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Rupee Drops To Record Low Against US Dollar As Israel Strikes Hit Iran

Reuters | Friday April 19, 2024, Mumbai

The Indian rupee opened to a record low on Friday as reports of Israeli strikes in Iran prompted investors to exit risk assets and lap up safe havens.

Infosys Profit Jumps 30% To Rs 7,969 Crore In Fourth Quarter

Press Trust of India | Thursday April 18, 2024, New Delhi

IT company Infosys today said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the fourth quarter ended March 2024.

Nestle Falls 3%, Market Cap Down By Rs 8,100 Crore Over Cerelac Row

Press Trust of India | Thursday April 18, 2024, New Delhi

Shares of Nestle India on Thursday declined over 3 per cent amid reports that the global FMCG major sold infant milk products with more sugar content in less developed countries.

Adani Group Aims Big on Data Centres With $5 Billion Investment: Report

NDTV News Desk | Thursday April 18, 2024, New Delhi

Adani Enterprises (AEL), the flagship company of billionaire Gautam Adani, is gearing up for a significant expansion in its data centre business.

Apple, CleanMax Join Hands To Boost Renewable Energy Adoption In India

Press Trust of India | Wednesday April 17, 2024, New Delhi

iPhone maker Apple has formed a joint venture with renewable energy firm Cleanmax to deploy solar solutions in India.

No Poll Day Offs For Flipkart, BigBasket Delivery Agents, Complaint Filed

Press Trust of India | Wednesday April 17, 2024, New Delhi

A complaint has been filed against e-commerce major Flipkart and Tata Group firm BigBasket for allegedly making delivery boys work on the day of voting on April 19 in the state.

Centre Notifies New FDI Rules For Space Sector Ahead Of Elon Musk's Visit

Press Trust of India | Wednesday April 17, 2024, New Delhi

The government has notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments.

Adani Group Infuses Another Rs 8,339 Crore In Ambuja Cements, Raises Stake To 70.3%

Press Trust of India | Wednesday April 17, 2024, New Delhi

Billionaire Gautam Adani's family infused an additional Rs 8,339 crore into Ambuja Cements, raising its stake in the company to 70.3%, to help the cement maker's manufacturing capacity.

Why Is China's Growth Story Different From India? Ex-TCS Boss Explains

Written by Parmeshwar Bawa | Wednesday April 17, 2024

The International Monetary Fund (IMF) has raised India's growth forecast to 6.8% from its January projection of 6.5%, citing bullish domestic demand and a rising working-age population.

Indian Economy Projected To Grow 6.5% In 2024: UN Trade Body

Press Trust of India | Wednesday April 17, 2024, United Nations

India's economy is projected to grow by 6.5 per cent in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact

Paytm's Rs 50 Crore Investment In Its Payments Arm Deferred? What Company Said

Asian News International | Tuesday April 16, 2024, New Delhi

Paytm on Tuesday issued a clarification on reports that speculated on the deferral of Paytm Payment Services Limited's (PPSL) license application and potential penalties.

Zee Withdraws Application To Merge Operations With Sony From Law Tribunal

Press Trust of India | Tuesday April 16, 2024, New Delhi

ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench.

Rupee Weakens To Record Low Against US Dollar Amid Iran-Israel Conflict

Press Trust of India | Tuesday April 16, 2024, Mumbai

The rupee depreciated 9 paise to 83.53 against the US dollar in early trade on Tuesday, weighed down by a strong American currency and elevated crude oil prices.

Byju's Gets Majority Of Shareholders' Approval For $200 Million Rights Issue

Press Trust of India | Tuesday April 16, 2024, New Delhi

The majority of shareholders of edtech firm Think and Learn, owner of Byju's brand, have approved the company's resolution to increase its authorised share capital to absorb USD 200 million raised through the rights issue, a statement said on Monday.

Mahindra Group To Invest Rs 1,200 Crore For Hybrid Project In Maharashtra

Press Trust of India | Monday April 15, 2024, New Delhi

The project includes installation of a 101 megawatt (MW) wind and 52 MW solar capacity, Mahindra Group said in a statement.