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Updated: 25 min 47 sec ago

Paytm discontinues inter-company agreements with its payments bank

Fri, 03/01/2024 - 02:59
Paytm, formally known as One 97 Communications, did not specify what agreements were being terminated

Tech, cricket big wins for billionaire Ambani in Disney-Reliance tie-up

Fri, 03/01/2024 - 01:48
Reliance's JioCinema is largely free and doesn't disclose user numbers, having started a premium paid offering just last year

Cabinet clears 3 semiconductor plants with investment of Rs 1.26 trillion

Thu, 02/29/2024 - 18:49
Cabinet approves three more semiconductor units; two in Gujarat and one in Assam

Economy expands 8.4% in Q3; FY24 growth projection now up at 7.6%

Thu, 02/29/2024 - 18:47
The National Statistical Office (NSO), in its second advance estimates data released on Thursday, revised the FY24 growth estimate upward to 7.6 per cent, from the 7.3 per cent projected in January

Govt hikes windfall tax on petroleum crude to Rs 4,600 a tonne from March 1

Thu, 02/29/2024 - 18:24
On Feb. 16, the government raised the windfall tax on petroleum crude to 3,300 rupees a metric ton from 3,200 rupees and hiked the tax on diesel to 1.5 rupees a litre from zero

Behind Apple's doomed car project: False starts and wrong turns

Thu, 02/29/2024 - 17:16
Throughout its existence, the car effort was scrapped and rebooted several times, shedding hundreds of workers along the way

Tata JLR aims to generate over a third of its own power globally by 2030

Thu, 02/29/2024 - 17:10
The company said work would start this year on the automaker's first three UK solar projects in Gaydon, Halewood and Wolverhampton, which should be completed by the end of 2026

JSW Steel floats subsidiary for production of hot, cold-rolled steel item

Thu, 02/29/2024 - 17:01
Hot-rolled steel finds applications in sectors like automobile, agriculture etc, while cold-rolled steel is used by industries manufacturing, construction and home appliances, among others

Pidilite appoints Sudhanshu Vats as MD designate, Bharat Puri to step down

Thu, 02/29/2024 - 16:53
Incumbent Bharat Puri will step down in April next year after the completion of his tenure as Managing Director, according to a statement from Pidilite Industries

Govt launches Bharat Startup Ecosystem Registry to create database

Thu, 02/29/2024 - 15:14
It is envisaged that the registry will facilitate easy access and discovery, fostering collaboration and growth within the ecosystem

Biocon Biologics signs agreement with Janssen Biotech for psoriasis drug

Thu, 02/29/2024 - 15:07
Biocon said that the U.S. FDA has accepted the Biologics License Application (BLA) for Bmab 1200 (bUstekinumab) for review under the 351(k) pathway

Advent PE begins merger process of Suven Pharma and Cohance Lifesciences

Thu, 02/29/2024 - 14:40
The merged platform will have mid-30s EBITDA margins, 30 per cent Return on Capital Employed (RoCE) and stable cash flow generation over FY20-23, the statement said

Adani Group's Ebitda sees increase of 34% at Rs 79,000 crore in 2023

Thu, 02/29/2024 - 14:39
EBITDA of Rs 78,823 crore in 2023 is compared with Rs 58,653 crore pre-tax profit in the previous year, it said in a statement

GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

Thu, 02/29/2024 - 12:09
In the previous quarter, it was 7.6 per cent and 7.8 per cent in the July quarter

OnlyFans paid $15 billion to its creators since launch in 2016: CEO Blair

Thu, 02/29/2024 - 11:54
OnlyFans is an online content creation platform with about 3.1 million creators. The website takes one-fifth of the payments generated on it and paid about $5.6 billion to its creators in 2022

SC dismisses Vedanta's plea against closure of copper plant in Thoothukudi

Thu, 02/29/2024 - 11:51
The plant has been closed since May 2018 after 13 people were killed as police opened fire to quell a protest over alleged pollution caused by it

Key infra sectors' growth slows to 15-month low of 3.6% in January

Thu, 02/29/2024 - 11:45
The output growth of refinery products and fertiliser was in the negative zone. And the pace of increase in the output of coal, steel, and electricity decelerated during the month under review

REC to issue deep-discount bonds to raise Rs 5,000 crore in March

Thu, 02/29/2024 - 11:35
The state-run financier plans to raise the money through 10-year, deep-discount bonds and the issue is likely to see strong investor demand, the sources said

Fiscal deficit at Jan-end touches 63.6% of full year target: Govt data

Thu, 02/29/2024 - 11:28
In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 per cent of Revised Estimates (RE) of the Union Budget 2022-23

Swan Energy raises Rs 3,000 cr via QIP of shares priced at Rs 670 apiece

Thu, 02/29/2024 - 11:22
The fund will be deployed to modernise the recently acquired Reliance Naval and Engineering's shipyard at Pipavav. a portion of the fund will be allocated for project expansion and debt reduction