ONGC, Oil India to get relief as Centre cuts windfall tax on crude oil

New Delhi (IANS) The Central government has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from Thursday, as part of its fortnightly revision that is calibrated with global prices.

Sensex surges 676 points on expectations of rate cuts

Mumbai (IANS) Indian equity benchmarks surged on Thursday following expectations of rate cuts.

At closing, Sensex was up 676 points or 0.93 per cent, at 73,663 points and Nifty was up 203 points or 0.92 per cent, at 22,403 points.

Among…

WPI to be around 3 per cent in FY 25, say economists

Chennai (IANS) The Wholesale Price Index (WPI) is expected to be in the region of 2-3 per cent over the next two quarters and average at around 3 per cent for FY25, top economists at two credit rating agencies said as the Commerce and Industry Ministry…

India surpasses Australia, Japan, Hong Kong in data centre capacity

New Delhi (IANS) India has surpassed major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea becoming the country with the highest data centre capacity of 950 MW in the Asia-Pacific region (excluding China), according to a private…

India’s goods exports post 1.07 pc growth in April despite global uncertainties

New Delhi (IANS) India’s goods exports rose 1.07 per cent to hit almost $35 billion in April despite the uncertainties in the global market due to the economic slowdown and geopolitical tensions, according to figures released by the Union Commerce…

OpenAI launches new ‘GPT-4o’ AI model for all ChatGPT users

New Delhi (IANS) Sam Altman-run OpenAI on Monday launched 'GPT-4o' -- a new version of its GPT-4 model which can generate any combination of text, audio, and image outputs.

GPT-4o’s text and image capabilities have been rolled out for…

Sensex up by 110 points after a positive opening

Mumbai (IANS) The Indian stock indices are up on Tuesday, following the positive trend in the broader market.

At 9:50 a.m., Sensex was up by 110 points or 0.14 per cent at 72,887 points, and Nifty was up by 30 points or 0.14 per cent at 22,134…

Over 100 million Indians can get gigabit connectivity by 2030 with robust digital infrastructure

New Delhi (IANS) As India continues to build a robust and resilient core digital infrastructure, the country can achieve gigabit connectivity to all households or at least 100-110 million households by 2030, industry experts have said.

While…

MapmyIndia logs 35 pc PAT growth in FY24, new order bookings up 63 pc

New Delhi (IANS) Homegrown geospatial software provider MapmyIndia on Monday reported operating revenue of Rs 379.4 crore in FY24, up 35 per cent (year-on-year).

The deep-tech digital map data platform clocked 47 per cent growth in operating…

Market outlook for next week, key events to watch

New Delhi (IANS) Indian equity indices were in deep red last week, following FII selling and volatility in the market.

Due to this, Sensex and Nifty closed at a three-week low of 72,644 points and 22,055 points respectively.

The Nifty…