Business and financial news
New Delhi: The Commissioner of Income Tax-Appeals has affirmed a tax demand of nearly Rs 1,666 crore on Interglobe Aviation, the parent company of IndiGo airlines, as disclosed in a notice to stock exchanges on Wednesday, Moneycontrol reported.
Kolkata: Tata Power has added 11,529 new EV Home Chargers in the second quarter of FY24.
Mumbai: The liquidity deficit in India's banking system widened on Tuesday to its highest level in almost five years due to monthly goods and services tax payments.
Kolkata: Coca-Cola India announced its entry into the ready-to-drink tea market through the introduction of 'Honest Tea,' a brand owned by a subsidiary of the Coca-Cola Company 'Honest', media reported.
The Directorate General of GST Intelligence has sent Goods and Services Tax (GST) demand notices to the food aggregators Zomato and Swiggy, media reports said on Wednesday.
Bengaluru: Adobe has bought Rephrase.ai, a Bengaluru-based company known for its artificial intelligence (AI)-based video creation platform. An internal communication at Adobe has verified this acquisition by the major US software company, reported ET.
Kolkata: The National Stock Exchange (NSE) and the West Bengal government have signed a Memorandum of Understanding (MoU) to spread awareness amongst MSMEs of the state regarding fundraising via the IPO mechanism using NSE Emerge which is the SME platform of NSE.
Ridesharing app Uber and the Transport Department, Government of West Bengal, on Wednesday, signed a Memorandum of Understanding (MoU) to launch ‘Uber Shuttle’ - a bus service for daily commute - in Kolkata.
The BSE Sensex on Wednesday gained further by 92.47 pts to close high at 66,023.24 as renewed buying was seen in Power, Consumer Durable, Auto and Health Care stocks.
An improvised explosive device (IED) planted on the roadside exploded in Pakistan's Hoshab area in Balochistan on Sunday which left at least three people dead, media reports said on Wednesday.
Ending all dilemmas, Open AI on Wednesday (November 22, 2023) said Sam Altman, who was recently fired from the company, will return to the firm as its CEO.
New Delhi: Telecom major Bharti Airtel in a customer letter on Tuesday underscored the advancements in mobile technology with embedded SIMs (e-SIMs) and encouraged Airtel users to make the switch to an e-SIM.
New Delhi: India is nearing a deal closure with Elon Musk’s Tesla Inc. to enable the American automaker to export its electric vehicles to the country starting next year and establish a manufacturing facility within two years, Bloomberg reported citing sources familiar with the developments.
Mumbai: Tata Technologies, a global engineering services firm, garnered Rs 791 crore from 67 investors through the anchor book on Tuesday, just a day ahead of the Tata Group's first IPO in nearly two decades. The funds were secured at the upper end of the Rs 475-500 price range, reported Moneycontrol.
Kolkata: Reliance Industries Chairman Mukesh Ambani Tuesday announced that the oil-to-telecom conglomerate has committed an investment of around Rs 45,000 crore in West Bengal, Moneycontrol reported.
New Delhi: In the wake of disruptions in flight operations caused by a shortage of spare parts amid global supply chain difficulties, Indian aviation companies are increasingly seeking non-critical aircraft components from domestic suppliers, Mint reported citing industry sources.
Bengaluru: Leading IT firm Wipro on Tuesday announced a partnership with chip-maker NVIDIA aimed at expediting the integration of generative artificial intelligence (AI) in healthcare enterprises.
New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.
Mumbai: OneWeb India, backed by the Bharti Group, Tuesday announced that it has obtained the mandatory approvals from the Indian Space Promotion and Authorisation Centre (IN-SPACe) to start the deployment of Eutelsat OneWeb's commercial satellite broadband services in India.
DSP Mutual Fund announced the launch of DSP Banking & Financial Services Fund (DSP BFSF), an open-ended scheme that offers investors an opportunity to partake in the long term structural opportunity in the banking and financial services space.
US tech giants Apple and Microsoft remain the most expensive brands worldwide, with their brand value standing at $502.7 billion and $316.7 billion, respectively, the Interbrand Best Global Brands 2023 ranking showed on Tuesday.
The BSE Sensex on Tuesday surged 275.62 pts to close high at 65,930.77 on the strength of Realty, Auto and Consumer Durable stocks.
Five hundred Open AI employees have expressed their intention to join Microsoft if Sam Altman, the former CEO of OpenAI, and Greg Brockman, a co-founder of OpenAI, are not reinstated.
Open AI's former CEO Sam Altman and former president Greg Brockman are joining Microsoft to lead a new team for advanced research in Artificial Intelligence, Satya Nadella announced Monday.
Open AI has named former Twitch CEO and co-founder Emmett Shear as the company's interim CEO, media reports said.
Mumbai/UNI: The BSE Sensex on Monday rose marginally by 14 points to 65,809.63 in the opening session as buying was seen in power, realty and technology stocks.
Former Open AI CEO Sam Altman recently posted a photo of himself at the headquarters of the firm amid reports that he is returning to the AI company, days after he was sacked.
Mumbai: Bank of Baroda’s board of directors has resolved to raise Rs 5,000 crore by issuing tier-II bonds and an additional Rs 10,000 crore through infrastructure bonds.
New Delhi: The Finance Ministry has asked state-owned banks to reassess their digital operations in light of the recent UCO Bank incident, media reports said.
OpenAI is under pressure from its top investors to bring back Sam Altman as chief executive officer after sacking him on Friday, taking the world by surprise, international media reports said.
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