Jan 11, 2024, at 03:45 am
Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the world's single-biggest steel manufacturing factory at Hazira in Gujarat.
Mercedes-Benz unveils new AI-based virtual assistant for cars
Jan 11, 2024, at 12:04 am
Auto major Mercedes-Benz is showcasing a raft of developments that define its vision for the hyper-personalised user experience of the future – in-car and beyond. Headlining those is the new, integrated MBUX Virtual Assistant.
Sensex surges 271 pts to close at 71,657.7
Jan 10, 2024, at 10:00 pm
The BSE Sensex on Wednesday rallied 271.50 pts to close at 71,657.71 as buying was seen in BSE services and consumer durable stocks despite a weak Asian market.
Shyam Metalics and Energy Limited raises Rs. 1,385 crores through QIP
Jan 10, 2024, at 08:37 pm
Shyam Metalics and Energy Limited (SMEL), a prominent integrated metal-producing company based in Kolkata, is pleased to announce the successful completion of its fundraise of Rs. 1,385 crores through a Qualified Institutional Placement (QIP) against the total bid amount of Rs. 4055 Crs- representing 3.5 times the issuance.
Mukesh Ambani, Gautam Adani and Tatas line up fresh investments in Gujarat
Jan 10, 2024, at 07:01 pm
Ahmedabad/UNI: Remaining highly bullish on India's growth story, top business leaders Mukesh Ambani, Gautam Adani and N Chandrasekaran committed more investments in Gujarat on Wednesday to further grow their presence in the coastal state.
Jan 10, 2024, at 07:52 am
New Delhi: India's energy output is all set to get a mega boost as state-owned oil explorer ONGC started extraction on January 7 from a deep-sea project at the Krishna-Godavari Basin, with the potential to produce 45,000 barrels per day by May-June of this year.
Starbucks to boost growth in India with 1,000 stores by 2028
Jan 10, 2024, at 06:14 am
Bengaluru: Starbucks has announced plans to expand its presence in India, aiming to operate 1,000 stores in the country by 2028, with the goal of opening a new store every three days, media reports said.
Indian market witnesses slight improvement, Sensex gains 30.99 pts to close at 71,386.21
Jan 09, 2024, at 11:23 pm
The BSE Sensex on Tuesday registered a small gain of 30.99 pts to close at 71,386.21 on the strength of Realty, Power and Auto stocks.
Bloomberg proposes to include Indian bonds in Emerging Market Local Currency Index
Jan 09, 2024, at 08:15 pm
Bloomberg Index Services has proposed to include Indian bonds in the Emerging Market Local Currency Index, media reports said.
Boeing shares dip by 9% after 737 Max door blowout incident mid-air
Jan 09, 2024, at 05:07 am
Following the U.S. aviation regulator's temporary grounding of some of its best-selling 737 MAX jets, Boeing shares plunged 8.6% in early U.S. trade on Monday, wiping off about $13 billion in market value, according to Reuters.
Indian market experiences Monday blues after Sensex tanks 670.83 pts
Jan 08, 2024, at 11:36 pm
Snapping a winning streak of the last two sessions, the BSE Sensex on Monday dropped 670.83 pts to settle at 71,355.24 as selling was witnessed in FMCG, Metal, Bankex and Financial Services stocks.
Narendra Modi government's Interim Budget likely to set nominal GDP growth at 10-10.5 pct
Jan 08, 2024, at 11:30 pm
The Indian government will present its interim budget on Feb 1, just months before the country is expected to vote in the Lok Sabha polls this year.
As India surges ahead in digital payments, US plays catch-up
Jan 08, 2024, at 11:18 pm
Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for years now, and has come to know his customers’ personalities, mannerisms – and preferred forms of payment.
Tata Punch EV prices leaked from website ahead of launch: Company calls it technical glitch
Jan 08, 2024, at 02:33 am
Mumbai: The prices of Punch.ev have apparently leaked from Tata’s booking portal, according to many buyers who booked Punch EV, a report said.
Zomato delivery agents tipped Rs 97 lakhs by customers this New Year
Jan 07, 2024, at 08:18 pm
Mumbai: This New Year's Eve, apart from the restaurants, bakeries and other food joints, those delivering food from these establishments to the doorstep of the customers also benefited from the celebrations as people decided to make generous tips to delivery executives.
Vietnamese EV major VinFast plans to invest USD 2 billion in Tamil Nadu
Jan 07, 2024, at 07:47 pm
Vietnamese EV manufacturer VinFast and the Tamil Nadu government in southern India have inked a Memorandum of Understanding (MoU) to charge the development of green transportation in India.
India's forex reserve touches the highest level in 21 months
Jan 06, 2024, at 11:22 pm
India's foreign exchange reserves rose from $2.759 billion to $623.20 billion in the week which ended on December 29.
REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects
Jan 06, 2024, at 08:28 am
New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, signed a Memorandum of Understanding (MoU) with public sector lender Bank of Baroda, on Friday.
Volvo Car India reports 31% YoY sales growth in 2023
Jan 06, 2024, at 08:24 am
Kolkata: Volvo Car India registered a 31% increase in overall sales compared to the previous fiscal year, according to a press release on Friday.
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand
Jan 06, 2024, at 08:22 am
Kolkata: Shree Cement Limited has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand, a press release said.
Govt projects FY24 GDP growth at 7.3%
Jan 06, 2024, at 07:42 am
New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.
Tata Motors introduces first EV architecture 'acti.ev'
Jan 06, 2024, at 06:13 am
Mumbai: Tata Passenger Electric Mobility (TPEM) Friday introduced its first EV architecture named ‘acti.ev’ meant to underpin future products from the TPEM portfolio.
India taking measures to secure merchant ships amid rise in attacks in the Red Sea region: Report
Jan 06, 2024, at 05:50 am
New Delhi: Amid the recent surge in attacks in the Red Sea region, a senior government official on Friday said that the Indian government is ensuring the security of shipments on the open seas, a media report said.
Jan 06, 2024, at 05:11 am
Mumbai: Tata Steel India on Friday said that its crude steel production reached 5.32 million tons, up 6% on QoQ as well as YoY basis.
Gautam Adani beats Mukesh Ambani as the richest Indian within a year of Hindenburg allegations
Jan 06, 2024, at 04:42 am
Mumbai: Adani Group Chairman Gautam Adani is back at the top of the list of richest Indians, surpassing Reliance Industries Chairman Mukesh Ambani, media reports said.
Narayan Murthy backs his '70-hour work per week' stance despite flak
Jan 05, 2024, at 06:21 pm
Mumbai/IBNS: Infosys co-founder Narayan Murthy has backed his own statement where he advocated work for 70 hours per week, snubbing the backlash which he received from some quarters.
India's services PMI rises to 59.0 in December from 56.9 in November
Jan 05, 2024, at 05:50 pm
New Delhi/UNI: India's services activities continued growth momentum and picked up in December 2023 on the back of new businesses and strong demand.
Vietnamese company VinFast to make EV batteries in India
Jan 05, 2024, at 05:13 am
Chennai: Vietnamese electric vehicle manufacturer VinFast is preparing to open its first manufacturing facility in India to produce batteries, media reported.
Jan 05, 2024, at 04:36 am
The Indian Toy industry witnessed remarkable growth in FY 2022-23 in comparison to FY 2014-15, with a decline in imports by 52%, a rise in exports by 239% and a development of the overall quality of the Toys available in the domestic market.
HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration
Jan 05, 2024, at 04:31 am
Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.