Tata Electronics to become a key Apple player after Wistron's iPhone plant acquisition

New Delhi (IANS) As Apple doubles down on local manufacturing in India, Taiwan-based iPhone manufacturer Wistron is reportedly winding up its operations in the country and Tata Electronics is set to take over Wistron's Karnataka factory and manufacture…

NCLT reserves order on Go First's insolvency plea, crew stranded at various locations as flights suspended

New Delhi (IANS) The National Company Law Tribunal (NCLT) on Thursday reserved its order on the cash-strapped airline Go First's plea seeking voluntary insolvency resolution proceedings.

A two-member bench headed by President, Justice Ramalingam…

While most global equity markets are rising 5-20% in 2023, India is flat

New Delhi (IANS) The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report.

Notably, the index was extremely volatile and swung around 776 points…

India's coal production rises 15% to 893 mn tonnes in 2022-23

New Delhi (IANS) India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 per cent.

Government aims to enhance production to 1,012 million tonnes in the current…

CBI arrests ex-CMD of WAPCOS, his son in DA case; seizes Rs 38.38 cr

New Delhi (IANS) The Central Bureau of Investigation (CBI) on Wednesday arrested Rajinder Kumar Gupta, the former CMD of WAPCOS, and his son in a Disproportionate Assets case.

During the raid and search operations which got underway on Tuesday…

MRF rolls in a net profit of Rs 768.96cr in FY23

Chennai (IANS) Automobile tyre major MRF Ltd closed FY23 with a total income of Rs 23,261.17 crore, a consolidated net profit of Rs 768.96 crore.

The company said that last fiscal, it had earned total income of Rs 23,261.17 crore (against previous…

Assam's Numaligarh refinery keen to set up retail outlets in Myanmar

Guwahati (IANS) The state-owned Numaligarh Refinery Limited (NRL) in Assam plans to enter neighbouring Myanmar by setting up retail outlets once the situation is conducive in the trouble-torn country.

Chairman and Managing Director of NRL,…

April GST collections: Robust, reasonable: Experts

Chennai (IANS) Experts are voicing mixed views - robust, reasonable - on the Rs 1.87 trillion of goods and services tax (GST) collections made in April 2023 up from about Rs 1.60 trillion for March 2023.

"The GST collections displayed a robust…

Google pays entire Rs 1,338 cr penalty to CCI in Android case

New Delhi (IANS) In probably the first case of a Big Tech giant paying a penalty to the Indian regulators as the government aims to bring a new Digital India Act, Google has paid the entire penalty amount of Rs 1,337.76 crore imposed by the Competition…

eBay appoints Vidmay Naini to lead global emerging markets, including India

New Delhi (IANS) Global e-commerce company eBay on Tuesday appointed Indian-origin Vidmay Naini as its lead for global emerging markets, including India.

Naini has been with eBay for 18 years and during his tenure, he played a central role…