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Elista aims to reach Rs 500 cr in India revenue, ramps up investments, manufacturing

Jan 13, 2024

New Delhi, Jan 13 (IANS) In order to solidify its presence in the Indian consumer electronics market, leading brand Elista on Saturday said it aims to reach domestic revenue of Rs 500 crore by the end of 2025 while continuing to invest in the country and growing in newer categories.For its plans for the manufacturing facility in Andhra Pradesh, the…

BHEL bags Rs 15,000 cr EPC contract from NLC India for Odisha project

Jan 13, 2024

Chennai, Jan 13 (IANS) Integrated lignite and coal mining and power generation company NLC India Ltd has awarded over Rs 15,000 crore engineering, procurement and construction (EPC) contract to Bharat Heavy Electricals Ltd (BHEL) for…

Business

FAA to keep Boeing 737 MAX 9 grounded till further notice

Jan 13, 2024

Washington, Jan 13 (IANS) The US Federal Aviation Administration (FAA) announced that it will keep Boeing 737-9 MAX grounded for the safety of travellers until extensive inspection and maintenance are conducted and data from inspections is…

Business

Citigroup to cut 20,000 jobs in big corporate overhaul

Jan 13, 2024

New York, Jan 13 (IANS) Global banking major Citigroup will reduce 10 per cent of its workforce, or about 20,000 employees, in the next two years in a major corporate overhaul.About 20,000 employees will be let go over the "medium term",…

Business

Two big deals completed by Tata Consumer Products

Jan 13, 2024

Mumbai, Jan 12 (IANS) In two back to back deals, Tata Consumer Products on Friday stated it will acquire up to 100 per cent stake in Organic India, a Fabindia-owned business that sells tea, infusions, herbal supplements and packaged foods,…

Business

LIC wins Rs 25,464 Income Tax refund on interim bonus

Jan 13, 2024

New Delhi, Jan 12 (IANS) In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.The refund pertains to the ongoing dispute between the…

Business

Hyundai, Kia’s sales of eco-friendly cars to hit 1 mn units in US

Jan 13, 2024

Seoul, Jan 12 (IANS) Accumulative sales of eco-friendly vehicles produced by Hyundai Motor and Kia, South Korea's leading automakers, are expected to exceed 1 million units in the first quarter, the companies said on Friday.Accumulative…

Business

Industrial growth slumps to 2.4% in November

Jan 12, 2024

New Delhi, Jan 12 (IANS) India's industrial growth rate slumped to an 8-month low of 2.4 per cent in November from a 16-month high of 11.6 per cent in October, data released by the Ministry of Statistics and Programme Implementation on…

Business

Draft ready, Kerala to bring in policy to emerge as AVGC-XR hub

Jan 12, 2024

Thiruvananthapuram, Jan 12 ( IANS) Billed as a path-breaking initiative, the Kerala Government has proposed to come out with a comprehensive policy on AVGC-XR (Animation, Visual Effects, Gaming and Comics and Extended Reality), a cutting…

Business

Rupee strengthens further with 11 paise gain vs dollar

Jan 12, 2024

Mumbai, Jan 12 (IANS) The rupee strengthened further on Friday with a gain of 11 paise to close at 82.90 vis-a-vis the US dollar as bullish foreign funds flowed into the equity markets.This is the eighth consecutive day on which the Indian…

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