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NEWS | Page No. 1

TCS profit rises 2% to ₹11,058 cr in Q3; revenues grows 4%

IT giant Tata Consultancy Services’ third quarter net profit rose a tad by 2 per cent to ₹11,058 crore compared with ₹10,846 crore in the corresponding previous...

NEWS | Page No. 1

Infosys posts 7% YoY profit decline at ₹6,106 cr; tightens revenue guidance

IT major Infosys recorded sequential revenue and profit decline in the third quarter. The company tightened the revenue guidance, as it remains bogged down by s...

NEWS | Page No. 2

Complaints against PSBs down 10% in FY23

Annual complaints to the RBI ombudsman have been gradually decreasing after hitting a peak of 2.36 lakh complaints in FY21, when the country was in the throes o...

NEWS | Page No. 2

Turnaround still elusive for TCS and Infosys

How do you know top-tier IT Services companies’ managements are still not sure of when a recovery is likely for the sector? There are many ways to affirm, and o...

NEWS | Page No. 2

USIDFC, NIIF to set up $1-b fund to finance green projects

GOING GREEN. Announcement made during the opening of First Solar’s TN plant

NEWS | Page No. 2

Wipro may see de-growth in Q3, fall in margins

Wipro is set to announce its Q3 FY24 financial results today amidst macro-economic headwinds. The IT major has been lagging its peers for the last couple of qua...

NEWS | Page No. 2

BMW Group India expects to retain leadership position in EVs in 2024

BMW Group India on Thursday said it is leading in the luxury electric vehicle (EV) segment with more than 50 per cent market share and would expect to retain si...

NEWS | Page No. 2

Tamil Nadu thinks of overall growth of the country, not just the State: TRB Rajaa

Tamil Nadu does not think only of its own growth, but the growth of the whole country, the State’s Industries Minister, TRB Raaja, said on Thursday. Speaking at...

NEWS | Page No. 2

IJF to invest ₹400 crore in Mahindra Last Mile Mobility

India-Japan Fund (IJF), managed by National Investment and Infrastructure Fund Ltd (“NIIF”), will invest ₹400 crore in Mahindra Last Mile Mobility Ltd (MLMML). ...

NEWS | Page No. 2

M&M launches electric XUV400 Pro Range; prices start at ₹15.49 lakh

Mahindra & Mahindra launched its electric XUV400 Pro Range at an introductory price of ₹15.49 lakh. The Pro Range includes three new variants — EC Pro (34.5kWh ...

NEWS | Page No. 2

Quickly.

Babita Baruoh to be CEO of VML India Mumbai: VML has announced that Babita Baruah will join as Chief Executive Officer of India from March 1. Barua joins VML wi...

NEWS | Page No. 4

‘Gift City helps India connect western world with global South’

Bridging the gap. The model city is a fusion of technology and finance, says Sitharaman

NEWS | Page No. 4

Private sector calls for massive capex boost in interim Budget

India’s industries are counting on thegovernment to target larger capex outlay of atleast ₹12-lakh crore in the upcoming interim Budget (2024-25) to support hig...

NEWS | Page No. 4

Polycab stock plunges 20% as I-T findings send shock waves; company denies getting notice

Polycab India has said that the Income Tax department searched its premises last month, however, it has refuted reports of tax evasion. The company has issued t...

NEWS | Page No. 4

Interim Budget may set fiscal deficit target at 5.3-5.4%

The interim Budget is likely to peg the fiscal deficit for FY24-25 at 5.3-5.4 per cent of GDP (Gross Domestic Product), sources in the government have said. Thi...

NEWS | Page No. 4

Vibrant Gujarat: Transworld, Wipro, Accenture among new Gift City investors

Wipro, Accenture and UAE-based Transworld Groupare among the 10-odd new investors who have proposed to set up base at Gift City. As per the investment proposals...

NEWS | Page No. 4

South Korean Simmtech to set up ₹1,250 crore unit for semiconductor ecosystem

South Korean firm Simmtech will be setting up a unit to support semiconductor ecosystem at Sanand near Ahmedabad at a cost of ₹1,250 crore said, Union minister ...

NEWS | Page No. 4

Tata Power signs ₹70,000 crore MoU at Vibrant Gujarat summit

Tata Power Renewable Energy Ltd has signed a ₹70,000 crore Memorandum of Understanding (MoU) with the Gujarat government on Thursday for setting up 10,000 MW of...

NEWS | Page No. 4

Cairn Oil & Gas submits field development plan for gas production from Jaya block

Cairn Oil & Gas on Thursday said that it has submitted the Field Development Plan (FDP) to start gas production from the open acreage licensing program (OALP) b...

NEWS | Page No. 5

‘India needs to build a huge stock of rental houses’

Niranjan Hiranandani, Founder and MD of Hiranandani Constructions, which builds residential and industrial townships and commercial office spaces, is calling fo...

NEWS | Page No. 5

‘IBC needs course correction, distinct weightages for creditors’

Way forward. RBI Governor says any amendments to the Code and its evolution thereof may continue to lay emphasis on a financial creditor-led resolution framework

NEWS | Page No. 5

Govt initiates process to sell ‘enemy shares’ in 84 entities

The government has decided to sell ‘enemy’ shares of 84 companies that are being held by the Custodian of Enemy Property of India (CEPI). According to a notice ...

