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-
ICICI Bank to reward 80k employees with up to 8% pay hike for work done during COVID-19
ICICI Bank had reported a 26 per cent surge in its March quarter net at Rs 1,221 crore on a standalone basis. -
Stock market today: BSE Sensex up 150 points; Nifty50 near 22,650
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, gained in trade on Thursday. While BSE Sensex moved up over 150 points, Nifty50 was near 22,650. -
US stocks: S&P 500, Nasdaq end lower after Fed rate decision
Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserve's latest decision to hold interest rates steady. US equities had rallied following a comment from Fed Chair Jerome Powell dismissing further interest rate hikes as "unlikely." But equities soon gave up those gains, leaving two of the three major indices in the red at the close. -
Google CEO Pichai nears billionaire status
Alphabet's Chief Executive Officer, Sundar Pichai, is close to reaching a significant achievement for a technology executive who is not a founder: a fortune worth ten figures. Since Sundar Pichai, who is 51 years old, took over as the Chief Executive Officer of Google in 2015, the stock price has increased by over 400%, showing significant outperformance compared to the S&P and Nasdaq during the same timeframe. -
Car sales growth flat on high base
Passenger vehicle sales started the new fiscal year on a stagnant note, with approximately 340,000 units sold in April. The sales were affected by the high base effect and subdued demand due to the ongoing general elections. The dispatches of passenger vehicles from manufacturers to dealers reached 3.4 lakh units in April, which was an increase from 3.3 lakh units in the year-ago period by almost 3%. -
Daily average UPI payments at new high in April
The volume and value of UPI transactions decreased slightly in April compared to their all-time high level in March. However, the average daily transactions reached a new high, which indicates that the transition of UPI services from Paytm Payments Bank to its parent did not lead to any significant disruption. -
No cancellation of gilt auction in FY24
There was a strong demand for India’s sovereign bonds and good coordination between the government and RBI ensured that for the first time in nearly 20 years, there was neither devolvement nor any cancellation of bond auctions during FY24. Bond market players believe that this could act as a positive catalyst for Indian gilts once they are included in bond indices by JP Morgan and Bloomberg, starting next month. -
Petrol demand up 12% in April, diesel sales dip 2%
The elections did not increase diesel consumption significantly, but they did increase the demand for petrol, jet fuel, and cooking gas in April. The heat wave conditions across large parts of the country also significantly increased electricity usage, as shown by government data. Preliminary sales data from state-run fuel retailers indicate that diesel demand decreased by 2.3% in April compared to the previous year. -
Flush with funds, venture capitals scout for startup deals
Investors have recently begun actively looking for investment opportunities and funding Indian startups after a short period of inactivity. Recently, investors from both global and domestic venture capital (VC) and private equity (PE) sectors, such as US-based Norwest Venture Partners, have raised fresh funds. A significant portion of this capital is designated for India, putting pressure on investors to invest. -
Jamshyd, Smita keep construction rights on 3,000-acre Godrej land
As a result of a family agreement, siblings Jamshyd Godrej and Smita Crishna will have sole rights to develop on more than 3,000 acres of land owned by Godrej & Boyce Manufacturing Company in the eastern suburbs of Mumbai, establishing G&B as the largest private landholder in Mumbai. The land was an issue of contention as Godrej Properties Ltd (GPL). -
Godrej camps can’t compete for 6 years, except in real estate business
The Godrej family has agreed to refrain from competing with each other for six years, except in the real estate business, after a division in the 127-year-old locks-to-land development group. Once the non-compete period is over, they can explore each other's areas of business, but not using the Godrej brand. -
GST April mopup soars 12.4%, crosses Rs 2 lakh crore for 1st time
Yearend sales and improved compliance contributed to the significant increase in goods and services tax (GST) collections, surpassing the Rs 2-lakh-crore milestone for the first time. Experts believe that this milestone could mark a turning point for the almost seven-year-old indirect tax system. The most recent data from the finance ministry, reflecting transactions in March, indicated a 12.4% growth in GST collections. -
Read The Inspiring Journey Of Mira Kulkarni From Single Mother To Becoming One Of India's Richest Women
With time the company grew into a multi-crore business and expanded its presence to 28 cities across India. -
Vistara Flight's Windshield Cracks Mid Air, Emergency Landing
Vistara Aircraft emergency landing: The incident occurred due to damage to the Vistara aircraft's windshield during a hailstorm in Odisha. -
Jindal Stainless to invest Rs 5,400 crore to expand capacity to 4.2 MT: Abhyuday Jindal
The investments will be made during the next two years, Jindal said, while addressing a press conference. Around 90% of the investments will be made through internal accruals, he said. Sharing the break-up of the investment plan, Jindal said, "This will increase the company's melting capacity by over 40% to 4.2 MTPA at an investment of more than Rs 700 crore." -
FirstCry CEO’s Remuneration Drops 49% To Rs 8.6 Crore A Month
FirstCry has refiled its DRHP for an Initial Public Offer (IPO) with the Securities and Exchange Board of India (SEBI), to raise Rs 1,816 crore via fresh issue of shares. -
Skoda Kushaq And Slavia To Get 6 Airbags As standard: Details
Skoda Kushaq And Slavia: Skoda has announced that it will now offer 6 airbags as standard in all variants of both Kushaq and Slavia.
