TCS workforce drops by nearly 13,000 to 6,01,546 in FY24
Apr 15, 2024, at 01:10 am
Tata Consultancy Services (TCS) has reported a decline in its headcount, a situation unprecedented in 19 years with the company's total employee base diminished to 6,01,546.
Vodafone Idea FPO worth Rs 18,000 cr to open on Apr 18
Apr 15, 2024, at 12:14 am
Mumbai: Vodafone Idea has announced its follow-on public offer (FPO) worth Rs 18,000 crore which will be open for subscription starting April 18.
Apr 14, 2024, at 11:03 pm
Mumbai: Last week, IT giant Tata Consultancy Services (TCS) launched the fourth-quarter earnings season with results that surpassed expectations and impressive operating margins.
Pakistan's economic outlook uncertain amid political instability: ADB report
Apr 13, 2024, at 08:33 am
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
US chipmakers refuse to move focus from Chinese market despite Washington's restrictions
Apr 13, 2024, at 07:45 am
China continues to be a key market for a chunk of American chipmakers even as the United States tightens control on chip sales to the country and amid Beijing’s intense efforts for self-sufficiency in the semiconductor sector, media reports said.
Japan ready to take all appropriate measures to check 'excessive volatility' in yen
Apr 13, 2024, at 06:09 am
Tokyo: Japan is ready to take all appropriate measures in response to excessive swings in its currency and is analysing the recent weakness in yen alongside its causes, said Finance Minister Shunichi Suzuki, media reported.
India's Feb Industrial Production grows by 5.7%, best performance in 4 months
Apr 13, 2024, at 04:40 am
New Delhi: India's Index of Industrial Production (IIP) increased by 5.7 percent in February, compared to 3.8 percent in January, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
GQG Partners, SBI Mutual Fund invest in Vodafone Idea: Report
Apr 13, 2024, at 04:34 am
Mumbai: GQG Partners, an investment firm, and State Bank of India Mutual Fund are contemplating a combined investment of around $800 million in the $2.16 billion share offering of telecom company Vodafone Idea, media reported.
India's March retail inflation drops to 4.85%, lowest in 10 months
Apr 13, 2024, at 02:56 am
New Delhi: India's primary retail inflation rate dropped to its lowest point in ten months at 4.85 percent in March, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
Apr 13, 2024, at 02:17 am
Mumbai: IT giant Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 12,434 crore for the January-March quarter, a growth of more than 9 percent compared to Rs 11,392 crore recorded in the same period last year.
Sensex falls 793.25 pts as market ends
Apr 12, 2024, at 11:25 pm
The BSE Sensex on Friday dropped 793.25 pts to settle below 75K to 74244.90 on profit booking along with FPI sold off influenced by US inflation.
Adani Green Energy is now India's first firm to surpasses 10000 MW renewable energy
Apr 12, 2024, at 10:01 pm
Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering 'reliable, affordable, and clean power' to the national grid, the company said.
Edelweiss Alternatives backed platform acquires L&T Infrastructure Development Projects Ltd
Apr 12, 2024, at 02:44 am
Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)
Cupid Ltd inks deal for supply of female condoms to Brazil worth Rs 23 cr
Apr 11, 2024, at 07:29 am
Mumbai: Condom maker Cupid Ltd on Wednesday said it has signed an agreement to supply 5.9 million pieces of Female Condoms (FC) in Brazil.
Bridgestone India introduces TURANZA 6i new premium tyre for premium passenger vehicles
Apr 11, 2024, at 07:14 am
Kolkata: Bridgestone India Wednesday launched its new generation tyre Bridgestone TURANZA 6i for the passenger vehicles segment.
Apr 11, 2024, at 07:03 am
Abu Dhabi: 3AI Holding Limited, a global AI investment firm based in Abu Dhabi, that invests in AI infrastructure and AI foundational companies, Wednesday announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s multilingual GenAI platform, a press release said.
