Will markets rally pre-budget now

Markets opened with a gap at the start of the week on expected lines, but then lost on the next three consecutive days before a strong rear-guard action on Friday, the last day of the week saw markets regaining ground.

With gains on just…

HDFC Bank Q3 net at Rs 12,259 cr

Chennai (IANS) The HDFC Bank closed the third quarter of FY23 with a net profit of about Rs 12,259 crore, the bank said in a regulatory filing.

According to the HDFC Bank, it has posted a net profit of about Rs 12,259 crore for the quarter…

Vodafone plans hundreds of job cuts, biggest in 5 years: Report

New Delhi (IANS) Telecommunication player Vodafone is reportedly planning to slash hundreds of jobs, mostly at its London-based headquarters, to cut costs in the global economic slowdown.

The Financial Times reported that this will be the company's…

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

Chennai (IANS) About 60 per cent of the business leaders surveyed were of the view that Indian gross domestic product (GDP) will grow at 6.5 per cent during 2023-24, said Deloitte Touche Tohmatsu India LLP (DTTILLP).

In a pre-budget survey…

Layoffs begin at Ola, 200 employees to be impacted

New Delhi (IANS) Ride-hailing major Ola has started to lay off 200 employees from its Ola Cabs, Ola Electric and Ola Financial Services verticals as part of the "restructuring" exercise.

The layoffs, which were first announced in September…

Retail inflation falls to 1-year low of 5.72% in Dec, factory output rises to 7% in Nov

New Delhi (IANS) Retail inflation for December 2022 fell to a year's low of 5.72 per cent, mainly due to low food prices, especially those of fruits and vegetables. This is the second consecutive month when it has remained within the RBI's…

Your mobile calls may turn pricey in 2023

Chennai (IANS) Mobile phone users are likely to shell out more for their calls with the service providers likely to increase their rates for 4G services, said BNP Paribas Securities in a sectoral report.

According to the report, the telecom…

Audi delivers around 1,18,000 electric models in 2022

New Delhi (IANS) German automaker Audi has said that it delivered around 1,18,000 fully electric vehicles to customers in 2022, an increase of 44 per cent (year-over-year), despite the challenging environment.

The company also said that 1.61…

Direct tax collections rise 24% year-on-year to Rs 14.71 lakh crore

New Delhi (IANS) Direct tax collections stood at Rs 14.71 lakh crore till January 10, 24.58 per cent higher than the corresponding period of last year.

Direct tax collection, net of refunds, stood at Rs 12.31 lakh crore which is 19.55 per cent…

MG Motor announces Next-Gen Hector

Greater Noida (IANS) MG Motor India on Wednesday announced the next generation Hector SUV, available in five, six, and seven-seater configurations along with safety features such as six airbags and a 360-degree HD camera at the Auto Expo 2023.