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India clocks record rise in exports, employment at 18-year high in May: PMI data

May 23, 2024

New Delhi, May 23 (IANS) The Indian economy clocked a record rise in exports and the sharpest upturn in employment in nearly 18 years in May, according to HSBC Flash Purchasing Manager's Index (PMI) data released on Thursday. The PMI data, compiled by S&P Global, indicated the third-strongest upturn in private sector output since July 2010.…

Sensex jumps 251 points after flat opening

May 23, 2024

Mumbai, May 23 (IANS) Indian equity indices were trading in the green on Thursday after a flat start. At 9:40 a.m., Sensex was up 251 points or 0.34 per cent, at 74,472 points and Nifty was up 76 points or 0.34 per cent, at 22,674…

Business

Chip giant Nvidia to design new AI chips every year: CEO

May 23, 2024

San Francisco, May 23 (IANS) Chip giant Nvidia, which reported more than $14 billion in profit for the quarter ended April 28, will now design new artificial intelligence (AI) chips every year instead of once every two years.Nvidia Founder…

Business

South Korea unveils $19 billion support package for chip industry

May 23, 2024

Seoul, May 23 (IANS) South Korean President Yoon Suk Yeol said on Thursday that the country will introduce a chip industry support package worth 26 trillion won ($19 billion) to bolster the critical industry amid intensifying global…

Business

FT, OCCRP reports fail to impress Indian investors as Adani Group stocks continue to climb

May 23, 2024

New Delhi, May 22 (IANS) Repeated attacks on the Adani Group, with similar allegations of the past by the same two foreign media organisations - The Financial Times and the George Soros-backed OCCRP - is something that the market has…

Business

No Indian citizen will be left behind in journey to Viksit Bharat@2047: EAM Jaishankar

May 23, 2024

New Delhi, May 22 (IANS) External Affairs S. Jaishankar said on Wednesday that in the country’s journey to Viksit Bharat @2047, no citizen of India will be left behind.“While understanding that everybody cannot move at the same pace, we all…

Business

Nykaa’s net profit nosedives 48 per cent to Rs 9 crore QoQ

May 22, 2024

New Delhi, May 22 (IANS) Online beauty and fashion marketplace Nykaa on Wednesday posted a net profit of Rs 9 crore in the January-March quarter, down 48 per cent (quarter-on-quarter) from Rs 17.45 crore in the same period last year. FSN…

Business

Ixigo receives SEBI nod for IPO as Oyo withdraws papers

May 22, 2024

New Delhi, May 22 (IANS) Travel booking platform ixigo has received the nod from markets regulator, the Securities and Exchange Board of India (SEBI), for its initial public offering (IPO) while hospitality major Oyo has withdrawn its draft…

Business

Truecaller to let users create digital version of their voice using Microsoft’s new tech

May 22, 2024

New Delhi, May 22 (IANS) Leading caller identification app Truecaller on Wednesday announced a partnership with Microsoft to utilise the new 'Personal Voice' technology from the tech giant's Azure AI Speech which will allow users to create…

Business

Sun Pharma posts 34 pc jump in Q4 net profit, declares dividend of Rs 5 per share

May 22, 2024

Mumbai May 22 (IANS) Sun Pharmaceutical Industries Ltd on Wednesday reported a 34 per cent jump in its consolidated net profit at Rs 2,654.5 crore for the January-March quarter of 2023-24, compared to the same period of the previous…