New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.
New Delhi/IBNS: The Adani Group CFO has taken a dig at an investigating report claiming the conglomerate was involved in the alleged coal scam.
New Delhi: Concentration of critical minerals in certain geographic regions like China render global supply chains vulnerable to disruptions leading to increased price volatility. This poses significant challenges to India’s energy security due to its total reliance on imports of critical minerals like lithium, cobalt, and nickel, which are essential for the green technology transition needed to meet its net-zero commitments by 2070, rating agency ICRA noted in a report.
Legal Entity Identifier (LEI) is a way to maintain transparency and security in the business and financial world. It helps businesses and investors learn more and verify someone's identity and background.
Mumbai: Vedanta Ltd aluminium business will stop adding coal-fired capacity, indicating a major shift towards renewable energy, media reported
Mumbai: State-owned Power Grid Corporation reported a nearly four percent decrease in its consolidated net profit to Rs 4,166.33 crore for the March 2024 quarter, primarily due to a slight decline in income.
Mumbai: Leading pharmaceutical company Sun Pharmaceutical Industries Ltd announced a consolidated net profit of Rs 2,654.5 crore for the March quarter, a 34 percent increase from the same period last year, media reported.
Mumbai: FSN E-Commerce Ventures, the owner of personal care (BPC) firm Nykaa, reported a rise in its Q4FY24 net profit of Rs 9 crore, growing more than four times from Rs 2 crore the same period last year.
New Delhi: The Indian government has decided to develop its own expertise in the field of artificial intelligence (AI) by creating the base for a custom foundational model meant to meet the needs of Indian companies, entrepreneurs, academics, and researchers, reported The Economic Times citing sources.
Mumbai/IBNS: Foreign institutional investors (FIIs) sold over $3 billion (Rs 25,000 crore) in Indian equities in the first half of May, with National Securities Depository Limited (NSDL) data showing that more than 90 percent of the selling concentrated in five sectors, including Financial, Information Technology (IT), Construction, Oil and Gas, and Fast-Moving Consumer Goods (FMCG), media reports said.
Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.
New Delhi: Digital payments firm Paytm reported a consolidated loss of Rs 549.6 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24), up from Rs 168.4 crore in the same quarter the previous year, media reported.
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases related to unpaid dues to operational creditors, media reports said.
New Delhi/IBNS: The Food Safety and Standards Authority of India (FSSAI) has not found ethylene oxide (ETO), a cancer-causing chemical, in the sample spices of MDH and Everest, officials said on Tuesday.
New Delhi/IBNS: The Securities and Exchange Board of India (SEBI) has issued fresh guidelines to manage the stock market impact arising out of market impacts, according to reports.
Mumbai: Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) reported an increase in PAT in Q4FY24 at Rs 47 crore as against Rs 35 crore in Q4FY23.
Mumbai: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) reported a drop in PAT in Q4FY24 at Rs 55 crore as against Rs 79 crore in Q4FY23.
Mumbai: Bitcoin (BTC) surged above $71,000 early Tuesday, its highest level since early April, while Ether increased by over 19% to $3,700, media reported.
Silver prices fell on Tuesday after reaching a multi-month high in the previous session. The decline was prompted by cautious comments from U.S. Federal Reserve officials and profit-taking by investors, reported fxempire.
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
New Delhi: State-owned Bharat Heavy Electricals Limited (BHEL) on Tuesday reported a consolidated net profit of Rs 489.62 crore for the January-March quarter (Q4) in the financial year 2023-24 (FY24).
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New Delhi: The markets regulator SEBI has revised the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.
New Delhi: The government has asked its state-run oil refiners and private company Reliance Industries Ltd. to collaborate on negotiating a long-term supply agreement with Russia, Bloomberg reported.
New Delhi/IBNS: Competition Commission of India (CCI)'s chairperson Ravneet Kaur on Monday said that the country's apex national competition regulator will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year.
Mumbai/IBNS: Silver prices on Monday (May 20) climbed by 4.66 percent, settling at 95267, fueled by strong investment and industrial demand, reports said.
Mumbai: Akzo Nobel India reported a 14% year-on-year increase in its fourth-quarter net profit, reaching Rs 108.8 crore.
Kolkata: Amazon India has announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space.
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