Tata Power logs Rs 1,017 crore profit for Q2

Chennai (IANS) Integrated power player, Tata Power Company Ltd on Wednesday said it closed the second quarter of FY24 with a consolidated net profit of Rs 1,017 crore.

In a regulatory filing, the company said for the quarter ended September…

Lenovo, EPOS join hands to provide audio solutions for business professionals

New Delhi (IANS) Consumer electronics major Lenovo and the audio solutions and technology company EPOS on Tuesday announced a strategic agreement to provide high-quality audio solutions for business professionals.

Through the partnership, EPOS…

Indian businesses lead global optimism in B2B spending surge: American Express survey

New Delhi (IANS) Indian businesses are emerging as global leaders in optimism, with a staggering 72 per cent expecting a surge in B2B spending in 2023, outpacing the global average of 49 per cent, according to a recent survey commissioned by American…

DGCA issues show cause notice to Air India for non-compliance with passenger-centric regulations

New Delhi (IANS) Signalling its unwavering dedication to safeguarding passenger interests, aviation watchdog DGCA has issued a "show cause notice" to Air India for non-compliance of passenger-centric regulations.

"The DGCA has consistently…

Gold prices may go up to Rs 63,000 in medium-term: Motilal Oswal

Mumbai (IANS) Motilal Oswal Financial Services expects gold prices to shoot up to Rs 63,000 per 10 gms in the medium term driven by the safe haven demand that stems for uncertainties due to the Israel-Hamas war and also the fact that central banks…

Drone maker Garuda Aerospace to open retail outlets, have mobile outlets too

Chennai (IANS) Cricketer M.S. Dhoni-backed drone maker Garuda Aerospace will launch its first of the 400 retail outlets here post Diwali and also have drone stores on wheels across the country, said a top company official.

"The first outlet…

India could be world’s 3rd largest economy by 2027 with nominal GDP of $5tn

New Delhi (IANS) India’s importance as a global growth driver will increase with its share of world growth contribution rising from 10 per cent in 2021 to 15 per cent in 2022, and further to 17 per cent in 2023-28, foreign brokerage Morgan Stanley…

Markets holding but no clarity on breakout

New Delhi (IANS) Markets were choppy and volatile in the week gonNew Delhi (IANS) Markets were choppy and volatile in the week gone by. They did recover from the previous week’s lows and staged some sort of a rally, but are yet to get out of the woods…

India's forex reserves rise by $2.6 billion

Mumbai (IANS) India's foreign exchange reserves increased by $2.579 billion to $586.111 billion during the week ended October 27, the RBI said on Friday.

The country's foreign exchange reserves had fallen by $2.36 billion to $583.53…

Byju’s core biz sees Rs 2,253 cr in net income loss in FY22, logs 2.3x revenue growth

New Delhi (IANS) Edtech major Byju's on Saturday said it has finally closed the audited financial accounts for the financial year 2021-22, saying the EBITDA loss of the core business was down from Rs 2,406 crore to Rs 2,253 crore (year-on-year).