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TechM partners Nokia for enterprise 5G solutions
As India moves towards auction of 5G spectrum and eventual rollout of the high-speed network over the coming years, partnerships and collaborations have been firming to offer new business solutions. -
4.8%: Retail inflation hits 11-month low
Retail inflation decreased to its lowest level in 11 months in April, driven by deflation in the fuel and light segment and reduced pressures on various other segments. However, food and beverages inflation remained high, hindering the possibility of interest rate reductions. Rural inflation stood higher at 5.4%, while urban inflation was at 4.1%. -
Anti-fake review norms to be mandatory for e-commerce companies
The government is planning to enforce mandatory anti-fake review norms for e-commerce companies in order to safeguard consumer interests. Consumer affairs department intends to implement QCO for online consumer reviews following unsuccessful voluntary attempt to control fake reviews. The department issued quality standards for online retailers one year ago, which banned publication of paid reviews and required disclosure of promotional content. -
Zomato to give up RBI licence for e-payments
Zomato announced on Monday that its subsidiary has chosen to voluntarily give up the authorization certificate it received from RBI to function as an online payment aggregator. "We do not see ourselves having a significant competitive advantage against the incumbents...," Zomato said. It also announced a net profit of 175 crore rupees on a consolidated basis in the March quarter. -
SoftBank's new vision: Aggressive AI bets
SoftBank Group, based in Tokyo, announces intention to be more assertive in AI and chip venture following profitable second quarter. Net income exceeds expectations with help from investment gains and increase in Arm's stock. CFO Yoshimitsu Goto says the company's net asset value reaches record $178 billion. Founder Masayoshi Son seeks $100 billion for chip venture to rival Nvidia. -
US fund Warburg to buy Shriram Housing Finance
US private equity major Warburg Pincus is set to purchase Shriram Housing Finance for Rs 4,630 crore, marking the largest acquisition of a home loan company by a private equity fund in India. This deal represents the largest investment by Warburg in the country so far. -
I-T dept unveils new step to aid taxpayers
The income tax department introduces a new functionality in the Annual Information Statement (AIS) allowing taxpayers to view and confirm financial data affecting taxes. Taxpayers can provide feedback on displayed transactions to ensure accuracy. CBDT states that the system is operational for data from tax deductors, collectors, and reporting entities. -
Cocoa prices plunge most in over 60 yrs
Cocoa futures in New York and London saw significant price drops due to predictions of wetter weather for major producers, leading to increased volatility in the market. The improved rainfall outlook is benefiting cocoa crops in key producing countries like Ghana, Indonesia, and Ivory Coast. -
Election effect: Sensex swings 1k pts as FPIs keep up selling
The Sensex experienced significant fluctuations, dropping almost 200 points before recovering and closing with a slight increase. Market sentiment is influenced by uncertainties related to polls and foreign fund selling activities. Foreign investors have sold stocks worth Rs 22,800 crore in May, while domestic investors have purchased stocks worth close to Rs 23,000 crore. -
'FPI selloff not due to poll jitters... other markets seem more attractive'
Foreign funds are selling Indian equities not because of election uncertainty but because they find other markets more compelling, and D-St valuations are providing them an exit opportunity, said HSBC India CEO Hitendra Dave. On Monday, Foreign Portfolio Investors were net sellers, selling shares worth Rs 4,499 crore in the capital markets. -
US, Japanese banks lead fossil fuel financing
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday. Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, according to the coalition's 15th annual report titled "Banking on Climate Chaos". -
N Chandrasekaran to chair Tata Electronics as Tata group focuses on semiconductor business with $14 billion investments
As Chandrasekaran already chairs several key Tata group companies, his appointment as chairman of Tata Electronics underscores the importance of the semiconductor business to the conglomerate. -
Mumbai Airport Resumes Operations After One Hour Suspension Due To Dust Storm
According to Mumbai International Airport Limited (MIAL), due to the inclement weather and dust storms in the city, Chhatrapati Shivaji Maharaj International Airport (CSMIA) temporarily suspended flight operations for around 66 min due to low visibility and gusty winds.
