India’s economy to outperform, G20 growth to moderate: Moody’s

New Delhi (IANS) Moody’s expects global G20 growth to moderate in 2024 to 2.1 per cent from 2.8 per cent in 2023 and accelerate in 2025 to 2.6 per cent, the firm said in its Global Macroeconomic Outlook 2024-25 report.

Economic strength across…

EV maker Lohia Auto to launch high speed scooters, new three-wheeler

Chennai (IANS) Launching high-speed scooters and a new passenger-carrying three-wheelers, expanding dealer network are what electric two- and three-wheeler maker Lohia Auto Industries Ltd is planning, said a top company official.

The increased…

UCO Bank Q2 net down to Rs 401.67 cr

Chennai (IANS) Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding period.

In a regulatory filing, UCO Bank said for the…

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…

Info Edge lost Rs 532 cr from its investment in Rahul Yadav’s 4B Networks: Report

New Delhi (IANS) Tech and Internet company Info Edge lost around Rs 532 crore after writing off its investment in Rahul Bhoopsingh Yadav’s Broker Network (4B Networks Private Limited), according to reports.

While Info Edge’s cash infusion in…

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…

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…

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…

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…

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…