January 18, 2025 02:23 am (IST)
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Cabinet's decision on 8th Pay Commission will improve quality of life, give boost to consumption: PM Modi | 'It has been an incredibly challenging day': Kareena Kapoor Khan requests privacy after Saif Ali Khan's stabbing incident | 'Distorting history': Mamata slams Mohan Bhagwat over his Ram Temple consecration 'marking true independence' remark | Saif Ali Khan stabbing incident: Actor who received six wounds is out of danger, one accused identified | ISRO creates history docking two Indian satellites in space | US-based short seller Hindenburg Research that targeted Adani Group and SEBI chairperson to be disbanded | Saif Ali Khan stabbed during burglary attempt at home, hospitalised; police probe on | Israel, Hamas reach ceasefire agreement to end 15-month-long war in Gaza | 'Ugly truth exposed': BJP slams Rahul Gandhi over his 'Opposition fighting Indian state' remark | We have a deal for hostages in Middle East: Donald Trump takes credit for Israel, Hamas ceasefire agreement

Union Cabinet approves Rs 11,440 cr revival package for Vizag Steel

Jan 17, 2025, at 10:43 pm

New Delhi: The Union Cabinet has approved a Rs 11,440 crore package to revive the debt-laden Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, the government announced on Friday.

IMF retains India’s FY26-27 growth forecast at 6.5%, highlights global risks and opportunities

Jan 17, 2025, at 09:58 pm

New Delhi: The International Monetary Fund (IMF) maintained its growth forecast for India on Friday at 6.5% for FY26 and FY27, stating that this projection aligns with the country's potential.

Coal India trims FY25 production target to 806-810 MT, focuses on 4-5% growth

Jan 17, 2025, at 05:58 pm

Kolkata: Coal India Ltd (CIL) has revised its production target for the current fiscal to a realistic range of 806-810 million tonnes (MT), down from the earlier goal of 838 MT, according to company Chairman PM Prasad.

Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore; FY25 IT services outlook improved

Jan 17, 2025, at 05:38 pm

Bengaluru: Wipro Ltd reported a 4.5% quarter-on-quarter (QoQ) increase in net profit to Rs 3,354 crore for the October-December 2024 quarter, surpassing market expectations.

India’s fiscal deficit to narrow as tax revenues grow: World Bank

Jan 17, 2025, at 05:29 pm

New Delhi: India's fiscal deficit is forecasted to narrow steadily, supported by increasing tax revenues, as per the latest World Bank report.

ED attaches assets worth Rs 440 cr in Delhi, Haryana, and Punjab in Kwality Ltd loan fraud case

Jan 17, 2025, at 04:49 pm

New Delhi: The Enforcement Directorate (ED) said on Thursday that it has attached assets valued at over Rs 440 crore across Delhi, Haryana, and Punjab in connection with an alleged bank loan fraud and money laundering case involving former promoters of Kwality Ltd, The Economic Times reported.

E-Vitara: Indian car major Maruti Suzuki unveils maiden electric vehicle with 500 kms range

Jan 17, 2025, at 04:18 pm

Indian carmaker Maruti Suzuki on Friday unveiled its maiden electric vehicle e-Vitara at the ongoing Bharat Mobility Global Expo 2025 in New Delhi.

Reliance Industries reports 7% YoY rise in Q3 net profit

Jan 16, 2025, at 11:27 pm

Mumbai: Reliance Industries (Ltd) on Thursday reported 7% year-on-year (YoY) growth in its consolidated net profit at Rs 18,540 crore for the third quarter. Revenues from operations increased 7% YoY to Rs 2.43 lakh crore.

AI Call Centers: Best Use Cases and Insights from Simply Contact

Jan 16, 2025, at 03:48 pm

The global integration of Artificial Intelligence (AI) has given a major push for the call center industry’s massive smart transformation. AI tech now equips call centers with tools to automate routines, make customer experiences more in-depth and intuitive, and drive agent productivity.

RBI to conduct daily VRR auctions to address banking system liquidity deficit

Jan 16, 2025, at 03:05 pm

Mumbai: India’s central bank announced on Wednesday that it will conduct variable rate repo (VRR) auctions on all working days until further notice to ease liquidity constraints in the banking system, Reuters reported.

Govt to develop AI-powered platform for trade data analytics

Jan 16, 2025, at 01:47 pm

New Delhi: The government is advancing efforts to develop an AI-driven data analytics platform to enhance trade data insights, said Commerce Secretary Sunil Barthwal, according to media reports.

HDFC Life reports 15% rise in Q3 net profit to Rs 421.31 cr

Jan 15, 2025, at 08:02 pm

Mumbai: HDFC Life Insurance Company reported a 15% growth in consolidated net profit for the December quarter (Q3FY25), reaching Rs 421.31 crore, compared to Rs 367.54 crore in the same period last year.

Bank of Baroda raises Rs 5,000 cr via infra bonds at 7.23%

Jan 15, 2025, at 07:52 pm

Mumbai: State-owned Bank of Baroda (BoB) has successfully raised Rs 5,000 crore through ten-year infrastructure bonds at a coupon rate of 7.23%, media reported.

