Mumbai, Aug 2 — IT major Persistent Systems Limited on Sunday reported an 8.7 per cent quarter-on-quarter (QoQ) decline in its consolidated net profit for the first quarter of the financial year 2027 (Q1 FY27).According to the company's exchange filing, consolidated net profit stood at Rs 483 crore…
New Delhi, July 2 — The deployment of AI in China is progressing at a much faster pace, triggering concerns of more job losses in an uncertain labour market, a media report said.Taxi drivers in Wuhan were rendered jobless as driverless cabs were rolled out in the city. There was some relief, and…
New Delhi, Aug 2 — Union Commerce and Industry Minister Piyush Goyal on Sunday said that West Bengal is set to benefit significantly from the nine landmark Free Trade Agreements (FTAs) concluded under the leadership of Prime Minister Narendra Modi, with enhanced market access expected to boost the…
New Delhi, Aug 2 — India's installed solar power capacity has surged by a massive 50-fold from a mere 3 GW in 2014 to scale the 162.15 GW mark till June 30, 2026, marking the dawn of a new era in renewable energy, according to a factsheet issued by the government on Sunday.The country added 37 GW…
Mumbai, Aug 2 — The Reserve Bank of India (RBI) has revised the regulatory framework governing deposit interest rates, introducing measures aimed at enhancing transparency and ensuring uniform treatment of depositors across banks. The new rules, notified on Friday, will come into effect from…
New Delhi, Aug 2 — India's coal production rose 7.51 per cent year-on-year (YoY) in July 2026 to 69.75 million tonnes (MT) (provisional), driven by higher output from state-run miner Coal India Ltd. (CIL) and steady growth across the sector, according to the Ministry of Coal on Sunday.The country's…
New Delhi, Aug 2 — With the improving macro conditions, the preliminary estimate indicates that Q1 FY27 GDP for India may clock 7.0 per cent growth, according to a new report.In the last three policies, the Reserve Bank of India (RBI) downgraded Q1 FY27 GDP growth projection from 6.9 per cent to…
New Delhi, Aug 2 — Cotton is the cornerstone of India's rural economy, self-reliance and agricultural prosperity, and the government is committed towards the welfare of cotton farmers, according to Textiles Minister Giriraj Singh.According to him, the Cotton Corporation of India (CCI) undertook one…
Mumbai, Aug 2 — The trend in monthly foreign institutional investor (FII) net flows highlights gradual improvement, with net outflows declining from Rs 122,540 crore in March to Rs 70,140 crore in April, Rs 55,960 crore in May, Rs 49,030 crore in June and just Rs 5,780 crore in July, according to…
New Delhi, Aug 2 — Buoyed by tax relief and GST 2.0-related benefits, the passenger vehicle market in India registered robust July sales at nearly 4.7 lakh units.The industry saw around 3.5 lakh vehicles being sold in the same month last year, according to the industry.Maruti Suzuki India reported…
Seoul, Aug 2 — Hyundai Motor and Kia sold more than 100,000 electric vehicles (EVs) in Europe in the first half of the year as the South Korean automakers stepped up efforts to strengthen their presence in the region, the companies said on Sunday.A total of 131,032 EVs were sold in Europe during…
Seoul, Aug 2 — Prices of seven out of 10 stocks listed on South Korea's main and secondary stock markets fell last month as the country's bourses posted their steepest monthly declines since the 2008 global financial crisis, market data showed on Sunday.A total of 1,859 stocks had closed lower as…
New Delhi, Aug 2 — Institutional partnerships with premier institutions such as IITs and NIFTs can develop technological solutions that reduce manual effort, integrate scientific precision into traditional weaving processes and enhance the livelihoods of weavers, according to an official statement…
New Delhi, Aug 1 — Vodafone Idea (Vi) has received a notice from the Department of Telecommunications (DoT) seeking payment of Rs 26.83 crore as liquidated damages over the alleged non-compliance with minimum rollout obligations linked to spectrum acquired in the 2022 auction, the telecom company…
New Delhi, Aug 1 — The Centre's newly approved 'Samudra Manthan' scheme will unlock India's vast offshore energy potential, accelerate domestic oil and gas exploration and strengthen the country's long-term energy security, Adani Enterprises Director Pranav Adani said on Saturday.The initiative…
Guwahati, Aug 1 — Gautam Adani, Chairman of the Adani Group, has contributed Rs 11 crore to the Assam Chief Minister's Relief Fund to aid relief and rehabilitation in flood-affected parts of the state.Acknowledging the contribution on X, Assam Chief Minister Dr Himanta Biswa Sarma said the support…
New Delhi, Aug 1 — The Central Bureau of Investigation (CBI) on Saturday said it has registered an FIR against Reliance Capital Limited in Mumbai, its former Chairman Anil Ambani, unknown public servants and other unknown persons, for allegedly causing a wrongful loss of Rs 1,007.55 crore along…
New Delhi, Aug 1 — The National Highways Authority of India (NHAI) has made travel on the Delhi-Jaipur section of National Highway-48 completely barrier-free with the rollout of the Multi-Lane Free Flow (MLFF) tolling system at the Shahjahanpur Toll Plaza in Rajasthan, it was announced on…
New Delhi, Aug 1 — Andhra Pradesh's first semiconductor manufacturing facility -- inaugurated by Prime Minister Narendra Modi in Visakhapatnam under the India Semiconductor Mission -- is expected to strengthen the state's chip ecosystem, create high-skilled jobs and accelerate the growth of…
New Delhi, Aug 1 — The iron ore surge in India is the single most relevant figure for South African producers, according to a new report, as India expands its steelmaking capacity to meet domestic infrastructure and construction demand.South Africa is India’s major, and in some segments the…
New Delhi, Aug 1 — Maruti Suzuki India on Saturday reported its highest-ever monthly domestic sales with dispatches crossing the 2 lakh mark for the first time in July.The country's largest carmaker sold a total of 2,41,421 units during the month, up from 1,80,526 units in July last year.Meanwhile,…