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SPPL launches e-commerce platform, aims to do yearly business of Rs 100 cr

Apr 9, 2024

New Delhi, April 9 (IANS) Homegrown consumer electronics player Super Plastronics Pvt Ltd (SPPL) on Tuesday launched its own e-commerce platform with an aim to do a yearly business of Rs 100 crore. The company said that it targets to sell over one lakh products annually through the Android and iOS-friendly website, comprising a range of products…

MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn

Apr 9, 2024

New Delhi, April 9 (IANS) MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion.JM Financial Institutional Securities said the price…

Business

Sectors like capital goods, auto lead Sensex to new high

Apr 9, 2024

New Delhi, April 9 (IANS) An important feature of the recent rally in India is that it is led by fundamentally strong sectors like capital goods, automobiles, banking and metals, says V K Vijayakumar, Chief Investment Strategist, Geojit…

Business

X employees facing arrest in Brazil: Elon Musk

Apr 9, 2024

New Delhi, April 9 (IANS) Tesla and SpaceX CEO Elon Musk on Tuesday alleged that employees of his X social media platform in Brazil are facing arrest amid his ongoing stand-off with the judiciary over blocking some X accounts. The tech…

Business

Mobile messenger KakaoTalk’s users fall below 45 million for 1st time: Report

Apr 9, 2024

Seoul, April 9 (IANS) KakaoTalk, South Korea's leading mobile messenger, saw its number of users fall below 45 million for the first time in 22 months last month, data showed on Tuesday.The application had 44.97 million monthly active users…

Business

Big companies increased R&D investment in S. Korea in 2023

Apr 9, 2024

Seoul, April 9 (IANS) Big companies in South Korea increased their investments in research and development (R&D) activities last year despite decreased earnings, a corporate data tracker said on Tuesday.Their combined R&D…

Business

CBDT refutes reports on special drive to reopen tax cases on HRA claims

Apr 9, 2024

New Delhi, April 8 (IANS) The Central Board of Direct Taxes (CBDT) clarified on Monday that the Income Tax Department is not carrying out any special drive to re-open cases on issues pertaining to HRA claims as has been reported in some…

Business

Balance sheets of top 1,000 listed companies show deleveraging trend

Apr 9, 2024

New Delhi, April 8 (IANS) Balance sheets of Indian corporates are demonstrating deleveraging initiatives, CareEdge Ratings said.The gearing trend of the top 1,000 listed companies as per market capitalisation showed that the average gearing…

Business

Govt bonds worth Rs 30,000 crore to come up for auction on April 12

Apr 8, 2024

New Delhi, April 8 (IANS) The Finance Ministry on Monday announced the sale of government bonds worth Rs 30,000 crore in three different categories that will be put up for auction by the RBI’s Mumbai Office on April 12 (Friday). The bonds…

Business

REC loans for green projects record 6-fold jump to Rs 1.37 lakh crore

Apr 8, 2024

New Delhi, April 8 (IANS) Government-owned power finance giant REC has recorded an over 6-fold jump to Rs 1,36,516 crore in loans sanctioned for renewable energy projects during 2023-24 compared to the corresponding figure of Rs 21,371…

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