Amazon to layoff 18,000 employees amid weak online sales growth
Jan 19, 2023, at 07:48 am
Amazon.com, struggling with a dip in online sales growth and prepping up for a possible recession, is likely to trim its workforce further, media reports said.
India's GDP will hit $26 trillion by 2047, says EY report
Jan 19, 2023, at 07:43 am
The Indian economy is expected to reach the $26 trillion mark while the per capita income is also expected to increase to $15,000, catapulting the country to the realm of developed economies by 2047, the 100th year of the country’s independence, according to an EY report, said media reports
Jan 19, 2023, at 05:12 am
New Delhi/IBNS: The Directorate General of Foreign Trade (DGFT) has notified the amended rules for the calculation of composition fees for extending export obligation under the advance authorization scheme, the Ministry of Commerce and Industry said on Wednesday.
Centre issues allocation orders for 3 coal mines to successful bidders
Jan 19, 2023, at 04:53 am
New Delhi/IBNS: The Centre issued allocation orders to successful bidders for three coal mines that were put on sale for commercial coal mining, the Ministry of Coal said on Tuesday.
Coal Ministry targets 1 Billion Ton production in 2023-24
Jan 19, 2023, at 04:25 am
New Delhi/IBNS: The Ministry of Coal Wednesday said it has set a target to produce more than 1 billion ton (BT) coal during the year 2023-24.
GoMechanic to lay off 70 pc staff after founders admit accounting irregularities
Jan 19, 2023, at 03:31 am
Sequoia-backed car repair startup GoMechanic is going to lay off 70 percent staff after founder Amit Bhasin admitted to financial reporting errors, adding that the cash-strapped company will also have its accounts audited by a third party.
Adani Enterprises files Rs 20,000 cr follow-on public offer
Jan 19, 2023, at 02:44 am
Mumbai: Gautam Adani led Adani Enterprises on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO).
Over 1.7 billion products shipped across 1200 cities of India in CY 2022 on udaan
Jan 19, 2023, at 12:16 am
Kolkata: Udaan, India’s largest business-to-business (B2B) eCommerce platform, on Wednesday announced that over 1.7 billion products catering to over 22 million orders were shipped in CY 2022.
HOP Electric launches Hop Leo priced below 1 Lac
Jan 18, 2023, at 10:40 pm
New Delhi India’s leading electric two-wheeler manufacturer, HOP Electric,on Wednesday launched the High-Speed variant of its best-selling electric scooter, HOP LEO.
Titan Eye+ announces end-of-season sale
Jan 18, 2023, at 10:38 pm
Bengaluru: Titan Eye+ has recently announced 50% off on its select range of frames and sunglasses and the offer will be valid till 31st January.
South Indian Bank enters into MoU with Steel Authority of India Limited for financing dealers
Jan 18, 2023, at 10:34 pm
Kolkata: South Indian Bank and Steel Authority of India Limited have signed Memorandum of Understanding to provide financial assistance to the dealers of SAIL across the country.
Jan 18, 2023, at 10:30 pm
Mumbai: The BSE Sensex on Wednesday added another gains of 390.02 pts, breaching 61K level at 61,045.74, following gains in Metal, Capital Goods, Industrials and Telecommunications stocks.
Royal Enfield launches The New Super Meteor 650
Jan 18, 2023, at 10:28 pm
Kolkata: Injecting a new level of character, style and accessibility into the cruiser category, Royal Enfield showcased the gorgeous new Super Meteor 650 at EICMA in November 2022, and then displayed the motorcycle in all its colourways at the brand’s annual motorcycling festival - Rider Mania.
Airtel 5G Plus now live in five cities of Delhi-NCR
Jan 18, 2023, at 06:37 pm
Kolkata/UNI: Bharti Airtel (Airtel) on Wednesday announced the launch of its cutting edge 5G services in NCR (national capital region) cities of Noida, Ghaziabad and Faridabad.
Jan 18, 2023, at 07:40 am
Former RBI governor Raghuram Rajan said on Tuesday it’s still too early to say that India will influence global economic growth, pushing China down the ladder, a media report said.
