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RBI not thinking of moving towards de-dollarisation: Governor Das
Business

RBI not thinking of moving towards de-dollarisation: Governor Das

Davos, Jan 17: Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation of the rupee are not aimed at replacing the dollar. “There is no such thinking to...
Rupee edges up against US dollar
Business

Rupee edges up against US dollar

Mumbai, Jan 11: The rupee edged up by 2 paise vis-a-vis the US dollar to close at 83.01 on Thursday, making it the seventh consecutive day of gain for the Indian currency. Lower crude oil prices in the global market and sustained buying of equity in the stock markets by foreign funds has helped...
LIC receives Income Tax demand order of Rs 3,528 crore
Business

LIC receives Income Tax demand order of Rs 3,528 crore

New Delhi, Jan 11: Life Insurance Corporation of India has received orders for Rs 3,528 crore from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai. "Corporation shall file an appeal before Commissioner (Appeals), Mumbai against the said...
Embracing the ‘eXtra’, HONOR
Business

Embracing the ‘eXtra’, HONOR's X series set to make waves in India

New Delhi, Jan 12: In the ever-evolving dynamics of the smartphone industry, HONOR stands as a true game-changer. The debut of the eagerly awaited X series will mark another chapter in Honor's legacy of innovation. With an unwavering commitment to pushing the boundaries of mobile technology and a...
SAP elevates Kulmeet Bawa to global role for its business technology platform
Business

SAP elevates Kulmeet Bawa to global role for its business technology platform

New Delhi, Jan 12: Cloud software major SAP on Friday announced to elevate Kulmeet Bawa, President and Managing Director for the Indian Subcontinent, to a global role as the Chief Revenue Officer, SAP Business Technology Platform (SAP BTP). In his new role, Bawa will be responsible for driving...
Amazon-owned Audible lays off over 100 employees
Business

Amazon-owned Audible lays off over 100 employees

San Francisco, Jan 12: Amazon-owned audiobook and podcast division Audible is laying off 5 per cent of its staff, more than 100 employees, as part of overall job cuts at the e-commerce giant. After laying off hundreds of employees at Twitch, Prime Video and MGM Studios this week, Amazon is also...
Ruby Mills updates on pending litigations & disputes
Business

Ruby Mills updates on pending litigations & disputes

New Delhi, Jan 12: Ruby Mills has made a disclosure on January 5 regarding the company petition filed by Shreem Corporation Pvt. Ltd., (through its Resolution Professional), formerly known as Rajput Retail Limited (RRL) against the company concerning disputes between and the Promoters/Directors of...
Zoomcar appoints Adarsh Menon as President to lead its business
Business

Zoomcar appoints Adarsh Menon as President to lead its business

Bengaluru, Jan 11: Car sharing platform Zoomcar on Thursday announced the appointment of Adarsh Menon as its President to lead its business. Menon will be responsible for all aspects of growth, operations and customer experience for the company, said the company, which got listed recently on...
India, UAE aim to take bilateral trade to $100 billion: Piyush Goyal
Business

India, UAE aim to take bilateral trade to $100 billion: Piyush Goyal

Gandhinagar, Jan 10: Commerce and Industry Minister Piyush Goyal on Wednesday said that India and UAE aspire to expand their bilateral trade to $100 billion. He also highlighted efforts that were underway to facilitate rupee-dirham trade. Addressing the UAE India Business Summit at the Vibrant...
PM Modi attends Global FinTech meeting in GIFT city
Business

PM Modi attends Global FinTech meeting in GIFT city

Gandhinagar, Jan 10: Prime Minister Narendra Modi on Wednesday attended the Global FinTech Forum at the GIFT city here. "Attended the Global FinTech Forum at GIFT city today. It was a great convergence of brilliant minds in finance & technology, discussing innovative solutions for the digital...
EET Hydrogen
Business

EET Hydrogen's plans for UK’s largest hydrogen production hub given green light

New Delhi, Jan 11: Cheshire West & Chester Council has approved groundbreaking plans by EET Hydrogen for the first large-scale, low carbon hydrogen production plant (HPP1) in the UK located at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. Consisting of two plants (HPP1 and...
Re-appointment of three Directors approved in AGM: SpiceJet in BSE intimation
Business

Re-appointment of three Directors approved in AGM: SpiceJet in BSE intimation

New Delhi, Jan 11: In its stock exchange intimation on Thursday, the SpiceJet said that during the annual general meeting, issue and allotment of 31,83,00,000 equity shares of Rs 10 each at a price of Rs 50 per share on preferential basis, and reappointment of three directors have been approved. ...
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