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Watch: First Look oF Vande Bharat Metro Train Revealed, Trial Run To Start From July
Trial runs for Vande Bharat Metro trains are scheduled to commence in July, paving the way for eventual deployment across 124 cities -
5 Money changes in May 2024: New savings account fees, credit card rules for major banks, FD deadlines and more
Banks like HDFC, ICICI, and Yes Bank implement changes in May 2024. HDFC extends Senior Citizen Care FD deadline. ICICI updates savings account charges, and Yes Bank revises fee schedules and ATM card charges. -
Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain
Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude. -
The 127-Year-Old Godrej Empire Split: How It Was Resolved Amicably
According to a stock exchange filing, the cousins, Jamshyd and Smita, will receive the unlisted Godrej & Boyce Mfg. Co., along with its affiliates and a huge land bank. -
2024 Maruti Swift Bookings Open Ahead Of Launch; First Teaser Revealed
The 2024 Maruti Swift is anticipated to retain the K12C 1.2-litre four-cylinder petrol engine in Indian market -
Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April
Check below the Breakdown of April 2024 GST Collections. -
When will gold prices hit Rs 2 lakh mark? Here’s what experts say
Gold rate outlook: If the price continues to triple from its current level, gold could surpass the Rs 2 lakh per 10 gram mark. However, investors are keen to know how long it will take for the price to reach this milestone. -
Google Layoffs: Workers Lodge Complaint Alleging Unfair Firing Of Employees
The protest arose in response to Google's 1.2 billion dollars cloud computing project with the Israeli government which is known as Project Nimbus. -
Your travel experience on national highways is set to change! NHAI plans wayside amenities on greenfield access-controlled highways
National Highways Authority of India (NHAI) is planning to include wayside amenities in the design of new greenfield access-controlled highways to enhance the overall travel experience. NHAI targets 1,000 wayside amenities over the next five years, with 800 developed under PPP mode. Experts emphasize the need for scaling up operations to attract private operators. -
Ampere Electric Launches New Nexus Electric Scooter In India; Check Design, Performance, Features
The Ampere Nexus is powered by a robust 4kW electric motor and it can reach a top speed of 93kmph. -
GST collections hit all-time high; cross Rs 2 lakh crore in April 2024
GST collections cross Rs 2 lakh crore! In April 2024, the Gross Goods and Services Tax (GST) collections reached an all-time high of ₹2.10 lakh crore, marking a substantial 12.4% growth compared to the same month in the previous year. -
IMF raises India’s FY24 GDP growth forecast to 7.8%, higher than the government’s projection
The International Monetary Fund has predicted that the Indian economy will grow by 6.8% in the current fiscal year, with public investment driving the growth. IMF has also raised India's growth forecast for FY24 to 7.8%. -
Harley-Davidson Unveils 2024 Lineup In India; Check Prices, Features
The new Street Glide and Road Glide models are powered by the Milwaukee-Eight 117 engine, delivering increased power and efficiency.
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