CATEGORIES

Sebi seeks more time to probe Adani

Says matter complex; needs 6-month extension

Bots customised for companies on Al delivery list

ChatGPT was rivalled by Indian Chatsonic a week after launch. Delhi startup's newest offering to have AI tailored for an organisation

March non-food credit growth falls to 15.4%

THE NON-FOOD CREDIT growth of banks moderated to 15.4% on a year-on-year (YoY) basis in March, from 15.9% in February, according to the latest sectoral deployment of credit data released by the Reserve Bank of India (RBI) on Friday

Majority of pilots have accepted new contracts, says Air India CEO

CAMPBELL WILSON, AIR India’s managing director and CEO, on Friday said that a majority of pilots have accepted the new compensation package offered by the carrier last week

UltraTech profit dives 32% on high energy, input costs

ULTRATECH CEMENT, INDIA'S largest cement producer, posted a 32.30% fall in consolidated net profit at 1,666 crore for the fourth quarter ended March 31, impacted by a rise in energy and raw material costs

Parts of India to see above-normal heatwaves in March

INDIA METEOROLOGICAL DEPARTMENT (IMD) on Friday predicted above-normal' heatwave days over most parts of east, central and some parts of north-west and peninsular region in May while northwest and west-central parts of the country are likely to see normal to below normal temperature

RIL eyes Jio Financial listing by Oct

RELIANCE INDUSTRIES IS planning to list its digital financial services unit as soon as October, according to people familiar with the matter

Disney is new Star of IPL viewership in just 29 matches

Reach for 2023 so far better than the entire 2022 season

Google removes over 3,500 loan apps in India over policy breach

GOOGLE ON THURSDAY said it removed more than 3,500 personal loan apps in India last year that violated its Play Protect policy requirements

Sony profit surges on chip & music growth

SONY GROUP ON Friday posted a record annual profit due to a strong performance at its music and microchip units, but the company predicted a smaller profit for the year to next March

SBI Card PAT rises 3%

SBI CARDS AND Payment Services on Friday reported a 3% year-on-year (y-0-y) rise in its net profit to 596 crore due to a growth in credit card receivables and robust credit card spends

Axis Bank has enough capital to absorb Q4 loss: S&P

AXIS BANK HAS adequate capital to absorb the loss it posted in Q4FY23, mainly because of an asset writedown related to a deal to buy some Citigroup assets, S&P Global Ratings said on Friday, reports Reuters

Adani prepays $200-mn Holcim debt, seeks loan extension

ADANI CEMENT INDUSTRIES has prepaid 200 million in the past week, helping pare a 1 billion mezzanine loan taken from global banks to fund the purchase the Indian units of Holcim, people familiar with the matter said

Swiggy starts 'platform fee' of ₹2 per order

FOODTECH UNICORN SWIGGY has begun charging users a 'platform fee’ of ₹2 per order, which is presumably aimed at collecting more revenue per order to maintain the food delivery platform

3,110-MW hydropower units to start this fiscal

INDIA WILL ADD 3,110 MW hydropower generation capacity, built at an investment of about 45,000 crore, this fiscal, expanding the current installed capacity of 46,850 MW by 6.6%, an official with knowledge of the matter said

Core sector growth slows to 5-month low of 3.6% in Mar

GROWTH IN CORE infrastructure industries moderated to a five-month low in March at 3.6% year-on-year, partly due to the base effect but also because of unseasonal rains

CEO-designate Kapoor resigns, JKC says Jet revival plan intact

New CEO may be announced soon

Mobile shipments see steepest fall in Jan-March

THE YEAR 2023 has started on an adverse note for the Indian smartphone market as shipments fell 19-20% to 31 million in January-March, the highest-ever decline in the first quarter, according to data from Counterpoint and Canalys.

JioCinema expands OTT footprint with Warner Bros deal

Viacom18 set to disrupt space with latest arrangement

Demographic profile of India an opportunity

INDIA CROSSING CHINA in population is an opportunity because it will create a large domestic market thanks to the young people who are ready to offer their services and labour to the world, said Manish Sabharwal, vice chairman, TeamLease Services.

Demand for work declines in FY23

EMPLOYMENT UNDER MGNREGA

Banks should have adequate capital buffers, liquidity: Das

Central bank is closely monitoring lenders' business models

Pakistan all set to get discounted Russian oil, PM Shahbaz Sharif says

PAKISTAN'S PRIME MINISTER Shehbaz Sharif said on Thursday that everything was set for his country to receive a shipment of discounted Russian oil.

Meta posts solid Q1 results; revenue up 3%, stock soars

META PLATFORMS SHARES surged 15% after the company reported a surprising rebound in digital advertising sales, buying it time to keep pouring money into speculative businesses like artificial intelligence and virtual reality.

US economy slows to 1.1% in Q1

Decline in inventories restrains US economic growth in first quarter

Air India to hire 1,000 pilots; unions resist salary revision

AIR INDIA WILL hire more than 1,000 pilots, including captains and trainers, as the carrier expands its fleet and network.

Coforge expects to hit $2-bn revenue mark soon

INFORMATION TECHNOLOGY COMPANY Coforge, which achieved $1 billion revenue in FY23, expects not to take too long to reach the $2billion mark, CEO Sudhir Singh told FE in an interaction. While he did not share a timeline, Singh said five years will be too long to achieve the target.

Boeing rectifies issue with supplier

TO STEP UP 737 MAX DELIVERIES

Citroën unveils midsize SUV C3 Aircross

FRENCH CARMAKER CITROËN on Thursday unveiled the C3 Aircross SUV for the India market.

IRB Infra bags Hyderabad Outer Ring Road project for ₹7,380 cr

IRB INFRASTRUCTURE DEVELOPERS on Thursday said it has won the TOT (Tolling, Operation, Maintenance & Transfer) project for the Nehru Outer Ring Road in Hyderabad, Telangana from the Hyderabad Metropolitan Development Authority (HMDA).