India likely to have 100 million affluent citizens by 2027: Reports
Jan 15, 2024, at 03:20 pm
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
BMW registers robust electric vehicle sales growth in China: Reports
Jan 15, 2024, at 03:37 am
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Narayana Murthy's job application at Wipro was once turned down by Azim Premji: Report
Jan 14, 2024, at 07:39 pm
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.
Tata Consumer Products to buy Fabindia owned Organic India for Rs 1,900 cr
Jan 13, 2024, at 07:25 am
Mumbai: Tata Consumer Products Friday announced its plans to acquire a stake of up to 100 percent in Organic India, a business owned by Fabindia.
Jan 13, 2024, at 07:15 am
Mumbai: Tata Consumer Products on Friday announced its acquisition of a complete 100% stake in Capital Foods, the company that sells products under the brands Ching’s Secret and Smith & Jones, according to an exchange filing.
Alkem Laboratories reports fraudulent transfer of Rs 52 cr due 'cybersecurity incident'
Jan 13, 2024, at 06:04 am
Mumbai: Alkem Laboratories has reported a fraudulent transfer of Rs 52 crores due to a "cybersecurity incident."
United States asks India to ensure laptop import policy does not restrict trade
Jan 13, 2024, at 05:22 am
New Delhi: United States Trade Representative Ambassador Katherine Tai has called upon India to ensure that the existing end-to-end online system and associated policies governing the import of laptops do not pose trade restrictions in the future.
Budget 2024: Tax relief sought for employers' NPS contributions up to 12% of basic salary
Jan 13, 2024, at 04:32 am
New Delhi: The government should allow tax exemption for the contributions of up to 12 percent of employees' basic salary to the National Pension System (NPS), the chairman of the Pension Fund Regulatory and Development Authority (PFRDA), Deepak Mohanty said on Friday, according to media reports.
Tata Power Renewable Energy to invest Rs 70,000 cr in Gujarat for renewable energy projects
Jan 13, 2024, at 01:51 am
Gandhinagar (Gujarat): Tata Power’s subsidiary Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with the Gujarat government to develop 10,000 MW of renewable energy power projects across multiple sites in Gujarat, according to an exchange filing.
India retail inflation touches four-month-high of 5.69 percent
Jan 12, 2024, at 11:14 pm
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
Jan 12, 2024, at 10:28 pm
Extending rally for the fourth consecutive session on Friday, the BSE Sensex zoomed 847.27 pts to close at 72,568.45 on the strength of IT, Technology, Oil and Gas and Energy stocks.
Indian single malt whisky Rampur Asava wins prestigious John Barleycorn Awards
Jan 12, 2024, at 10:12 pm
Indian single malt whisky Rampur Asava has been awarded the Best World Whisky in the 2023 edition of the John Barleycorn Awards.
SBI launches Green Rupee Term Deposit. Know who can avail them
Jan 12, 2024, at 07:37 pm
The country's largest lender State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit (SGRTD) with the aim of mobilizing funds to support environment-friendly initiatives and projects.
Jan 12, 2024, at 07:02 am
Mumbai/Ballari/ Helsinki: JSW Group has entered into a strategic cooperation agreement with Coolbrook, a transformational technology and engineering company headquartered in Finland.
Tata Power's Haldia Power Project achieves record operational excellence
Jan 12, 2024, at 06:52 am
Haldia (West Bengal): Tata Power's Haldia Power plant in West Bengal achieved a plant load factor (PLF) that's 34% higher than the national thermal plant average.
NSDL gets GLEIF accreditation for Legal Entity Identifier issuance in India
Jan 12, 2024, at 06:44 am
Mumbai: National Securities Depository Limited (NSDL) has received accreditation to commence Legal Entity Identifier (LEI) related services from the Global Legal Entity Identifier Foundation (GLEIF) in December 2023, a press release said.
Hiring in the IT sector dropped by 21% in December 2023; AI job offers increase
Jan 12, 2024, at 05:56 am
New Delhi: Hiring in the IT sector declined by 21% in December 2023 as against the same month of 2022 and by 4% as compared to the immediately preceding month of November 2023, revealed the Naukri JobSpeak Index.
Polycab India plunges 22% as I-T dept recovers 'unaccounted sales' of Rs 1,000 crore
Jan 12, 2024, at 05:04 am
Mumbai: Polycab India's shares witnessed a sharp decline of 22 percent in morning trade on January 11 following revelations by the income tax department about the discovery of around Rs 1,000 crore in "unaccounted cash sales" during raids on the company's offices the day before, media reports said.
Reliance was, is and will remain a Gujarati company: Mukesh Ambani at Vibrant Gujarat Global Summit
Jan 11, 2024, at 07:12 pm
Gandhinagar/IBNS/UNI: Billionaire industrialist Mukesh Ambani highlighted his roots to the western state of Gujarat, which is also the homestate of Prime Minister Narendra Modi, at the Vibrant Gujarat Global Summit 2024 here on Wednesday.
Haldia Petrochemicals becomes India’s first BSI Certified ISO 27001:2022 Petrochemical firm
Jan 11, 2024, at 06:09 am
Kolkata: Haldia Petrochemicals Ltd (HPL) on Wednesday became the first ISO 27001:2022 certified petrochemical organisation in the industry by BSI (British Standards Institution), a renowned certification body.
JSW Cement picks bankers to initiate Rs 6,000 cr IPO: Report
Jan 11, 2024, at 05:51 am
Mumbai: Sajjan Jindal's JSW Group has engaged investment bankers to assist in the initial public offering (IPO) of its subsidiary, JSW Cement, media reported.
India, UAE aim at expanding bilateral trade to $100 billion; start Rupee-Dhiram trade: Piyush Goyal
Jan 11, 2024, at 05:40 am
Ahmedabad/IBNS/UNI: India and the United Arab Emirates (UAE) aspire to expand their bilateral trade to US$100 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday.
SpiceJet shareholders approve plan to raise funds via shares and warrants
Jan 11, 2024, at 04:47 am
Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.
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.