MG Motor India launches Comet EV, starting at Rs.7, 98000
Kolkata: British automobile major MG Motor India on Saturday revealed its smart electric vehicle, the MG Comet EV, in the East Indian city of Kolkata.
Finance
MG Motor India launches Comet EV, starting at Rs.7, 98000
Kolkata: British automobile major MG Motor India on Saturday revealed its smart electric vehicle, the MG Comet EV, in the East Indian city of Kolkata.
Nagaland: Women vendors receive interest-free loans from tEA
Kohima-based organisation – The Entrepreneurs Associates (tEA) -disbursed interest-free loans to 20 women street vendors in the Nagaland city to give them a chance to receive stress-free finances during a period post the COVID-19 pandemic.
Arabian Sea: ONGC discovers oil in two blocks
Oil and Natural Gas Corporation Limited (ONGC) has made discoveries of Oil and Gas in MBS171HAA-1 (MBS171HAA-A)-“AMRIT” in OALP (Open Acreage Licensing Policy) block MB-OSHP-2017/1 in Mumbai Offshore (SW) on the Arabian Sea.
NSE warns investors against person collecting money providing assured/guaranteed returns
Mumbai: National Stock Exchange (NSE) has cautioned investors against individual, who, it warned, is collecting funds from the public and providing assured/guaranteed returns on investment in stock market.
IT services company Vinsys working on IPO; plans further expansion in US, UK markets
Kolkata: Pune-headquartered IT services multinational company Vinsys is also working towards an initial public offering (IPO) that it aims to complete within the current calendar year.
PayNearby launches ‘PayNearby Mall’ - a meta-commerce platform for small businesses and consumers ahead of ONDC rollout
Kolkata: Branchless banking and digital network PayNearby Friday launched PayNearby Mall—a meta-commerce platform to enable easy availability of goods and services, in an assisted mode at the last mile. This will soon be integrated with the Open Network for Digital Commerce (ONDC) platform.
Linc Ltd FY23 PAT soars 359.8% to Rs 3,740 Lacs
Kolkata: Writing instruments and stationery manufacturer Linc Ltd (Formerly Linc Pen & Plastics Limited), has reported a total income of Rs 49,024 Lacs, showcasing a growth of 37.0% compared to the previous fiscal year.
DRI seizes 23.34 kg smuggled foreign gold worth Rs. 14.43 crore in Chennai, 2 held
New Delhi: In two separate operations conducted this week, the Directorate of Revenue Intelligence (DRI) seized 23.34 kg of smuggled foreign gold valued at Rs. 14.43 crore through Chennai International Airport and foiled an attempt to smuggle foreign gold into the country.
Atal Pension Yojana completes 8 yrs; total enrolments cross 5.25 cr
New Delhi: Centre’s flagship social security scheme Atal Pension Yojana (APY) completed eight years of successful implementation with total enrolments crossing the mark of 5.25 crore across the country.
Tata Motors reports consolidated Q4FY23 net profit of Rs 5,407.79 cr
Mumbai: Tata Motors announced a significant turnaround in its financial performance, posting a consolidated net profit of Rs 5,407.79 crore for the quarter ending in March.
Byju's secures $250 million funding via structured instruments from Davidson Kempner: Reports
Indian ed-tech company Byju's has secured a substantial fund infusion of $250 million through structured instruments facilitated by the US-based alternative investment firm Davidson Kempner, media reports said.
No salary hike for Microsoft employees in 2023 amid economic uncertainty
Amid massive job cuts, Microsoft CEO Satya Nadella informed the employees that the company will not be offering a salary hike this year media reports said.
CCI to examine if Google's new users' choice billing policy violates its order
New Delhi: The Competition Commission of India (CCI) on Friday said that it is required to investigate Google's new users' choice billing policy and verify if the company has adhered to the October 2022 directive, which directed the US-based tech giant to refrain from limiting app developers from using third-party billing systems, media reports said.
Adani-Hindenburg row: Supreme Court to review panel report, make decision on SEBI probe extension on May 15
New Delhi: The Supreme Court on Friday announced that it would review the report presented by the court-appointed six-member committee before deciding whether to grant the Securities and Exchange Board of India (SEBI) an extension for completing the investigation regarding the Adani-Hindenburg matter.
