Redmi 12 5G becomes highest-selling smartphone on 1st day of sale on Amazon India

New Delhi (IANS) Global technology brand Xiaomi on Friday announced that the Redmi 12 5G emerged as the highest-selling 5G smartphone on Amazon basis volume in 2023 since its global debut in India last week.

Since going on sale, the Redmi 12…

IIP growth falls to 3.7% in June

New Delhi, (IANS) The index of industrial production (IIP) in India fell to 3.7 per cent in June from the three-month high of 5.2 per cent in May 2023 mainly due to poor rise in manufacturing output, which rose by 3 per cent compared to 5.8 per cent…

LIC posts Rs 9,543.71 crore PAT in Q1, NPA goes downLIC posts Rs 9,543.71 crore PAT in Q1, NPA goes down

Chennai, (IANS) Asian life insurance major Life Insurance Corporation of India (LIC) on Thursday said it closed the first quarter of FY24 with a higher net profit of Rs 9,543.71 crore.

In a regulatory filing, LIC said for the first quarter…

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…