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"business-news"

  • Citigroup transfers $81 trillion to customer’s account instead of only $280

    The error was missed by two employees but was spotted by a third employee after 90 minutes. ‘No funds left Citi’
  • EPFO retains 8.25% interest rate on employees’ provident fund

    After the government’s ratification, the interest rate on EPF for 2024-25 will be credited into accounts of over seven crore subscribers of EPFO
  • Sebi’s news chief Tuhin Kanta Pandey played key role in Air India privatisation, new I-T Bill

    The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on February 28
  • Sensex opens sharply lower on Feb 28, drops 840 points

    Selling seen in the auto, IT, PSU bank and metal sectors amid weak global cues, Nifty declines 254.15 points
  • OpenAI releases GPT-4.5, its best model for chat yet. Here is what it promises

    ChatGPT Pro users will be able to select GPT-4.5 in the model picker on web, mobile and desktop
  • 6 in 10 Indian employers to deploy AI to improve reward systems

    According to the report by EY India, employers are increasingly turning to AI to streamline processes like salary bench-marking, real-time pay equity analysis, and creating customisable employee benefits
  • India needs 1.2-1.5 tax buoyancy to achieve 6.5-7 per cent growth: EY

    The EY India Economy Watch report noted that over the past three years, gross tax revenue buoyancy has gently moderated, from 1.4 in 2024 to 1.15 in 2025 and projected to be 1.07 in 2026
  • Star Cement to set up Rs 3,200-crore plant in Assam

    Another agreement was inked between the Assam government and Matheson Hydrogen Pvt Ltd for a Rs 1,500-crore hydrogen and steam generation plant
  • IT sector FY25 revenues to grow 5.1 per cent to USD 282.6 billion  

    The industry is likely to cross USD 300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level: Rajesh Nambiar
  • India leads global IPO activity in 2024, raises over $19 billion

    Venture capitalists have shown increasing interest in the Indian IPO market as several major companies have gone public with venture funding this year
  • Swiggy’s valuation takes a big hit as stock plunges

    The online food aggregator's valuation, which soared past $16 billion or nearly Rs 1,32,800 crore in December 2024, has dropped to 50 per cent on NSE
  • Accessing government data made easy

    By serving as a one-stop reference, the compendium enables users to explore the availability, scope, and accessibility of government datasets effortlessly
  • Domestic air passenger traffic touches 150.3 lakh in January

    International traffic for Indian carriers also showed strong performance touching 248.9 lakh passengers in the first nine months of FY2025
  • Tata Steel becomes India’s first to develop hydrogen transport pipes

    The National Hydrogen Mission will enable India to build capabilities to produce at least 5 million metric tonnes (MMT) of Green Hydrogen per annum by 2030
  • boAt addresses ‘White Labelling’ allegations with ‘Rock in India’ campaign

    'Rock in India' campaign, presented as a short video featuring stand-up comedian Ravi Gupta, humorously tackles the misconception that boAt products are ‘Made in China’
  • Watchout! Pesticide residue in Patanjali red chilli powder, product recalled

    Product sample when tested by FSSAI were found not conforming to the maximum permitted limit of pesticide residue
  • HDFC Bank announces 2.2% rise in net profit at Rs 16,736 crores for December quarter

    HDFC Bank's gross non-performing assets (NPA) ratio rose during the December quarter
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