Business and financial news
In a testament to its resilience and growth trajectory, India has once again emerged as the world’s fastest-growing major economy, showcasing an impressive 8.4% expansion in the final quarter of 2023 compared to the previous year.
Sam Altman, the Founder and CEO of OpenAI, saw his net worth reach $2 billion according to the Bloomberg Billionaire Index. However, it's noteworthy that despite his leadership in the AI research firm, the company's financial prosperity doesn't factor into this valuation.
New Delhi: India successfully flagged off its first commercial trial shipment of pomegranates to the United States via sea on Wednesday.
New Delhi: State-owned miner Coal India Limited (CIL) entered into a Memorandum of Understanding (MoU) with the Indian Institute of Management (IIM) Mumbai and Sambalpur on Friday to boost logistic efficiency.
New Delhi: Warship builder Garden Reach Shipbuilders and Engineers Ltd (GRSE) has paid an interim dividend of Rs 90.73 crore for FY 2023-24 to its shareholders.
Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).
New Delhi: The Centre for Development of Telematics (C-DOT) announced plans to collaborate with Qualcomm Technologies Inc, a subsidiary of Qualcomm Incorporated, to establish a strategic partnership that will foster innovation in India and support India-based developers and start-ups working on innovative products and use cases.
New Delhi: Private integrated power utility major Torrent Power on Friday said it has emerged as the successful bidder for setting up grid-connected renewable power projects for the supply of 100 MW round-the-clock power for Railway Energy Management Company Limited.
Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.
New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
Automobile major TVS Motor Company recorded monthly sales of 368,424 units in February 2024 with a growth of 33% as against 276,150 units in February 2023.
Auto major Mahindra & Mahindra Ltd. (M&M Ltd.) on Friday announced that its overall auto sales for the month of February 2024 stood at 72,923 vehicles, a growth of 24%, including exports.
Within days of reconstituting the Board of Directors, One 97 Communications Ltd (Paytm) on Friday said that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.
The government said on Friday that the GST collection in the month of February stood at Rs 1,68,337 crore, marking a robust growth of 12.5 percent over the same month last year.
The BSE Sensex on Friday zoomed 1245.05 points to close all time high at 73745.35, getting strong signals from the US market and good Q3 GDP data.
Bengaluru: Samsung Semiconductor India Research (SSIR) Thursday announced the opening of its new R&D facility in Karnataka's capital Bengaluru.
Kolkata: Mahindra Logistics Ltd will commence operations of a 1.1 lakh sq. ft. fulfillment centre in West Bengal's Malda dedicated to handling fulfillment and last-mile deliveries, the company said on Thursday.
New Delhi: India's economy surged by 8.4% in the quarter ending in December, surpassing expectations, driven by strong expansion in manufacturing and construction sectors.
New Delhi: Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) formally signed a joint venture agreement (JVA) on Wednesday in Delhi for setting up an ammonium nitrate plant through the surface coal gasification (SCG) technology route.
Mumbai: Graviss Foods Pvt Ltd which owns Baskin Robbins brand of ice cream is set to open its 1000th ice cream store in India and the SAARC region in 2024.
Mumbai: The Reserve Bank of India Wednesday made some adjustments to the guidelines for the Regulatory Sandbox (RS) program.
Abu Dhabi: India has emphatically called for the restoration of the Appellate Body as the top-most priority of any reform process, along for the effective formalisation of the ongoing informal dispute settlement reform discussions among some members at the WTO.
Mumbai: The Indian economy is expected to grow by 6.7-6.9 percent in the December quarter of FY24, down from the 7.6 percent growth recorded in the second quarter, according to a report by SBI Research released on Wednesday.
Mumbai: Reliance Industries, led by Mukesh Ambani, and Walt Disney announced on Wednesday the finalisation of binding agreements to establish a joint venture merging the operations of Viacom18 and Star India, media reports said.
Mumbai: The Sri Lankan beverage brand Elephant House has entered into a partnership with Reliance Consumer Products, the FMCG division of Reliance Retail Ventures, to produce, promote, distribute, and retail its beverages throughout India.
The BSE Sensex on Wednesday tanked 790.34 pts to settle at 72304.88 as heavy selling was seen in Utilities, Power, Oil and Gas and BSE services stocks amid mixed global cues.
Electronics major Sony on Tuesday announced the company will lay off 900 employees in its PlayStation division.
Kolkata: Volvo Car India has undergone a strategic talent initiative with the realignment of its management team and critical roles in the organization structure over the past few months.
New Delhi: SJVN Ltd, formerly known as Satluj Jal Vidyut Nigam, has commissioned its 100 MW Raghanesda Solar Power Station located in the district of Banaskatha, Gujarat.
New Delhi: Lauding the role of industry in achieving the goal of 'Viksit Bharat' by 2047, Union Finance Minister Nirmala Sitharaman on Tuesday said the government will push more with innovations, investments and policy reforms in the years to come.
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