Nike plans to slash 1600 employees
US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.
Finance
Indian equity markets rise for three consecutive days
Mumbai: Indian equity markets rose for the third consecutive day following positive global cues on February 15.
Sensex jumps over 300 pts
The BSE Sensex remained firm for the fourth consecutive session on Friday as it gained 319.34 pts at 72,369.72 in opening session as almost all sbuying was seen across the board.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ICICI Bank branch manager ran scam for years to meet performance targets: Report
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
Cisco to remove 5 percent workforce
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
Edelweiss Asset Management launches technology fund
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Eirich Group Germany opens new plant in Pune to make machinery and equipment both for India and worldwide
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Turms Intelligent Apparel secures funding on Shark Tank India
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ICICI Bank branch manager ran scam for years to meet performance targets: Report
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
Cisco to remove 5 percent workforce
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
Edelweiss Asset Management launches technology fund
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Eirich Group Germany opens new plant in Pune to make machinery and equipment both for India and worldwide
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Turms Intelligent Apparel secures funding on Shark Tank India
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Sensex spikes 167.06 points as market closes
The BSE Sensex on Friday rose 167.06 points to close at 71,595.49 following gains in oil and gas, metals, and utilities stocks.
Experts air mixed feelings over RBI's decision to keep the key policy rate unchanged
New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.
Mukesh Agrawal appointed Coal India’s new Director (Finance)
Kolkata: Mukesh Agrawal took over as Director (Finance) of Coal India Limited (CIL), the Maharatna public sector coal mining monolith, on Thursday.
Apollo Hospitals Q3FY24 Consolidated PAT grows to 60% to Rs 2,453 million
Mumbai: Apollo Hospitals, one of India’s leading healthcare providers, reported Rs. 2,453 million Profit After Tax (PAT) for the third quarter of FY24, demonstrating a notable increase of 59.87% from Rs. 1,535 million recorded in Q3FY23.
LIC Q3FY24: Profit grows 49% YoY to Rs 9,441 cr
Mumbai: The Life Insurance Corporation (LIC) of India announced a 49 percent surge in net profit to Rs 9,441 crore for the October-December quarter of the fiscal year 2023-24, an increase from the Rs 6,334 crore reported in the same period last year.
Bengal: Cash strapped Mamata Banerjee-govt presents Rs 3.6 lakh crore budget
Kolkata/IBNS/UNI: Finance Minister Chandrima Bhattacharya on Thursday presented a Rs 3.6 lakh crore budget for West Bengal for 2024-25 with a slew of benefits expanding assistance to the poor and common people ahead of the Lok Sabha election.
Parliament approves Finance and other appropriation bills after discussion
New Delhi/IBNS/UNI: The Parliament Thursday gave its nod to the Narendra Modi government's interim Budget with Rajya Sabha returning the Finance Bill 2024 and related appropriation bills after discussion.
Discovering India's Best Online Casinos: A Comprehensive Guide
In recent years, India's online casino scene has witnessed a remarkable transformation, evolving into a vibrant and diverse playground for enthusiasts seeking the thrill of real money gaming. Amidst this burgeoning landscape, finding the right online casino can be a daunting task, especially for those new to the digital realm of gambling. This comprehensive exploration delves into the intricate world of online casinos in India, offering insights and guidance to navigate this dynamic environment.
RBI keeps repo rate unchanged at 6.5%, pegs FY25 GDP growth at 7 percent
Mumbai/UNI: As widely expected by markets and policy-watchers, the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.50 per cent.
L&T construction wins orders for power transmission & distribution business
Mumbai: Larsen & Toubro (L&T), an engineering major, said on Wednesday that its Power Transmission & Distribution (PT&D) business has won multiple orders in India and the Middle East.
HDFC Bank raises $ 300 million through maiden Sustainable Finance Bond Issue
HDFC Bank Limited has announced that it has raised $ 300 million through its first-ever sustainable finance bond issue.
India ranks 38 out of 139 countries in World Bank's Logistics Performance Index Report 2023
New Delhi: India has been ranked 38 out of 139 countries in the World Bank's 'Logistics Performance Index Report (2023): Connecting to Compete 2023'.
ONGC, NTPC enter JV to set up offshore wind energy projects
Goa: India's leading oil producer ONGC and the country's largest power company NTPC signed a joint venture agreement on Wednesday to establish offshore wind energy projects, marking a significant stride towards enhancing cooperation in the renewable energy sector. This agreement was signed during India Energy Week.
Mubadala, Novo Holdings and CalPERS acquire minority stakes in Manipal Health Enterprises
Bangalore/Kolkata: Mubadala Investment Company (Mubadala), Novo Holdings and California Public Employees’ Retirement System (CalPERS) have acquired a minority stakes in Manipal Health Enterprises from Singapore-headquartered investment company Temasek.
BSE PSU Index outperforms Nifty 50 over past 5 years, analysis shows
Mumbai: The trend over the last five years show that the BSE PSU Index has demonstrated an impressive annualized return of 28%, nearly doubling that of the Nifty 50, according to DSP Mutual Fund Annual Note 2024.