Companies with turnover over Rs 500 cr in India required to seek CCI approval for mergers
Sep 11, 2024, at 02:47 am
New Delhi: The Competition Commission of India (CCI), on Tuesday, introduced new regulations expanding the scope of companies that must obtain approval for mergers.
Sep 10, 2024, at 11:09 pm
Mumbai: The Mahindra Group has rejected recent allegations of a conflict of interest regarding payments to Dhaval Buch, the husband of SEBI chairperson Madhabi Buch, calling the claims "false and misleading."
'Threat to national security': Congress red flags Adani Group's investment in China
Sep 10, 2024, at 10:40 pm
New Delhi: The Congress party on Tuesday raised concerns over the Adani Group's decision to set up a subsidiary in China for project management services, claiming that this move could endanger India's national security and territorial integrity, media reports said.
Air India Express launches 'Flash Sale' with XPress Lite Fares starting at Rs. 932
Sep 10, 2024, at 09:51 pm
Airlines major Air India Express launches ‘Flash Sale’ with Xpress Lite fares starting from Rs. 932 and zero convenience fee for logged-in members on the airline’s award-winning website, airindiaexpress.com and mobile app.
iPhone production in India expected to account for 25% of global shipments by 2025, says report
Sep 10, 2024, at 09:46 pm
New Delhi/IBNS: Driven by the 'Make in India' initiative and the production-linked incentive (PLI) scheme, Apple's flagship iPhone production in India has increased from under 1 percent in 2017 to 10 percent in 2023, and the American tech giant's goal is to scale up this figure to 25 percent of global shipments by 2025, according to a latest report by global investment firm Jefferies.
Telugu superstar Mahesh Babu's firm invests in Hyderabad-based nutrition brand Fitday
Sep 10, 2024, at 08:31 pm
Hyderabad/IBNS: Hyderabad-based nutrition brand Fitday on Monday (Sept. 9) said it has secured a strategic investment from Telugu superstar Mahesh Babu’s production house, GMB Entertainment.
Elon Musk may become the world's first trillionaire, followed by Gautam Adani, says report
Sep 10, 2024, at 07:22 pm
London/IBNS: Elon Musk, with a net worth of about $237 billion as of September 9, 2024, on the Bloomberg Billionaires Index, is on course to become the world's first trillionaire by 2027, according to a report by Informa Connect Academy.
Sep 10, 2024, at 06:38 pm
Bengaluru/IBNS: American tech giant Apple has started talks with Micron, the Tata Group, and other semiconductor manufacturers setting up plants in India to secure $12 billion worth of chips for its iPhones produced in the country.
India's power generation and transmission sectors expected to grow 2.2 times by FY2030: Report
Sep 09, 2024, at 10:36 pm
New Delhi/IBNS: India's power generation and transmission sectors are set for substantial growth in the coming years, according to a recent report by Jefferies, an American multinational independent investment bank and financial services company.
India, Japan discuss macroeconomic situation during Finance Dialogue
Sep 09, 2024, at 10:02 pm
India and Japanese officials recently exchanged their views on the macroeconomic situation in both countries during their second Finance Dialogue held on September 6.
Boeing offers employees a 25% pay hike in an effort to avoid strike
Sep 09, 2024, at 09:59 pm
Virginia/IBNS: American aerospace company Boeing is offering a 25 percent pay hike for its employees over the next four years in an effort to prevent a strike that could potentially disrupt its assembly lines as early as Friday.
Sep 09, 2024, at 09:45 pm
California/IBNS: In a recently viral throwback interview, Apple CEO Tim Cook clarified common misconceptions about the company's decision to manufacture in China, providing insight into the true reasons behind Apple's reliance on the country.
South Korea summit aims to create 'blueprint' for integrating AI into the military
Sep 09, 2024, at 08:07 pm
Seoul/IBNS: South Korea on Monday (Sept 9) hosted an international summit in its capital Seoul aimed at creating guidelines for the responsible use of artificial intelligence (AI) in military settings.
The rise of Gen AI poses an existential threat to Google
Sep 09, 2024, at 07:10 pm
California: For over twenty years, Google has been the dominant force in the online search market, building a $175 billion business that has become central to the internet experience.
China expands access to its manufacturing, healthcare sectors to foreign investments
Sep 09, 2024, at 06:50 pm
Beijing/IBNS: China is set to open its manufacturing sector completely to foreign investment and is expanding opportunities for foreign capital in its healthcare sector, as part of efforts to stimulate its economy, reports Bloomberg.
