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India’s forex reserves surge by $3.7 bn to touch $641.6 bn mark

May 10, 2024

Mumbai, May 10 (IANS) India's foreign exchange reserves rose by $3.7 billion during the week ended May 3 to touch the $641.59 billion mark, the latest RBI data released on Friday showed. This is the biggest gain in close to two months and reverses the declining trend over the previous three weeks.India's foreign exchange reserves had touched a…

IISc, Lam Research upskill engineers in semiconductor fabrication tech

May 10, 2024

New Delhi, May 10 (IANS) The Indian Institute of Science (IISc) on Friday announced that it successfully concluded the pilot to upskill engineers in semiconductor fabrication technology, which was announced in partnership with the US-based…

Business

Bank of Baroda Q4 net profit rises to 4,886 crore

May 10, 2024

Mumbai, May 10 (IANS) Government-owned Bank of Baroda reported a net profit of Rs 4,886 crore for the January-March quarter of 2023-24, up 2.3 per cent from the corresponding figure of Rs 4,775 crore in the same period a year ago.The bank…

Business

Thomas Cook India launches ‘TCPay’ for international money transfers

May 10, 2024

New Delhi, May 10 (IANS) Omnichannel forex services company Thomas Cook India on Friday launched a new digital service called 'TCPay' to bring ease and efficiency to international money transfers. According to the company, TCPay offers…

Business

Indian IT companies become more conservative in FY25 growth projections

May 10, 2024

New Delhi, May 10 (IANS) As the IT sector goes through muted revenue growth, companies have become more conservative in their FY25 projections, baking in anticipated delays in executions and project closure activities, market analysts said…

Business

SEBI’s move to simplify operations of stock brokers: Zerodha’s Nithin Kamath

May 10, 2024

New Delhi, May 10 (IANS) Zerodha’s Co-founder and CEO Nithin Kamath on Friday said that the proposal by the Securities and Exchange Board of India (SEBI) that investors' securities should directly go to their demat accounts, will…

Business

Tesla to invest over $500 mn on Supercharger network expansion

May 10, 2024

New Delhi, May 10 (IANS) Tesla CEO Elon Musk on Friday said that the company will be investing more than $500 million in its Supercharger network to create thousands of new chargers in 2024."Tesla will spend well over $500 million expanding…

Business

Cipla Q4 net profit surges by 79 pc, declares dividend of Rs 13 per share

May 10, 2024

Mumbai, May 10 (IANS) Pharma major Cipla on Friday reported a 78.5 per cent surge in net profit to Rs 939 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 525 crore for the same period last year. The…

Business

Netweb opens high-end computing system manufacturing facility in India, to create hundreds of jobs

May 10, 2024

New Delhi, May 10 (IANS) In line with the government's 'Make in India' initiative, technology solutions provider Netweb Technologies on Friday inaugurated a high-end computing servers, storage and switch manufacturing facility in the…

Business

South Korean ministry voices regret on Japan’s ‘pressure’ over Line messenger

May 10, 2024

Seoul, May 10 (IANS) The science ministry on Friday expressed regret over the Japanese government's "pressure" over the Line messenger app, saying that Seoul would "strongly and sternly" take measures against Tokyo's move against the…

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