Ola lays off 200 employees across businesses in restructuring exercise: Reports
Bengaluru/IBNS: Soft Bank-backed ride-hailing and EV manufacturing company Ola has laid off around 200 employees, media reported.
Finance
India’s first centre of excellence in online gaming to be set up in Shillong: MoS Rajeev Chandrasekhar
Shillong: Digital India Startup Hub through the Software Technology Parks of India shall set up India’s first Centre of Excellence in Online Gaming at Shillong by March 2023, said The Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Rajeev Chandrasekhar.
Wipro's net profit moves up 2.8 pc to Rs 3,053 cr
Bengaluru: Wipro's net profit in December quarter rose 2.8 per cent annually to Rs 3,053 crore from Rs 2,969 crore in the same quarter last year.
Airtel 5G Plus now live in 4 cities of Bihar
Bhagalpur: Telecommunication service provider Bharti Airtel on Friday announced the launch of its 5G services in Muzaffarpur, Bodh Gaya and Bhagalpur. Airtel’s 5G services are already live in Patna.
Larsen and Toubro and H2Carrier AS sign MoU
Mumbai: Larsen & Toubro, an Indian multi-national engaged in EPC Projects, Hi-Tech Manufacturing, and Services, announced on Friday the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy.
Airtel 5G Plus now live in 2 Jharkhand cities
Ranchi/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Ranchi and Jamshedpur.
Sensex drops over 200 points
Mumbai/UNI: The BSE Sensex remained negative on Friday too, as the BSE sensex tumbled down 264.28 points at 59,693.75 in opening trade as selling was seen in Realty, Technology, Bankex and Capital Goods stocks.
Rupee up 16 paise against USD
Mumbai/UNI: The Rupee on Friday gained 16 paise at 81.38 in the opening trade against the US Dollar on selling of US Dollars by bankers and exporters, dealers at Foreign Exchange said.
Trade Policy Forum has resulted into a smoother, friendly and trusted business environment for both India and USA: Goyal
New Delhi/Washington DC: Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said the India US Trade Policy Forum has resulted into a smoother, friendly and trusted business environment for businesses from both sides to expand their trade and investment.
ESOPDhan to ease owning stock by high growth startup employees
Mumbai: ESOPDhan, a newly founded financial services firm, which seeks to ease the acquisition of stock options by employees of high-growth SaaS start-ups, is all set to unveil its lending offerings.
Gross market borrowings of Centre, states seen at Rs. 24.4 trillion; fiscal deficit to dip to 5.8 pc of GDP in FY24: ICRA
New Delhi/IBNS: Credit ratings agency ICRA anticipates that the Indian government will peg its fiscal deficit in the FY24 Budget estimates at 5.8% of the GDP, a healthy moderation from the 6.4% of GDP projected for FY2023.
Sensex rises 25 pts
Mumbai/UNI: The BSE Sensex on Thursday slightly improved 25 points at 60,130.71 in opening trade as buying was seen in Commodities, Consumer Discretionary Goods and services and Industrials stocks.
Adani Group to invest Rs 60,000 cr in Madhya Pradesh
Indore (MP): Adani Group will invest over Rs 60,000 crore across several sectors in Madhya Pradesh which would result in thousands of jobs, said Pranav Adani, director at Adani Enterprises on Wednesday.
Maharashtra: Bombay HC allows Johnson & Johnson to manufacture, sell baby powder
Mumbai: The Bombay High Court on Wednesday allowed Johnson & Johnson to manufacture, distribute and sell its baby powder products, quashing the Maharashtra government’s order cancelling its licence and halting the production and sale of the item, according to a report in the media.
NASSCOM to host Bengal Entrepreneurs’ Summit on Technology on Jan 19, over 400 companies to participate
Kolkata: NASSCOM, the premier trade body of IT and ITeS sector, on Wednesday announced its Bengal Entrepreneurs’ Summit on Technology carnival will take place on Jan 19 in Kolkata where more than 400 companies will partcipate.
