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RBI sees V-shaped recovery, may ease policy too
Forecasting a V-shaped recovery, Reserve Bank of India has said that if growth momentum continues and inflation stays benign there would be room for policy action to support growth. -
Bharat Biotech stresses on Covaxin’s safety record after AstraZeneca admits to Covishield causing rare clotting side effects
Following AstraZeneca's acknowledgment in a UK court that its Covid-19 vaccine triggered a rare side effect—Thrombosis with Thrombocytopenia Syndrome (TTS), Hyderabad-based vaccine manufacturer Bharat Biotech emphasized the safety of its indigenous vaccine, Covaxin, aiming to alleviate public apprehensions regarding Covid vaccines. AstraZeneca’s vaccine Vaxzevria, which it developed in collaboration with Oxford University, was manufactured under the Covishield brandname in India. -
Meet Hrithik Roshan’s Business Partner Who Worked With Famous Bollywood Stars And Built Rs 1,000 Crore Company
Zaidi’s skill in talent management and sharp business sense has propelled Exceed into a leading position in India’s entertainment industry. -
Dabur India reports strong fourth-quarter earnings, exceeds expectations
Dabur India, a leading Indian consumer goods company known for its diverse range of products from toothpaste to honey, has reported a significant 16.2% increase in its fourth-quarter net profit, buoyed by robust domestic demand and falling raw material costs. The company's net profit for the January-March quarter rose to 3.50 billion rupees ($41.9 million), up from 3.01 billion rupees a year earlier, surpassing analysts' expectations of 3.44 billion rupees, according to LSEG data. -
Coal India reports 26% growth in Q4 net profit, surpassing estimates
Coal India Limited reported a robust 26% YoY growth in Q4 FY24 net profit, reaching Rs 8,682 crore, despite a 2% decline in revenue. The company announced a final dividend of Rs 5 per share. Operational highlights include increased coal production and offtake. However, sequential net profit declined by 14%. Shares closed 0.51% lower at Rs 452. -
Senior Citizens Savings Scheme vs Bank FDs: Interest rates, tax benefits, and deposit limits compared
Senior citizens receive advantageous interest rates on bank fixed deposits. The Senior Citizens Savings Scheme (SCSS) and FDs offer unique benefits and tax advantages. ET's detailed comparison helps in understanding the eligibility, tax benefits, interest rates, deposit limits, and TDS implications. -
Isuzu Launches 2024 D-Max V-Cross Z Prestige; Pickup Truck To Compete Against Toyota Hilux
Isuzu launches 2024 D-Max V-Cross Z Prestige which comes equipped with advanced safety features such as Traction Control System (TCS), Electronic Stability Control (ESC), Hill Descent Control (HDC), and Hill Start Assist (HSA). -
India's Food Safety Authority Orders Testing For All Spice Mixes After Contamination Concerns
India has ordered further testing of both these brands due to concerns about contamination. -
Maruti Swift 2024: Mileage and Engine Details Leaked Ahead Of Launch
The Maruti Swift 2024 is expected to debut with Z series 1.2-litre 3-cylinder engine in India.
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India to grow 6.6 % in next two years, driven by public sector demand: OECD
According to the latest Economic Outlook from the OECD, India's GDP is estimated to have expanded by 7.8 percent in the recently concluded financial year 2023-24, with forecasts indicating growth rates of around 6.6 percent for each of the subsequent two fiscal years. However, global near-term developments present challenges to achieving higher growth. -
Nifty, Sensex Close With Marginal Gains In Volatile Session
While the Nifty settled at 22,648.20, up 43 points, or 0.19 per cent, the Sensex closed with a gain of 128 points, or 0.17 per cent, at 74,611.11 on Thursday. -
4% DA hike: Key allowances for central government employees and retirees increase by 25%; know all the details
The 4% Dearness Allowance (DA) hike benefits central government employees and retirees by increasing several allowances, leading to higher salaries and bigger pensions. This adjustment also impacts Children's Education Allowance (CEA) and Hostel Subsidy. -
Okaya Ferrato Disruptor E-Bike Launched In India With Three Riding Modes; Check Price, Specs And Special Offer
The Okaya Ferrato Disruptor e-bike features three dynamic riding modes- eco, city and sports. -
Zomato Receives GST Demand, Penalty Order Of Over Rs 2 Crore
The order consists of Rs 2,22,91,376 in GST demand with interest of Rs 2,08,98,164 and a penalty of Rs 22,29,136 for the April 2018 to March 2019 period. -
Singapore Airlines Pay Rs 2 Lakh Compensation To Indian Couple for Business Class Seat Malfunction
Singapore Airlines has recently been ordered to compensate an Indian couple with over Rs 2 lakh due to the 'mental agony' they experienced during a flight.
