Business News

BENGALURU: Accenture has made an equity investment in global capability centre (GCC) platform ANSR, and will join the company’s board of directors. Though the company did not disclose the investment amount, according to reports,…

NEW DELHI: Led by IT and metal stocks, bulls made a roaring comeback on Friday after trailing behind for 5 consecutive sessions. Benchmark indices - Sensex and Nifty- advanced 1.6-1.7% each. The 30-stock pack Sensex rose 1293 pts to close…

NEW DELHI: Aditya Birla Group Chairman, Kumar Mangalam Birla, on Friday announced the launch of the Group's jewellery retail business, marking the Group's foray into the rapidly expanding Rs.6.7 lakh crore Indian jewellery market. The…

MADRID: Spain's unemployment rate dropped in the second quarter, official data showed Friday, as a continued tourism boom added jobs in the services sector. The jobless rate fell to 11.3 per cent between March and June in the eurozone's…

MUMBAI: Gurugram-based Mankind Pharma, which is a leading player in the domestic OTC drug segment, has entered into a definitive agreement to acquire 100% stake that global investor Advent International holds in Bharat Serums and Vaccines…

BENGALURU: Tech Mahindra on Thursday reported a 23% increase in its consolidated net profit at Rs 851.5 crore for the June quarter as against Rs 692.5 crore in the year-ago period. The company’s revenue from operations in the quarter stood…

Washington: The US economy, despite high interest rates, grew at 2.8 percent in the second quarter -- double the rate of 1.4 percent that it saw in the January-March period. The significant growth is mainly attributed to increased consumer…

Mumbai: State-run Canara Bank has reported a 10.5 percent on-year rise in net profit for the June quarter at Rs 3,905.3 crore on improved asset quality with lower bad loans and fresh slippages. The Bengaluru-based lender said Thursday…

MUMBAI: Equity market benchmark indices Sensex and Nifty tumbled in early trade on Thursday, continuing to decline for the fifth day running, dragged by Axis Bank and overall bearish global market trends. The announcement of a hike in…

New Delhi: The Reserve Bank has revised the extant regulatory framework guiding domestic money transfer services by making the know your customer (KYC) record requirements stringent after a review of the current framework guiding various…

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round…

MUMBAI: A study carried out by the market watchdog Sebi has found that more than seven out of ten (71 percent to be precise) retail traders who engaged in intraday trading in the cash segment lost money in FY23. The study also noted that…

NEW YORK: Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology. Elon Musk's electric vehicle company reported profits of $1.5…

NEW DELHI: The real estate sector was in for a shock as the government on Tuesday removed the indexation benefit on long term capital gains on unlisted assets including real estate. Though the government has reduced the long term capital…

New Delhi: Though there were no announcements benefiting the financial sector directly except those on home loans, bankers led by State Bank chairman Dinesh Khara and IBA chairman MV Rao have hailed the Union Budget saying the document…

NEW DELHI: The civil aviation ministry on Monday said 51 passengers have been placed under the no-fly list of airlines for unruly behaviour this year till July 1. The Directorate General of Civil Aviation (DGCA) has norms in place for…

NEW DELHI: Air India will be operating its flagship A350-900 aircraft on Delhi-New York JFK flights from November 1, 2024, and Delhi-Newark flights from January 2, 2025. The A350 deployment will introduce Air India’s Premium Economy…

Mumbai: India’s equity market is expected to witness increased volatility on Budget Day (July 23) even as the central government is likely to keep its focus on fiscal prudence and capital expenditure-led growth. India’s equity market…

MUMBAI: A significant improvement in slippages and asset quality coupled with a spike in non-interest income have helped the state-run Indian Overseas Bank (IOB) to book a 26.60 percent on-year growth in net profit at Rs 633 crore in the…

NEW DELHI: Despite the large build-up of connectivity infrastructure and energy-related assets, both sectors reported the need for corrections in the delay in land acquisition, and land-related clearances, said the Economic Survey of 2024…