Business
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Delhi HC allows Tatas’ appeal against cryptocurrency ‘TATA Coin’
New Delhi: The Delhi High Court on Monday allowed an appeal by Tata Sons Private Ltd to grant an ad-interim injunction against Hakunamatata Tata Founders and others using the former’s trademark for…
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Kineco bags Rs 113 cr order for Vande Bharat trains, parent Indo National’s shares shoot up
Chennai: City-based Indo National Ltd — the makers of Nippo brand of batteries and torches — said on Monday that its subsidiary Kineco Ltd has bagged a Rs 113 crore order for…
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Sitharaman seeks enhanced lending from International Finance Corporation
New Delhi: Finance Minister Nirmala Sitharaman on Monday underlined India’s expectations of getting enhanced lending from the International Finance Corporation (IFC) to the tune of $2-2.5 billion in the next one to…
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Indices ends higher, Sensex up more than 300 points
Mumbai: India’s benchmark indices ended up on Monday with Sensex rising more than 300 points and Nifty ending over 90 points. At close, Sensex ended 300.44 points, or 0.51 per cent, up…
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SBI to raise upto Rs 4,000 cr via Basel-III Tier-II bonds
Mumbai: The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, which includes Rs 2,000 crore in greenshoe through Basel-III Tier-II bonds maturing in 15-years, dealers said.…
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Most Indian won’t use print-out at home service like offered by Blinkit
New Delhi: Only 14 per cent of consumers in India would use 10-minute delivery platforms to get print-outs delivered at home, a report said on Monday, as Zomato-owned Blinkit recently started printout…
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Ola laying off 500 employees from its software verticals: Report
New Delhi : As the sale of its electric two-wheeler declines, ride-hailing major Ola is reportedly laying off nearly 500 employees in another round, this time from its various software verticals of…
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Samsung logs record chip market share, Intel at distant second
Seoul: Samsung Electronics expanded its market share of the global semiconductor industry in the second quarter, maintaining its top spot, a research report showed on Monday. Samsung’s chip revenue for the April-June…
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Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%
New Delhi: Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last…
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How private 5G, satellite internet services can cost dearly to companies
New Delhi: As players like Elon Musk’s SpaceX, Hughes Communications India (along with ISRO) and Amazon ramp up efforts to provide affordable internet services via low-earth orbit (LEO) satellites, the business model…
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‘Make in India’ smartphones share reach 16% with 44 mn units
New Delhi: In order to meet the criteria for performance-linked incentive (PLI) scheme, ‘Make in India’ smartphone shipments grew 16 per cent year-on-year to reach 44 million units in the first quarter…
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Maha: FDA cancels Johnson & Johnson’s licence to make baby powder
Mumbai: The Maharashtra FDA has cancelled the baby talcum powder manufacturing licence of Johnson & Johnson (J&J), from its sole plant in the state at Mulund, officials said. The FDA said that…
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Adani becomes India’s second largest cement player
Mumbai: The Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of…
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Rupee falls 7 paise to close at 79.78 against US dollar on forex outflows
Mumbai: The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday, tracking a strong dollar in overseas markets and losses in domestic equities. At the interbank…