L&T Technology Services Q3FY25 profit dips 4.1% YoY; revenue climbs 9.5%, driven by strong deal bookings

Jan 15, 2025, at 07:20 pm

Mumbai: L&T Technology Services (LTTS) posted a net profit of Rs 322.4 crore for the third quarter of FY25 (Q3FY25), marking a 4.1% decline year-on-year (YoY), media reports said.

Benefits of using a Personal loan for marriage expenses

Jan 15, 2025, at 06:28 pm

Weddings are often a once-in-a-lifetime event that requires substantial financial planning. Whether it’s the venue, food, outfits, or decorations, expenses can quickly add up. In such situations, opting for a personal loan can be a wise decision, especially when it comes to managing marriage expenses. A personal loan can ease the financial burden, allowing you to enjoy your special day without worrying about immediate payments.

Indian IT firms face rising wage bills as demand for skilled professionals grows

Jan 15, 2025, at 04:37 pm

New Delhi: As Indian IT companies experience higher revenue productivity amid slower workforce expansion, HCLTech CEO C Vijayakumar has underscored the sustained demand for skilled professionals, which will contribute to escalating wage costs, media reports said.

Schneider Electric to automate India’s largest water treatment plant in Mumbai

Jan 15, 2025, at 04:17 pm

Mumbai: Schneider Electric, a global leader in energy management and automation, has secured the contract to automate India’s largest water treatment facility, located in Bhandup, Mumbai.

Adani Group in advanced talks to acquire Emaar India for up to Rs 5,000 cr

Jan 15, 2025, at 03:54 pm

Mumbai: The Adani Group is reportedly in advanced discussions with Dubai-based Emaar Properties to acquire a majority stake in its Indian subsidiary, Emaar India, for an estimated Rs 4,000-5,000 crore.

Udaan secures NCLT approval for corporate restructuring, eyes IPO by 2026

Jan 14, 2025, at 09:39 pm

New Delhi: Udaan, India’s leading business-to-business (B2B) e-commerce platform, has received approval from the National Company Law Tribunal (NCLT) for its corporate restructuring plan, media reports said.

Rupee rebounds 8 paise to 86.62 against US dollar, recovering from historic low

Jan 14, 2025, at 08:20 pm

New Delhi: The rupee rebounded from its historic low, gaining 8 paise to settle provisionally at 86.62 against the US dollar on Tuesday, as the American currency retreated from record highs, Reuters reported.

Adani group faces DoT scrutiny over delayed 5G rollout and compliance issues

Jan 14, 2025, at 07:33 pm

New Delhi: The Adani Group is reportedly under investigation by the Department of Telecommunications (DoT) for failing to meet its 5G rollout obligations over two years after obtaining a unified telecom licence.

India's WPI inflation rises to 2.37% in December; retail inflation eases to four-month low

Jan 14, 2025, at 07:26 pm

New Delhi: India’s wholesale price index (WPI) inflation climbed to 2.37% in December, up from 1.89% in November, driven by rising prices of manufactured goods and a favourable base effect, according to government data released on Tuesday.

India's December retail inflation eases to four-month low of 5.22 percent

Jan 13, 2025, at 06:37 pm

India's retail inflation eased to touched a four-month low of 5.22 percent in December, from 5.48% in the previous month, as per government data released on Monday.

BSE Sensex crashes 1048 points, Nifty drops by 345

Jan 13, 2025, at 04:43 pm

The BSE Sensex crashed for the fourth consecutive session on Monday by  1048.90 points to end at 76,330.01.

QR code scam in MP’s Khajuraho: Fraudsters target businesses, divert payments

Jan 12, 2025, at 09:54 pm

Bhopal: Several businesses in Madhya Pradesh’s Khajuraho were caught off guard when payments made by customers via QR codes failed to reach their accounts, media reports said.

L&T CEO SN Subrahmanyan, who pushed for 90-hour workweek, has Rs 51 cr pay package

Jan 12, 2025, at 09:28 pm

Mumbai: Larsen & Toubro (L&T) Chairman and Managing Director SN Subrahmanyan, who is at the centre of a controversy over his comments on work-life balance, received a total compensation of Rs 51 crore in the last financial year.

Adar Poonawalla's witty jab adds spark to 90-hour workweek debate

Jan 12, 2025, at 08:03 pm

The ongoing debate about extreme work hours gained a humorous twist, courtesy of Adar Poonawalla, CEO of Serum Institute of India.

Ireda Q3FY25 net profit rises 27% to Rs 425.38 cr; loan disbursements up 41% Y-o-Y

Jan 11, 2025, at 02:19 pm

New Delhi: State-run financier Indian Renewable Energy Development Agency (Ireda) posted a net profit of Rs 425.38 crore for the October-December quarter of FY25, marking a 27% increase from Rs 335.53 crore in the same period last year, as per regulatory filings.

Rupee hits historic low of 85.97 against USD, marks tenth weekly loss

Jan 10, 2025, at 09:36 pm

Mumbai: The rupee plummeted to an unprecedented low of 85.97 against the US dollar on Friday, surpassing its previous record of 85.9325 set just a day earlier, media reports said.

Wadia family settles SEBI disclosure violation case for Rs 2.13 cr

Jan 10, 2025, at 09:03 pm

Mumbai: The Wadia family, which runs the Wadia Group of companies,  and entities linked to Bombay Burmah Trading Corporation (BBTC) have resolved allegations of delayed shareholding disclosure violations with the Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs 2.13 crore, media reports said.

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