Women from tier 2 cities and beyond dominating the job market: Report
Jan 18, 2023, at 06:38 am
New Delhi: In the year 2022, jobs and professional networking platform, apna witnessed more than 31 million professional conversations among women from Tier 1, Tier 2, and beyond cities with an overall 36% YoY increase in women users on the platform.
Jan 18, 2023, at 06:15 am
Mumbai/IBNS: The Government will face stiff challenges in the Budget FY24 to stick to the road map for fiscal consolidation, amidst a global environment of declining inflation, according to a report by SBI’s Group Chief Economic Adviser.
India likely to manufacture 50 pc of all iPhones produced globally by 2027: Report
Jan 18, 2023, at 05:41 am
Beijing/New Delhi: India is expected to assemble 50 percent of all the iPhones manufactured by 2027, a big leap from its current share of less than 5 percent, to be at par with the scale of production in mainland China, according to media reports.
Jan 18, 2023, at 04:59 am
Mumbai/IBNS: Nearly three quarters (78%) of India CEOs believe global economic growth will decline over the next 12 months, according to PwC’s 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories, including 68 from India between October and November 2022.
'A major risk looming large': RBI warns against Old Pension Scheme
Jan 18, 2023, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) has cautioned states against Old Pension Scheme, saying that it would strain state finances in the future.
Kotak General Insurance partners with Clootrack to enhance customer centricity
Jan 18, 2023, at 12:33 am
Kolkata: Kotak Mahindra General Insurance Company has announced its tie-up with Clootrack, a start-up providing real-time analytics, to enhance and focus on customer centricity.
Tata Steel sets up Centre for Innovation in Mobility at IIT Madras Research Park
Jan 18, 2023, at 12:23 am
Chennai: To play a key role in India’s mobility sector, Tata Steel has setup a Centre for Innovation in Mobility (CIM) in Indian Institute of Technology (IIT) Madras Research Park.
Indian Rupee falls 15 paise against USD
Jan 18, 2023, at 12:22 am
Mumbai: The Rupee on Tuesday slipped 15 paise to close at 81.76 against the US Dollar. The slide is likely due to rising demand for US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Bank of India's Q3 Results: Profits move up by 12 percent
Jan 18, 2023, at 12:21 am
Kolkata/New Delhi: State-owned Bank of India posted a rise by 20% sequentially in Net Profit at Rs. 1151 crore in the quarter ended December 31, 2022 (Q3FY23), driven by a steady rise in operating margins 8% sequentially.
Reliance Jio launches True 5G services across 16 cities in seven states
Jan 17, 2023, at 11:58 pm
Hyderabad / Mumbai: Reliance Jio Infocomm Limited, a subsidiary of Jio Platforms Limited, on Tuesday announced the launch of its True 5G services across 16 cities in seven states including in Andhra Pradesh and Telangana.
Indian Market: Sensex jumps 562.75 pts
Jan 17, 2023, at 11:56 pm
Mumbai: The BSE Sensex on Tuesday rallied 562.75 pts to close strong at 60,655.72 on the strength of Capital Goods, Realty, Utilities and Power stocks.
Rays Power Infra successfully commissions 275 MW (DC) Solar PV Project in Bangladesh
Jan 17, 2023, at 10:10 pm
Jaipur / Dhaka: Rays Power Infra on Tuesday announced the commissioning of a 275 MW(DC) grid-connected solar power plant in Sundarganj region of Bangladesh.
Airtel 5G Plus now live in 3 cities of Rajasthan
Jan 17, 2023, at 09:49 pm
Jaipur: Leading telecommunication service provider brand Bharti Airtel on Tuesday announced the launch of its cutting edge 5G services in Jaipur, Udaipur and Kota.
PepsiCo to expand Global Business Service Center in Hyderabad
Jan 17, 2023, at 07:31 pm
Hyderabad/UNI: American Multinational food company PepsiCo on Tuesday announced it is planning to expand its Global Business Service center in Hyderabad of Telangana.
Indian Market: Sensex bounces back by more than 200 points
Jan 17, 2023, at 03:56 pm
Mumbai: The BSE Sensex on Tuesday jumped 277.33 pts at 60,370.30 in opening trade on the strength of Energy, FMCG and Financial services stocks.