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Certificates of Deposits yields ease as liquidity set to rise on Rs 2000 note withdrawal
The yields on CDs have declined by around 15-20 basis points as banks have already started exchanging and depositing Rs 2000 notes.
‘Inflation could be lower than 4.7 per cent in May; FY23 GDP growth seen above 7 per cent’
Consumer inflation in April plunged to an18-month low from 5.66% in the previous month on account of decline in food prices.
BSNL 4G to come in 2 weeks, 5G by year-end: Ashwini Vaishnaw
The minister, while speaking at the launch of the 200,000th 5G site in Uttarakhand, stated that BSNL will be installing 200 4G sites per day all over the country.
Private consumption to drive GDP growth in Q1
As per the report, the revival in rural demand is being seen due to record kharif (last year) and rabi harvests.
IMF asks Sri Lanka to speed debt restructuring
The new government secured a $2.9 billion bailout from the IMF in March under a 48-month programme that commits Colombo to painful reforms.
BSNL aims to regain market share with 4G foray amid competition from private players
BSNL has recently placed an order of Rs 15,000 crore with Tata Consultancy Services (TCS) for purchase of 4G equipment.
China says US chipmaker Micron ‘failed’ national security review
It marked the latest escalation in the bitter chip war between the United States and China, with Washington looking to cut off Beijing's access to cutting-edge semiconductors.
Withdrawal of Rs 2,000 notes part of currency management, says RBI Governor
Shaktikanta Das said Rs 2,000 rupee notes were introduced primarily to replenish the currency that was withdrawn following the 2016 demonetization.
FADA seeks 10 per cent tax cut on two-wheelers
The two-wheeler industry is at a critical juncture, grappling with unprecedented challenges such as rising inflation, stringent emission norms and the post Covid-19 effects in Bharat of India.
Affordable insulin maker GeneSys to invest USD 50-60 mn to set up new plant in Hyderabad
GeneSys has partnered with Civica Rx, a US non-profit generic drug company, to manufacture and distribute affordable insulin.
No default on repayment of loans taken from US lenders: BYJU’s
"The transfers were in full compliance of and did not contravene any terms of the parties' Credit Agreement and the agreed-upon rights and responsibilities," BYJU's said.
No TCS on overseas payment through international credit, debit cards: Finance Ministry
The recent decision to bring international credit card spending under the RBI's liberalised remittance scheme and the consequent levy of 20 per cent TCS has evoked sharp reactions.
Zomato Q4 net loss narrows to Rs 187.6 crore
In FY23, consolidated revenue from operations stood at Rs 7,079.4 crore compared to Rs 4,192.4 crore in FY22, the company said in a filing.
REC registers highest ever annual profit of ₹11,055 Crore and Qr4 profit at 3,001 Crores
Gurugram: The Board of Directors of REC Limited, announced the audited standalone and consolidated financial results for the quarter and year ended 31st March 2023 on Thursday. The financial results were announced by the company CMD Mr.…
Amazon Web Services to invest Rs 1,05,600 crore into cloud infrastructure in India
This investment is estimated to contribute Rs 1,94,700 crore ( USD 23.3 billion) to India’s total gross domestic product (GDP) by 2030, AWS said.
Pfizer suspends sale of 4 life-saving drugs, cites manufacturing issues
The Indian unit of US drug maker Pfizer Inc has suspended sale and use of its life-saving antibiotic in India following technical issues in their manufacturing process.
Walmart lifts forecast as it wins US grocery consumers due to inflation
In the Walmart US division, which accounts for more than two-thirds of sales, the company scored a lofty 7.4 percent gain in comparable store sales.
Swiggy’s food delivery business has turned profitable: CEO
Majety's blogpost comes two days after US-based asset management firm Baron Capital Group reduced its valuation of Swiggy by 34 per cent to USD 7.1 billion as of December 2022.
Markets fall for second day running; IT counters drag
The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Nights booked for international travel by Indian guests more than doubled in Q1 2023: Airbnb
The platform shared that overall nights booked in India have grown by 70 per cent when comparing full-year 2022 with pre-pandemic 2019 as solo and family travel top the preference of Indian guests.