Nikkei leads declines in Asia; China's inflation falls short of forecast
Sep 09, 2024, at 05:47 pm
Tokyo/Shanghai/IBNS: Asia-Pacific markets declined on Monday (Sept 9), with Japan’s Nikkei 225 experiencing the sharpest losses in the region, following a weaker-than-expected US jobs report released on Friday (Sept 6).
Bandhan Bank partners with Ashok Leyland for vehicle finance facilities
Sep 09, 2024, at 07:03 am
Kolkata: Bandhan Bank has signed a Memorandum of Understanding (MoU), with Ashok Leyland, one of the leading commercial vehicle manufacturers, to enter into a strategic vehicle financing partnership for its customers.
Hitachi Payment Services unveils India’s first android-based cash recycling machine
Sep 09, 2024, at 06:46 am
Kolkata: Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of India’s first Android-Based Cash Recycling Machine, that functions as a Digital Banking Unit, to provide one-stop services in a modern digital banking environment.
Weak US jobs report paves the way for Federal Reserve interest rate cuts
Sep 08, 2024, at 07:08 am
Washington: U.S. employers slightly increased hiring in August compared to July's sluggish rate, while the unemployment rate fell for the first time since March, suggesting the job market is slowing down but still holding strong, news agency AP reported.
Maharashtra got half of India's FDI in Q1FY25: Devendra Fadnavis shares DPIIT stats on X
Sep 08, 2024, at 07:00 am
Mumbai: Maharashtra has bagged half of India's foreign direct investment (FDI) in the first quarter of the 2024-25 financial year, said Deputy Chief Minister Devendra Fadnavis.
Sep 07, 2024, at 10:58 pm
Mumbai/IBNS: As many as 15 companies are slated to launch their Initial Public Offering (IPO) in September, which is the biggest IPO pipeline in the last 14 years, according to Zee Business.
SpiceJet eyeing growth with aircraft ungrounding, fleet expansion, exclusive destinations: Report
Sep 07, 2024, at 10:54 pm
New Delhi/IBNS: Indian low-cost airline SpiceJet, which is struggling with heavy financial dues, said on Friday (Sept 6) that it expects a 'promising growth' for its operations, helped by a likely ungrounding of aircraft, impending expansion of the aircraft fleet, exclusive access to regional destinations, and also access to international destinations.
Annual report shows Tata Group's aviation business more than halves loss in FY24
Sep 07, 2024, at 10:50 pm
Mumbai/IBNS: Tata Sons FY24 annual report revealed that the Tata Group's aviation business narrowed losses to Rs 6,337 crore from Rs 15,414 crore in the previous fiscal year.
Russia rises gold purchases by 601% to evade sanctions
Sep 07, 2024, at 10:46 pm
Moscow/IBNS: As Western sanctions continue to tighten around Russia, Moscow on Friday (Sept 6) announced that the country will increase its daily gold purchases to 8.2 billion rubles, which represents a 601 percent rise from previous occasions, to bypass financial restrictions and maintain trade with its partners.
Nasdaq ends down 2.6% as US stocks slip after jobs data
Sep 07, 2024, at 10:29 pm
New York/IBNS: New York Stock Exchange's stocks ended decisively lower on Friday (Sept 6) following weaker than expected US jobs growth that pointed to a slowing economy.
Former Samsung executive arrested second time for leaking chip technology to China
Sep 07, 2024, at 05:50 am
Seoul: A South Korean executive, accused of stealing semiconductor technology developed by Samsung Electronics, has been detained again on freshallegations in connection with the theft of chip processing technology, Reuters reported.
India surpasses U.S. as the 2nd largest market for 5G smartphones
Sep 07, 2024, at 05:12 am
New Delhi: India has surpassed the US to become the second-largest market for 5G smartphones, an ET Telecom report said, citing a recent study by Counterpoint Research.
India overtakes US to become second-biggest 5G handset market, shows new research data
Sep 06, 2024, at 11:29 pm
India overtook the US to become the world’s second-biggest 5G handset market for the first time, behind China, a recent research said.
Sep 06, 2024, at 10:48 pm
New Delhi: The Supreme Court of India issued a notice on Friday to former ICICI Bank Managing Director and CEO Chanda Kochhar, and her husband, Deepak Kochhar, in response to a plea by the Central Bureau of Investigation (CBI) challenging a Bombay High Court order that had declared their arrest "illegal", media reports said.
Sep 06, 2024, at 10:16 pm
New Delhi: The Adani Group has reassured Bangladesh of a continuous power supply, even though its outstanding receivables have exceeded $800 million, according to sources cited by Moneycontrol.