IndiGo becomes world's 3rd largest airline by market capitalisation after stocks hit new high
Apr 11, 2024, at 06:20 am
Mumbai: IndiGo Airlines became the world's third largest airline on Wednesday in terms of market capitalisation as stocks of its operator InterGlobe Aviation Limited climbed to a new record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus bolstering their gains for the fourth day in a row, media reports said.
Centre approves 11 EV manufacturers for incentives under EMPS 2024: Report
Apr 11, 2024, at 05:58 am
New Delhi: The Ministry of Heavy Industries has given the green light to 11 electric vehicle (EV) makers, such as Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to qualify for incentives as part of the newly launched Electric Mobility Promotion Scheme (EMPS) 2024.
Indian mutual fund industry posts stellar performance in FY24; AUM jumps 35% to Rs 39.42 lakh cr
Apr 11, 2024, at 05:10 am
Mumbai: The Indian mutual fund industry has posted an impressive performance during the last financial year (2023-24), with the industry’s net Assets under Management (AUM) registering a growth of 35 percent at Rs 53.40 lakh crore as of March 31, 2024, as against Rs 39.42 lakh crore same period last year.
NSE alerts investors against deepfake videos of its MD & CEO Ashish Kumar Chauhan
Apr 11, 2024, at 04:43 am
Mumbai: The National Stock Exchange (NSE) has cautioned investors about deepfake videos of its MD & CEO Ashish Kumar Chauhan in circulation and advised them to not follow suggestions or investment proposals in such videos.
Ola Cabs withdraws international operations to focus on Indian market
Apr 11, 2024, at 03:34 am
Bengaluru: Ride-hailing company Ola Cabs is withdrawing from its international operations, including the United Kingdom, Australia, and New Zealand, to concentrate on expanding its electric vehicle (EV) fleet and strengthening its presence in the Indian market.
Maruti Suzuki India hikes prices of select models; Swift raised by Rs 25,000
Apr 11, 2024, at 02:46 am
Gurugram: Maruti Suzuki India announced on Wednesday that it has raised the prices of its hatchback Swift by up to Rs 25,000, and also hiked the price of a specific variant of the SUV Grand Vitara.
Tesla may join hands with Reliance to manufacture EVs in India: Report
Apr 11, 2024, at 02:31 am
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said.
Tesla Chief Elon Musk to meet PM Modi in Apr; to announce plans for EV manufacturing in India
Apr 11, 2024, at 02:03 am
New Delhi: Tesla's top boss Elon Musk will visit India this month to hold a meeting with Prime Minister Narendra Modi and is expected to announce plans to invest and open a new EV manufacturing plant in India, media reported.
Sensex ends strong at 75038.15
Apr 10, 2024, at 10:24 pm
The BSE Sensex on Wednesday ended firm, breaching 75K level to 75038.15, up 354.45 pts following gains in Oil and Gas, Metal and Energy stocks amid mixed Asian Market.
Apr 10, 2024, at 09:36 am
Mumbai: The Board of TFCIL further approved allotment of 22,23,000 equity shares to Aditya Kumar Halwasiya at a price of Rs 225 per equity share at its Meeting held on the April 5, 2024.
RBI launches survey of manufacturing companies
Apr 10, 2024, at 08:28 am
Mumbai: The Reserve Bank has started the latest cycle of its quarterly survey on order books, inventories, and capacity utilization of manufacturing firms, which serves as a crucial component for shaping monetary policy.
EU-India join partner to recycle EV batteries; invite EoI from start-ups
Apr 10, 2024, at 08:20 am
New Delhi: The European Union (EU) and India on Tuesday invited Expression of Interest (EoI) from startups working in Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event.
Mutual Funds, foreign portfolio investors increase stake in Paytm
Apr 10, 2024, at 07:04 am
Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.
Gates-backed startup Infinium is making sustainable fuel from water and carbon dioxide: Report
Apr 10, 2024, at 05:48 am
A company in the United States is working towards revolutionising the transportation industry, particularly in sectors like aviation and heavy-duty trucking, which are notoriously difficult to decarbonize, media reports said.