TASL to manufacture Boeing 737 fan cowls in Hyderabad

Hyderabad (IANS) Tata Advanced Systems Ltd (TASL) on Friday announced that has been awarded a contract for manufacturing and supply of the fan cowl for Boeing 737, of the legendary single aisle aircraft family, at its state of the art facility in…

RBI raises retail inflation estimate for FY22 to 5.7%

New Delhi (IANS) The Reserve Bank of India (RBI) has raised the retail inflation projection for the ongoing financial year to 5.7 per cent from the previous estimate of 5.1 per cent.

In a virtual address post the monetary policy meet, RBI Governor…

Growth Chasing: RBI retains rates, accommodative stance

Mumbai (IANS) To continue with its growth supporting stance, the Reserve Bank of India retained its key short-term lending rates during the third monetary policy review of FY22.

Besides, the growth-oriented accommodative stance was retained…

Byju's to acquire e-learning platform Vedantu for $600-$700 mn

New Delhi (IANS) Continuing its buying spree in 2021, leading online learning platform Byju's is in advanced talks to acquire live online learning platform Vedantu for around $600-$700 million, reliable sources told IANS on Friday.

This…

Vodafone Idea shares continue freefall after Birla quit as Chairman

Mumbai (IANS) Shares of Vodafone Idea plunged further on Thursday after Kumar Mangalam Birla stepped down as its Non-Executive Chairman.

Its shares have been tumbling for the past three days after Birla offered to hand over his stake in the…

'We are compliant to Indian laws', says Flipkart on ED notice

New Delhi (IANS) As the Enforcement Directorate has served a notice to e-commerce major Flipkart over alleged violation of foreign exchange norms, the company has said that it has been compliant to the Indian laws and will cooperate with the authorities…

IBM working to set up software lab in Kochi

Kochi (IANS) IBM on Wednesday announced that it is working to set up a software lab in Kochi, during a discussion between Kerala Chief Minister Pinarayi Vijayan, Sandip Patel, Managing Director, IBM India, and Gaurav Sharma, Vice-President, IBM India…

Sensex surges 400 points, hits 54,000 for first time

Mumbai (IANS) The key Indian equity indices surged on Wednesday morning with the BSE Sensex crossing the 54,000-mark for the first time ever.

Both Sensex and the Nifty50 traded at record levels. Healthy buying was witnessed in metal, finance…

India's auto component industry's FY21 YoY turnover down 3%

New Delhi (IANS) India's auto component industry's FY21 turnover fell by 3 per cent on a year-on-year basis due to pandemic unleashed disruptions.

Data furnished by the Automotive Component Manufacturers Association of India (ACMA)…

Ola to launch electric scooters on Aug 15

Chennai (IANS) Electric scooter maker Ola Electric Mobility Pvt Ltd will launch its models on August 15, said Bhavish Aggarwal, Chairman and Group CEO of the company.

"Thanks to all who have reserved our scooter! Planning a launch event for…