Core sector industries post 6.2 per cent growth in April
New Delhi, May 31 - The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.2 per cent growth in April this year compared to the same month of the previous year, according to data released by
India’s fiscal deficit dips below budget estimate to 5.6 per cent of GDP
New Delhi, May 31 - India's fiscal deficit for the financial year ended March 31 worked out to 5.6 per cent of GDP, which is lower than the full-year target of 5.8 per cent, official data released on Friday showed.
Adani Ports signs 30-year pact to operate key terminal at Tanzania’s Dar es Salaam Port
Ahmedabad, May 31 - Adani International Ports Holdings on Friday said it has signed a 30-year concession pact with the Tanzania Ports Authority to operate and manage Container Terminal 2 (CT2) at the Dar es Salaam Port in the eastern African country.
Indian economy clocks robust 7.8 per cent growth in Q4, full-year growth rate surges to 8.2 per cent in 2023-24
New Delhi, May 31 - The Indian economy has clocked a robust GDP growth of 7.8 per cent in the January-March quarter while for the full financial year 2023-24, the growth rate works out to a stellar 8.2 per cent -- up from
Adani Group stocks soar nearly 10 per cent, Jefferies recommends ‘buy’ for 4 Group firms
New Delhi, May 31 - The shares of Adani Group portfolio of companies surged nearly 10 per cent on Friday amid heightened trading activity, as Sensex snapped the losing streak of the last five trading sessions.
RBI warns ARCs against harassing distressed borrowers
Mumbai, May 31 - The RBI has told the top executives of Asset Reconstruction Companies (ARC) that they should not directly or through their recovery agents harass distressed borrowers while recovering overdue loans and play by the rule book.
Sensex rebounds after 5-day slump, metal & banking stocks surge
Mumbai, May 31 - Indian equity benchmark closed in the green on Friday, snapping the losing streak of the last five sessions.
Jefferies goes bullish on Adani Group, recommends ‘Buy’ for 4 Group companies
New Delhi, May 31 - A new Jefferies report has recommended ‘Buy’ on Adani Enterprises, Adani Ports, Adani Energy Solutions, and Ambuja Cements, as Adani Group clocked an impressive 40 per cent EBITDA growth (YoY) in FY24.
DGCA slaps show cause notice on Air India for flight delays, passenger discomfort
New Delhi, May 31 - The Directorate General of Civil Aviation (DGCA) on Friday issued a show cause notice to Air India after its two flights were delayed and passengers were put to discomfort due to insufficient cooling in the aircraft.
RBI shifts 100 tonnes of gold from vaults in UK to India
New Delhi, May 31 - The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the UK to its own vaults in India in a move aimed at saving storage costs, according to media
Emerging markets to push growth of 5G smartphones amid saturation in developed markets
New Delhi, May 31 - The share of 5G smartphones will increase exponentially in the years to come, registering another year of double-digit growth in 2025 (more than 13.2 per cent), a report has shown.
Zomato shares slide over report claiming 50 pc decline in its stock amid competition
New Delhi, May 31 - Online food aggregator Zomato saw its shares sliding on Friday after global financial services company Macquarie forecasted about a 50 per cent decline in the company's share price in the next 12 months owing to fierce competition.
Improve operation system, stop service outages: Science ministry tells Kakao
Seoul, May 31 - The science ministry said on Friday it has ordered Kakao, the operator of the country's top mobile messenger KakaoTalk, to rectify its operation system to improve the stability of its service following recent disruptions.
DIIs bullish on stock market, invested over Rs 2 lakh crore to date in 2024
Mumbai, May 31 - The Domestic Institutional Investors (DIIs) are bullish on the Indian stock market and have poured over Rs 2 lakh crore so far this year.
Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies
New Delhi, May 31 - The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown.
Banks have recovered Rs 10 lakh crore bad loans during 2014-23: FM Nirmala Sitharaman
New Delhi, May 31 - Finance Minister Nirmala Sitharaman said on Friday that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
Sensex jumps over 400 points, L&T, M&M top gainers
Mumbai, May 31 - Indian equity indices snapped their five-day fall and opened higher on Friday following an over five per cent fall in the Indian Volatility Index (India VIX).
Centre introduces separate mobile numbering series for service, transactional voice calls
New Delhi, May 30 - The Centre on Thursday introduced a new numbering series, 160xxxxxxx, for making service or transactional calls, to help citizens easily identify legitimate calls and curb unsolicited voice calls from telemarketers using 10-digit mobile numbers.
Apollo Hospitals clocks 77 per cent jump in Q4 net profit, declares dividend of Rs 10 per share
New Delhi, May 30 - Healthcare chain Apollo Hospitals Enterprise on Thursday clocked a 77 per cent jump in its consolidated net profit at Rs 258 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 146 crore for
GenAI-based smartphones’ share in global sales rose to 6 pc in Q1: Report
New Delhi, May 30 - Generative artificial intelligence (GenAI)-based smartphones contributed 6 per cent to global smartphone sales in the first quarter (Q1) of 2024, a significant increase from just 1.3 per cent in the previous quarter, a new report showed on Thursday.