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Paytm clarifies licensing process status amid speculations, says govt champions fintech

Apr 16, 2024

New Delhi, April 16 (IANS) Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”.Recent media reports speculated on the deferral of Paytm Payment…

UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024

Apr 16, 2024

New Delhi, April 16 (IANS) The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per cent threshold commonly associated with a…

Business

Dragged by weak global cues, domestic equities extend their decline

Apr 16, 2024

Mumbai, April 16 (IANS) The Sensex was down 456.10 points, or 0.62 per cent, at 72,943.68 on Tuesday, while the Nifty closed at 22,147.90, down 124.60 points, or 0.56 per cent.The domestic market sustained its consolidation trend for the…

Business

Mahindra launches Bolero Neo+, starting at ₹ 11.39 Lakh

Apr 16, 2024

Mahindra & Mahindra Ltd., India's leading SUV manufacturer, today unveiled the Bolero Neo+ 9-seater, offered in two variants

Business

Tesla layoffs reminder of Twitter sackings, some departments lose 20 per cent staff

Apr 16, 2024

New Delhi, April 16 (IANS) In a stark reminder of Twitter (now X) layoffs in 2022 when Elon Musk sacked about 80 per cent of the staff (nearly 7,500 people) after acquiring the social media platform, several high-performers have been asked…

Business

Zomato introduces ‘large order fleet’ for gatherings of up to 50 people

Apr 16, 2024

New Delhi, April 16 (IANS) Online food delivery platform Zomato on Tuesday introduced a ‘large order fleet’ to serve orders for a gathering of up to 50 people.Zomato Co-founder and CEO Deepinder Goyal made the announcement on the social…

Business

NSE IPO awaits SEBI’s green signal, says CEO

Apr 16, 2024

New Delhi, April 16 (IANS) Ashish Kumar Chauhan, MD and CEO of the National Stock Exchange (NSE), on Tuesday said the exchange’s much-anticipated initial public offering (IPO) is waiting for the green signal from the market regulator, the…

Business

Biofuels firm GPS Renewables raises $50 mn from private, public sector banks

Apr 16, 2024

New Delhi, April 16 (IANS) Full-stack biofuels company GPS Renewables on Tuesday said that it raised $50 million (about Rs 411.5 crore) in debt financing from leading private and public sector banks, as well as prominent NBFCs (Non-Banking…

Business

Microsoft invests $1.5 billion in UAE-based AI company G42

Apr 16, 2024

New Delhi, April 16 (IANS) Microsoft on Tuesday announced a $1.5 billion investment in the UAE-based artificial intelligence (AI) technology company, G42.Both companies will also support the establishment of a $1 billion fund for…

Business

Mahindra unveils new nine-seater Bolero Neo+ starting at Rs 11.39 lakh

Apr 16, 2024

New Delhi, April 16 (IANS) Leading SUV manufacturer Mahindra & Mahindra on Tuesday unveiled the 9-seater 'Bolero Neo+' in two variants -- the P4 and the P10, at a starting price of Rs 11.39 lakh (ex-showroom). According to the company,…

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