Business
-
Apple, other major firms pull ads from X, Here’s why
San Francisco: After tech major IBM, iPhone maker Apple has also reportedly pulled advertising from X as its owner Elon Musk continues to endorse far-right viewpoints and agrees with posts that promote…
-
IndiGo soars high with over 2K daily flights, achieves new milestone in Indian aviation
New Delhi: IndiGo has achieved a historic landmark by surpassing the milestone of over 2,000 planned flights a day, making it the first airline in the country and marks a significant leap…
-
Hyundai Group chief resigns as chair of board at elevator unit
Seoul: Hyundai Group Chairwoman Hyun Jeong-eun will step down as chair of the board of directors at the group’s elevator unit next month to help improve its governance structure, the company said…
-
Amazon laying off hundreds in Alexa division, India team impacted
San Francisco: Amazon is laying off “several hundred employees” from its Alexa devision, including in India, amid a renewed focus on artificial intelligence (AI), the media reported on Friday. In a memo…
-
India’s 4-point action plan can make Global South a key player in supply chain: Piyush Goyal
New Delhi: The Global South needs to discuss ways and means for countries to act together to ensure that our supply chains are more open, secure and resilient, Commerce and Industry Minister…
-
India stands to gain as crude oil prices fall to 4-month low
New Delhi: With crude oil prices falling to a 4-month low in the international market, the Indian economy is expected to get a shot in the arm. The country’s current account deficit…
-
SBI to soon launch ‘Yono Global’ app in Singapore and US
Singapore: State Bank of India (SBI) will soon launch its banking mobile app Yono Global’ in Singapore and the US, offering digitalized remittance and other services to its customers, Vidya Krishnan, Deputy…
-
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
New Delhi: Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India’s (RBI) action raised the risk weightage on unsecured loans. RBL Bank is down…
-
Mutual fund holdings beyond top 500 stocks spike to 2018 highs
New Delhi: Mutual fund holdings beyond the top 500 stocks as percentage of market volumes of the top 500 stocks have now started surpassing 2018 highs, a report said. The curve had…
-
SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery
New Delhi: Japanese investment giant SoftBank is going to sell its stake worth $150 million in logistics firm Delhivery, media reported on Thursday. According to Moneycontrol, citing sources, SoftBank is likely to…
-
RBI slaps Rs 91L fine on Axis Bank for breach of norms
Mumbai: Reserve Bank of India (RBI) on Thursday said that it has imposed a penalty of Rs 90.93 lakh on Axis Bank for breach of norms. The breach relates to directions issued…
-
Personal loans from banks, NBFCs may get costlier as RBI tightens norms
Mumbai: The Reserve Bank on Thursday tightened norms for unsecured personal loans for banks and non-banking financial companies. The revised norms wherein risk weights have been increased by 25 percentage points will not…
-
Several top large-cap stocks have hardly given any returns in past 2-3 yrs
New Delhi: Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a…
-
Sensex scales 66K mark with 400-point jump
New Delhi: BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points. BSE Sensex is trading above 66,000 points, NTPC leads the gains up by 2 percent,…
-
Rupee jumps 24 paise against US dollar
Mumbai: The rupee appreciated 24 paise to close at 83.09 against the US dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than…
