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Updated: 38 min ago
Amid slackness, RBI report confident of festive season boost to economy
"Stage is set for the private sector to deploy capital and invest in growth"
FPI selling tops $10 billion so far in October amid a shift to China
If trend holds, this will be first monthly outflows of over $10 bn
Celeb-bait ads make Meta turn to facial recognition tech to combat scams
Global launch to help with faster account recovery
WazirX moved over $73 million crypto after data breach: CoinSwitch
While WazirX did not deny the allegation in its official statement, it added that CoinSwitch should instead provide users real-time tracking tracking of proof of reserves and wallet addresses
CL Educate plans global expansion after NSEIT's DEX business buy
Post this acquisition, it will enter the digital assessment market, which is projected to touch over Rs 13,000 crore in India by 2028
HFCL Q2 results: Net profit jumps 4.5% to Rs 73 cr, revenue at Rs 1,094 cr
In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally
Drug firm Lupin names Claus Jepsen as President Global specialty business
Jepsen joins Lupin from Takeda Pharmaceuticals, where he led the Global Strategy for rare diseases
IBM releases new AI models for businesses as genAI competition heats up
The new Granite models were trained using AI chip leader Nvidia's H100 graphics processor units (GPUs), said Dario Gil, IBM's director of research
Emaar India to invest Rs 2,000 crore in Mumbai Metropolitan Region market
The company's first project in the state will soon be launched in Alibag, with an estimated revenue potential of about Rs 700 crore
Resolved 99.1% of the 10,644 complaints received from CCPA: Ola Electric
The CCPA had issued a show-cause notice demanding an explanation for the handling of thousands of consumer complaints regarding service deficiencies, and providing 15 days to respond
Balu Forge Q2 results: Net profit jumps more than two-fold to Rs 48.1 crore
The company had delivered a PAT of Rs 23.27 crore in the second quarter of the fiscal 2023-24
Microsoft to let clients build AI agents for routine tasks from Nov
Other big technology companies such as Salesforce have also touted the potential of such agents
Mahindra Logistics Q2 results: Net profit declines 54% to Rs 8.5 crore
Revenue during the quarter under review, however, increased 9 per cent to Rs 1,236 crore from Rs 1,136 crore in July-September FY24
CD&R makes Rs 2,983 cr offer for 26% stake in Sanofi Consumer Healthcare
The development follows Sanofi and Clayton, Dubilier & Rice (CD&R) entering into exclusive negotiations whereby CD&R Group has agreed to acquire a controlling stake in Opella
JSW Steel, ACC, NMDC among 31 bidders in 10th commercial coal mine auction
"A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement
Bajaj Housing Finance Q2 results: Net profit rises 21% to Rs 546 crore
This is the first quarterly earnings report after its equity capital market listing in September 2024
Indian Army to return to 2020 LAC patrolling: Jaishankar on Indo-China pact
Earlier in the day, Foreign Secretary Vikram Misri revealed India and China had reached agreement on patrolling arrangements along LAC in eastern Ladakh, which could lead to disengagement
Disney to announce next CEO in early 2026, names James Gorman as new chair
Gorman will become chairman on January 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney's board for nine years
India to launch coal exchange soon: Coal minister G Kishan Reddy
"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up
KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food
The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors