Core sector industries clock 8.1% growth in September

New Delhi (IANS) The combined Index of Eight Core Industries, including cement, coal, steel, and electricity, increased by 8.1 per cent in September 2023 as compared to September 2022, according to official figures released by the Commerce and Industry…

Colgate Palmolive gets transfer pricing order with income tax liability of Rs 170 crore

New Delhi (IANS) Colgate Palmolive India has received a Transfer Pricing Order from the Income Tax Authority for the Assessment Year 2021-22 with income-tax liability of Rs 170 crore.

The order disallowed certain international transactions…

Nazara Tech announces game publishing division for homegrown developers

New Delhi (IANS) Online gaming major Nazara Technologies on Monday announced its new game publishing division that will launch high-quality games for the Indian and global markets.

The company will invest a minimum of Rs 1 crore per game and…

Lenskart acquires AI-based computer vision startup Tango Eye

New Delhi (IANS) Lenskart on Monday announced the acquisition of Tango Eye, an AI-based computer vision startup.

With this acquisition, Lenskart plans to use visual artificial intelligence technology in improving store experience as well as…

Nifty ends higher for second consecutive day

Mumbai (IANS) Nifty ended higher for the second consecutive session on Monday.

At close, Nifty was up 0.49 per cent or 93.7 points at 19140.9. Volumes on the NSE were the lowest since October 9, said Deepak Jasani, Head of Retail Research,…

Market sentiment remains cautious amid West Asia crisis

New Delhi (IANS) In the short-term, market sentiment remains cautious with investors closely monitoring developments in West Asia, upcoming corporate earnings, and key economic data, including domestic PMI figures to be announced, says Vinod Nair,…

Short term support, but stability still some time away

New Delhi (IANS) Markets have a mind of their own and they do give advance indication and warning if they plan to do the unexpected. Last week we saw markets take a severe beating and but for the recovery on Friday, the first day of November futures…

India holds trade talks with Japan, UK on sidelines of G-7 meet in Osaka

New Delhi (IANS) Commerce and Industry Minister Piyush Goyal on Saturday held bilateral talks on trade and investment in separate meetings with Japan Trade Minister Nishimura Yasutoshi and the UK Secretary of State for Business and Trade Kemi Badenoch…

Reliance Jio launches India’s 1st satellite-based Internet to connect inaccessible areas

New Delhi (IANS) Reliance Jio on Friday successfully demonstrated India’s first satellite-based giga-fibre service to provide high-speed, affordable Internet services in inaccessible areas across the country.

Called JioSpaceFiber, it was showcased…

After six days of losses, market appears to be oversold, say analysts

New Delhi (IANS) After six continuous days of losses triggered by the elevated bond yields in the US and tensions in West Asia, the market appears to be oversold, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.