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Make In India: Piaggio India arm sets up first electric vehicle showroom in Chennai
Piaggio's Indian subsidiary has set up its first EV outlet in Chennai. -
Tim Cook can't run Apple forever. Who's next?
If Cook were to step down soon, these people say, he would almost assuredly be replaced by COO Jeff Williams, who emerged as the top candidate to be Cook's successor a few years ago. In 2015, Cook named Williams Apple's first COO since Cook himself held that role under Jobs. That same year, Williams shepherded the first major new product in the Cook era, the Apple Watch, to market. -
Fear is back on Dalal Street... Is it time to buy?
According to analysts, the market is under pressure due to uncertainty over the election outcome and selloff by foreign investors. The India VIX (volatility index) closed higher for the 11th consecutive session on Thursday. The so-called fear gauge has jumped nearly 80% from a low in April. This period of heightened volatility - marked by ups and downs in share prices - presents buying opportunities for long-term investors, market players said. -
India plays a key role in advanced manufacturing: Chandra
"Geopolitical challenges continue to alter established supply chains, and companies are rebalancing their supply chains to address both resilience and efficiency. New global ecosystems are being created, with India playing an important role in advanced manufacturing," Chandrasekaran, who is also TCS chairman, wrote to tech major's shareholders. He mentioned that the global environment continues to undergo significant shifts. -
At nearly Rs 21k crore, SBI posts highest ever profit in a quarter
SBI's profit is also the highest reported by any entity in this quarter. Reliance Industries posted a net profit of Rs 18,951 crore in Q4, while HDFC Bank, which was previously the most profitable lender, reported a profit of Rs 16,512 crore in the same period. SBI's FY24 net profit stood at Rs 61,077 crore - a growth of 22% over the previous year - after accounting for wage settlement and a one-time exceptional item of Rs 7,100 crore. -
Tata Sons doubles royalty fee to Rs 200 crore
Tata Sons has doubled the fee five years after fixing it at Rs 100 crore. Simultaneously, the holding company of Tata Group is ramping up its brand-building exercise through the title sponsorship of IPL, among other initiatives. TCS, in its notice to shareholders, revealed that it made a royalty payout of Rs 200 crore to Tata Sons in FY24. -
Sensex witnesses year's 2nd biggest fall, back at January level
From an intra-day low at 72,334, sensex closed at 72,404, down 1,062 points. It was the second biggest fall this year. Nifty lost 345 points to close at 21,958 points. "Investors turned risk averse in the ongoing poll season and further lightened equity exposure to avoid being caught off guard," said Prashanth Tapse, Senior VP (Research), Mehta Equities. -
Paytm Says Reports That Claimed Some Lenders Invoked Loan Guarantees Are "Factually Incorrect"
Paytm asserted that it acts as a distributor of loans, and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners. -
Air India Revokes Termination Of 25 Employees After Agreement With Crew Members
Air India Express Crisis: Both the crew and management members have agreed to restore normal airline operations after two-day crisis. -
SBI Hiring Nearly 12,000 Employees For Various Roles, Including IT: Chairman
The SBI declared a dividend of Rs 13.70 per share for FY24. The net NPA fell to 0.57 per cent compared to 0.67 per cent last year. -
Breaking: Air India Revokes Termination Of 25 Employees After Agreement With Crew Members
Air India Express today reached an agreement with the crew members and addressed their all concerns, said the airlines in a statement. Both the crew and management members have agreed to restore normal airline operations, it said. The termination of 25 crew members of Air India Express has also been overturned as per the agreement. -
Indian Railways News: New Vande Bharat Train To Run Between Bhagalpur And Howrah
The new Vande Bharat train will cover a distance of approximately 439.57 kilometres, making stops at important stations including Sahibganj, Barharwa, Azimganj, Katwa, and Naudibdham.
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Indian Railways News: Good News For Punekars; Special Train To Ayodhya Gets 14 Additional Trips
The 01455 Pune-Ayodhya Cantt. Bi-Weekly Special train will run every Friday and Tuesday from May 10, 2024, to May 31, 2024.
