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Business
Interim Budget unlikely to impact market in a big way, say analysts
29 Jan 2024 12:43 PM IST
New Delhi, Jan 29: Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The Budget will be a vote on account...
Business
O.P. Jindal Global University sets up new Jindal India Institute to build...
29 Jan 2024 12:41 PM IST
Sonipat, Jan 29: O.P. Jindal Global University (JGU), based in Haryana's Sonipat, has launched a unique, one-of-its-kind Jindal India Institute (JII). It is a strategic think tank housed within a private university for ideationally and intellectually enabling India’s rise in the world by building...
Business
Assam to hold boiler expo to attract investments
29 Jan 2024 12:27 PM IST
Guwahati, January 29: The Assam government will host a steam boiler expo in February with an aim to attract industry players for investment in the state, officials said. An official statement mentioned that the event is a dynamic collaboration with industry giants such as Indian Oil Corporation...
Business
Southern Railway closer to loading 41 million ton of goods in FY24
27 Jan 2024 12:56 PM IST
Chennai, Jan 26: Southern Railway is in line with loading 41 million ton of goods this fiscal, eight per cent higher than that of the previous fiscal, said General Manager R. N. Singh. Speaking at the Republic Day function after unfurling the tricolor at the Railway Stadium here, Singh said:...
Business
UK regulator launches antitrust probe into $19 bn Vodafone-Three UK merger
27 Jan 2024 12:54 PM IST
London, Jan 26: The UK’s Competition and Markets Authority (CMA) on Friday launched a formal probe into the proposed $19 billion merger between Vodafone and CK Hutchison-owned Three UK. The CMA now has up to 40 working days to assess the deal as part of a Phase 1 investigation. The regulator...
Business
Krutrim becomes India's 1st AI unicorn with latest funding
27 Jan 2024 12:25 PM IST
New Delhi, Jan 26: Homegrown AI company Krutrim on Friday became the country's fastest unicorn and also the first AI unicorn in the country, after it closed its first round of funding. The funding round, led by investors such as Matrix Partners India and others, garnered an investment of $50...
Business
Canada 'disappointed' at UK's decision to pause free trade talks
27 Jan 2024 12:19 PM IST
Ottawa, Jan 26: Canadian Trade Minister Mary Ng has expressed disappointment over the UK's decision to pause the bilateral free trade talks. Talking to reporters, Ng said she is "very confident" that the two sides will get back to the table, Xinhua news agency reported. "I would encourage my...
Business
Tata partners Airbus to make helicopters as India, France cement ties
27 Jan 2024 12:18 PM IST
New Delhi, Jan 26: The Tata Group and France's Airbus have signed an agreement to manufacture H125 helicopters "with a significant indigenous component" as part of the growing defence industrial partnership between the two countries, Foreign Secretary Vinay Kwatra said on Friday. Prime Minister...
Business
Tata Steel bounces back into profit in Q3 despite challenges in Europe ops
25 Jan 2024 11:39 AM IST
Mumbai, Jan 24 ( Tata Steel on Wednesday bounced back with a consolidated net profit of Rs 522.14 crore in the Oct-Dec quarter of the current financial year from a massive Rs 2,501.95 crore loss in the same quarter of the previous fiscal, as a strong domestic demand offset the losses that the...
Business
Finance Minister kicks off Interim Budget 2024 process with halwa ceremony in...
25 Jan 2024 11:38 AM IST
New Delhi, Jan 24: The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr. Bhagwat Kisanrao Karad. The customary Halwa...
Business
DIAL moves Delhi HC against Centre's decision to permit commercial flight...
25 Jan 2024 11:37 AM IST
New Delhi, Jan 24: The Delhi International Airport Limited (DIAL) on Wednesday filed a petition before the Delhi High Court challenging the Civil Aviation Ministry's decision to permit the Airports Authority of India (AAI) to start scheduled commercial flight operations at Hindon Airforce Station in...
Business
Cloud software major SAP's restructuring plan to affect 8,000 jobs
25 Jan 2024 11:36 AM IST
New Delhi, Jan 25: Cloud software major SAP has announced a company-wide restructuring programme in 2024 that will affect approximately 8,000 positions. The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programmes and internal re-skilling...
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