Business and financial news
New Delhi: In a notable acknowledgment of his distinguished contributions to the tread and industry sector, Young Liu, the Chief Executive Officer and Chairman of Foxconn, the Taiwanese multinational electronics contract manufacturer, has been honoured with the prestigious Padma Bhushan award.
New Delhi: Airbus and the Tata Group have inked a deal to manufacture the H125 single-engine helicopters from the European aircraft maker and establish a Final Assembly Line (FAL) for commercial purposes in Vadodara, Gujarat.
New Delhi: Finance Minister Nirmala Sitharaman is all set to match the record of former Prime Minister Morarji Desai when she presents her sixth straight budget on February 1.
New Delhi: Finance Minister Nirmala Sitharaman is all set to match the record of former Prime Minister Morarji Desai when she presents her sixth straight budget on February 1.
Artificial intelligence (AI) startup Krutrim, founded by Ola founder Bhavish Aggarwal, has attained unicorn status by securing $50 million in funding from investors, including Matrix Partners India.
Mumbai: SBI Life Insurance reported a New Business Premium of Rs 26,000 crores for the period ended on December 31, 2023 vis-a-vis Rs 21,512 crores for the period ended December 31, 2022.
Adani Group chairman Gautam Adani has said that his conglomerate has "emerged stronger" as he reflected on the Hindenburg episode.
New Delhi: The Central government organised the customary halwa ceremony on Wednesday, which marks the final stage of the budget preparation process for the Interim Union Budget 2024.
Primetals Technologies and JSW Steel USA have entered into an agreement to upgrade the slab casting infrastructure at its Mingo Junction, Ohio, plant, a press release said.
Dennis Francis, the President of the 78th session of the United Nations General Assembly (UNGA) called on Indian President Droupadi Murmu at Rashtrapati Bhavan on Wednesday when he appreciated her for India being the championing the voice of the Global South.
Bengaluru: State-owned lender Canara Bank announced a net profit of Rs 3,656 crore for the October-December quarter of the fiscal year 2023-24, an increase of 26.87 percent compared to the Rs 2,881.52 crore reported in the corresponding period of the previous year.
Mumbai/UNI: The BSE Sensex on Thursday dropped 570 points to 70,486.59 in early trade-on-profit booking by local operators.
New Delhi: E-commerce order item volume increased by 18.7%, during the Republic Day sale in 2024, as compared to last year's sale period. Unicommerce, according to an analysis.
Vijayawada/UNI: Tata Steel inaugurated its third fully automated construction service centre here on Wednesday in Andhra Pradesh to offer customized reinforcement products and solutions to India’s booming construction industry.,
Vijayawada/UNI: Tata Steel inaugurated its third fully automated construction service centre here on Wednesday in Andhra Pradesh to offer customized reinforcement products and solutions to India’s booming construction industry.,
Mumbai: Tata Steel Wednesday reported a consolidated net profit of Rs 522.14 crore for the October-December quarter, exhibiting a positive turnaround from a net loss of Rs 2,501.95 crore in the same period the previous year.
New Delhi: The government on Wednesday officially announced the direct listing of shares for Indian companies on the exchanges at GIFT City.
New Delhi/UNI: The Union Cabinet Wednesday approved the scheme for the promotion of coal gasification projects by state-owned companies and the private sector, with an outlay of Rs 8,500 crore towards incentives for the same under three categories.
Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
The traditional 'halwa ceremony', marking the final stage in the preparation ahead of the interim Union Budget 2024 presentation, was held on Wednesday evening at the Union Finance Ministry headquarters at North Block in Delhi.
Gainwell Group, through its group entity- Indocrest Defence Solutions Private Limited (IDSPL), on Wednesday acquired a dominant stake in infra equipment manufacturer TIL (formerly Tractors India) Limited.
The Competition Commission of India (CCI) has approved the acquisition of up to approximately 38 percent of the share capital of MG Motor India Private Limited by JSW Ventures Singapore Pte. Limited.
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU).
Public sector Indian Overseas Bank on Wednesday reported 30.27% year-on-year rise in net profit at Rs 723 crore for October-December quarter (Q3) of the current financial year 2023-24.
New Delhi/UNI: Private sector lender Axis Bank on Tuesday reported a 4% year-on-year rise in profit at Rs 6,071 crores for the October-December quarter (Q3) of the current financial year 2023-24.
New Delhi: The Central government has planned to implement over 200 projects worth Rs 1.25 lakh crore in the next five years under its National Ropeways Development Programme ‘Parvatmala Pariyojana’, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.
Oxford (UK): The University of Oxford terminated its agreement with Tata Consultancy Services iON, media reports said.
Mumbai: Tata Group-owned Indian Hotels Company (IHCL) Tuesday announced the signing of a third hotel in Ayodhya, Uttar Pradesh, the company said in a press release.
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