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-
Jet Airways independent director quits
“As per Mehta, ‘in recent months, the call on my time from my other obligations has mounted and I find it increasingly difficult to dedicate the time and attention required to discharge my fiduciary responsibilities. It is for this reason that I have resigned. I wish to express my gratitude to my colleagues on the Board for their support and to the Chairman for his leadership’,” the airline said in its statement. -
Citroen Collaborates With OHM E Logistics, To Supply 1,000 Units Of e-C3 EVs
The two companies have signed a Memorandum of Understanding (MoU) to introduce the e-C3 into the electric shared mobility services of OHM E Logistics and the 1,000 units of Citroen e-C3 will be delivered over 12 months.
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Ola Cabs CFO Karthik Gupta Resigns After Seven Months Into Role
Ola founder Bhavish Aggarwal addressed staff in a letter about a restructuring exercise to improve profitability and prepare for future growth. -
Kawasaki Teases Launch Of Limited-Edition Ninja ZX-4RR In India: Details
The Kawasaki Ninja ZX-4RR is powered by a robust 399 cc liquid-cooled, in-line four-cylinder engine, delivering 74 bhp at 14,500 rpm and 37.6 Nm of peak torque at 13,000 rpm. -
Sikkim To Introduce AI-driven Traffic Management System On May 25: Details
The system aims to modernise traffic management and improve regulation efficiency by automatically verifying documents and detecting violations -
Banks with highest FD rates, up to 7.25%: SBI, HDFC Bank, ICICI Bank, PNB and compared - check list
State Bank of India, HDFC Bank, Canara Bank, ICICI Bank, Axis Bank, and PNB revised their fixed deposit rates. SBI hiked rates by 75 bps for certain tenures, while HDFC raised rates for 18 to just under 21 months. ICICI offers rates up to 7.20% for 15 months to less than 2 years. -
Paytm UPI Lite wallet: How to make payments without PIN; know how to activate, use
Paytm UPI Lite Wallet by One97 Communications allows PIN-free transactions up to Rs 500, with a daily limit of Rs 4,000 and wallet cap at Rs 2,000, as per ET report. -
What are gold, silver hallmarking charges? Check details and importance
Gold and silver jewellery require hallmarking for purity assurance under Indian standards. Charges are fixed per article, with testing at recognized centres for BIS compliance. HUID codes ensure traceability and lifetime validity. -
BMW Launches X3 xDrive 20d M Sport Shadow Edition At Rs 74.90 Lakh; Check Details
The BMW X3 M Sport Shadow Edition comes with a 190hp, 2.0-litre turbo-diesel engine generating 400Nm of torque. -
BYD Shark Launched Globally; Likely To Rival Mahindra Scorpio-N Pickup
The BYD Shark houses a plug-in hybrid setup comprising a 1.5-litre turbo petrol engine paired with a 29.58kWh battery pack. -
Maruti Swift Review: Mileage 'King' With Sporty DNA
Maruti Swift Review: The new 1.2-litre 3-cylinder Z Series petrol engine makes its debut in India with the new Swift. -
Latest loan interest rates from top banks: SBI, HDFC Bank, Bank of Baroda, Canara Bank, PNB in May 2024
Banks adjust MCLR monthly based on factors like repo rate. Latest MCLR rates from top 7 banks in May 2024 highlighted. Banks cannot lend below MCLR except in specific cases. Rates effective from specific dates. Consumer loans linked to 1-year MCLR. Yes Bank and Canara Bank rates effective from specific dates. IDBI Bank and SBI rates also provided. -
How To Keep Your Car Cool In Summer? Beat The Heat With These 5 Tips
With some simple yet effective maintenance tips, you can keep your car running smoothly throughout the summer season
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Bomb Threat On Delhi-Vadodara Air India Flight; Fake Note Sparks Panic
A Fake note with 'bomb' written on it was found in the washroom of the Delhi-Vadodara Air India Flight.