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Five States Including Karnataka Show Interest In Implementing Aadhaar-Based Authentication For GST Registration
Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration. -
BMW 3 Series Gran Limousine M Sport Pro Edition Launched At Rs 62.60 Lakh; Check Details
The Gran Limousine M Sport Pro edition showcases a sportier design with blacked-out elements like the kidney grille and gloss-black rear diffuser. -
Tata Motors shares slip over 8%; market capitalization declines by Rs 29,016 crore
Tata Motors stock after plummeting 8.34% or Rs 87.25 settled at Rs 959.80 on the BSE. The steep decline in the automaker's share price wiped off Rs 29,016.23 crore from its market capitalization, bringing it down to Rs 3,19,012.47 crore. -
April CPI inflation eases to 4.83% vs 4.85% in March 2024
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. -
Senior citizen FD rates: Banks offering up to 8.6% - check list here
Senior citizens can enjoy tailored FDs with higher interest rates at various banks, including DCB Bank, IDFC First Bank, Bandhan Bank, IndusInd Bank, YES Bank, and DBS Bank India. Rates apply up to Rs 2 crore. -
Mercedes-Maybach GLS 600 And AMG S 63 4MATIC E Performance To Launch On May 22: Details
The new Mercedes-Maybach GLS 600 is expected to be powered by a twin-turbocharged 4.0-litre V8 petrol engine coupled with a 48V starter-generator integrated into the nine-speed automatic gearbox.
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Tata Motors Shares Tank Over 8%; Mcap Declines By Rs 29,016 Crore
Tata Motors on Friday reported an over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the fourth quarter ended March 2024, riding with all its three auto businesses delivering a strong performance, especially the British arm Jaguar Land Rover. -
Tata Nexon Introduces New Variants Starting At Rs 7.99 Lakh: Details
Nexon Smart(O) Petrol comes with basic features like a semi-digital instrument cluster, front power windows, and a tilt-adjustable steering wheel.
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Zomato Q4 results: Firm reports Rs 175 crore profit vs Rs 188 crore loss YoY; shares close in red as earnings miss expectations
Zomato's Q4 profit of Rs 175 crore marked a significant turnaround. Revenue reached Rs 3,562 crore, missing estimates. Blinkit achieved EBITDA positivity, but Zomato's stock declined over 7% on NSE. -
Income tax return filing AY 2024-25: 3 updated utilities available for ITR-3; here’s how to choose the right one for you
The Income Tax Department streamlines ITR filing for FY 2023-24 with various utilities. Taxpayers have until July 31, 2024, to file returns. Different utilities cater to diverse taxpayer needs, offering online, offline, or Excel-based options. -
Zomato Posts Q4 Consolidated Net Profit At Rs 175 Crore
The company had posted a consolidated net loss of Rs 188 crore in the same quarter last fiscal, Zomato Ltd said in a regulatory filing. -
Paytm Focuses On UPI Lite Wallet For Low-Value Daily Payments
The company partnered with leading Payment System Providers (PSPs), such as Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank that will ensure a robust and reliable framework for your UPI transactions. -
India will give birth to Morgan Stanley, Merrill Lynch, JPMorgans in the coming years: Raamdeo Agrawal, Motilal Oswal group
Raamdeo Agrawal, the Chairman of Motilal Oswal group has said that India is going to give birth to Morgan Stanley, Merrill Lynch, a big JPMorgan or big asset management company with a serious scale. -
SBI jobs: 85% of State Bank of India’s hiring for POs & associates in FY25 are engineering graduates
In fiscal year 2025, SBI targets to recruit 12,000 fresh faces, primarily engineering graduates, for diverse business roles. Heavy investment in technology training ensures a continuous supply of tech manpower, surpassing industry standards. -
Seven out of India's top 10 wealthiest individual investors lost money in March quarter - check details
Seven out of India's top 10 wealthiest individual investors saw a decline in their wealth during the March quarter despite the Nifty gaining 3%. The Jhunjhunwala family's wealth in publicly traded companies exceeded Rs 50,000 crore for the first time. Find out more about the wealth fluctuations of top investors in India. -
Tamil Nadu Grape Farmers In Big Crisis Due To Sweltering Heat
K. Muniayndi, a farmer in Theni who has cultivated panneer thiratchai on around 10 acres of land, told IANS that due to high temperatures, there would be a drastic fall in the crop's yield. -
Apple iPhone exports from India nearly double in April to $1.1 billion; may hit Rs 1 lakh crore mark in FY25
Apple's iPhone exports from India almost doubled in April, reaching $1.1 billion (Rs 9,000 crore) from $580 million in the previous year. India is becoming Apple's second manufacturing hub for iPhones outside China.
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