Category: Business

Direct tax collections jump 21% to cross Rs 13.7 lakh crore in current financial year

New Delhi, Dec 18 (SocialNews.XYZ) Net direct tax collections for the financial year 2023-24 have jumped by 20.66 per cent…

2 years ago

Bose invests in Indian wearable brand Noise

New Delhi, Dec 18 (SocialNews.XYZ) Consumer electronics brand Noise on Monday announced it has received strategic investment from Bose, a…

2 years ago

BP pausing all oil shipments through Red Sea after attacks by Houthi rebels

London, Dec 18 (SocialNews.XYZ) Oil giant BP has announced it is pausing all shipments of oil through the Red Sea…

2 years ago

Profit booking seen after a sharp rally over last three sessions

Mumbai, Dec 18 (SocialNews.XYZ) Domestic equities traded lackluster on Monday as profit booking was seen after a sharp rally over…

2 years ago

Global passenger battery EV sales to reach 10 mn units in 2023

New Delhi, Dec 18 (SocialNews.XYZ) The global passenger battery electric vehicle (BEV) unit sales increased by 29 per cent (year-on-year)…

2 years ago

Former Air India pilot’s plea against Tata-Vistara merger rejected by CCI

New Delhi, Dec 18 (SocialNews.XYZ) A plea by a former Air India pilot opposing the merger of Tata-owned Air India…

2 years ago

Markets subdued on oil supply concerns, elevated valuations

Mumbai, Dec 18 (SocialNews.XYZ) The market started on a subdued note on Monday as concerns over oil supply disruptions through…

2 years ago

IBM to acquire 2 data integration platforms from Software AG for $2.3 bn

San Francisco, Dec 18 (SocialNews.XYZ) Tech major IBM on Monday announced to acquire two data integration assets from Germany-based enterprise…

2 years ago

NHAI awards projects worth Rs 9,384cr to successful bidders

New Delhi, Dec 18 (SocialNews.XYZ) NHAI has awarded Toll, Operate and Transfer (TOT) projects of a combined length of 273…

2 years ago

Sugar output rises in UP but falls in Maharashtra, Karnataka

New Delhi, Dec 18 (SocialNews.XYZ) Sugar production in the country declined by 10.7 per cent to 7.4 million metric tonnes…

2 years ago

Ambuja Cements to invest Rs 6,000 crore in renewable energy projects

Mumbai, Dec 18 (SocialNews.XYZ) Ambuja Cements plans to invest Rs 6,000 crore in renewable power projects, the company said on…

2 years ago

MediaTek, Nvidia join hands to power AI-led next-gen vehicles

New Delhi, Dec 18 (SocialNews.XYZ) Chip making giant MediaTek on Monday said that it has partnered with chip maker Nvidia…

2 years ago

Assam tea worth Rs 2,300 crore sold at Guwahato Tea Auction Centre in FY23-24

Guwahati, Dec 18 (SocialNews.XYZ) Assam Tea worth Rs 2,300 crore has been sold at Guwahati Tea Auction Centre (GTAC) in…

2 years ago

RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23

New Delhi, Dec 18 (SocialNews.XYZ) The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39…

2 years ago

Samsung Heavy ordered to compensate $290 mn over defects in LNG carriers

Seoul, Dec 18 (SocialNews.XYZ) Samsung Heavy Industries, a South Korean shipbuilder, said on Monday it has been ordered by an…

2 years ago

Blue Planet receives $35 mn IFU funding to boost key operations in India

New Delhi, Dec 18 (SocialNews.XYZ) Blue Planet Environmental Solutions, a sustainable waste management company with operations in India, South-East Asia…

2 years ago

Limited room for further outperformance of mid & small caps to large cap

New Delhi, Dec 18 (SocialNews.XYZ) The continued rally of the past three months has pushed the mid and small caps…

2 years ago

Increased benefit for lapsing customers to affect returns for persistent life insurance policyholders

New Delhi, Dec 18 (SocialNews.XYZ) The proposed modification in the surrender value (or charges) of non-linked life insurance policies in…

2 years ago

Pharma firms valuations do not factor in threats from acceleration in generics adoption in India

New Delhi, Dec 18 (SocialNews.XYZ) The current implied domestic valuations of pharma companies do not adequately factor in threats from…

2 years ago

Udaan lays off over 100 employees as part of restructuring exercise

New Delhi, Dec 18 (SocialNews.XYZ) Homegrown B2B e-commerce platform Udaan, which raised $340 million last week, laid off more than…

2 years ago



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