Business
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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…
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RBI article favours frontloading of monetary policy actions to tame inflation
Mumbai: An RBI article on Friday favoured frontloading of monetary policy actions, such as interest rate hikes, to contain inflationary pressures without sacrificing medium-term economic growth prospects. The article titled ‘State of the…
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Tim Cook greets first iPhone 14 buyers at iconic NY store
New York: Apple CEO Tim Cook on Friday visited the prestigious Fifth Avenue store in New York City to greet fans queued up to buy the new iPhone 14 series and Watch…
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RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley
Mumbai: The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to…
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Gautam Adani becomes second richest person in the world – Know details
Mumbai: Adani Group’s chairman Gautam Adani on Friday became the first Indian to become the second richest person in the world. With a net worth of $154.8 billion, he bagged the second…
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IRCTC causing loss to exchequer by not issuing invoice: Tax consultant
Chandigarh: The Indian Railway Catering and Tourism Corporation (IRCTC), a public sector undertaking under the Ministry of Railways, is causing loss to the exchequer by not issuing invoice to the consumers for…
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SBI says it’s not a nodal bank for Russia-related transactions
New Delhi :The country’s largest lender, State Bank of India (SBI) on Thursday clarified that it has not been identified as a nodal bank for handling Russia-related transactions. The clarification by the…
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Indian diplomats upset with Punjab CM’s false claim on BMW setting manufacturing plant
New Delhi: The diplomats in the External Affairs Ministry in India and the abroad are upset with the claims made by the Punjab Chief Minister Bhagwant Mann about setting up of a…
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Adani Ports to enhance capacity of Bengal’s Haldia dock
Ahmedabad: HDC Bulk Terminal Ltd (HBTL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility and part of the Adani Group, has signed the…
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5G service to be rolled out in Odisha in first phase: Vaishnaw
Bhubaneswar: High-speed 5G services will be rolled out in many parts of the country, including Odisha, very soon, Communications and IT Minister Ashwini Vaishnaw said on Thursday. Interacting with reporters in Puri,…
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Malware in 28 games like Roblox, Minecraft exploit 384K players’ financial data
New Delhi: Popular games like Roblox, FIFA, PUBG and Minecraft are among 28 games that were exploited by malware between July 2021 and June this year, affecting more than 384,000 users via…
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Oracle Cloud biz sees 100% growth in India, doubles customer base
New Delhi: Cloud major Oracle on Thursday said its India business saw a tremendous growth in the first quarter of FY23, with the Oracle Cloud Unit (OCI) clocking over 100 per cent…