India – EU Trade and Technology Council to be held in Brussels
New Delhi: The first Ministerial meeting of the India – EU Trade and Technology Council (TTC) will be held in Brussels on May 16.
Indian govt issues order against Amazon, Flipkart for selling seat belt alarm stoppers
New Delhi: The Centre has issued orders against top five e-commerce platforms - Amazon, Flipkart, Snapdeal, Shopclues and Meesho - for selling car seat belt alarm stopper clips stating that the clips compromise life and safety of consumers.
India's retail inflation eases to 4.70 per cent in April
India's retail inflation in April eased to an 18-month low of 4.70 per cent, revealed data released by the Indian government on Friday.
South Indian Bank registers 23 percent rise in profit
Private lender South Indian Bank on Thursday said its Net profit for fourth quarter is up by 22.74% from Rs. 272.04 Cr in FY 22 to Rs. 333.89 Cr in FY 23.
Elon Musk finds new Twitter CEO, rumours suggest it is Linda Yaccarino
Twitter chief Elon Musk on Friday said he has found a new chief executive for micro-blogging site Twitter.
Volvo Car India's National Parts Warehouse completes 5 yrs
Kolkata: The National Parts Warehouse of Volvo Car India in Bhiwandi, near Maharashtra’s capital Mumbai, has completed 5 years in India.
'Absolutely no question of filing for insolvency': SpiceJet CEO Ajay Singh on insolvency rumours
New Delhi: Budget airline SpiceJet has said that it is implementing measures to restore its grounded fleet by utilizing the $50 million received from the government's Emergency Credit Line Guarantee Scheme (ECLGS) along with internal cash accruals. The company aims to dispel any rumors of insolvency.
India intensifies efforts to reduce trade deficit with Russia; focuses on exports
New Delhi: The Union Commerce Ministry has intervened to address the increasing trade deficit between India and Russia, media reports said.
SoftBank offloads 2% stake in Paytm parent One97 Communications
Multinational investment firm SoftBank Thursday communicated to the bourses that it has offloaded a little more than 2 percent stake in One97 Communications Limited, the parent company of Paytm, in compliance with the SEBI regulations, Moneycontrol reports said.
HireMee wins Future Ready organisation award by HRworld
Bengaluru: Talent acquisition and talent management startup, HireMee, has been named as the Future Ready organization among young Indian startups for its innovative approach towards talent identification, talent management and commitment towards preparing the workforce for the future by ET HRWorld.
Ujjivan Small Finance Bank Q4FY23 PAT jumps 145% to Rs 310 cr
Kolkata: Ujjivan Small Finance Bank on Thursday reported a Profit After Tax (PAT) of Rs 310 crore for Q4FY23 and Rs1,100 crore for the entire fiscal year, marking its best-ever performance owing to the bank's effective strategies and successful implementation of its business plan, according to a statement.
Pakistani rupee tumbles to record low amid widespread unrest after Imran Khan's arrest
Amid widespread unrest in Pakistan following former prime minister Imran Khan’s arrest on Tuesday, its currency tumbled to a new record low as the country’s army stepped in to quell violent protests, Bloomberg reported.
EOW of Delhi Police registers FIR against BhartPe co-founder Ashneer Grover in fraud case
New Delhi: The Economic Offences Wing of the Delhi Police has filed an FIR against BharatPe cofounder his wife Madhuri Jain Grover, family members, and others for allegedly committing various crimes involving fraud, forgery, cheating and breach of trust, media reports said.
Go First may start services soon after NCLT approves insolvency plea: Report
Mumbai: Cash-strapped budget carrier Go First may resume regular flights soon as it plans to go business as usual after the National Company Law Tribunal (NCLT) gave its nod to the company’s insolvency plea, paving the way for the airline’s revival.
Dr Reddy's Q4FY23 consolidated PAT jumps 996 pc YoY to Rs 959 cr
Hyderabad: Hyderabad-based Pharma giant Dr Reddy’s Lab on Wednesday reported a consolidated net profit of Rs 959 crore for the fourth quarter ended March 2023, up 996 percent over Rs 87.5 crore reported in the corresponding quarter in the previous year.