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Business & economy, industries, companies, technologies and MNCs – News

Zerodha’s Kite app goes down for 4th time in 4 straight months

Jan 29, 2024

New Delhi, Jan 29 (IANS) Brokerage firm Zerodha's trading app Kite on Monday suffered another technical glitch, marking the fourth straight month the platform has faced such issues. Several users took to the X platform complaining about the issue and demanding compensation for the "loss"."As expected.. These (intentional) glitches will happen again…

Rolls-Royce inks pact with Azad Engineering for making complex defence aero-engine components in…

Jan 29, 2024

New Delhi, Jan 29 (IANS) Rolls-Royce has announced the signing of a long-term agreement with Azad Engineering to manufacture and supply complex components for defence aircraft engines. Through this strategic partnership, Hyderabad-based…

Business

Satya Nadella to visit India in Feb, discuss new opportunities with AI

Jan 29, 2024

New Delhi, Jan 29 (IANS) Microsoft Chairman and CEO Satya Nadella will visit India on February 7 and 8 as part of his annual visit to the country and might meet AI startups and discuss new opportunities with AI. "Satya Nadella, Chairman and…

Business

Sensex jumps 1000 points as heavyweights surge

Jan 29, 2024

New Delhi, Jan 29 (IANS) BSE Sensex jumped more than 1000 points on Monday led by buying in heavyweight stocks. BSE Sensex is trading at 71,799.42 points, up by 1098.75 points or 1.55%. Oil and gas stocks were best performers with…

Business

SBI Card shares down more than 5% after stock downgraded

Jan 29, 2024

New Delhi, Jan 29 (IANS) SBI Cards and Payment Services shares were down more than 5 per cent on Monday after brokerages downgraded the stock. SBI Card was down 5.6 per cent at Rs 716.70 on BSE. SBI Card reported a sub-par quarter,…

Business

O.P. Jindal Global University sets up new Jindal India Institute to build India’s soft power…

Jan 29, 2024

Sonipat, Jan 29 (IANS) O.P. Jindal Global University (JGU), based in Haryana's Sonipat, has launched a unique, one-of-its-kind Jindal India Institute (JII).It is a strategic think tank housed within a private university for ideationally and…

Business

Issues in Tingo’s financials could have been spotted by any semi-conscious finance undergrad…

Jan 29, 2024

New Delhi, Jan 29 (IANS) Issues in Tingo’s financials are glaring enough that we’d expect they could have been spotted by any semi-conscious finance undergrad with severe vision loss, Hindenburg Research had said in a report last year.…

Business

Financial boost: SpiceJet secures Rs 160 cr through ECLGS

Jan 29, 2024

New Delhi, Jan 29 (IANS) Besides Rs 744 crores, SpiceJet has also secured Rs 160 crore through the Emergency Credit Line Guarantee Scheme (ECLGS), now with a substantial bank balance of Rs 900 crore, airline source told IANS on Monday.…

Business

Interim Budget unlikely to impact market in a big way, say analysts

Jan 29, 2024

New Delhi, Jan 29 (IANS) Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way, says V.K. Vijayakumar, Chief Investment Strategist,…

Business

Over 1 in 4 firms ban GenAI over privacy, data security risks: Report

Jan 29, 2024

New Delhi, Jan 29 (IANS) More than one in four organisations have banned the use of GenAI over privacy and data security risks, a new report showed on Monday. Most firms are limiting the use of Generative AI (GenAI) over data privacy and…