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  Amazon layoffs continue as company fires 500 employees across verticals in India

  May 16, 2023 12:26 IST

  Amazon Layoffs: While announcing 9,000 job cuts, CEO Andy Jassy stated that the decision was based on ongoing priority analysis and economic uncertainty in an online note to employees.

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  Markets pare opening gains, quote lower in volatile trade; Sensex declines over 146 points

  May 16, 2023 11:18 IST

  Among the Sensex firms, HDFC, HDFC Bank, Maruti, IndusInd Bank, Larsen & Toubro, Mahindra & Mahindra, Bharti Airtel and ITC were the biggest laggards. Bajaj Finance, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services were among the major gainers.

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  PVR INOX to shut nearly 50 loss-making cinema screens in next 6 months: Reports

  May 15, 2023 21:26 IST

  PVR INOX Ltd on Monday reported a consolidated net loss of Rs 333.99 crore for the fourth quarter that ended on March 31, 2023.

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  Ahead of India-EU trade & tech council meeting, Goyal vows building stronger trade ties with Ontario

  May 15, 2023 20:19 IST

  During the conference, Goyal expressed India's unwavering commitment to quality and expressed optimism about increasing the presence of Ontario’s companies in India, contributing to the growth and prosperity of both economies.

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  THIS SME IPO has doubled investors money on listing

  May 15, 2023 15:28 IST

  The stock closed at Rs 155.61 apiece on the listing day. The company commanded a market cap of Rs 159.09 crore as on the listing day.

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  CRED-owned Happay lays off 35% of its workforce

  May 15, 2023 13:26 IST

  According to leading startup news portal Inc42, at least 160 employees from departments like sales, marketing, tech, product, and operations, have been asked to go by the platform.

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  WPI inflation eases to 34-month low of (-) 0.92 pc in April

  May 15, 2023 12:59 IST

  Inflation in food articles too eased to 3.54 per cent in April, against 5.48 per cent in March.

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  Multibagger penny stock posts astounding rise in earnings driven by higher sales, debt reduction

  May 15, 2023 11:41 IST

  As per the exchange, the company's net profit in FY23 skyrocketed 584 per cent to Rs 9.52 crore. In FY22, the same stood at Rs 1.39 crore.

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  Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing

  May 14, 2023 17:27 IST

  Alliance Air: The is set to make an equity infusion of Rs 300 crore in regional carrier Alliance Air, which is facing financial headwinds.

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  FPI bought equity worth Rs 18,617 crore in May

  May 14, 2023 16:47 IST

  Business news: FPIs have been continuous buyers during the last 12 trading sessions. In May, through 12th, they bought equity for Rs 18,617 crore. Financials continue to be the favourite sector of FPIs. They were buyers in capital goods and autos too.

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  Govt to roll out lost mobile blocking, tracking system pan-India

  May 14, 2023 13:40 IST

  Recently, Karnataka Police recovered and handed over more than 2,500 lost mobile phones to their owners using the CEIR system. Apple already has a system to track lost mobile phones with the help of Apple ID but major issues have been around Android mobile phones.

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  India-EU Trade, Technology Council first meeting in Brussels on May 16

  May 14, 2023 13:19 IST

  Commerce and Industry Minister Piyush Goyal is one of the co-chairs along with External Affairs Minister (EAM) S Jaishankar and Union Minister of State for Electronics and Information Technology (MeitY) Rajeev Chandrasekhar.

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  Linda Yaccarino to be new CEO of Twitter, tweets Elon Musk

  May 12, 2023 22:42 IST

  Yaccarino has worked at NBCUniversal for nearly 12 years — with her team generating more than USD 100 billion in ad sales since 2011.

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  Inflation cooling very satisfying; GDP will grow at 6.5 per cent in FY24: RBI Governor

  May 12, 2023 20:33 IST

  RBI governor Shaktikanta Das on Friday stressed the "very satisfying" inflation cooling and asserted that GDP will grow at 6.5 per cent in FY24 optimistically.

