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…

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…

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…

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…

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…

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…

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…

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.

Bank of Baroda logs Rs 14,109 crore net for FY23, dividend Rs 5.50 per share

Chennai (IANS) Indian government-owned Bank of Baroda on Tuesday said it closed FY23 with a net profit of Rs 14,109.62 crore.

In a regulatory filing the bank said for FY23, it had logged a net profit of Rs 14,109.62 crore (FY23 Rs 7,272.28…

Sec'bad-Tirupati Vande Bharat to run faster with more passengers

Hyderabad (IANS) The passenger capacity of the Secunderabad - Tirupati - Secunderabad Vande Bharat Express will more than double to 1,128 and the train will travel faster from Wednesday.

The train which was travelling with eight coaches and…