Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Category: Corporate
Meta CEO Zuckerberg apologies to families at social media hearing in US
When Senator Josh Hawley (R-MO) pressed Zuckerberg to apologise to families who attended the hearing, calling attention to kids who were targeted by predators online, Zuckerberg offered his apology.
SpiceJet deposits TDS of Rs 100 cr for the last fiscal year
Airline SpiceJet, which recently received a Rs 900 crore infusion, has deposited the Tax Deducted at Source of about Rs 100 crore for all employees for the last fiscal year, according to an internal communication by CMD Ajay Singh.
Centre slashes import duty on mobile phone parts to 10%
In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent.
Zomato gets RBI approval to operate as 'online payment aggregator'
Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato Payments Private Limited (ZPPL) has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payment Aggregator'.
India’s first Airbus A350 takes wings with passengers from B’luru to Mumbai
Air India on Monday launched its maiden scheduled commercial flight with the country’s first Airbus A350-900 -- also the first aircraft in the new bold Air India livery -- heralding a new era for Indian aviation.
Tata Steel to shut blast furnaces at UK plant; 2,800 jobs likely to go
Tata Steel said on Friday that it will be shutting down the two blast furnaces in its plant in the UK by the end of this year, which would result in the loss of up to 2,800 jobs at the company's Port Talbot steelworks in Wales.
FPIs sold equity massively for Rs 20,480 cr in last 2 days
An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Samsung gears up to herald ‘AI smartphone’ era with Galaxy S24 series
The 'Circle to Search' feature is described as "Search any image, video, or text on your screen. Circle, highlight, scribble, or tap to pinpoint what you’re curious about, no screenshots necessary".
Infosys surges 7% to power Sensex gains of more than 600 points
Tech Mahindra is up more than 4 per cent, Wipro is up more than 4 per cent, TCS is up more than 3 per cent. BSE Sensex is trading up 631 points at 72,352 points.
Customer benefits being kept in mind while regulating Fintechs: RBI Guv
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that post-pandemic digital lending has seen an exponential rise in India and at the same time, it has also raised a host of business conduct issues on which the central bank was keeping a close watch.
Over 30 Boeing 737 Max 8 with Indian operators inspected, no adverse findings: DGCA
The Directorate General of Civil Aviation (DGCA) on Monday said that checks and inspection of the Boeing 737 Max 8 aircraft by Indian operators have been satisfactorily performed on the fleet, with no adverse findings.
Piramal to adjust Rs 3,164 cr AIF exposure to comply with new RBI order
Piramal Enterprises has decided to adjust Rs 3,164 crore worth of exposure in Alternative Investment Funds (AIFs) in its financial statements through capital funds or provisions in order to comply with the latest RBI norms in this regard.
Seized SpiceJet aircraft released after Dubai court decision
SpiceJet flight carrying passengers from Ahmedabad to Dubai, which was diverted minutes before landing, and seized by a lessor recently has been released after Dubai International Financial Centre (DIFC) Court’s order.
Unacademy's Graphy slashes about 30% jobs amid restructuring
Edtech platform Unacademy-owned software-as-a-service platform Graphy has laid off about 20-30 per cent of its workforce, or nearly 50 employees, in the last few weeks, as part of a restructuring exercise, media report said on Thursday.
Bitcoin rocketing higher, topping $35,000 for the first time since May 2022
BlackRock applied in June to register a bitcoin spot ETF, which is pending approval. The company is the largest provider of ETFs in the world, managing trillions of dollars of assets. A BlackRock bitcoin ETF would give the cryptocurrency a new sense of legitimacy.
'Suspicious' payout that exposed Rs 16,000 cr scam bigger than PNB con
The police investigators said that the Safexpay’s Payout Platform was allegedly hacked by certain unknown entities, and the subsequent probe has shown that at least Rs 16,180 crore has been siphoned off, including some monies transferred abroad.
Suzuki eyes to make India its global electric car manufacturing hub
Maruti Suzuki's parent Suzuki Motor Corporation plans to make India its global electric car manufacturing hub with the first batch of vehicles expected to be rolled out as early as 2025, according to a news report.
Nifty surpasses 19800 mark on all round buying
Benchmark indices closed higher on Tuesday with Nifty surpassing 19,800, thanks to widespread buying across various sectors, says Mandar Bhojane, Equity Research Analyst, Choice Broking.
Sitharaman calls for private sector capital funding for SDGs
Private sector capital must complement the efforts of governments and multilateral institutions in pursuit of sustained financing needed for sustainable development goals (SDGs), Finance Minister Nirmala Sitharaman said on Saturday.
Indian Oil, BPCL, HPCL to take a hit due to soaring crude prices: Moody’s
The report points out that the market margins of the three oil companies -- the difference between their net realized prices and international prices -- have already weakened significantly from the high levels seen in the April-June quarter of the current financial year.
'Rs.18,000-22,000 crore impact on Indian GDP by World Cup Cricket'
The Cricket World Cup being held in India will impact the country’s gross domestic product (GDP) with an additional output of about Rs 18,000-22,000 crore and the gross value added (GVA) will be about Rs 7,000-8,000 crore and will have a very minimal impact on the inflation, said a report by two economists of Bank of Baroda.
RBI should hold repo rate, reduction in rate in near future preferable: Industry
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to retain the repo rate at the current level though a reduction in the rate in the near future is preferable, said officials in the real estate and financial services sectors.
GST collections rise 2.2% to stand at Rs 1,62,712 crore in September
Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST was Rs 83,623 crore (including Rs 41,145 crore collected on import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods).
Delta Corp plummets over 18% after intimation to pay Rs 11,139 cr in GST
A show-cause notice will also be sent to the company if it doesn't comply. The sum asserted in the DG Notice is calculated using the total gross bet value of all games played at the casinos during the applicable time, said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.