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  Retail inflation slips to 4.7% in April from 5.66% in March, lowest since Oct 2021

  May 12, 2023 19:11 IST

  The retail inflation in the country has slipped to 4.7 per cent in April from 5.66 per cent in March, a government data informed on Friday.

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  Multibagger stock: This footwear company's shares made shareholders wealthier by astounding 170%

  May 12, 2023 11:15 IST

  Going by data, the stock in a two-year period has skyrocketed 271 per cent. In a three-year period, it has rallies a massive 492 per cent.

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  Stock market today: Asian shares mostly lower on looming worry over US banks, China growth

  May 12, 2023 11:13 IST

  Japan's benchmark Nikkei 225 gained 0.9 per cent in morning trading to 29,393.24 as companies like Nissan Motor Co. gained after reporting relatively favourable earnings.

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  Govt exempts duty on import of crude soyabean oil, sunflower seed oil under tariff rate quota

  May 11, 2023 14:01 IST

  The duty exemption is applicable only for importers holding TRQ (Tariff Rate Quota) licence for 2022-23 fiscal.

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  UP RERA takes stern action aginst defaulter developers, to auction properties on May 29

  May 11, 2023 12:54 IST

  In the first phase, 38 flats and shops are likely to be auctioned on May 29.

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  Markets trade marginally lower in choppy trade; BSE Sensex declined 19.93 points

  May 11, 2023 11:21 IST

  The 30-share BSE Sensex declined 19.93 points to 61,920.27 points in early trade after hitting the crucial 62,000 mark in opening deals. The NSE Nifty fell 15.05 points to 18,300.05 points.

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  Bulk Deal: LTS Investment Fund picks more stake in pharma major Evexia Lifecare

  May 10, 2023 16:14 IST

  This comes close on the heels of the fund picking 55 lakh shares of the company earlier this month at an average price of Rs 2.45.

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  Push to green energy mobility: Indigenous EV maker on expansion spree, sets up new R&D centre

  May 10, 2023 13:43 IST

  The company in an exchange filing said that it aims to increase the production of batteries by at two-and-a-half times in the coming fortnights through its subsidiary PowerMetz Energy in which it has 80 per cent ownership.

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  Go First gets insolvency cover, tribunal orders suspended directors to deposit funds

  May 10, 2023 13:36 IST

  “This is a historic ruling as an application of insolvency has been admitted so fast. The order prevents a viable airline from becoming an unviable one. The purpose of IBC has always been a revival," said Go First CEO Kaushik Khona.

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  Telecom Dept deactivates 2.25 lakh mobile numbers in Bihar & Jharkhand

  May 10, 2023 11:56 IST

  The Telecom Service Providers have also blacklisted 517 Point of Sales (PoS) who have been prima facie found to be involved in unethical and illegal practices while issuing SIM cards.

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  Balu Forge Industries stock hits 52-week high after stellar Q4 numbers on higher income

  June 21, 2023 21:24 IST

  The company's revenue from operation during the quarter under review stood at Rs 83 crore, the maker of finished and semi-finished forged crankshafts and forged components said in a regulatory filing.

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  Go First crisis: Aircraft lessors approach DGCA to deregister 45 planes | DETAILS

  May 09, 2023 22:07 IST

  Go First crisis: The aircraft lessors have approached DGCA to deregister 45 Go First Airways planes. The DGCA on Tuesday informed that the airlines have a total strength of 55 planes.

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  Intel joins Amazon, Google, Meta others in job cuts to reduce costs

  May 09, 2023 13:44 IST

  In a statement to USA Today, Intel said that it is working to accelerate its strategy while navigating a challenging macroeconomic environment.

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  Markets climb in early trade with all-time high on continuous foreign fund inflow

  May 09, 2023 10:48 IST

  Among the Sensex firms, Bajaj Finserv, Tata Motors, Tata Steel, Titan, UltraTech Cement, Larsen & Toubro, Bajaj Finance, Axis Bank and HDFC were the major gainers. State Bank of India, HCL Technologies, ITC and Reliance Industries were the major laggards.