Sensex trades lower amid profit booking in largecaps
Mumbai, July 5 - India equity indices opened in the red on Friday following profit booking in largecap stocks.
South Korean regulator asks Chinese e-commerce platforms’ for business data
Seoul, July 5 - The regulator said on Friday it will ask major e-commerce platforms operating in South Korea, including China's AliExpress and Temu, to submit data on their businesses for market analysis.
Govt keen on big push to drones for empowering rural women, farmers: Piyush Goyal
New Delhi, July 4 - Union Minister of Commerce and Industry Piyush Goyal said on Thursday that the development of the drone ecosystem and deploying them in villages across the nation aligns with Prime Minister Narendra Modi’s ‘NAMO Drone Didi’ initiative that will
MOIL records 14.5 pc jump in sales for April-June quarter
New Delhi, July 4 - Public sector miniratna mining company MOIL has recorded a 14.5 per cent jump in sales in the April-June quarter of 2024-25.
Govt to roll out new ship building policy soon, aims to put India in top 10 list
New Delhi, July 4 -: The Government will come up with a new Ship Building and Ship Repair Policy soon under the 100-day action plan with the aim of taking India into the ranks of the top 10 countries in the sector by
RBI shuts Banaras Merchantile Co-op Bank citing inadequate capital, earning prospects
Mumbai, June 4 - The Reserve Bank of India (RBI) has cancelled the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi.
Raymond’s board okays demerger of real estate business
Mumbai, July 4 - Textiles and apparel major Raymond Ltd announced on Thursday that its board has approved the demerger of its real estate business, Raymond Realty Ltd.
Adani Vizhinjam Port to receive first mothership on July 12
Thiruvananthapuram, July 4 - With the completion of the first phase of the country’s first exclusive trans-shipment port, the Adani Group's Vizhinjam Port located near the famed Kovalam beach in Kerala is all set to receive its first mothership on July 12, a
Ixigo’s profit more than doubled at Rs 73 crore in FY24
New Delhi, July 4 - Le Travenues Technology Ltd, which owns online travel aggregator Ixigo, on Thursday said revenue from operations grew by 30.8 per cent (year-on-year) in FY24 to Rs 655.9 crore from Rs 501.3 crore in FY23, as profit after tax
India gives the voice to Global South on AI global forums
New Delhi, July 5 - India has set the global discourse by emphasising the intent of the government to democratise artificial intelligence (AI) and make it accessible to all.
Iran urges SCO countries to use its southern ports for faster and cheaper trade
Tehran, July 4 - Iran's Acting President Mohammad Mokhber on Thursday urged the Shanghai Cooperation Organisation (SCO) member states to use the country's southern ports in the North-South Corridor for faster and cheaper trade with the world.
Samsung sets up development team for high bandwidth memory chips
Seoul, July 4 - Samsung Electronics, the world's largest memory chipmaker, has newly set up a unit dedicated to developing high bandwidth memory (HBM) in a bid to regain the leadership in the artificial intelligence (AI) semiconductor market, industry sources said on Thursday.
5 Indian institutions receive grants under Australia-India Strategic Research Fund
New Delhi, July 4 - The government on Thursday announced successful grants under the Australia-India Strategic Research Fund (AISRF) to five Indian organisations for their projects in emerging technologies.
Zomato relaunches ‘Intercity Legends’ service with minimum order value of Rs 5K
New Delhi, July 4 - Online food delivery platform Zomato has relaunched its 'Intercity Legends' service with a minimum order value of Rs 5,000.
Govt slashes licence fee for women entrepreneurs, MSMEs in petroleum & explosives ventures
New Delhi, July 4 - Union Minister of Commerce and Industry, Piyush Goyal, has announced 80 per cent concession for women entrepreneurs and 50 per cent for MSMEs in fees for licences granted by the Petroleum and Explosives Safety Organisation (PESO), according to
Global Capability Centres record 48 pc rise in transaction volumes in India in H1 2024
Mumbai, July 4 - With improving business sentiments in India, Global Capability Centres (GCCs) recorded an increase of 48 per cent in transaction volumes from 6.6 million square feet in the first half of last year to 9.8 million square feet in H1
IIT-Madras partners with industry players to offer employability-focussed programmes
New Delhi, July 4 - The Indian Institute of Technology (IIT) Madras on Thursday said that it has partnered with multiple industries to offer employability-focussed programmes on ‘SWAYAM Plus’.
Sensex closes above 80,000 for first time, Nifty at 24,302
Mumbai, July 4 - Indian equity indices closed with marginal gains on Thursday following a volatile session. Sensex and Nifty made a new all-time high of 80,392 and 24,401 respectively, but the markets were unable to hold onto the higher levels as the
India sees highest-ever office space transactions with 33 pc growth in Jan-June period
Mumbai, July 4 - India’s office market clocked the highest-ever transaction volume in the January-June period this year at 34.7 million square feet across the top eight cities, a report showed on Thursday.
Put mechanisms in place to prevent market abuse, fraud: SEBI tells stock brokers
Mumbai, July 4 - In another bid to instill investors’ confidence in the stock markets, the Securities and Exchange Board of India (SEBI) on Thursday asked brokers to have a proper mechanism to prevent and detect market abuse as well as fraud.