CATEGORIES

Huawei's smart car tech offers automakers route to China sales

It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show.

Xi warns Blinken against engaging in 'vicious competition'

President Xi Jinping told top US diplomat issues remain in the bilateral relationship, as the world's largest economies held talks aimed at resolving thorny disputes on trade and China's ongoing support of Russia.

US to probe Tesla's recall of 2 mn vehicles over Autopilot

US auto safety regulators said on Friday they have opened an investigation into whether Tesla's recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate.

Bajaj Finserv Q4 profit rises 20% to ₹2,119 crore

Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to 2,119 crore for the March quarter.

CSB Bank net dips 3%

Private sector lender CSB Bank on Friday reported a 3 per cent decline in its net profit to ₹151 crore for the fourth quarter ended March 2024, mainly due to a rise in bad loans.

Shriram Finance logs 57% rise in Q4 profit

India's largest non-banking financial company Shriram Finance on Friday reported a 57 per cent year-on-year (Y-o-Y) jump in its consolidated net profit for the fourth quarter of 2023-24.

SBI Card sees 11% profituptick

The net profit of SBI Cards and Payment Services increased 11 per cent to ₹662 crore in the fourth quarter of financial year 2023-24 (Q4FY24) from 596 crore in the year-ago period.

Fall in costs boosts SBI Life numbers

The net profit of SBI Life Insurance Company increased to 811 crore during the quarter ended Q4 FY24, 8 per cent higher than the ₹776 crore in the year-ago period on the back of a decline in expenses.

Basmati exports rose 22% till Feb FY24 on West Asia demand

Exports increased to 4.68 MMT in April-February, from 4.1 MMT during the same period, rising 14% in volume

Bank of Maharashtra net profit jumps 45%

Bank of Maharashtra's profit increased 44.95 per cent year-on-year (Y-o-Y) to ₹1,218 crore for the March quarter (Q4) of FY24 on the back of a steady rise in net interest income (NII) and uptick in fees and commissions.

RBI seeks transparency with digital view of loans

The Reserve Bank of India (RBI) has come out with draft guidelines for 'Digital Lending Transparency in Aggregation of Loan Products from Multiple Lenders.

SC's EVM verdict 'tight slap' to Cong-led Opposition: PM

Prime Minister Narendra Modi on Friday asserted that the Supreme Court judgement on Electronic Voting Machines (EVMS) was a \"tight slap\" to the Congress-led opposition which must \"apologise\" for committing the \"sin\" of creating distrust against EVMs.

Scindia looks to reclaim lost glory in former bastion Guna

Union minister Jyotiraditya Scindia is again in the electoral fray from Madhya Pradesh's Guna, a parliamentary constituency he has won on four occasions as a Congress candidate, including on his electoral debut in a bypoll in 2002, after his father Madhavrao Scindia, the incumbent Lok Sabha member of Parliament (MP) from the seat, had passed away.

BJP's agri manifesto: The perils and the promise

Significant progress in production, yields, area of pulses and oilseed in FY19-23

61% cast vote in Phase 2, Maha sees lowest turnout

The voter turnout on Friday was an approximate 60.96 per cent till 7 pm in the second phase of the Lok Sabha polls, taking place in 88 seats across 13 states and Union Territories, with Maharashtra seeing the lowest voter turnout.

IPTV to challenge cable TV market in India'

Fixed-line internet service provider Excitel is betting on Internet Protocol Television (IPTV) technology to challenge the existing market of 60-70 million cable TV homes in India, VIVEK RAINA, CEO and cofounder, tells Subhayan Chakraborty in a face-to-face interview in New Delhi. Serving more than a million homes, Excitel is the third-largest fibre-to-home broadband provider in the country, and plans to expand 3x in the next 5 years, he says. Edited excerpts:

Capria Ventures raises ₹153 cr for India Opportunity Fund

Capria Ventures, a Global South specialist venture capital firm, on Friday announced the successful completion of fundraising for its India Opportunity Fund at 153 crore.

Mobile makers can offer market for fabs if they make 10-14 nm chips

Mobile-device companies could be a readymade market for domestic fabrication plants if the latter manufacture chips of 10-14 nanometres (nm), which comprise the bulk of the requirement in making smartphones.

Advent to infuse ₹2,475 cr into Apollo Hospitals' arm

Apollo HealthCo Ltd (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), on Friday entered into a binding agreement to raise equity capital of 2,475 crore from Advent International (Advent), one of the world's largest private equity (PE) players.

India's widebody fleet stagnant for past 15 yrs

India's widebody aircraft fleet has remained stagnant over the past 15 years, in contrast to the expanding fleets of carriers like Emirates, Qatar Airways and Singapore Airlines.

HCLTech misses Q4 estimates

IT firm's revenue guidance at 3-5%, higher than Infosys' 1-3 %

CRED to launch payment checkout terminals this year

Fintech major CRED is set to roll out checkout terminals to large lifestyle merchants such as supermarkets, quick-service restaurants, salons, fashion and other retailers after the company completed trials for these devices.

Consumer firms shedding 'health' tag for powder food drinks

After a government advisory, several consumer goods companies have dropped the \"health\" label from their products.

Deregister Go First aircraft in five days, Delhi HC tells DGCA

The Delhi High Court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors.

SC no to paper audit of all votes

The Supreme Court on Friday dismissed pleas for the 100 per cent verification of voter verifiable paper audit trail (VVPAT) slips with the electronic voting machine count, holding that suspicions regarding tampering of EVMS were \"unfounded\".

Vi's FPO: A₹287 cr bonanza for i-bankers

The Vi deal has proved to be the second-most lucrative in terms of fees paid to investment banks

At $13 bn, Blinkit pips Zomato core biz value

The implied value of Zomato-owned quick commerce firm Blinkit is now larger than that of its core food delivery business, according to analysts at Goldman Sachs.

Demand for SUVs drives Maruti earnings up 47%

The consolidated net profits of Maruti Suzuki India (MSIL) increased by 47.1 per cent year-on-year (Y-o-Y) to ₹3,952.3 crore in the fourth quarter of 2023-24 due to a jump in production, no constraints in supply chains, cost savings, and rising demand for sport utility vehicles (SUVs).

Universal bank tag for SFBs: RBI opens window

AU SFB, a few others seen as contenders for conversion

Over 282 Mn Faced Acute Hunger In 2023: UN

Gaza had the largest number of people facing famine