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-
2nd wave may leave Rs 2L cr dent on economic output: RBI
The Reserve Bank of India (RBI) has estimated that the second wave may result in a Rs 2-lakh-crore loss in output during the current fiscal, in what is the first such exercise conducted by the central bank or the government. -
Scammer shares Important Cyber Security Advice To Man: Paytm’s CEO Vijay Sharma Reacts
In the screenshots, the scammer surprisingly opens up to Arun and explains the method of using APK files to gain control over the victim's phone. -
Zomato Hit With Rs 11.81 Crore GST Demand And Penalty Order
Zomato tried to clear out the allegations with supporting documents and legal precedents. -
FarEye launches initiative to help logistics startups in fundraising, mentoring
FarEye's Innovation Nexus supports startups by leveraging autonomous drones for urban deliveries, enhancing sustainability. It aids in cost reduction, fundraising, and forming transformative partnerships with industry leaders through AI, robotics, and embedded data analytics. -
Nike Layoffs: Company To Fire More Than 700 Employees At Oregon Headquarters
In a letter sent to authorities, Michele Adams, the Vice President for people solutions stated that the “second phase of impacts” will start by June 28. -
HRA claims and tax scrutiny: CBDT assures no review of old HRA mistmatch cases; but here's what experts suggest
HRA claims mismatch: Taxpayers should remain cautious. If there's a discrepancy between the rent paid and the rent received by the landlord, potential tax evasion issues may arise. Taxpayers making false HRA claims, whether intentionally or unintentionally, should be concerned about receiving a tax evasion notice from the income tax department. -
Iris scan for senior citizens soon? Banks look at options for verifying transactions
Indian commercial banks are considering using iris scans for transaction verification, especially for senior citizens, due to reliability issues with fingerprints and thumb impressions. Discussions are ongoing with the Reserve Bank of India and other stakeholders regarding implementation challenges and cybersecurity concerns. -
Wipro Q4 Net Profit Falls 7.8% To Rs 2,835 Crore
Wipro also recorded one of the highest declines of 24,516 in the headcount on a year-on-year basis to 2,34,054 during the just-ended fiscal year. -
Want To Start Business But Short On Funds? Pitch Your Idea To THIS Billionaire And Get Funding
He feels that he can comprehend and provide more thorough input via email. -
Mark Zuckerberg In Beard? Check Truth Behind Viral Photo
Image of the bearded Zuckerberg from the same video began making the rounds on Twitter and other social media platforms. -
'Robust growth led RBI to keep rates on hold'
RBI governor emphasized economic growth and investment cycle in recent MPC, with hawkish sentiment from members like economist Shreya Sodhani. Rate cuts expected in Q4 2024 amid economic uncertainties and inflation concerns. -
Forex reserves drop 1st time in 8 weeks
India's foreign exchange reserves dropped to $643.2 billion from 648.6 billion due to RBI selling dollars amid geopolitical tensions and US interest rate signals. The domestic currency closed at 83.47, depreciating by 0.1% against the dollar. -
ABFRL board nod to demerge Madura Fashion & Lifestyle biz
ABFRL approves demerger of Madura Fashion & Lifestyle, plans Rs 2,500 crore equity raise via NCLT scheme. Identical shareholders post-demerger for value creation in business segments. -
Jio Financial profit rises 6% to 311 crore in March quarter
Jio Financial's March 2024 net profit was Rs 311 crore. They provide financing for phones, laptops, and EV batteries. Jio Payments Bank launched debit card and revamped savings account. -
Wipro's growth lags peers, co cautious about recovery
Wipro's new CEO Srini Pallia faces challenges as company lags in financial metrics. Shares rose 3% on NYSE. March quarter revenue declined by 0.3%. 2023-24 revenue declined significantly compared to peers. -
