Kotak veteran Manian quits, may join Federal Bank
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uXd17R6
Posts
FirstCry refiles IPO papers
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/G6p2nrh
India emerges as world’s services factory: Report
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EZUmoYR
Increasing global uncertainties may impact demand, India's exports: FIEO
The escalating geopolitical tension may have implications for the country's exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body Fieo said. The global uncertainties caused by the continuing war between Russia and Ukraine have impacted India’s outbound shipments in 2023-24, which recorded a decline of 3.1% to $437 billion. Imports too dipped by over 8% to $677.2 billion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YSGyZlo
Wipro CEO Pallia to get $4.5 million to $7 million in annual salary
Srini Pallia, Wipro's newly-appointed CEO, is set to receive an annual compensation package ranging from $4.5 million to $7 million, as disclosed in the shareholders' notice posted on the BSE on Monday. Pallia, a 32-year veteran of the company, assumed the role of CEO and MD on April 7 for a five-year term. He succeeds Thierry Delaporte, who departed before his tenure was scheduled to conclude in 2025. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GU7sE8z
Beyond Rs 76k-crore: Government to scale up semiconductor package
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q9eiftm
Days after putting off trip to India, Musk visits China, meets Premier Li
On a surprise visit to Beijing amid speculation that he may unveil Tesla's autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile. Li told Musk that China's huge market will always be open to foreign-funded enterprises. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WHsG8hK
No Service Tax liability for BookMyShow on transactions with credit card companies
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fMLNgJi
TN education dept orders setting up of school-specific committees to prevent corporal punishment
The Tamil Nadu school education department has directed district education officers to constitute school-specific monitoring committees to prevent corporal punishment. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/d0rPRIs
ICICI Bank Q4 net profit jumps 17.4% to 10,708 crore, asset quality improves
ICICI Bank, the second-largest private lender, has reported a net profit of Rs 10,708 crore for the quarter ended March 2024, marking an increase of 17.4%, surpassing analyst forecasts. The bank’s board has recommended a dividend of Rs 10 per share. At the end of the quarter, the bank’s deposits stood at Rs 14,12,825 crore, up by 19.6% from March 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iDg30qH
Mandatory service charge 'unfair', Mum eatery told to refund amount
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6BORH8u
India’s first: Japanese Sharp looks to set up display fab unit
India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres facility that will be used to cater not just to the domestic demand but also exports. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jMtTpKl
Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes
The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC is now an even tougher task as the lessors are learnt to be wooed by both Tata’s Air India and cash-rich IndiGo to get around 15 of the Airbus A320 family planes which could fairly quickly be made airworthy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CVDsbOo
ICICI blocks 17k cards over glitch
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hQWJNSu
Axis pips Kotak Bank as 3rd most valued private bank
Axis Bank overtook Kotak Mahindra Bank on Thursday to become India's third most valued private lender after a rout in the latter's stock. Kotak Bank's stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, citing repeated failures to fix "serious deficiencies" in its IT system. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Kns4pdQ
Vi got a new lease of life, says Birla
Aditya Birla Group chairman Kumar Mangalam Birla said the Rs 18,000-crore fund-raise has given Vodafone Idea a "fresh lease of life", and set the stage for a "smart turnaround". "Vi is not just a telecom company, it's a national asset with 215 million users and about 8,000 MHz spectrum," said Birla. Investors in Vodafone Idea made a 26% return within a week as the shares of the telecom services company, which were offered at Rs 11 apiece in an FPO, closed at Rs 13.9 on the BSE. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HIVg1pw
AI inside most apps you use
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dXJvymE
Infosys narrows revenue gap with Cognizant
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IDzU3ut
Tanker, insurance rates unmoved by Israel-Iran conflict
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XcsbqfU
How India's digital public infrastructure can push inclusive global growth
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3LnjUGC
Our govt focusing on research, innovation in big way: PM Modi as QS chief lauds Indian universities
