Mercedes-Maybach GLS 600 launched in India at Rs 3.35 crore
May 23, 2024, at 06:38 pm
New Delhi/IBNS: Mercedes-Benz has launched the Maybach GLS600 in the Indian market at a price tag of Rs. 3.35 Crore (ex-showroom).
Paytm CEO expects near-term financial impact due to disruptions in Q4, hints at AI-driven job cuts
May 23, 2024, at 05:43 pm
New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.
May 23, 2024, at 05:36 pm
New Delhi/IBNS: The Adani Group CFO has taken a dig at an investigating report claiming the conglomerate was involved in the alleged coal scam.
India's green energy goals face challenges over reliance on imported critical minerals: ICRA Report
May 23, 2024, at 05:41 am
New Delhi: Concentration of critical minerals in certain geographic regions like China render global supply chains vulnerable to disruptions leading to increased price volatility. This poses significant challenges to India’s energy security due to its total reliance on imports of critical minerals like lithium, cobalt, and nickel, which are essential for the green technology transition needed to meet its net-zero commitments by 2070, rating agency ICRA noted in a report.
LEI vs. Other Financial Security Measures 2024: Which is Most Effective?
May 23, 2024, at 05:05 am
Legal Entity Identifier (LEI) is a way to maintain transparency and security in the business and financial world. It helps businesses and investors learn more and verify someone's identity and background.
Vedanta Ltd to boost renewable energy capacity and halt new coal-fired units: Report
May 23, 2024, at 04:43 am
Mumbai: Vedanta Ltd aluminium business will stop adding coal-fired capacity, indicating a major shift towards renewable energy, media reported
Power Grid Corporation March qtr PAT drops 4% to Rs 4,166.33 cr
May 23, 2024, at 04:33 am
Mumbai: State-owned Power Grid Corporation reported a nearly four percent decrease in its consolidated net profit to Rs 4,166.33 crore for the March 2024 quarter, primarily due to a slight decline in income.
Sun Pharma Q4FY24 PAT grows 34% to Rs 2,655 cr; Rs 5 per share dividend declared
May 23, 2024, at 03:40 am
Mumbai: Leading pharmaceutical company Sun Pharmaceutical Industries Ltd announced a consolidated net profit of Rs 2,654.5 crore for the March quarter, a 34 percent increase from the same period last year, media reported.
Nykaa Q4FY24 PAT grows to Rs 9 crore; revenue jumps 28%
May 23, 2024, at 02:36 am
Mumbai: FSN E-Commerce Ventures, the owner of personal care (BPC) firm Nykaa, reported a rise in its Q4FY24 net profit of Rs 9 crore, growing more than four times from Rs 2 crore the same period last year.
May 23, 2024, at 02:20 am
New Delhi: The Indian government has decided to develop its own expertise in the field of artificial intelligence (AI) by creating the base for a custom foundational model meant to meet the needs of Indian companies, entrepreneurs, academics, and researchers, reported The Economic Times citing sources.
FIIs dump financial, IT, construction, oil & gas, FMCG holdings in first half of May: Report
May 23, 2024, at 01:02 am
Mumbai/IBNS: Foreign institutional investors (FIIs) sold over $3 billion (Rs 25,000 crore) in Indian equities in the first half of May, with National Securities Depository Limited (NSDL) data showing that more than 90 percent of the selling concentrated in five sectors, including Financial, Information Technology (IT), Construction, Oil and Gas, and Fast-Moving Consumer Goods (FMCG), media reports said.
RBI approves a dividend of Rs 2.11 lakh cr to Centre, an increase of 141% YoY
May 22, 2024, at 10:43 pm
Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.
Paytm Q4FY24 loss widens to Rs 550 cr YoY; FY24 increases 25%
May 22, 2024, at 10:33 pm
New Delhi: Digital payments firm Paytm reported a consolidated loss of Rs 549.6 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24), up from Rs 168.4 crore in the same quarter the previous year, media reported.
Byju's gets 3 NCLT notices over non-payment of dues: Report
May 22, 2024, at 10:28 pm
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases related to unpaid dues to operational creditors, media reports said.
