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…

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…

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,…

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…

Indian Overseas Bank posts Rs 624.34 cr PAT for Q2

Chennai (IANS) Public sector mortgage lender Indian Overseas Bank (IOB) on Friday said it closed the second quarter of FY24 with a 24.75 per cent growth in net profit.

In a regulatory filing IOB said for the quarter ended September 30, it had…

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.

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…

Zepto’s revenue surges 1,339% in FY23, losses widen 3X to Rs 1,272 crore

New Delhi (IANS) Quick e-commerce grocery delivery platform Zepto has clocked an impressive 1,339 per cent revenue growth (year-on-year) in FY23, while its losses also widened significantly from the previous fiscal year.

In its second year…

Indian Bank Q2 PAT at Rs 1,987.76 crore

Chennai (IANS) Public sector mortgage lender Indian Bank on Thursday said it closed the second quarter of FY24 with a higher net profit aided by a drastic reduction in provisions for non-performing assets (NPA)

In a regulatory filing, Indian…

Piaggio launches 3-wheeler EV in TN, town size does not matter for adoption

Chennai (IANS) The size of a city or town does not make much of a difference for the adoption of electric vehicles (EVs), particularly three wheelers, as small towns, too, log the same numbers as big cities.

Launching an electric three wheeler…