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India’s gold demand rises 8 pc in Jan-March despite soaring prices

Apr 30, 2024

Mumbai, April 30 (IANS) India's gold demand rose to 136.6 tons in the January-March quarter which represents an 8 per cent increase over the same quarter of the previous year, according to figures released by the World Gold Council (WGC) on Tuesday.Gold purchases have increased despite rising prices, reflecting higher incomes in a growing economy,…

Microsoft to invest $1.7 bn in cloud, AI infrastructure in Indonesia

Apr 30, 2024

New Delhi, April 30 (IANS) Microsoft on Tuesday announced that it will invest $1.7 billion over the next four years in new cloud and artificial intelligence (AI) infrastructure in Indonesia.The company also announced AI skilling…

Business

Will double India headcount annually for 3 years to expand footprint: Transcom India

Apr 30, 2024

New Delhi, April 30 (IANS) Generative AI-driven customer experience services (CX) company, Transcom India, on Tuesday said it aims to double its current headcount of 700 annually for the next three years, taking its employee strength to…

Business

Auto stocks lead Sensex gain of 300 points

Apr 30, 2024

New Delhi, April 30 (IANS) Auto stocks including M&M and Tata Motors led the 300-point gain in the Sensex on Tuesday.M&M was up more than 3 per cent while Tata Motors and Maruti Suzuki were up more than 1 per cent.Sensex was trading…

Business

Flipkart-owned Cleartrip’s CFO steps down, Akshat Mishra takes over

Apr 30, 2024

New Delhi, April 30 (IANS) Flipkart-owned online travel aggregator Cleartrip on Tuesday announced that Aditya Agarwal will step down as Chief Financial Officer (CFO) owing to personal reasons. Akshat Mishra will take over as the new Head…

Business

Ambuja Cements supported school enlisted as PM SHRI School

Apr 29, 2024

Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, is proud to share that three of its supported schools at Arki and Dhundan blocks in Solan district, Himachal Pradesh have been bestowed the ‘School…

Business

Ultratech posts 35 per cent jump in Q4 net profit, declares dividend of Rs 70 per share

Apr 29, 2024

Mumbai, April 29 (IANS) Aditya Birla Group company Ultratech Cement Ltd on Monday reported a 35 per cent jump in net profit to Rs 2,258.58 crore in the January-March quarter of 2023-24 amid a demand for building materials and lower…

Business

Ola Cabs CEO Hemant Bakshi resigns, firm plans to cut 10 per cent jobs

Apr 29, 2024

New Delhi, April 29 (IANS) Ride-hailing platform Ola Cabs CEO, Hemant Bakshi, has resigned from his position just four months after taking the job, according to sources. The company is also expected to undergo a restructuring process that…

Business

Bank Nifty at record high levels

Apr 29, 2024

Mumbai, April 29 (IANS) Nifty erased previous session losses led by banks and ended higher on Monday. Bank Nifty made a record high while Nifty is about 120 points short so far, says Deepak Jasani, Head of Retail Research, HDFC…

Business

Travel & tourism sector expected to add over 58 mn jobs in India by 2033: Report

Apr 29, 2024

New Delhi, April 29 (IANS) The travel and tourism sector in India, which registered remarkable growth post the Covid-19 pandemic, is expected to add 58.2 million jobs by 2033 throughout the country, a new report said on Monday. In the…

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