IITs witness fall in placement due to hiring slump: Report
Jul 11, 2024, at 03:32 am
New Delhi: Salaries for engineers graduating this year from the Indian Institutes of Technology (IITs) have declined due to a hiring slowdown. According to separate studies by Deloitte and TeamLease, the annual pay for the class of 2024 is now in the range of Rs15-16 lakh, media reported.
JLR retail sales rises 31% YoY to 1,371 units in Q1FY25
Jul 10, 2024, at 11:21 pm
Mumbai: Jaguar Land Rover (JLR) on Wednesday said that its retail sales rose by 31 percent year-on-year to 1,371 units in the first quarter ending June 30, 2024.
Jul 10, 2024, at 11:03 pm
Atlanta/IBNS: Delta Air Lines, one of the major airlines of the United States, and Riyadh Air, a planned second flag carrier of Saudi Arabia, have signed a Strategic Cooperation Memorandum of Understanding with the goal of introducing a broad range of benefits for customers travelling between North America, Saudi Arabia and destinations beyond.
AMFI data shows equity fund inflows jump by 17% in June to over Rs 40,000 cr
Jul 10, 2024, at 10:58 pm
Mumbai/IBNS: The Association of Mutual Funds of India (AMFI), the nodal association of mutual funds across the country, has reported a 17 percent month-on-month (MoM) rise in equity fund inflows.
Jul 10, 2024, at 10:49 pm
New Delhi: Adani Ports received a big relief as the Supreme Court on Wednesday suspended a Gujarat High Court order that directed the state government to reclaim 108 hectares of grazing land granted to the ports company, media reported.
Adani Power shares slightly up after RIL acquires 26% stake in Mahan Energen's unit
Jul 10, 2024, at 10:08 pm
Mumbai/IBNS: The shares of Adani Power were slightly up on Wednesday (July 10), a day after the company's wholly owned subsidiary Mahan Energen Ltd. (MEL) announced that it has entered into a 20-year power purchase deal for 500 MW with Reliance Industries Limited (RIL).
Indian gaming companies want to distance themselves from fantasy sports: Report
Jul 10, 2024, at 08:15 pm
New Delhi/IBNS: The real-money gaming firms and fantasy sports startups have marketed themselves as video gaming companies for over a decade, but a coalition of more than 70 Indian video game firms is urging the government to create a clear distinction between their industries as these businesses face rising regulatory scrutiny, reports TechCrunch.
Latest RBI job data reveals India's employment growth rate accelerates to 6% in FY24
Jul 10, 2024, at 07:18 pm
New Delhi/IBNS: A data released by the Reserve Bank of India (RBI) on Monday (July 8) showed that nearly 4.67 crore new jobs were created in India during the financial year 2023-24 taking the total number of employed persons in the country to 64.33 crore.
MobiKwik gains market share, becomes largest wallet player
Jul 10, 2024, at 06:54 am
Mumbai: MobiKwik, one of India's largest digital financial products and services platforms, has achieved the largest number of PPI Wallet transactions by value for the months of April and May 2024.
Bandhan Bank launches trade products to facilitate global business transactions
Jul 10, 2024, at 06:27 am
Kolkata: Bandhan Bank Tuesday announced that it has launched an array of trade products to facilitate global business transactions.
Jul 10, 2024, at 05:47 am
New Delhi: The government is contemplating to relax the requirement for making payments to MSMEs within 45 days of purchasing goods and services to prevent large corporations from seeking alternative sourcing options, media reported.
India plans $1 billion investment for hydropower projects in Arunachal Pradesh
Jul 10, 2024, at 04:21 am
New Delhi: India is likely to allocate $1 billion to accelerate the construction of 12 hydropower stations in Arunachal Pradesh, a move likely to heighten tensions with China, which claims the region, Reuters reported.
Mutual fund industry sees record growth in June 2024 with AUM reaching Rs 61,15,581.92 cr
Jul 10, 2024, at 01:46 am
The mutual fund industry's net Assets Under Management (AUM) reached Rs 61,15,581.92 crores in June 2024, showing a significant increase from Rs 58,91,160.48 crores in May 2024.
Paytm gets govt panel's approval to receive China-linked investments for its payments arm: Report
Jul 09, 2024, at 10:21 pm
Mumbai: Paytm, which has been struggling after RBI’s operational restrictions on its payments arm Paytm Payment Bank, has received approval from a government panel overseeing China-related investments to inject 500 million rupees ($6 million) into a significant subsidiary, media report.
