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Siemens board approves demerger of energy business into separate listed entity

May 14, 2024

Mumbai, May 14 (IANS) The Board of Directors of Siemens Limited, the Indian subsidiary of German technology giant Siemens AG, on Tuesday approved the proposal to demerge its energy business into a separate legal entity – Siemens Energy India Limited. The new entity will be subsequently listed and will mirror the shareholding of Siemens Limited,…

Airtel registers 31 pc decline in Q4 net profit

May 14, 2024

New Delhi, May 14 (IANS) Telecom major Bharti Airtel on Tuesday reported a 31 per cent decline in its consolidated net profit at Rs 2,072 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 3,006 crore in…

Business

Political stability first criteria for robust markets and PM Modi guarantees that: FM Sitharaman

May 14, 2024

Mumbai, May 14 (IANS) Financial markets play a crucial role in capital mobilisation and allocation, and the stability of government is the first criterion for the Indian stock indices to make a difference to the growing economy, Finance…

Business

Adobe to offer Experience Platform-based applications via data centre in India

May 14, 2024

New Delhi, May 14 (IANS) Keeping with India's data localisation norms, software major Adobe on Tuesday said that its Experience Platform-based applications will be available for enterprise customers via an India data centre later in the…

Business

Sensex up 328 points, metal and energy stocks lead the rally

May 14, 2024

Mumbai, May 14 (IANS) Indian stock indices gained on Tuesday amid mixed global cues. This is the 3rd consecutive session marked closed in green. At close, Sensex was up 328 points or 0.45 per cent, at 73,104 and Nifty was up 113 points or…

Business

68 pc Indian firms rely on tech to drive sustainability success: Report

May 14, 2024

New Delhi, May 14 (IANS) About 68 per cent of organisations in India rely on technology to drive sustainability success, fueled by customer demand, a new report said on Tuesday. According to the report by IT infrastructure services…

Business

India’s CCTV Camera Market to reach $13.08 Billion by 2029 with CAGR of 16.9%

May 14, 2024

The 2nd edition of SAFE West India, India's premier security and fire expo, organised by Informa Markets in India, successfully concluded at the Bombay

Business

Wholesale Price Index inflation remains benign: Industry

May 14, 2024

New Delhi, May 14 (IANS) The Wholesale Price Index (WPI), which edged up to 1.26 per cent in April, remains benign and inflation in the food articles is expected to rationalise by September-October, industry bodies said on Tuesday.…

Business

WPI inflation edges up to 1.26 pc in April

May 14, 2024

New Delhi, May 14 (IANS) The country’s inflation rate based on the Wholesale Price Index (WPI) edged up to 1.26 per cent in April, compared to the same month last year, data released by the Commerce and Industry Ministry on Tuesday showed.…

Business

IFSCA and NSE IX Lead Direct Equity Listing Summit – Shaping Future of Indian Startups through…

May 14, 2024

The International Financial Services Centres Authority (IFSCA) and NSE International Exchange (NSE IX) in association with 3one4 Capital

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