San Francisco: Sam Altman, co-founder of OpenAI, once described the company's partnership with Microsoft as “the best bromance in tech.” However, this relationship is now strained, as Microsoft appears to be hedging its bets, according to a report by the New York Times.
New Delhi: The Group of Ministers (GoM) on GST rate rationalisation has decided to reduce tax rates on 20-litre packaged drinking water bottles, bicycles, and exercise notebooks to 5 percent, while proposing an increase in taxes on high-end wristwatches and shoes, media reports said.
New Delhi: The Group of Ministers (GoM) on GST rate rationalisation has decided to reduce tax rates on 20-litre packaged drinking water bottles, bicycles, and exercise notebooks to 5 percent, while proposing an increase in taxes on high-end wristwatches and shoes, media reports said.
Buying a new car during the festive season is a popular trend in India, with many people looking to fulfill their aspirations of owning a new vehicle.
California/IBNS: Google has announced a significant leadership restructuring within the company.
New Delhi/IBNS: Economic activity in India continues to be on its dynamic and positive path, albeit at a moderated pace.
Mumbai: Kotak Mahindra Bank Limited has announced its acquisition of Standard Chartered Bank India's personal loan portfolio, valued at approximately Rs 4,100 crore as of September 30, 2024.
Mumbai: JSW Steel on Friday said it will acquire a 100% stake in Thyssenkrupp Electrical Steel India jointly with Japan's JFE Steel Corp for Rs 4,051.4 crore.
Mumbai: Zee Entertainment Enterprises (ZEEL) reported a net profit of Rs 209.4 crore for the second quarter of FY25, marking a 70.2% year-on-year (Y-o-Y) increase, driven by cost-cutting measures, media reports said.
Mumbai: Tata Consumer Products Ltd reported a flat net profit of Rs 359 crore for the September quarter, media reports said.
Mumbai: Jio Financial Services Ltd, which was spun off from Reliance Industries Ltd and listed on the stock exchanges last year, reported a year-on-year 3% increase in net profit to Rs 689 crore for the quarter ending September 30, according to media reports.
EV major Ather Energy introduced the Ather Care service plans for its customers.
Washington/IBNS: India's economic growth stands out as a bright spot in the global economy, according to World Bank President Ajay Banga, who highlighted that much of this progress is fueled by the domestic market.
Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday (Oct. 17) took action against four Non-Banking Financial Companies (NBFCs), instructing them to cease new loan sanctions and disbursements, while a Morgan Stanley report suggests that more companies in the lending sector could face similar scrutiny.
Bengaluru/IBNS: Byju Raveendran, founder of the troubled edtech company Byju’s, admitted on Thursday that he had made several mistakes, including misjudging market conditions and overestimating the company's growth potential.
New Delhi/IBNS: Leading Indian multinational restaurant aggregator and food delivery company Zomato is expected to approve a fund raise of Rs 8,500 crore, CNBC-TV18 reported citing insider sources.
Mumbai/IBNS: Shares of Mazagon Dock Shipbuilders, a major public-sector shipyard under India's Ministry of Defence (MoD), saw a significant rise of nearly 8.7 percent, reaching Rs 4,608 per share on Friday (Oct. 18).
Washington/IBNS: India's economic growth stands out as a bright spot in the global economy, according to World Bank President Ajay Banga, who highlighted that much of this progress is fueled by the domestic market.
Mumbai: Wipro Ltd announced a 21% rise in net profit for the September quarter, reaching Rs 3,209 crore compared to Rs 2,646 crore in the same period last year, media reports said.
Mumbai: Infosys, India’s second-largest software exporter, reported a 4.7% year-on-year (YoY) increase in net profit to Rs 6,506 crore for Q2FY25, although this fell short of estimates, media reports said.
Mumbai: Gurugram-based Vishal Mega Mart has filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 8,000 crore through an initial public offering (IPO), media reports said.
New Delhi: Canada is a major beneficiary of the India-Canada economic ties, Ministry of External Affairs spokesperson Randhir Jaiswal said on Thursday, asserting that the current crisis in the relations have been precipitated by the Justin Trudeau government’s baseless allegations.
Bengaluru/IBNS: Quick commerce startup Zepto is reportedly in discussions to raise $100-150 million from Motilal Oswal, Indian family offices, and high net worth individuals (HNIs), Moneycontrol reported, citing its sources.
California/IBNS: After laying off 11,000 employees in 2022 and another 10,000 in 2023, Meta is conducting another round of job cuts, though this time on a much smaller scale, reports the Verge.
Mumbai/IBNS: Hyundai Motor India Ltd's (HMIL) initial public offering (IPO) saw double the subscription on its third day of bidding, with bids for 19.96 crore shares compared to the 9.98 crore shares available, according to data from the NSE at 2 pm on Thursday (Oct. 17).
New Delhi/IBNS: The promoters of Haldiram Snacks Food Pvt Ltd, one of India’s leading snack manufacturers, have adjusted their strategy regarding the sale of company shares.
Mumbai/IBNS: The board of Tata Trusts is meeting today (Thursday, Oct. 17) to discuss the appointment of a third representative to the board of Tata Sons, reports Economic Times.
Due to the interdependence of world economies, events and data releases around the globe play a major role in the movements of markets across the world, including India. By learning how to analyze such worldwide economic data, investors may more effectively indicate Indian market opportunities as well. Using interpretation of key indicators from major economies as a forecast of trends that affect Indian stock, commodity, and currency markets becomes possible.
Mumbai: The Shapoorji Pallonji (SP) group is expected to make a Rs 1,800 crore interest payment to bondholders by the end of October, following the conclusion of the Gopalpur port stake sale and the launch of Afcons Infrastructure's initial public offering (IPO) next week, Moneycontrol reported.
New Delhi: The Income Tax department is planning to launch an upgraded e-filing platform, ITR E-Filing Portal 3.0, designed to be simpler and more user-friendly for filing returns, media reports said.
