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Business
Centre urges states to leverage ULIP for unified logistics ecosystem
21 May 2024 7:51 AM GMT
New Delhi, May 20: The Centre on Monday urged states to leverage the Unified Logistics Interface Platform (ULIP) to increase the efficiency of the country’s logistics sector to cut transport costs and spur economic growth. Addressing representatives of states at a workshop organised in Vanihya...
Business
EPFO adds 14.41 lakh members in March, 57 pc are youths in new jobs
21 May 2024 7:37 AM GMT
New Delhi, May 20: The Employees’ Provident Fund Organisation (EPFO) payroll data released on Monday shows that as many as 14.41 lakh net members in March this year, reflecting the increased employment created in the country’s organised sector during the month. The data indicates that around 7.47...
Business
Oil India posts 17 pc jump in Q4 net profit
21 May 2024 7:35 AM GMT
New Delhi, May 20: Oil India Limited (OIL) has reported a 17 percent increase in consolidated net profit at Rs 2332.94 crore in the Jan-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 1,979.74 crore in the same period of 2022-23. The upstream oil exploration...
Business
SpaceX may exceed 90 pc of all Earth payloads to orbit this year: Musk
21 May 2024 7:19 AM GMT
New Delhi, May 21: Billionaire Elon Musk on Tuesday said that his space venture SpaceX is likely to exceed 90 per cent of all Earth’s payload to low Earth orbit later this year. Musk said this, in a post on social media platform X, based on a report that showed that SpaceX aced more than half of the...
Business
No truth in opposition's unemployment narrative, crores of jobs created in last...
20 May 2024 10:50 AM GMT
New Delhi, May 19: Slamming the opposition on running a false unemployment narrative, Prime Minister Narendra Modi on Sunday said crores of new jobs have been created across sectors in the last 10 years, riding on a young talented workforce amid the growth of creators’ economy and boom in the...
Business
Yotta Data Services appoints Anil Pawar as Chief AI Officer
20 May 2024 10:28 AM GMT
Mumbai, May 20: Digital transformation service provider Yotta Data Services, on Monday, appointed Anil Pawar as the Chief AI Officer and Head of AI Cloud Business Unit. Reporting to Sunil Gupta, Co-founder, MD and CEO, Pawar will lead strategic endeavours within the AI Cloud Business Unit, focusing...
Business
NSE, BSE closed today on account of LS elections
20 May 2024 10:25 AM GMT
Mumbai, May 20: NSE and BSE will remain closed on Monday due to Lok Sabha elections in Mumbai. According to the Bombay Stock Exchange (BSE) trading holiday calendar, all the segments of the markets will remain shut, including SLB and derivatives. Mumbai, one of the regions participating in the fifth...
Business
TRAI move on new broadcasting policy to make India a global content hub
20 May 2024 10:24 AM GMT
New Delhi, May 20: Broadband India Forum (BIF) on Monday commended the initiative by the Telecom Regulatory Authority of India (TRAI) to gather public input for the National Broadcasting Policy (NBP). The BIF said an enabling policy framework can provide the much needed fillip for the broadcasting...
Business
Ananant Systems joins India Electronics and Semiconductor Association to drive...
20 May 2024 10:21 AM GMT
Bengaluru, May 20: In a boost to the country's chip manufacturing goals, semiconductor and wireless systems company Ananant Systems on Monday announced its membership with the India Electronics and Semiconductor Association (IESA). The collaboration underscores the company's commitment to fostering...
Business
India to regain its share in global trade on back of sustained growth rates:...
18 May 2024 9:14 AM GMT
New Delhi, May 18: In 2012, India was at 11th place in the world GDP rankings and today, the country is at the fifth position jumping six places in the last decade or so and it is only inevitable that we will go to the third spot in the next 2-3 years, Rajesh Kumar Singh, Secretary, Department for...
Business
Nestle India shareholders reject proposal to hike royalty to Swiss parent
18 May 2024 9:12 AM GMT
Mumbai, May 18: Nestle India shareholders have rejected a proposal of the company’s board of directors to increase royalty payments to its Swiss parent Nestle S.A., according to a regulatory filing by the company.Shareholders with a total 57.18 percent stake in the company voted against the...
Business
Women break through glass ceiling at India Skills 2024
18 May 2024 9:10 AM GMT
New Delhi, May 17: The India Skills Competition 2024, which is underway from May 15-19 at Yashobhoomi convention centre in Dwarka has been witnessing increased participation of women in trades that were previously dominated by men.This year, India Skills is witnessing the participation of 900 plus...
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