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What is 24 karat gold? Know difference between 999 vs 995 fineness gold
Understanding gold purity levels like 999 and 995 is vital when purchasing 24-karat gold. The purity levels affect the cost, with 999 fineness being the purest and most expensive option, while 995 fineness is standard for trading. -
SpiceJet starts Haj flights with Srinagar, to operate from 6 other cities
SpiceJet commenced its Haj operations on Thursday with the inaugural flights departing from Srinagar to Medina. These flights were operated using two wide-body A340 aircraft, each with a seating capacity of 324 passengers. Apart from Srinagar, SpiceJet will also operate special Haj flights from Guwahati, Gaya, Bhopal, Indore, Aurangabad, and Vijayawada. -
2024 Maruti Suzuki Swift Launched; Check Features, Price, And Other Details
The 2024 Maruti Suzuki Swift is powered by an all-new Z-Series 1.2-litre 3-cylinder petrol engine, delivering a maximum power of 82PS and a peak torque of 113Nm.
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TCS CEO K Krithivasan got Rs 25.2 crore remuneration in FY24
TCS CEO K Krithivasan earned Rs 25.2 crore in 2024, lower than ex-CEO Rajesh Gopinathan. N G Subramaniam, COO, earned Rs 26.1 crore. TCS's revenue reached Rs 240,893 crore with an operating margin of 24.6%. -
Sensex, Nifty tank on heavy foreign fund outflows; Sensex Drops 1,062 Points
Declining for the third day running, the 30-share BSE Sensex dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54 per cent to 72,334.18. -
Lay’s potato chips to soon have sunflower oil blend? PepsiCo India begins trials - here’s why
PepsiCo India experiments with Lay's oil blend, targets sodium reduction, faces ingredient critique. Nestle India adjusts Cerelac. PepsiCo aims 75% sodium cut in Doritos, Kurkure, Quaker by 2025. -
India's exports rise in 115 nations out of 238 destinations in 2023-24: Government data
India's exports to 115 countries in 2023-24, including top destinations like the US and UAE, showed growth. Italy, services, and merchandise exports were notable. Commerce Ministry's data highlighted these trends. -
SBI Q4 results: State Bank of India PAT jumps 24% YoY to Rs 20,698 crore, beats estimates
State Bank of India (SBI) reported a standalone net profit of Rs 20,698 crore for the quarter ended March 31, 2024, exceeding street estimates. -
Blackstone wins bidding war for UK music rights firm
Blackstone, a US private equity firm, secured victory on Thursday in a takeover contest for the struggling UK music rights owner Hipgnosis Songs Fund. This came after the American group Concord decided against enhancing its bid. Concord, a competitor of Hipgnosis, stated in a release that it would not increase its $1.5 billion offer following Blackstone's agreement on a $1.6 billion offer. -
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
Turkey's competition board fined Meta Platforms 1.2 billion lira for data-sharing investigations involving Facebook, Instagram, WhatsApp, Threads. Users can adjust settings via 'accounts centre'. Previous fines for documentation, competition law breaches. -
Punjab National Bank quarter 4 profit jumps nearly three-fold to Rs 3,010 crore
State-owned Punjab National Bank (PNB) on Thursday posted a nearly three-fold increase in net profit to Rs 3,010 crore for the fourth quarter ended March 2024, aided by improvement in core income and decline in bad loans. -
SBI Q4 Profit Grows 18% To Rs 21,384 Crore
On a standalone basis, profit grew to Rs 20,698.35 crore from Rs 16,694.51 crore a year ago, the lender said in a regulatory filing. -
Air India Express flight cancellations: Airline sacks 30 cabin crew; flyers opting for other airlines may have to pay more airfare - top 10 things to know
Air India Express, which operates between 350 and 400 flights daily, including more than 250 domestic and 120 international routes, has announced a reduction of approximately 40 flights per day until May 13. -
Byju’s Cuts Course Prices, CEO Raveendran Tells Staff Not To Sell Courses But Counsel Parents
In a meeting with over 1,500 sales associates and managers, Raveendran apparently told them to adopt a pull-based sales model rather than “push-based”. -
Fintech Company Simpl Laid Off Around 160 Employees Across Multiple Departments
Simpl stated to the publication that the layoffs were a strategic step to enhance operational efficiency and work toward profitability. -
‘Trade in Indian rupee will be the biggest way forward’: Amit Shah says India in final stages of rupee trade pacts with many countries
India is in the 'final stages' of negotiations with many countries to work out the modalities of settling trade in Indian rupees, according to Union Home Minister Amit Shah. Shah highlighted India's growth trajectory and plans to become the world's third-largest economy in the next few years. -
'Sarkari' PSUs rock NSE-BSE market cap charts, share reaches 7 year high. Here's what turned around
State ownership in listed companies has increased significantly to 10.38% of the total market capitalization as of March 31. This growth was fueled by a strong surge in the stock prices of various public sector units (PSUs) and re-evaluations in the midst of significant valuation discounts, high dividend yields, and news of potential privatization.
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