Govt extends the term of SBI MD Challa Sreenivasulu Setty by 2 yrs
Mumbai/IBNS: The government has extended the tenure of State Bank of India (SBI) Managing Director Challa Sreenivasulu Setty for two more years with effect from January 20.
NPCI allows NRIs from 10 nations without Indian phone nos. to use UPI facility
New Delhi/IBNS: Non Resident Indians (NRIs) from 10 countries, who hold NRE or NRO accounts, will be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers.
Direct Tax collections grow 24.58 pc y-o-y to Rs 14.71 lakh crore
New Delhi/IBNS: Direct Tax collections up to January 10, 2023, stood at Rs. 14.71 lakh crore, up 24.58% compared to gross collections for the corresponding period of last year, the Ministry of Finance said on Wednesday.
'55’’ TV sales up by 135%, refrigerators demand doubled up': Croma 2022 report
New Delhi/IBNS: Croma, Tata Group’s omnichannel electronics retailer, announced Unboxed 2022 – a collection of unique insights on croma.com from 2022—reflecting a fast-changing lifestyle and rapidly evolving tastes and preferences across the consumer spectrum.
Mines Ministry approves Rs155 cr to National Mineral Exploration Trust for exploration & enhancing capabilities
New Delhi/IBNS: The Executive Committee (EC) meeting of the National Mineral Exploration Trust (NMET) under the ministry of mines approved projects of mineral exploration and enhancing institutional capabilities in exploration worth Rs 154.84 crores.
Cabinet approves incentives for RuPay Debit Cards and low-value BHIM-UPI transactions (P2M)
New Delhi/IBNS: The Union Cabinet Wednesday approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022.
Maruti Suzuki unveils Concept Electric SUV “eVX”
New Delhi: Building on its commitment towards sustainable motoring, Maruti Suzuki India Limited on Wednesday showcased the Concept Electric SUV eVX at Auto Expo 2023.
Rupee up 3 paise against USD
Mumbai/UNI: The Rupee on Wednesday rose marginally by three paise at 81.75 in the opening trade against the US Dollar on selling of US Dollars by bankers and exporters, dealers at Foreign Exchange said.
Wings clipped: Self-exiled Jack Ma stripped of voting power in his Ant Group hrs after appearance in Thailand
Shanghai: Soon after Chinese business magnate Jack Ma resurfaced in Thailand after making appearances in Japan, Ant Group, in which he had a controlling stake, said its billionaire founder has ceded all voting power.
Sharp, long-lasting slowdown to hit developing countries hard: World Bank
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
India to get first homegrown iPhone maker as Tata Group nears plant takeover: Report
Bengaluru: In a development that could give India its first domestic iPhone maker, Tata Group is close to completing a deal to buy an iPhone plant in southern India from Taiwan’s Winstron Corp, media reports said.
Jio launches True 5G in Assam
Guwahati/IBNS: Assam Chief Minister Himanta Biswa Sarma Tuesday launched Jio True 5G services in the state at an event held in Guwahati.
Overseas Indians increased inward remittances by 12 pc to $100 billion in 2022: Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday underscored the contribution of the Non-Resident Indians while stating that the inward remittances for the year 2022 increased by 12 percent to about USD 100 billion, said media reports.
Northern Coalfields Limited to Produce M-Sand from Overburden
New Delhi/IBNS: State-run Northern Coalfields Limited (NCL) is all set to produce ‘M-Sand’-the core material used in construction in civil works in its Amlohri Project.
SIP contribution in Dec 2022 rose to Rs 13,573 cr against Nov's Rs 13,306: AMFI
Mumbai/IBNS: The SIP contribution in December 2022 increased to Rs 13,573.08 crores from Rs 13,306.49 crores in November 2022, monthly data released by the Association of Mutual Funds in India (AMFI) shows.