Tata Steel to consider scheme for merger of Indian Steel & Wire Products, calls shareholders meeting on Jan 25

New Delhi (IANS) A meeting of the equity shareholders of Tata Steel Limited is scheduled to be held on January 25 to consider and approve the 'Scheme of Amalgamation' amongst Tata Steel Limited and The Indian Steel and Wire Products Limited…

Nifty midcap100 up 44% while Nifty smallcap100 surges 54%

New Delhi (IANS) Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000. Investor’s sentiments got a big boost in November and December which helped both domestic as well as global…

Over 35K lose jobs at Indian startups, job cuts to continue in 2024

New Delhi (IANS) More than 35,000 people have lost jobs at Indian startups in the last two years, and job cuts will likely continue unabated as we enter 2024.

In 2022, more than 18,000 employees were fired by Indian startups from across verticals,…

RBI directs banks to roll out Card-on-File token facility for customers

Mumbai (IANS) The RBI has issued a circular to all banks for introducing the Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get tokens created and linked to their existing…

Shareholders approve Byju’s FY22 audited financials

New Delhi (IANS) Edtech major Byju’s shareholders have approved the company’s audited financials for the fiscal year 2022 at its high-voltage Annual General Meeting (AGM).

The AGM also cleared a resolution on the reappointment of MSKA & ASSOCIATES,…

Gujarat most preferred manufacturing destination, Maharashtra second: Study

Gandhinagar (IANS) As the state gears up for the 10th Vibrant Gujarat Global Summit, Colliers India's comprehensive study on the country's manufacturing sector reveals that the manufacturing market could soar to a $1 trillion valuation by…

Mumbai biz couple invests Rs 1,100 cr in SpiceJet for 19% stake

New Delhi (IANS) In a strategic move to bolster SpiceJet's financial position and spur growth, Mumbai-based businessman Harihara Mahapatra and his wife Preeti have announced a substantial investment of Rs 1,100 crore in the airline. The acquisition…

Sharp up-move in IT stocks implying faster demand inflection than what Accenture commentary indicates

New Delhi (IANS) Accenture’s 1QFY24 growth albeit within its guided band was the slowest since the pandemic and interestingly, incremental deceleration over the past couple of quarters has come from Managed Services, a closer proxy for India IT Services…

Centre rakes in Rs 26,644 cr as dividend from CPSEs

New Delhi (IANS) The central government has realized Rs 26,644 crore as dividend receipts from the Central Public Sector Enterprises (CPSEs) so far (as on December 4) during the current financial year, the Finance Ministry said on Wednesday.

Dividend…

India’s growth rate to stay strong, current account deficit to dip: IMF report

New Delhi (IANS) India’s economic growth rate is expected to remain strong, supported by macroeconomic and financial stability, according to an International Monetary Fund (IMF) assessment report released on Tuesday.

“Going forward, the country’s…