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Microsoft Asks 700-800 Employees In China To Relocate Amid US-China Tensions
Most of the employees affected by this move are engineers holding Chinese nationality. -
Silver set to outperform gold? Precious metal likely to cross Rs 1 lakh mark over 1 year horizon
Silver is expected to outperform gold with a 15-20% potential increase. Expectations of gains in industrial metals globally and China's recovery could boost silver to Rs 100,000 per kilogram. -
PhonePe Users Can Now Make Payments Through UPI In Sri Lanka; Collaborates With LankaPay
Users can simply scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. -
Infosys’ Narayana Murthy, Kris Gopalakrishnan want new government to focus on these reforms
Infosys' NR Narayana Murthy and S 'Kris' Gopalakrishnan have urged upcoming new government to focus on fostering entrepreneurship which in turn will lead to job creation, wealth generation and more tax revenue. -
IGIA Aerocity: Brookfield India to acquire 50% stake in 4 Bharti Enterprises properties
Brookfield India Real Estate Trust (BIRET) has entered into definitive agreements to purchase a 50% stake in four prime grade A assets from Bharti Enterprises. These assets comprise prestigious commercial properties spanning 33 lakh square feet, valued at an enterprise worth of Rs 6,000 crore. The acquisition will be completed through a preferential allotment of units in BIRET to Bharti, at Rs 300 per unit. -
Markets Rebound In Early Trade On Firm Global Trends; Sensex Rallies 409 Points
The 30-share BSE Sensex rallied 409.72 points to 73,396.75 in early trade. The NSE Nifty went up 129.45 points to 22,330. -
Stock market today: BSE Sensex up almost 400 points; Nifty50 above 22,300
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in early trade on Thursday. While BSE Sensex was up over 390 points, Nifty50 was above 22,300. -
TVS Expands Global Footprint, Launches Operations In Italy
TVS Motor Company is expanding its operations in Italy via its branch office. -
Dow, S&P 500, Nasdaq end at records as US inflation cools
The Dow Jones Industrial Average on Wednesday gained 0.9 percent to 39,908.00, putting it back within striking distance of a first-ever close above 40,000 points. The broad-based S&P 500 jumped 1.2 percent to 5,308.15, while the tech-rich Nasdaq Composite Index advanced 1.4 percent to 16,742.39, notching a second straight record. -
Poll jitters: Foreigners most short since 2012, FPIs pull out $4 billion in this quarter
Foreign investors are pessimistic on Indian stocks due to uncertainty around BJP's election performance. Net short positions in index futures contracts have surged, reflecting bearish sentiment in the derivatives market. Overseas investors have withdrawn $4 billion from local stocks since April. The gap in short positions is the widest since 2012, according to data compiled by Bloomberg. -
LIC gets 3 more years to dilute up to 10% stake
Sebi extends LIC's deadline to achieve 10% public shareholding by May 16, 2027 after Rs 21,000 crore IPO in 2022, diluting govt stake to 95%. Rule 19(2)(b)(iv) mandates 5% initial dilution. Shares of LIC jump over 6% on Wednesday. LIC Housing Finance reports 7.5% profit decline to Rs 1,091 crore in March quarter. -
Indian stocks to get $2.5 billion boost as MSCI rejigs index
MSCI index rejig to increase India's weight to 19% by month-end, attracting $2.5 billion in foreign investments. Nuvama Research notes India's net fund inflow due to 13 stock inclusions and foreign ownership limit standardization in 2020, amid strong Indian equity performance. Abhilash Pagaria highlights relative underperformance by China in MSCI EM Index. -
AP Moller, I Squared in race to buy stake in green business of InoxGFL's Jains
AP Moller Capital, I Squared Capital, Actis, Sembcorp Industries, and CapitaLand show interest in acquiring majority stake in new renewable energy platform by InoxGFL Group owners, valued at $1.8 billion. The Jains plan to produce 1. -
At $19.1 billion, trade deficit widens to 4-month high
India's trade deficit widened to $19.1 billion in April, with goods exports at $35 billion and imports at $54.1 billion. Gold imports surged to $3.1 billion, oil imports rose over 20% to $16.5 billion, and electronics imports increased by 10% to $7 billion. -
India plays major part in expansion plan: Airbnb
India, with the highest GenZs and millennials, is pivotal for Airbnb's expansion. The company targets youth and group travel, noting 1 in 3 top urban geos travelers as potential first-time bookers in India. Hiroki Asai leads the international expansion plan. Airbnb introduced 11 global icons, including Bollywood star Janhvi Kapoor's family home in Chennai. -
Gold outshines Nifty with 18% returns over 5 years
Gold surpasses Nifty with an 18% return. Amrita Farmahan notes gold's 14% CAGR vs Nifty's 15%. Gold hits $2,390/ounce globally and nears Rs 75,000 on MCX. Central banks drive up prices amid US and EU debt concerns. Chinese investors turn to gold.
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