Gold crosses Rs 74,000/10gm in local markets amid West Asia turmoil
Gold prices spiked to $2,418/ounce due to West Asia tensions, pushing 24K prices over Rs 74,000/10gm. Geopolitical risks, Iran-Israel conflict, and Federal Reserve delays influenced the market, with gold maintaining support levels at $2,365-2340. -
Credit growth outstrips deposit increase in FY24
Banks compete for deposits as credit outpaces deposit growth by Rs 2 lakh crore in FY24. Highest credit growth was in FY07 at 27%. CareEdge predicts 16% credit growth in FY24. -
Top 3 IT companies report 64,000 fall in FY24 headcount
TCS, Infosys, Wipro reduced 64,000 jobs. Infosys expects 1-3% revenue growth, Wipro forecasts -1.5%. US firms fear slowdown. Gen AI impacts IT staffing. Global capability centres hiring, supporting tech industry growth. -
Tata Sons seeks IPO waiver from RBI after cutting debt
Tata Sons seeks RBI exemption post TCS stake sale to avoid IPO. Assets meet CIC criteria. Aims to deregister as CIC, sidestep RBI rules amid Cyrus Mistry battle. -
Iran-Israel conflict unlikely to hit oil supply
West Asia oil shipments remain stable amidst Israel-Iran tensions. Speculators influence Benchmark Brent prices. Opec's Hai Tham al-Ghais engages with India on oil imports. Potential disruption if Hormuz Strait blocked."} -
Food prices a challenge for final descent in inflation: RBI policy minutes
Pressure in food prices has been interrupting the ongoing disinflation process in India, and posing challenges for the final descent of inflation trajectory to the 4 per cent target, as per minutes of RBI's monetary policy meeting that was held earlier this month. -
Severe Rainfall In Dubai Disrupts Air Travel: Check Advisories
Air India has offered a one-time waiver on rescheduling and full refunds for cancellations for customers with valid tickets until 21st April 2024.
-
Air India Suspends Flights To Tel Aviv Till April 30 Amid Iran-Israel Clash
Air India's flight suspension comes after Israel launched missiles on Iran. -
Breaking: Air India Suspends Flights To Tel Aviv Till April 30 Amid Iran-Israel Clash
Air India's flight suspension comes after Israel launched missiles on Iran. -
OpenAI Appoints Pragya Misra As First India Employee; Know All About Her
Prior to this, Misra has worked with Truecaller since July 2021 and served as the Director of Public Affairs, according to her LinkedIn profile. -
Tesla Advisor Takes Part In India's EV Policy Consultation Ahead Of Musk's Visit: Report
Representatives of all the major automobile manufacturers of India including Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Skoda Auto Volkswagen India, and Renault were present in the meeting. -
Delhi to Gurugram in just 7 minutes! IndiGo parent to bring all-electric air taxi service in India by 2026; check expected fare, details
InterGlobe Enterprises and Archer Aviation have announced plans to introduce an all-electric air taxi service in India by 2026, with initial services in Delhi, Mumbai, and Bengaluru. The service will transport passengers from Connaught Place to Gurugram in just 7 minutes, using eVTOL aircraft. -
‘Been a very busy week across AI,’ MD pats employees’ backs after Israel-Iran conflict & Dubai rains disrupt schedules
Air India extends Tel Aviv flight suspension till April 30 due to Israel-Iran conflict. CEO Campbell Wilson praises employees for handling disruptions. New A350 deployed on Delhi-Dubai route. Codeshare with Air India Express to offer more destinations. -
Amazon Ran Secret Firm 'Big River' To Gather Intel On Rivals: Report
The employees at the fake company were instructed to take screenshots of the products on various marketplaces. -
FM Sitharaman on Elon Musk’s India visit, Tesla plans: ‘India’s ecosystem being recognised by top-notch world companies’
FM Nirmala Sitharaman, when asked about Elon Musk-led Tesla’s plans for India, said: “I'm not sure what the details are. But it is a very good sign for manufacturing in India, particularly high-technology manufacturing.”
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