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Bank Nifty edges higher on robust credit growth

Apr 5, 2024

Mumbai, April 5 (IANS) Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit Financial Services.While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust…

DCM Limited to file appeal against Income Tax assessment order on alleged bogus purchases

Apr 5, 2024

New Delhi, April 5 (IANS) The Income Tax Department has passed an assessment order dated March 30, that the erstwhile Textile Business Undertaking (referred to as Demerged Undertaking) of DCM Limited, which was demerged into DCM Nouvelle…

Business

Realty sector stocks top-performing sector of FY24

Apr 5, 2024

New Delhi, April 5 (IANS) In FY24, the realty sector sectoral index soared with a remarkable 132.5 per cent return, securing its position as the top-performing sector of the year, according to Motilal Oswal Asset Management Company.The auto…

Business

NetApp empowers women-led deep tech startups in India

Apr 5, 2024

Bengaluru, April 5 (IANS) Three out of the five data-driven deep tech startups, graduated from the 12th cohort of accelerator programme 'NetApp Excellerator' are led by women founders, the data infrastructure company said on Friday.The five…

Business

Automaker Kia to invest $28 billion in future mobility solutions

Apr 5, 2024

Seoul, April 5 (IANS) Kia, South Korea's second-largest carmaker, said on Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of…

Business

Range-bound rupee most stable among major currencies: RBI Governor

Apr 5, 2024

Mumbai, April 5, (IANS) The Indian rupee (INR) has remained largely range-bound as compared to both its emerging market peers and a few advanced economies during 2023-24 and was the most stable among major currencies during this period, RBI…

Business

Redington, Zoho join hands to help Indian firms boost digital transformation

Apr 5, 2024

New Delhi, April 5 (IANS) Technology solutions provider Redington Limited on Friday announced a strategic partnership with tech firm Zoho Corporation, to help businesses in India accelerate their digital transformation.This partnership aims…

Business

RBI’s decision on 3rd-party UPI apps to democratise wallet market: Experts

Apr 5, 2024

New Delhi, April 5 (IANS) Industry experts on Friday welcomed the move by the Reserve Bank of India (RBI) to permit the use of third-party UPI apps for making digital payments from prepaid payment instruments (PPI) wallets.PPIs can come in…

Business

Krafton India CEO appointed Vice President of Indian Digital Gaming Society

Apr 5, 2024

New Delhi, April 5 (IANS) The Indian Digital Gaming Society (IDGS), a non-profit organisation, on Friday said that it appointed BGMI developer Krafton India CEO Sean Hyunil Sohn as its Vice President (VP).As VP, Sohn will play a crucial…

Business

RBI’s move to maintain current policy rate will stimulate growth in housing, say realty players

Apr 5, 2024

Mumbai, April 5 (IANS) The realty players have said that the RBI’s move to maintain the current policy rate will stimulate growth within the housing market predicting a significant boon for prospective home buyers.Incidentally, the RBI's…

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