BGMI maker Krafton pledges $150 mn investment in India

New Delhi (IANS) BGMI game maker Krafton on Thursday pledged $150 million investment in India over the next two to three years.

The company said it will invest in the gaming and startup ecosystem in the country, focusing on content-based platforms…

RBI retains repo rate at 6.5%, inflation projected at 5.4%

Chennai (IANS) Not disappointing the expectations, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.

The MPC also decided to make the scheduled banks maintain an incremental…

Top tech firms seek Nov 1 laptop import restriction deadline extended by a year

New Delhi (IANS) Top consumer electronics companies like HP, Apple and Dell have urged the government to extend the November 1 deadline for the licences required for PCs, laptops and tablets by at least and year, as it will take time to configure…

Rural consumption at six quarter low led by declines in tractor sales, farm exports

New Delhi (IANS) Rural consumption grew at six-quarter lowest of 2.8 per cent in 1QFY24 led by sharper declines in tractor sales and farm exports.

An analysis of 10 proxy indicators suggests that rural spending growth weakened to a six-quarter…

SoftBank reports unexpected loss of $3.3 bn in Q1

New Delhi (IANS) Japanese investment giant SoftBank on Tuesday reported an unexpected loss of 477,616 billion yen ($3.3 billion) in the first quarter (Q1) covering April-June, despite an investment gain from its massive tech-focused Vision Fund.

Nifty closed higher for 5th straight month in July

New Delhi (IANS) The Nifty closed higher for the fifth straight month in July'23

The index oscillated 757 points before closing at 565 points (or 2.9 per cent) higher month on month at 19,754. The Nifty is up 9.1 per cent in the calendar…

India Cements logs Q1 loss of Rs 75 crore, to modernise and monetise assets

Chennai (IANS) Closing the first quarter of FY24 with a net loss of Rs 75.27 crore, cement major India Cements Ltd looks at monetisation of non-core assets, cutting down variable production costs and refurbishing its old plants, a top company official…

Investments in country rose by 65?tween 2014-15 and 2022-23

New Delhi (IANS) Investments in the country have risen by 65 per cent between 2014-15 and 2022-23, from Rs 32,78,096 crore to Rs 54, 34,691 crore.

The government and private sector together invest in the economy, which is indicated by Gross…

Centre defers import curbs on laptops, PCs till Nov 1

New Delhi (IANS) The Central government has deferred its decision to restrict the import of certain category of laptops and computers until November 1, allowing companies three-months time to import these devices.

In a notification, issued…

With a hawkish undertone, RBI-MPC may continue to retain the repo rate: Experts

Chennai (IANS) With food inflation being their major food for thought this time around, the members of Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may not tinker with the repo rate at their upcoming meeting but the pause would be…