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US, Seoul markets down over Nvidia
Business

US, Seoul markets down over Nvidia's underwhelming earnings result

Seoul, Aug 29: South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia. The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62...
PMJDY world
Business

PMJDY world's largest financial inclusion scheme: Nirmala Sitharaman

New Delhi, Aug 28: The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Narendra Modi on August 28, 2014, has become the world's largest financial inclusion scheme with more than 53.14 crore beneficiaries and total deposit balances at Rs 2,31,236 crore, the government said on...
Sales turnover in Janmashtami festivities soars to Rs 25,000 crore
Business

Sales turnover in Janmashtami festivities soars to Rs 25,000 crore

New Delhi, Aug 28: The Janmashtami festival this year generated a business of more than Rs 25,000 crore, according to the traders’ body Confederation of All India Traders (CAIT). The high sales turnover reflects robust consumer spending in a growing economy which shoots up during festive...
ZF Group to invest over Rs 18,700 crore in India
Business

ZF Group to invest over Rs 18,700 crore in India

New Delhi, Aug 28: Germany's conglomerate ZF Group is going to invest 2 billion euros (approximately Rs 18,750 crore) in the next six years to expand its business in India across various sectors including auto components, wind gearboxes, construction and agricultural machinery. With large...
Rising Govt capex fuelling surge in India
Business

Rising Govt capex fuelling surge in India's physical & digital infra

New Delhi Aug 28: The Union Government has enhanced its capital expenditure on infrastructure projects such as roads, railways and airports from Rs 1.97 lakh crore (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 lakh crore (3.4 per cent of GDP) in FY2024-25, according to credit rating agency Moody's...
IMF approves $820 mn disbursement to Egypt
Business

IMF approves $820 mn disbursement to Egypt

Cairo, Aug 27: The International Monetary Fund (IMF) approved a disbursement of US$820 million to Egypt as part of an 8 billion-dollar loan program. The IMF on Monday said macroeconomic conditions in Egypt have improved since the program's first and second reviews in March, noting that inflationary...
EET Fuels moves to key stage in Hydrogen Fuel Switching project, appoints Wood
Business

EET Fuels moves to key stage in Hydrogen Fuel Switching project, appoints Wood

Stanlow (UK), Aug 27: EET Fuels, the trading name of Essar Oil UK, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its Hydrogen Fuel Switching project. Hydrogen will be provided by EET Hydrogen, the...
Hiring in Indian telecom, ISP and allied industry to see 5.62 pc growth in July-Dec
Business

Hiring in Indian telecom, ISP and allied industry to see 5.62 pc growth in...

Bengaluru, Aug 27: The telecom, internet service provider (ISP) and allied industry in the country is poised for robust growth with an expected net employment increase of 5.62 per cent in the first half of current fiscal (FY25), a report said on Tuesday. The report mentioned that 62 per cent of...
Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr
Business

Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr

Mumbai, Aug 23: The shares of Ambuja Cements, part of the diversified Adani Portfolio, gained in morning trade on Friday after a promoter entity likely divested Rs 4,197.8 crore worth stock at the floor price. Holderind Investments, a company owned by billionaire Gautam Adani and his family, likely...
LinkedIn appoints Kumaresh Pattabiraman as Country Manager, Product Head in India
Business

LinkedIn appoints Kumaresh Pattabiraman as Country Manager, Product Head in...

New Delhi, Aug 23: Microsoft owned professional networking platform LinkedIn on Friday announced it has appointed Kumaresh Pattabiraman as new Country Manager and Product Head in India. With over 135 million members, India stands as LinkedIn's second-largest and fastest growing market.In a post,...
Annual logistics rental growth in Delhi-NCR best among Indian cities: Report
Business

Annual logistics rental growth in Delhi-NCR best among Indian cities: Report

Mumbai, Aug 22: Delhi-NCR has been rated among top 10 Asia-Pacific logistics markets for annual rental growth for the first half this year, a report said on Thursday. At 3 per cent rental growth, the Delhi-NCR logistics rental market recorded better growth, while Mumbai (2.3 per cent) and Bengaluru...
Local telecom manufacturing to provide more jobs at entry level: Minister
Business

Local telecom manufacturing to provide more jobs at entry level: Minister

New Delhi, Aug 22: The thrust of local telecom manufacturing, driven by the production-linked incentive (PLI) scheme, will provide more job opportunities at entry level and help in building up skilled manpower resources, the Centre has said. During a meeting with original equipment manufacturers...
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