Withdrawal of Rs 2,000 notes a blessing in disguise for banks

Chennai (IANS) The Reserve Bank of Indias (RBI) decision to gradually withdraw the Rs 2,000 denomination banknotes will not pose a problem as regards the ATMs, as they are not spewing out those notes for a long time, said a senior official of Financial…

Spike in counterfeit notes, people's choice may have contributed to withdrawal of Rs 2,000 banknotes

Chennai (IANS) Factors like increase in counterfeiting of Rs 2,000 denomination banknotes, people preferring lower denomination notes may also be the reasons for the Reserve Bank of India (RBI) announcing the gradual withdrawal of that note.

According…

Delhivery makes key investment in omnichannel retail software provider Vinculum

New Delhi (IANS) Fully-integrated logistics services provider Delhivery on Saturday announced to make a strategic investment in Vinculum, a global software leader enabling omnichannel retailing, for an undisclosed sum to boost its direct-to-consumer…

Google to kill 3rd-party cookies for 1% of Chrome users early next year

New Delhi (IANS) Google has announced it will migrate one per cent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024.

The move will support developers in conducting real world experiments that assess the…

GreenLine partners with Nestle India for sustainable logistics using LNG-powered fleet

New Delhi (IANS) GreenLine, India's first and only LNG-fuelled heavy trucking logistics company, on Friday announced the deployment of its LNG-powered containers at Nestle's Sanand facility.

The partnership is in line with Nestle India's…

No evident pattern of manipulative contribution to price rise: SC panel on Adani-Hindenburg row

New Delhi (IANS) The Supreme Court-appointed committee headed by retired judge A.M. Sapre probing the Adani-Hindenburg controversy said taking into account explanations provided by Sebi (Securities and Exchange Board of India), supported by empirical…

Wheels India to invest Rs 200 cr to ramp up production

Chennai (IANS) Automobile wheel major Wheels India Ltd has planned a capital expenditure of about Rs 200 crore in FY24, said a top company official.

Speaking to reporters, Managing Director Srivats Ram said the company will be investing about…

ITC reports strong growth momentum across operating segments for quarter, year ended March 2023

New Delhi (IANS) The Board of Directors of ITC will recommend for shareholders' approval, a special dividend of Rs 2.75 per share in addition to the final dividend of Rs 6.75 per share for the financial year ended March 31, 2023.

Together…

Hyundai Motor India inks agreement with Shell India Markets for EV chargers

Chennai (IANS) Car major Hyundai Motor India Ltd on Wednesday said it has inked a Memorandum of Agreement (MoA) with Shell India Markets Private Limited to install 60 kW DC Fast Chargers across 36 of its electric vehicle (EV) Dealerships in India.

Industry lauds PLI 2.0 for IT hardware to boost laptop, tablet manufacturing

New Delhi (IANS) The industry leaders and original equipment manufacturers (OEMs) on Wednesday welcomed the government's revised Production Linked Incentive (PLI) for IT hardware that included laptops, servers and tablets.

The revised PLI…