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"business-news"

  • Parameswaran Iyer to represent India on IMF Board at key meet on Pakistan loan

    Iyer will represent India on the IMF Board as the slot has fallen vacant following the recall of KV Subramanian as the country’s executive director, six months ahead of his three-year tenure
  • US expects to seek tariff cuts, regulatory reforms in trade deal with India: GTRI

    In the agri sector, the Global Trade Research Initiative (GTRI) said the US demands include scaling back India's minimum price support (MSP) programs for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs
  • CII unveils guidebook on effective adoption, governance of AI for board leaders

    AI requires careful governance to fully harness its potential while mitigating the risks and challenges it presents, CII said in a release, adding that the guidebook aims to serve as an effective tool for the board of directors to navigate the intricate landscape of AI governance and drive better business outcomes
  • Centralised KYC system in works: Tuhin Kanta Pandey

    The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions
  • Petrol, diesel demand rises 4 per cent in April as summer fuels consumption

    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
  • Huge interest among global firms to collaborate with Indian Institute of Creative Technology: Vaishnaw at WAVES event

    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
  • Andhra Pradesh govt inks Rs 10,000 cr deal to build AI-powered transmedia city ‘Creatorland’

    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
  • SBI Q4 profit declines 10 per cent to Rs 18,643 crore

    India’s biggest lender had earned a profit of Rs 20,698 crore in the January-March period of 2023-24
  • India bans direct, indirect imports of all goods from Pakistan

    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
  • RBI data: Rs 2000 notes worth Rs 6,266 cr still in circulation after 2 years

    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
  • Paul & Shark sign up with KL Rahul

    KL Rahul, one of India’s most accomplished cricketers, as the first-ever Indian athlete to be named a global ambassador
  • Coal India Ltd’s coal offtake drops to 63.4 MT in April

    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
  • Majority of iPhones sold in US will be made in India in June quarter: Apple CEO

    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
  • Eternal to shut Zomato Quick, Everyday businesses

    Zomato, which re-branded itself to Eternal in March, reported a net profit of Rs 39 crore for the fourth quarter ended March
  • Cognizant to hire 20,000 freshers

    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
  • Hyderabad has maximum vacant office space among major Indian cities

    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
  • Prime Minister Modi to commission Vizhinjam seaport on May 2

    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
  • alt.f coworking opens facility in Hyderabad with over 1,200 seats

    The company has opened its first centre in Hyderabad at Nanakramguda Financial District
  • IndusInd Bank appoints ‘committee of executives’ to run bank following CEO’s resignation

    "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
  • Blinkit-Airtel SIM home delivery on hold; DoT asks telecom service to abide by stipulated KYC norms

    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 […]
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