New Delhi (IANS) In a bid to optimise utilisation of accommodation in trains, the Union Railways Ministry on Saturday announced the introduction of a discounted fare scheme in AC sitting trains. “With a view to optimise utilisation of accommodation in … read more
New Delhi (IANS) 5G smartphone shipments in India crossed 10 crore (100 million) in the month of May, creating a record as 5G roll-out continues to happens at a very fast pace in the country. According to data shared by … read more
New Delhi (IANS) Limited available data suggests that India’s growth weakened in June’23, Motilal Oswal Financial Services said in a report. Manufacturing PMI fell to 57.8 in June’23 from 58.7 in May’23, but it still remained in expansionary territory, the … read more
New Delhi (IANS) An analysis of inflows into equity MFs during the previous property upcycle of FY04-14 shows that even as investor appetite for property purchase increased substantially during FY04-08, equity market investments stayed high, foreign brokerage Jefferies said in … read more
Chennai (IANS) Owing to their strong underlying growth and accommodative balance sheets, Indian companies it rates are in good credit shape, credit rating agency S&P Global Ratings said on Tuesday. “Solid earnings momentum over the next two years, by our … read more
New Delhi (IANS) The India Cellular and Electronics Association (ICEA) on Monday said that it is setting up a task-force to ensure that the current electronics trade between India and the US goes up from an estimated $8 billion to … read more
New Delhi (IANS) Markets were on a roll last week and hit new lifetime highs. The rise was helped in no small way by the outbreak of monsoon in the financial capital and Maharashtra where there have been decent rains … read more
Chennai (IANS) The second largest car maker in India Hyundai Motor India Ltd on Saturday said it closed June with a sales of 65,601 units. According to Hyundai Motor, in June, 2023, it sold 65,601 units (domestic 50,001 units, exports … read more
New Delhi (IANS) With an spurt in the smartphone and internet use, the amount of money spent on apps is projected to reach around $800 billion (Rs 64 lakh crore) in India by 2030, a report showed on Friday. The … read more
Chennai (IANS) Fertiliser major Coromandel International Ltd is acquiring a majority stake in a city based drone company Dhaksha Unmanned Systems Private Ltd for a cash consideration of Rs 204.24 crore. Coromandel International, part of the industrial conglomerate Murugappa Group, … read more