Business

UltraTech to acquire India Cements; buy 32.72 pc promoters’ stake for Rs 3,954 cr

New Delhi: Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal to expand its…
Market Outlook: Q1 results, PMI data, Fed meeting key factors for next week

Mumbai: Indian equity indices witnessed a stellar rally last week. This is the eighth consecutive week when frontline indices posted gains as positive sentiment due to the robust budget which was presented…

Gen X emulates millennials’, Gen Z’s spending on travel, F&B and services

New Delhi: An increasing number of Gen X customers, those in the age group of 41-60 years, are spending more online on travel, food and beverages (F&B) and services categories like millennials’…
India now home to more than 1.4 lakh startups: Union Minister

New Delhi: India now has more than 1.4 lakh startups, as the government continues to nurture innovation and encourage investments in the ecosystem, Union Minister of State for Commerce and Industry, Jitin…
India’s Digital Public Infrastructure goes global, says minister

New Delhi: India’s unique Digital Public Infrastructure (DPI), which has transformed millions of lives, is now being replicated in several countries, the Centre has informed. Aadhaar, which is the world’s largest digital…
Apple revises iPhone prices in India; check new rates

Apple has announced a significant price reduction across its entire iPhone range in India, marking the first time the tech giant has reduced prices for its Pro models. The move comes in…
Indigo’s net profit drops 11.7 pc to Rs 2,728 cr in Q1, revenue up 17.3 pc

Mumbai: Leading low-cost airline Indigo on Friday reported net profit at Rs 2,728 crore for the April-June quarter — a drop of 11.7 per cent from Rs 3,090.6 crore in the same…

Digital data protection bill reflects India’s commitment to safeguarding users: Centre

New Delhi: Amid the changing landscape where cyber-criminals use novel methods to steal personal data, the Digital Personal Data Protection (DPDP) Act, 2023 upholds individuals’ rights to safeguard their data, incorporating established…
Indian mobile games developer Mayhem Studios raises funds from Lumikai

New Delhi: Bengaluru-based mobile games developer Mayhem Studios on Friday said it has secured investment from Lumikai, an interactive media and gaming focused venture fund, for an undisclosed sum. Mayhem Studios said…
iPhone exports from India touch new all-time high in April-June quarter

New Delhi: In yet another success story of India’s local manufacturing push, iPhone maker Apple has achieved record exports numbers in the April-June quarter in the country, reaching around $3.8 billion. Riding…
Rupee recovers from all-time low, rises 9 paise in early trade

Mumbai: The rupee recovered from its all-time low level and appreciated 9 paise to 83.69 against the US dollar in early trade on Friday, amid a positive trend in domestic equities. Forex…
Markets rebound in early trade after five days of slump

Mumbai: Equity market benchmark indices Sensex and Nifty rebounded in early trade on Friday after staying on the back foot for the past five straight sessions, helped by value buying at lower…
WhatsApp now has 100 mn monthly active users in US: Mark Zuckerberg

San Francisco: Meta-owned WhatsApp has reached 100 million users in the US, said its CEO Mark Zuckerberg. This is the first time the social media company has revealed its US figures for…
OpenAI takes on Google Search, unveils AI-powered SearchGPT

San Francisco: ChatGPT maker OpenAI has announced its foray into the search market dominated by Google, with launching SearchGPT which is an AI-powered search engine offering real-time access to information across the…
Rupee falls 1 paisa to close at all-time low of 83.72 against US dollar

Mumbai: The rupee fell 1 paisa to close at an all-time low of 83.72 (provisional) against the US dollar on Thursday, dragged down by demand for the American currency in the overseas…