumption stocks will benefit from Budget 2024: Expert
New Delhi, July 18 - The bull market scenario in Indian equity indices is going to end soon, said Chris Wood, Global Equity Strategist at Jefferies in a media report.
Australia’s unemployment rate rises to 4.1 per cent
Canberra, July 18 - Australia's unemployment rate rose slightly to 4.1 per cent in June from 4 per cent in May, official labour force figures published by the Australian Bureau of Statistics (ABS) showed on Thursday.
Indian realty sector saw 22 deals worth $1.8 billion in April-June: Report
New Delhi, July 18 - The Indian realty sector saw 22 deals at $1.8 billion in the April-June quarter (Q2) in FY25, an uptick in both volume and value signalling a substantial inflow of investment into the sector, a report showed on Thursday.
Union Budget: Electronics players seek comprehensive support for local TV manufacturing
New Delhi, July 18 - Electronics manufacturers on Thursday urged the government to prioritise comprehensive support for the local manufacturing of electronics, including the television industry, on the lines of mobile devices.
LIC shares surge nearly 80 per cent in one year
Mumbai, July 18 - India's largest insurance company, LIC's shares railed 78 per cent over the last one year, following strong operational performance or positive sentiment for PSU shares among the investors.
Union Budget: Experts for boosting digital health infra, higher GDP allocation
New Delhi, July 18 - Higher GDP allocation for healthcare and advances in digital health infrastructure is imperative, said experts ahead of the Union Budget.
GDP to grow at 7 pc for FY25, budget to focus on taxation reforms, new jobs: FICCI report
New Delhi, July 18 -Leading industry chamber FICCI on Thursday projected an annual median GDP growth forecast for the year 2024-25 at 7 per cent, adding that Union Budget 2024-25 should focus on taxation reforms, employment generation, innovation and sustainable development.
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel
New Delhi, July 18 - The consumption of natural gas in India went up 7.1 per cent in June to 5,594 million metric standard cubic metres (MMSCM), this year compared to the same month last year, as more households across the country are
Sanofi Healthcare to invest Rs 3,600 crore in Hyderabad GCC by 2030
New Delhi, July 18 - French drug major Sanofi Healthcare India has announced plans to make an investment of about Rs 3,600 crore (400 million euros) in its Global Capacity Centre (GCC) in Hyderabad over the next six years.