Business
-
DMart operator Avenue Supermarts’ net profit dips in Q4 FY25, expenses soar
New Delhi: Radhakishan Damani-founded Avenue Supermarts Ltd, which operates supermarket chain DMart, on Saturday reported a significant dip in its consolidated net profit at Rs 550.79 crore in the Q4 of FY25,…
-
SBI Q4 profit declines as margins fall; expects tariffs to impact loan growth in FY26
Mumbai: State Bank of India on Saturday reported an 8.34 per cent decline in its consolidated net profit to Rs 19,600 crore for the January-March quarter compared to Rs 21,384 crore a…
-
Smartphone sales up 3 pc globally in Q1, average selling price grows 1 pc
New Delhi: The global smartphone market’s revenues clocked 3 per cent annual growth in Q1 2025, according to a new report. The average selling price (ASP) grew 1 per cent (year-on-year) to…
-
Outlook for rupee turns more positive as India remains attractive bet for investors
New Delhi: Given India’s strong macro fundamentals and growth prospects, it remains an attractive bet for investors and this, along with stable domestic macros and stable external position, are likely to provide…
-
Ineligible won’t be given Indiramma houses in Telangana: Ponguleti
Hyderabad: Housing and revenue minister Ponguleti Srinivasa Reddy stated that if people were found to be ineligible beneficiaries for the Indiramma Illu housing scheme, even if the construction of their houses may…
-
Swiggy shares hit 52-week low, fall over 43 pc this year
Mumbai: Swiggy’s share price touched a 52-week low on Friday, before recovering slightly to close at Rs 305.4, down by Rs 11, or 3.48 per cent, on the National Stock Exchange (NSE).…
-
Sensex, Nifty trade in green amid positive global cues
Mumbai: The Indian stock indices opened in the green on Friday following positive cues from the global markets. At 9:22 am, Sensex was up 350 points or 0.44 per cent at 80,592…
-
Absolutely false: Tesla chair denies report about replacing Musk as CEO
New Delhi: After a report claimed that electric car maker Tesla’s board is planning to replace Elon Musk as CEO, Robyn Denholm, Chairman of the board of directors at Tesla Motors, on…
-
GitHub Copilot surpasses 15 million users, India a bright spot
New Delhi: GitHub Copilot has surpassed 15 million users, growing more than 4 times year-over-year, the company has informed. This follows the recent announcement that the number of developers building on GitHub…
-
75 pc of Indian businesses localise data as AI becomes core to strategy: Report
Mumbai: As many as 75 per cent of companies in India are reshaping their infrastructure and location strategies based on data needs, marking a significant shift in how artificial intelligence (AI) is…
-
RBI approves executive committee to oversee IndusInd Bank operations
New Delhi: The Reserve Bank of India (RBI) has approved the constitution of an interim committee to oversee the operations of IndusInd Bank, which will discharge the duties, roles and responsibilities of…
-
Indian stock market opens flat amid geo-political tensions
Mumbai: The domestic benchmark indices opened flat on Wednesday amid mixed global cues and geo-political tensions, as selling was seen in the PSU bank and financial service sectors in the early trade.…
-
Meta launches AI app, Zuckerberg chats with Microsoft CEO at developer conference
California: Working to differentiate itself in the crowded field of artificial intelligence, Meta Platforms has launched a standalone AI app — with a social media component — to compete with OpenAI’s ChatGPT.…
-
RBI’s move to inject liquidity seen as a positive for bond prices
Mumbai: The Reserve Bank has decided to inject more liquidity into the banking system through the purchase of Government bonds for an aggregate amount of Rs 1.25 lakh crore in May. The…
-
Rupee rises 27 paise to 84.96 against US dollar in early trade
Mumbai: The rupee appreciated 27 paise to 84.96 against the US dollar in early trade on Tuesday, supported by robust foreign fund inflows, stronger domestic data, and easing global tensions. Forex traders…