NEWS | Page No. 5

‘Banking system is well-placed to support India’s growth story’

The Indian banking system is well-placed to support India’s growth story in the years ahead, RBI Governor Shaktikanta Das said. The governor noted that RBI took...

NEWS | Page No. 5

Model-basedlending could lead to a potential crisis, says Das

Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned banks and non-banking finance companies(NBFCs) on Thursday about the pitfalls of assessing custom...

NEWS | Page No. 9

Google goes for mass layoffs in engg, hardware and voice assistant teams

Alphabet Inc’s Google is laying off hundreds of staff working on its digital assistant, hardware and engineering teams as it sustains a drive to cut costs. The ...

NEWS | Page No. 9

Red Sea crisis: Key ministries to strategise on mitigating trade impact

Taking stock. Senior officials will discuss possible solutions to increasing shipping, insurance costs

NEWS | Page No. 9

At ₹14.70-lakh cr, direct tax mop-up hits 81% of FY24 BE on rising corporate profits, salaries

Riding on rising corporate profitability and higher salaries, net direct tax collection in April 1-January 10 hit nearly 81 per cent of the Budget Estimate for ...

NEWS | Page No. 9

Nexus Select Trust to buy 3 malls in Hyderabad from L&T for $300-350 m

Nexus Select Trust, the retail-focussed real estate investment trust sponsored by global private equity giant Blackstone, has signed a preliminary agreement to ...

NEWS | Page No. 9

Google’s $2.7 b EU antitrust fine should be upheld, says court adviser

Alphabet unit Google’s 2.42-billion-euro ($2.7 billion) EU antitrust fine should be upheld by Europe’s top court, an adviser to the court said on Thursday, deal...

NEWS | Page No. 9

Global trade drops 1.3% on Red Sea attacks

Global trade declined by 1.3 per cent from November to December 2023 as militant attacks on merchant vessels in the Red Sea led to a plunge in the volumes of ca...

NEWS | Page No. 10

Reservoirs’ storage drops for 14th week in a row, down below 40% in South

rising concerns. Storage in 34 of 150 reservoirs slips below 40%; South may face problems with rabi rice, pulses

NEWS | Page No. 10

Wheat price in FCI auction up as new crop harvest nears

Wheat prices in the auction held by the Food Corporation of India (FCI) surged ₹61/quintal in the past month as the harvesting of new crop is set to begin in an...

NEWS | Page No. 10

Chilli prices dip despite Telangana farmers’ claims of crop loss

Chilli prices have declined by 16-25 per cent over the past two months in view of arrivals picking up and sluggish demand, leaving farmers, especially in Telang...

NEWS | Page No. 10

Aquaconnect, StartupTN to promote blue economy in TN

Aquaconnect, Chennai-based aquaculture technology platform, has signed a Memorandum of Understanding (MoU) with StartupTN to promote blue economy initiatives in...

NEWS | Page No. 10

CAI pegs domestic cotton offtake flat at 311 lakh bales this season

Cotton Association of India (CAI), the apex trade body for the sector, estimates the domestic consumption of the fibre crop for the 2023-24 season (October 2023...

NEWS | Page No. 10

BioPrime aims to cultivate sustainable farm leaders with ‘King Farmers Cohort’ programme

BioPrime AgriSolutions, a leading biotechnology company specialising in developing cutting-edge agri-biologicals, has launched “King Farmers Cohort” programmeto...

NEWS | Page No. 10

3-day global fisheries meet to begin at Kufos today

The Kerala University of Fisheries and Ocean Studies (Kufos) is set to host a national-level fishermen and fish farmers meet, as part of the larger Internationa...

NEWS | Page No. 10

Hold on to longs in lead

Lead futures (January contract) on the Multi Commodity Exchange (MCX) has been charting a horizontal trend for the past three weeks. It has been fluctuating wit...

NEWS | Page No. 10

Buyofuel launches ‘BuyoTrace’ for authentic biofuels

Buyofuel, a player in the biofuel industry, has launched ‘BuyoTrace’, a feature integrated into its online green fuel marketplace. A media statement said ‘BuyoT...

NEWS | Page No. 12

Four former bureaucrats in the race for post of TRAI Chairman

screening time. The post remained vacant for six months after the surprise retirement of PD Vaghela

NEWS | Page No. 12

Israeli logistics start-up plans to connect Dubai and Haifa ports through land to bypass Red Sea

While shippers face delays in sending cargo to Europe and vice-versa due to the Red Sea crisis, Israeli logistics start-up Trucknet has a solution — move cargo ...

NEWS | Page No. 12

Maldives, China agree to elevate strategic ties

Noting that the strategic significance of China-Maldives relations has become more prominent, the two countries committed to greater strategic cooperation this ...

NEWS | Page No. 12

HUL distributors plan non-cooperation movement

Concerned over the revised distributor margins, the Maharashtra Consumer Products Distributors Federation (MSCPDF) has decided to start a non-cooperation moveme...

NEWS | Page No. 12

InMobi to lay off 125 employees as it adopts AI-first approach

Advertising technology firm InMobi Group will let go of nearly 5 per cent of its total workforce, or 125 employees, as the company looks to overhaul its operati...

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