On Tuesday, Prime Minister Narendra Modi emphasized his government's significant emphasis on research, education, and innovation. This follows accolades from QS president Nunzio Quacquarelli, who praised the remarkable improvement in Indian universities' performance. Quacquarelli highlighted that Indian universities have showcased the highest performance enhancement among all G20 nations this year, with a noteworthy 14 percent year-on-year improvement in their average ranking, as stated in a recent social media post. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/3HvQazI
RBI: Heatwaves, geopolitical tensions may stoke inflation
According to Tuesday's state of the economy report by the RBI, extreme weather events and persistent geopolitical tensions may contribute to inflation risks, while also potentially causing fluctuations in crude oil prices. The report highlighted a positive trend in real GDP growth, supported by robust investment demand and optimistic sentiments among businesses and consumers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rJW32nw
Startups raise $2 billion in Q4, 40% less than a year ago
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VZAShBz
RIL's Q4 profit flat at Rs 21k crore, revenue rises 11% to Rs 2.4 lakh crore
Reliance Industries reported a nearly unchanged quarterly profit, while its revenue increased by 11% to Rs 2.4 lakh crore. This growth was driven by the robust performance of its oil & gas and oil-to-chemical (O2C) segments, as well as the rapid expansion of its retail and digital services (Jio) divisions. The company recorded a profit of Rs 21,243 crore in the fourth quarter of FY24. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/c50ld8Q
TCS links variable pay to work from office
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iWkpCJF
'Post-Covid, 25% rise in Indians taking over 3 trips per year'
Indians are embracing travel and spending with unprecedented enthusiasm. Post-Covid, there's a 25% surge in those taking over three trips annually. Advance international bookings are back, replacing spontaneous travels of 2020-2021. These insights stem from MakeMyTrip's "India Travel Trends Report," drawing from the travel habits of over 100 million active users. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Fa0Ifmy
AP SSC Result 2024 out on Apr 22: Where and how to check
AP SSC Result 2024 to be declared on April 22 at 11 AM. Students advised to collect original mark sheets. Previous year's pass rates showed girls outperforming boys. Options available for unsatisfied students with associated fees. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/K8xFGB9
Our policies aim to attract manufacturers to India: FM Nirmala Sitharaman
On Saturday, Union finance minister Nirmala Sitharaman emphasized that the government has crafted policies aimed at positioning India as an appealing hub for both manufacturing and services. She highlighted the objective of not only catering to the domestic market but also bolstering exports. Sitharaman's remarks came in response to a question regarding the postponement of a meeting between Prime Minister Narendra Modi and American tech mogul Elon Musk. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ecMsKfR
EPFO added 7.8 lakh new members in February, 56% of them aged 18-25 years
In February, the Employees Provident Fund Organisation (EPFO), responsible for retirement funds, saw an increase of 1.55 million net members, with nearly 780,000 being new additions, according to recently released data. An important observation from the data is the prominence of the 18-25 age bracket, comprising a substantial 56.4% of the total new members in February. This suggests that the bulk of those entering the organized workforce are young individuals, mostly first-time job seekers, as stated in an official announcement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PUknYXt
Iran-Israel conflict unlikely to hit oil supply
West Asia oil shipments remain stable amidst Israel-Iran tensions. Speculators influence Benchmark Brent prices. Opec's Hai Tham al-Ghais engages with India on oil imports. Potential disruption if Hormuz Strait blocked."} from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QmypX4v
Hardeep Singh Puri discusses global oil markets with OPEC secretary general
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LfCM05c
Infosys returns 1.1 lakh crore to shareholders in 5 fiscal years
Infosys returned Rs 1.1 lakh crore to shareholders in 5 years, equals $12.8B. Unchanged 85% distribution policy. 15 payouts made, Rs 80,000 crore through dividends. Investor receipt by FY24: Rs 377.5/share. Rs 26,800 crore returned via buybacks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/v3dELmJ
Vodafone Idea eyes fresh bailout to convert dues into equity
Vodafone Idea seeks govt aid for Rs 2.3 lakh crore dues, requesting payout conversion for efficient operations and investor confidence. CEO Moondra highlights the need for govt support to ensure sustainability and healthy competition, with equity installment conversion option available. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QkRbF9v
Rupee hits new low of 83.54 per dollar as global tensions mount