Indian Market: Sensex slips 36.22 points
Jul 08, 2024, at 10:11 pm
The Indian equity market witnessed a negative trend for the fourth consecutive session on Monday with BSE Sensex slipping 36.22 points to settle at 79,960.38.
Jul 08, 2024, at 07:17 am
New Delhi: Pursuing its commitment to achieve net zero emissions by 2070, India is gradually transitioning away from fossil fuels and embracing renewable energy sources.
Jul 08, 2024, at 03:17 am
Mumbai: US-based short seller Hindenburg Research shared an early access copy of its report against the Adani Group of companies with New York-based hedge fund manager Mark Kingdon, two months before its publication, allowing realisation of profits from the share price movement, according to the Securities and Exchange Board of India (SEBI), media reported.
Ather showcases its latest electric scooter Rizta in Kolkata, check out the prices
Jul 07, 2024, at 07:28 am
Bengaluru-based electric scooter manufacturer Ather Energy showcased its newly launched Rizta in Kolkata on Saturday, a vehicle designed keeping the family riders in mind.
Modi 3.0 to present Union Budget on July 23
Jul 07, 2024, at 01:55 am
New Delhi: The Union Budget for the financial year 2024–25 will be presented in the Lok Sabha on July 23. The budget session of Parliament is scheduled to take place from July 22 to August 12.
Relief for industry and GST taxpayers as govt cracks down on GST demand notices: Report
Jul 06, 2024, at 08:39 pm
New Delhi: The government has decided to send any GST (Goods and Service Tax) demand notice to the taxpayers, only once there is approval from the Union Ministry of Finance in the North Block, reports CNBC TV18.
June car sales: Maruti Suzuki continues to dominate Indian car market with 40% market share
Jul 06, 2024, at 08:03 pm
New Delhi/IBNS: The Indian four-wheeler market witnessed a modest overall growth of 3.63 percent in June 2024, compared to the same month of the last year, with total car sales rising to 3,39,415 units from 3,27,539 units in June 2023, reports said.
Chinese EVs hit with duties in biggest European Union trade case yet
Jul 06, 2024, at 08:00 pm
Brussels/IBNS: The European Union (EU) will impose tariffs of up to 37.6 percent from Friday on imports of electric vehicles (EVs) manufactured in China, ratcheting up tensions with Beijing in Brussels’ largest trade case yet, Reuters reported, citing EU officials.
Ola Cabs exits Google Maps, moves to in-house navigation platform Ola Maps
Jul 06, 2024, at 07:56 pm
Bengaluru/IBNS: Bengaluru-based ride-hailing cab aggregator, Ola, has announced a significant shift in its operations by fully transitioning from Google Maps to its in-house navigation platform, Ola Maps, on Friday (July 5).
DPIIT signs MoU with NCAER for development of framework & assessment of logistics cost in India
Jul 06, 2024, at 06:44 am
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) and National Council of Applied Economic Research (NCAER) signed a Memorandum of Understanding (MoU) in New Delhi on Friday for the development of framework & assessment of logistics cost in India.
Kharif sowing area for onion set to be 27% higher than last year; 30% sowing completed in Karnataka
Jul 06, 2024, at 06:29 am
New Delhi: Good and timely monsoon rains this year has provided a big boost for kharif crops, including onion and other horticultural crops like tomato and potato, the Ministry of Consumer Affairs said.
Bank of Baroda raises Rs 7,500 cr through Additional Tier 1 bonds
Jul 06, 2024, at 06:07 am
Mumbai: Bank of Baroda on Friday announced that its board of directors approved a plan to raise an additional Rs 7,500 crore in capital through Additional Tier 1 (AT1) and Tier 2 bonds.
Jul 06, 2024, at 05:52 am
Kolkata: NPCI International Payments Limited (NIPL) in partnership with Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments via Network’s point-of-sale (POS) terminals in the UAE.
Continued slowdown in bank deposit growth in June qtr: Report
Jul 06, 2024, at 05:14 am
Mumbai: Concerns about a continued slowdown in bank deposit growth persist, with several top lenders experiencing a sequential decline in deposits in the June quarter of FY25, media reports said.
SEBI issues new guidelines to enhance credit rating agency operations
Jul 06, 2024, at 03:29 am
Mumbai: The Securities and Exchange Board of India (SEBI) has issued updated directives to streamline processes and improve business efficiency for credit rating agencies, media reported.
Centre likely to review restrictions on rice export ban in Sept if monsoon favourable: Report
Jul 06, 2024, at 01:01 am
New Delhi: The central government is likely to review the restrictions on exporting certain rice varieties in September, following the conclusion of the ongoing kharif season and the availability of final production figures, Moneycontrol reported, citing government officials.