Saturday, April 27, 2024
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Meta loses billions of dollars in quest to lead AR-VR market
New Delhi, April 27As Meta (formerly Facebook) continues to bet big on gaming, it has lost close to $4 billion on its augmented reality/virtual reality (AR-VR) division.RBI issues draft guidelines on digital lending to give borrowers a better deal
Mumbai, April 26The RBI on Friday released draft guidelines on digital lending to ensure transparency in the aggregation of loan products from multiple lenders by lending service providers (LSP) ...IIFL Samasta Finance adds three members to its Board
New Delhi, April 26IIFL Samasta Finance, one of India’s largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors.NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent
New Delhi, April 26The NDTV Group on Friday announced 59 per cent revenue growth in the fourth quarter (Q4) of the last financial year (FY24), compared to the same period last year.Patanjali Foods receives proposal to acquire non-food business from Patanjali Ayurved
New Delhi, April 26The Board of Directors of Patanjali Foods Limited, at its meeting held on Friday, discussed the initial proposal received from Patanjali Ayurved Limited (PAL) for a sale of the la...India's forex reserves decline further after hitting record high
New Delhi, April 26India's foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.RBI cautions public against using unauthorised prepaid payment entities
New Delhi, April 26The Reserve Bank of India (RBI) cautioned the public against using websites or applications, and parting with their money to any unauthorized entity.Apollo Hospitals' unit to raise Rs 2,475 crore from PE firm Advent International
New Delhi, April 26Apollo HealthCo Ltd (Apollo 24|7) on Friday announced it would raise equity capital of Rs 2,475 crore from leading private equity (PE) investor Advent International.HCLTech clocks 5.7 per cent growth in net income at Rs 15,702 crore for FY24
New Delhi, April 26Global technology company HCLTech on Friday reported a revenue of Rs 109,913 crore, up 8.3 per cent (year-on-year), for FY24 as net income saw 5.7 per cent growth at Rs 15,702 cro...India's forex reserves dip by $2.83 billion to $640.3 billion
Mumbai, April 26India's forex reserves contracted by $2.83 billion to $640.33 billion as of April 19, the latest data released by the RBI on Friday showed.Nifty snaps five-day rally driven by weak global cues
Mumbai, April 26The domestic markets snapped their five-day rally on Friday, with the Nifty declining 150.40 points to close at 22,419.95, and the Sensex falling by 609.28 points to end at 73,730...RBI issues FAQs on default loss guarantee in digital lending
Mumbai, April 26The Reserve Bank of India (RBI) on Friday issued frequently asked questions (FAQs) to provide more clarity on its guidelines for default loss guarantee (DLG) in digital lending, w...Myntra India's Trend Index report captures nation's tryst with latest fashions
Bengaluru, April 26Myntra, India's favourite fashion, beauty, and lifestyle destination, on Friday launched the very first edition of the ‘Myntra Trend Index’, a report summarising some of the ...Maruti Suzuki posts 48 pc jump in Q4 net profit
New Delhi, April 26The country’s leading carmaker Maruti Suzuki India Ltd on Friday reported a 48 per cent jump in net profit to Rs 3,878 crore for the January-March quarter of 2023-24 compared to t...Markets slump on worries over Q4 earnings
Mumbai, April 26The BSE Sensex fell more than 600 points on Friday amid worries over high valuations and lackluster Q4 earnings.Beauty addicts can now get Kylie Cosmetics in India
New Delhi, April 26“I am so excited to launch Kylie Cosmetics in India, I created Kylie Cosmetics to give my fans access to the makeup products that I use and love, and I can’t wait to share my coll...Global connected car sales to exceed 500 million in 2030, India to be among top nations
New Delhi, April 26Global connected car sales are likely to exceed 500 million in the 2024-2030 period, and about nine out of 10 such vehicles sold in 2030 will have embedded 5G capability, a report...Indian stocks slump after four days of gains amid weak global cues
New Delhi, April 26Snapping a four-day winning streak, Indian stock indices closed sharply lower on Thursday, primarily due to risk aversion by investors amid weak global cues.India reaffirms to take inland water transport share to 7 pc by 2047
New Delhi, April 26At a two-day conference in Kochi, the Ministry of Ports, Shipping and Waterways (MoPSW) reaffirmed its goal to boost the share of Inland Water Transport (IWT) to 5 per cent by 203...Deloitte Global Economics Research Centre revises India growth prediction to 7.8 pc in fiscal 2024
New Delhi, April 26The Deloitte Global Economics Research Center has raised its growth forecast for India, projecting a range of 7.6 per cent to 7.8 per cent attributing the increase to GDP revision...