Rupee closed at 83.54 against the dollar, Asian currencies weakened. Dollar index rose. Geopolitical tensions impact currency markets. Analysts predict RBI rate cuts delayed due to rupee fall. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FUkDZlA
Musk's satellite business Starlink gets in-principle government nod
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DzRop7A
Now, private banks must seek CEIB clearance for high-value loans
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9PwDrGu
FY25 will be better than FY24: TCS CEO
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eNihmuS
West Asia conflict may cast shadow on India, global economy
The recent escalation in tensions, particularly following Iran’s drone offensive, is causing concern among finance ministers and central bank chiefs. The primary impact is expected on oil prices, which surged to $92.2 a barrel, posing risks to global economic stability. In India, while pump prices may not immediately rise due to elections, increased oil prices could strain government subsidies and impact inflation and deficits. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XiIFVw1
Several teacher associations in Bengal express concern over functioning of HEIs
Teacher associations in West Bengal protest against the state government and governor's interference in higher education institutes, demanding autonomy restoration and full-time appointments following UGC rules to ensure democratic environment in campuses. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/FJWmOB8
Universities must continue to be relevant to society, contribute to upliftment, says ex-president Kovind
Ram Nath Kovind highlighted the importance of universities aligning with national missions and embracing technological advancements at the convocation ceremony of Dr D Y Patil Vidyapeeth in Pimpri, attended by ISRO chairman Somanath S and S B Mujumdar. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/uPYN4kV
'Bournvita confidence' jolted? No 'health drink' label on ecommerce sites
Government advises ecommerce platforms to remove Bournvita from health drinks category due to health concerns following a probe by the National Commission for Protection of Child Rights, impacting Mondelez brands like 5-Star, Cadbury, and Oreo. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I86zJWb
IMF greenlights further $360 million in Ghana aid
The International Monetary Fund on Saturday said it had validated a fresh tranche of aid of $360 million for Ghana as the country seeks to exit an economic crisis. The country has, along with other African states, also been hard hit by economic fallout from the coronavirus pandemic as well as the Russia-Ukraine war. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Psn243V
Sensex falls 793 points as FPIs weigh Mauritius tax issue
Investor sentiment was impacted by tax treaty changes between India and Mauritius, leading to a 1.1% drop in Sensex. Nifty closed at 22,519. Various factors like US inflation, West Asia tensions, and FPI outflows contributed to market volatility. Foreign portfolio investors were net sellers at Rs 8,027 crore, which translates to nearly $1 billion from the stock market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GoQW1jz
Gold surges as Middle East tensions spur safe-haven rush
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/s0l5wCN
Standalone health insurance business grows 2x industry's pace
Standalone health insurance companies outpaced general insurance growth in FY24, with an annual premium of nearly Rs 2.9 lakh crore. They offered high-value policies and expanded coverage, while new players entered the health insurance market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pTsgdHB
Worst is behind us, we have stabilised operations: Vistara CEO
Vistara CEO Vinod Kannan stabilised operations after disruptions due to inhumane rostering. The airline faces challenges like ATC delays, bird hits, maintenance issues, and integration heartburn. Despite setbacks, Vistara aims to maintain brand reputation and customer satisfaction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HXbWR9r
French carmaker Citroën begins export of electric vehicle made in India
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GXS3Mt1
Small-cap mutual funds see outflows for first time in over 2 years
Small-cap schemes recorded a net outflow of Rs 97 crore in March, data released by industry body Amfi showed. Markets regulator Sebi's warning that there could be some 'froth' building in small and medium-cap stocks seems to have prompted investors to shift part of their money to other equity-oriented ones. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HxcBpV9
US inflation picks up, raises rate concerns
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4aGodBR
Hungry for returns, investors SIP on stocks
Retail investors surged on Dalal Street, with 15 crore demat accounts. Mutual fund folios reached 11 crore, while equity assets grew. SIPs rose to Rs 19,000 crore amidst foreign fund selloffs, supported by financialisation of savings and digitisation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oxqGJRQ