FSSAI finds no trace of ethylene oxide in sample spices of MDH, Everest: Officials
May 22, 2024, at 07:54 pm
New Delhi/IBNS: The Food Safety and Standards Authority of India (FSSAI) has not found ethylene oxide (ETO), a cancer-causing chemical, in the sample spices of MDH and Everest, officials said on Tuesday.
SEBI issues framework to manage stock impact emerging from market rumours
May 22, 2024, at 07:01 pm
New Delhi/IBNS: The Securities and Exchange Board of India (SEBI) has issued fresh guidelines to manage the stock market impact arising out of market impacts, according to reports.
Magadh Sugar & Energy Ltd Q4FY24 PAT grows to Rs 47 cr
May 22, 2024, at 06:47 am
Mumbai: Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) reported an increase in PAT in Q4FY24 at Rs 47 crore as against Rs 35 crore in Q4FY23.
Avadh Sugar & Energy Ltd Q4FY24 PAT drops to Rs 55 cr
May 22, 2024, at 06:35 am
Mumbai: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) reported a drop in PAT in Q4FY24 at Rs 55 crore as against Rs 79 crore in Q4FY23.
Bitcoin soars to $71,000 today: what’s fuelling the rally?
May 22, 2024, at 05:01 am
Mumbai: Bitcoin (BTC) surged above $71,000 early Tuesday, its highest level since early April, while Ether increased by over 19% to $3,700, media reported.
Silver prices to maintain bullish trend despite pause on Tuesday
May 22, 2024, at 04:37 am
Silver prices fell on Tuesday after reaching a multi-month high in the previous session. The decline was prompted by cautious comments from U.S. Federal Reserve officials and profit-taking by investors, reported fxempire.
Alignment with 4% inflation target may occur in latter part of the year: RBI report
May 22, 2024, at 04:32 am
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
JSW Cement to invest Rs 3,000 cr to establish new integrated cement facility in Rajasthan
May 22, 2024, at 03:02 am
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
BHEL Q4FY24 net profit drops 26% to Rs 489.62 cr
May 22, 2024, at 02:35 am
New Delhi: State-owned Bharat Heavy Electricals Limited (BHEL) on Tuesday reported a consolidated net profit of Rs 489.62 crore for the January-March quarter (Q4) in the financial year 2023-24 (FY24).
5 Top Things to Know About Kotak811 Debit Cards
May 21, 2024, at 11:03 pm
Managing finances has become easier than before, thanks to the convenience and security offered by debit cards. Among numerous options available around the globe, Kotak811 Debit Cards shine bright, offering a range of features designed to make your financial journey simple and stress-free. Whether you're new to the world of debit cards or already have a Kotak811 Debit Card in your wallet, here are five essential insights to help you understand its full potential.
SEBI revises method to calculate market capitalisation of listed companies
May 21, 2024, at 10:53 pm
New Delhi: The markets regulator SEBI has revised the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.
Govt asks PSU refiners, RIL to collaborate on negotiating oil-deal with Russia: Report
May 21, 2024, at 10:14 pm
New Delhi: The government has asked its state-run oil refiners and private company Reliance Industries Ltd. to collaborate on negotiating a long-term supply agreement with Russia, Bloomberg reported.
CCI to bring new set of merger regulations soon
May 21, 2024, at 07:24 pm
New Delhi/IBNS: Competition Commission of India (CCI)'s chairperson Ravneet Kaur on Monday said that the country's apex national competition regulator will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year.
Robust investment and industrial demand fuel silver prices to surge to all-time high
May 21, 2024, at 07:08 pm
Mumbai/IBNS: Silver prices on Monday (May 20) climbed by 4.66 percent, settling at 95267, fueled by strong investment and industrial demand, reports said.
Akzo Nobel India Q4FY24 PAT grows 14% to Rs 109 cr
May 20, 2024, at 07:40 pm
Mumbai: Akzo Nobel India reported a 14% year-on-year increase in its fourth-quarter net profit, reaching Rs 108.8 crore.
Amazon's Propel 4 aims to launch 50 Indian startups in global markets in 2024
May 19, 2024, at 02:26 am
Kolkata: Amazon India has announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space.