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EU pledges $1 billion for Lebanon, urges steps against illegal migration
EU chief Ursula von der Leyen on Thursday announced $1 billion in aid for Lebanon during a visit to the crisis-hit country and urged it to tackle illegal migration to the bloc. "I can announce a financial package of $1 billion for Lebanon that would be available from this year until 2027," von der Leyen said, adding that "we want to contribute to Lebanon's socio-economic stability". -
Aadhar Housing Finance IPO: Rs 3,000 crore offering to open May 8 with price band of Rs 300-315; know all the details here
Aadhar Housing Finance, supported by Blackstone, launches a Rs 3,000 crore IPO with a price band of Rs 300-315. The company aims to raise funds for future lending, focusing on low-income housing and offering mortgage loans and commercial property loans. -
Adani Ports Q4 results: India's largest port operator reports 77% YoY jump in profit - check details
Adani Ports and Special Economic Zone reported a 77% year-on-year jump in its consolidated net profit, reaching Rs 2,014.77 crore for Q4 FY24. -
Girish Mathrubootham Steps Down As Freshworks CEO; Dennis Woodside To Take Over
After his announcement, Freshworks' shares nosedived about 25 per cent and were trading around $13 apiece. -
RBI new loan rules: Is your bank overcharging you on interest? 4 ways in which customers may be paying extra
RBI uncovers unfair loan interest practices, orders refunds, and KFS implementation by October 1, 2024 for transparent loan terms and fair borrower treatment. -
Paytm Money CEO Varun Sridhar, who made platform profitable, steps down; Rakesh Singh to take charge
Paytm Money, the wealth management platform of One 97 Communications Ltd, has appointed Rakesh Singh as its new CEO, replacing Varun Sridhar. Singh, previously the CEO of broking services at PayU-backed Fisdom, joined Paytm Money recently. Under Sridhar's leadership, Paytm Money achieved profitability with a net profit of Rs 42.8 crore in FY23. -
IPOs thrive despite election season: Companies plan to raise over Rs 10,000 crore in May
Despite election season, companies plan IPOs to raise funds. Strong investor interest in high-quality IPOs drives market resilience. Recent successful offerings create momentum for new IPOs, reflecting ongoing market strength and investor optimism. -
New success story after smartphone exports! Telecom equipment production crosses Rs 45,000 crore milestone
Telecom equipment manufacturing in India has seen significant growth, with exports exceeding Rs 10,500 crore in the financial year 2024. The production linked incentive (PLI) scheme has played a crucial role in this success, creating over 19,500 direct jobs. -
Google Layoffs: Tech Giant Fires 'Core' Employees, Shifts Positions To India, Mexico
Asim Husain, Vice President of Google Developer Ecosystem recently informed his team about the layoffs through an email. -
Mumbai's Harbour Line Near CSMT Faces Disruption Following Train Derailments; Details
Mumbai's Harbour Line Near CSMT faced service disruptions because there was an imposition of speed restriction at 10 kmph for local trains at the crossover point -
Embattled Byju’s Links Sales Employees’ Salaries To Weekly Revenue Generation
The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju’s Exam Prep (BEP) teams, according to an internal company document. -
Govt's Firm Stand On Buying Russian Oil Saves $8 Billion In India's Import Bill
Prime Minister Narendra Modi-led government has stood firm in maintaining its ties with Russia despite the Western sanctions against Moscow. -
Shell says net profit sank 15.5% to $7.4 billion in first quarter
British energy major Shell on Thursday said net profit dropped 15.5 percent to $7.4 billion in the first quarter from a year earlier, hit partly by lower revenues from natural gas. The London-listed giant added in a statement that group turnover slid 16 percent to $74.7 billion in the quarter. -
Micron to export first batch of India-made semiconductor chips from Gujarat’s Sanand in 2025
Micron India aims to release semiconductor chips packaged at its Sanand facility in Gujarat for export by early next year. The company plans to cater to global demand for chips, with a focus on data centers, smartphones, notebooks, IoT devices, and automotive segments. -
Avaada Energy secures Rs 1,190 crore loan from SBI for solar project
Avaada Energy has secured a Rs 1,190 crore loan from the State Bank of India for a 400 MWp utility-scale solar PV project in Gujarat's Surendra Nagar district. The 20-year project loan facility will support the project's development and procurement by Gujarat Urja Vikas Nigam Limited. This marks Avaada's first venture in developing a greenfield project under an existing Special Purpose Vehicle.
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