Business

Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year

Set up with an investment of over Rs.100 crores, the 1,60,000 sq. ft Phase-I facility is located on a 5-acre campus and is designed with an initial capacity to produce 4.8 GWh of high-capacity battery packs for electric vehicles and energy storage systems.

The Information and Broadcasting minister made these remarks after seven leading firms -- JioStar, Google, Adobe, Meta, Apple, NVIDIA and Microsoft -- exchanged Letters of Intent with the IICT on the sidelines of the World Audio Visual and Entertainment Summit (WAVES) here

The project will include theme parks, gaming zones, and global cinema co-production zones, and aims to drive job creation, skill development, tourism, and digital innovation

India’s biggest lender had earned a profit of Rs 20,698 crore in the January-March period of 2023-24

A provision in this regard has been added in Foreign Trade Policy (FTP) 2023 "to prohibit direct or indirect import or transit of all goods originating in or exported from Pakistan with immediate effect until further orders", it said in the notification dated May 2

Poonam Gupta, who assumed charge recently as Deputy Governor, gets monetary policy department

The Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation

KL Rahul, one of India’s most accomplished cricketers, as the first-ever Indian athlete to be named a global ambassador

Coal offtake refers to the volume of coal supplied from a coal pithead. It's different from coal production as it can include previously stored coal

During the company's second-quarter earnings call, Apple CEO Tim Cook said that Vietnam will become the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products sold in the US

A strong global market trend further bolstered investor sentiment, lifting equities. The 30-share BSE Sensex rallied 500.81 points to 80,743.05 in early trade, while the NSE Nifty advanced 110.65 points to 24,444.85.

Forex traders noted that GST collections surged to a record ₹2.37 lakh crore in April, indicating strong domestic demand. Additionally, upbeat sentiment was supported by a rally in domestic equities, fueled by consistent foreign fund inflows.

Cleaner production goes beyond green policies and lies in incorporating Social, Environmental and Economic aspects for a sustainable framework

Zomato, which re-branded itself to Eternal in March, reported a net profit of Rs 39 crore for the fourth quarter ended March

The company plans to hire many more fresh graduates to build a stronger workforce pyramid, especially since managed services projects have increased over the past two years, said Cognizant CEO Ravi Kumar

According to the Vestian report, Hyderabad holds 28 mn sft of vacant stock, the highest among the top seven cities and the stock is expected to rise further in 2025 due to a strong pipeline of upcoming supply in the city

Vizhinjam is India’s first dedicated transshipment port and also the country’s first semi-automated port. The deep-water port has been developed by Adani Ports and Special Economic Zone Ltd

The company has opened its first centre in Hyderabad at Nanakramguda Financial District

The Wall Street Journal (WSJ) reported that as sales and profits tanked with Musk focusing on his work with the Donald Trump administration, "Tesla's board began mulling a replacement, it also met with Musk, telling him he had to spend more time with Tesla"

As per the new guidelines, customers are now eligible for five free transactions every month from their respective banks. They will be charged if the limit exceeds

As part of its global sustainability strategy, the Positive Impact Plan, Flutter committed GBP 30,000 in 2024 to support local initiatives in Hyderabad, including cancer screening for 550 women and Data Science and Machine Learning education for 76 students.

"The Board has constituted such “Committee of Executives” to oversee the operations of the bank, under the oversight and guidance of the Oversight Committee of the Board till a new MD&CEO...assumes charge or a period of 3 months," IndusInd Bank said

New Delhi: Just days after Blinkit-Airtel SIM home delivery was announced with much fanfare, the service has been put on hold, sources said. The move came after DoT queried Airtel on the process being followed and made it clear that stipulated norms have to be complied with, the sources said. The Telecom Department recently circulated […]