India's service PMI strong at 58.4 in Nov despite decade-high price surge
New Delhi: India's services sector maintained robust growth in November despite facing the sharpest price rise in over a decade, according to a business survey.
Finance
RBI's MPC meeting begins amid inflation worries
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting in Mumbai today to review the country's policy rate.
China's BYD poised to silently dominate Indian EV market as local carmakers adopt its latest blade batteries
New Delhi/IBNS: In a significant development that could reshape India's electric vehicle (EV) landscape, Chinese automaker BYD is positioning itself to silently dominate the country's rapidly growing EV market.
Reliace's Viacom18 officially acquires jiohotstar.com domain name
Mumbai: Viacom18 Media Pvt Ltd, a subsidiary of Reliance Industries, has officially acquired ownership of the domain jiohotstar. com, concluding a prolonged period of legal and commercial disputes, Business Standard reported.
IndiGo files lawsuit against Mahindra Electric over ‘6e’ trademark dispute
New Delhi: IndiGo has filed a lawsuit against Mahindra Electric Automobile in the Delhi High Court, alleging trademark infringement over the use of its ‘6e’ mark in Mahindra’s upcoming electric car, the Mahindra BE 6e, slated for launch in February 2025, media reports said.
Hindustan Unilever's Vim brand to cross Rs 3,000 cr in sales
Mumbai: Hindustan Unilever’s (HUL) Vim brand, a leader in the dishwashing segment, is poised to surpass Rs 3,000 crore in sales, media reports said.
Mumbai: Hindustan Unilever’s (HUL) Vim brand, a leader in the dishwashing segment, is poised to surpass Rs 3,000 crore in sales, media reports said.
Expanding its reach, HUL has introduced Vim in the floor cleaning category.
Bank of Bhutan inks deal with TCS to modernize digital core for enhanced customer service.
Thimphu/Mumbai: IT major Tata Consultancy Services TCS has announced a strategic partnership with the Bank of Bhutan to modernize the bank’s digital core for enhanced customer service.
South Korean carmaker Hyundai collaborates with three IITs for batteries & electrification R&D
New Delhi: Hyundai Motor Group announced collaborations with three Indian Institutes of Technology (IITs) on Tuesday to develop a research framework focused on batteries and electrification.
Tata Power Renewables commissions 431 MW DC solar in Madhya Pradesh’s Neemuch
Mumbai: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has successfully commissioned the 431 MW DC solar project at Neemuch in Madhya Pradesh.
Swiggy Q2FY25 consolidated loss narrows to Rs 626 cr
Mumbai: Indian food and grocery delivery platform Swiggy announced a reduced quarterly loss on Tuesday, driven by strong order growth in its food delivery and quick commerce segments, media reports said.
Sri Lanka: Ather Energy opens its first Experience Centre in Colombo
EV two-wheeler major Ather Energy Limited has opened its first Experience Centre, Ather Space, in Colombo, Sri Lanka.
Kolkata: Primarc and RDB Group to buy business undertaking of DLF Techpark 1 for Rs. 638 crores
Primarc and RDB Group recently announced that their affiliate, RDB Primarc Techno Park LLP, has executed definitive agreements to purchase the business undertaking of DLF Techpark 1 from DLF Infocity Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd. for an aggregate consideration of Rs. 638 (six hundred thirty-eight) crores approximately on a slump sale basis.
Mahindra Auto sells 46222 SUVs in November
Automobile major Mahindra & Mahindra Ltd. (M&M Ltd.) on Monday announced that its overall auto sales for the month of November 2024 stood at 79083 vehicles, including exports.
Cochin Shipyard shares jump 5% after bagging Rs 1,000 crore defence contract
Mumbai/IBNS: Cochin Shipyard's shares continued their upward trajectory on Monday (Dec. 2), rising for the seventh consecutive session.
GST collections in November rise 8.5% to Rs 1.8 lakh crore
New Delhi/IBNS: Goods and Services Tax (GST) collection for November rose by 8.5 percent to Rs 1,82,269 crore, marking the fourth-highest figure since the implementation of the new tax regime over seven years ago.
Trump threatens BRICS nations with 100% tariffs over plans for new currency
Washington DC: US President-elect Donald Trump on Saturday issued a stern warning to BRICS nations, demanding they commit not to create or support a new currency to replace the US dollar or risk facing 100% tariffs, Reuters reported.
Declining wages in India hit economic growth
New Delhi: India witnessed a contraction in wages last quarter for the first time since the pandemic, slowing the economy as consumers reduced spending amid a corporate profit slump, reported Bloomberg News.
Adani CFO denies U.S. bribery allegations, says accused will respond within 10 days
Mumbai: Dismissing allegations of a $265 million bribery scheme by U.S. authorities against the Adani Group's executives, including Chairman Gautam Adani,conglomerate's Chief Financial Officer Jugeshinder Singh Friday stated that the individuals implicated would respond to the claims within 10 days, Reuters reported.
India's fiscal deficit reaches 46.5% of the FY25 target
New Delhi: India's fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.
India's GDP growth slows to seven-quarter low of 5.4 percent
India's gross domestic production (GDP) has slowed down to 5.4 percent year-on-year in the July-September quarter of the current financial year 2024-25, as per government data released on Friday.
India planning to expand EV incentive program to encourage new and existing manufacturers
New Delhi: India is planning to broaden its electric vehicle (EV) incentive program to include automakers producing EVs at existing factories, rather than restricting the benefits to those building new plants, Reuters reported, citing a source familiar with the matter.
Zee Entertainment shareholders vote against reappointing Punit Goenka as director
Mumbai/IBNS: Zee Entertainment's shareholders have voted against the reappointment of Punit Goenka as a director, according to a company filing.
Mahindra & Mahindra denies reports of penalty for violating emission norms
Mumbai/IBNS: Mahindra & Mahindra has refuted reports claiming it faces penalties for not meeting emission norms during the 2022-23 financial year.
Mahindra & Mahindra Denies Reports of Penalty for Violating Emission Norms
Mumbai/IBNS: Mahindra & Mahindra has refuted reports claiming it faces penalties for not meeting emission norms during the 2022-23 financial year.
Pay packets around the world rose 1.8 per cent in 2023, says ILO
Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory in the first half of the year, rising by 2.7 per cent on the back of a strong post-COVID global recovery, the UN International Labour Organization (ILO) said on Thursday.
India launches first offshore mineral auction, marking entry into undersea resource exploration
New Delhi: The Ministry of Mines launched India's inaugural auction of 13 offshore mineral blocks on Thursday, marking a major step into the exploration and development of undersea resources within the nation's maritime territories.
Israel expresses support for Adani Group amid US indictments over bribery allegations
New Delhi: Israel has reaffirmed its support for the Adani Group despite allegations of bribery against its founder in the United States.
Govt shifts massive refinery projects to Gujarat, Andhra Pradesh amid Saudi energy talks
New Delhi: The Union government plans to relocate two massive oil refineries, each with an annual capacity of 10-15 million tonnes and integrated petrochemical facilities, from Maharashtra’s Ratnagiri to Gujarat and Andhra Pradesh, according to The Times of India.
Indians reported losing Rs 11,333 cr to cyber fraud in the first nine months of 2024
New Delhi: India reported losses of Rs 11,333 crore due to cyber fraud in the first nine months of 2024, as per data from the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA).