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Zurich Insurance Group to acquire majority stake in Kotak Mahindra General Insurance

Nov 2, 2023

New Delhi, Nov 2 (IANS) Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited and Zurich Insurance Company Limited have entered into definitive agreements for a transaction whereby Zurich will invest approximately Rs 4,051 crore to acquire a 51 per cent stake in Kotak General Insurance through a combination of fresh growth…

Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter

Nov 2, 2023

New Delhi, Nov 2 (IANS) Tata Steel reported a consolidated net loss of Rs 6,511 crore in the second quarter of 2023-24 as the company was hit by impairment charges and shrinking margins in its operations in Europe.The company had made a net…

Business

SAP unveils new AI capabilities to skill developer community with genAI

Nov 2, 2023

Bengaluru, Nov 2 (IANS) As generative AI begins to disrupt businesses of all sizes globally and in India, Cloud solutions major SAP on Thursday launched new AI capabilities and advancements for developers to build generative AI-based apps…

Business

Apple can’t block iPhone ‘throttling’ class-action lawsuit, rules court

Nov 2, 2023

London, Nov 2 (IANS) The Competition Appeal Tribunal here has denied Apple’s request to block a UK class action lawsuit that accused the tech giant of intentionally slowing down the performance of older iPhones to encourage customers to buy…

Business

Reliable renewable energy to fuel AI growth

Nov 1, 2023

New Delhi, Nov 1 (IANS) Remember how Alexa and Google Home got us intrigued and excited? They are now things of the past as we see GPT (Generative Pre-Trained Transformer or generative artificial intelligence or AI) taking control of almost…

Business

The India Cements calls back advances to manage working capital needs, posts loss of Rs 81.39 cr

Nov 1, 2023

Chennai, Nov 1 (IANS) With its plans to sell non-core assets to raise money for the refurbishment of plants and working capital getting into procedural delays, cement major The India Cements Ltd is getting back its advances from group…

Business

UPI transactions soar to all-time high of Rs 17.16 lakh crore in Oct

Nov 1, 2023

New Delhi, Nov 1 (IANS) Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.In volume terms…

Business

GST revenue in Oct rise 5% to Rs 1,72,003 cr over September

Nov 1, 2023

New Delhi, Nov 1 (IANS) The gross GST revenue in October rose by 5.7 per cent to Rs 1,72,003 crore from Rs 1,62,712 crore in September.Of the Rs 1,72,003 crore GST collections, Rs 30,062 crore was CGST, Rs 38,171 crore was SGST, Rs 91,315…

Business

India cuts crude imports from Russia, buys more from Saudi in Oct

Nov 1, 2023

New Delhi, Nov 1 (IANS) India’s crude oil imports from Russia fell by more than 4 pe rcent in October compared to September, according to figures compiled by energy cargo tracker Vortexa.India imported 1.55 million barrels per day (bpd) of…

Business

Jindal Steel and Power drops 6 per cent in trade post Q2 results

Nov 1, 2023

New Delhi, Nov 1 (IANS) Jindal Steel and Power shares dropped more than 6 per cent in trade on Wednesday after analysts flagged delays in execution.Jindal Steel and Power was down 6.45 per cent in trade at Rs 593 on BSE.Tushar Chaudhari -…

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