Infosys freshers hiring latest update: Salil Parekh, the CEO of Infosys, has reassured that the company will honor all offers made to freshers and proceed with their joining, despite some changes in the joining dates. His comments to PTI come amidst reports suggesting that Infosys has delayed the onboarding of 2,000 fresh engineering graduates from … Read more
NEW DELHI: Farmer leaders in Punjab on Tuesday expressed their disappointment with the Union Budget presented by Finance Minister Nirmala Sitharaman, claiming it “ignored” the farming sector and failed to address the issue of providing a legal guarantee for minimum support price (MSP). The budget allocates Rs 1.52 lakh crore for the agriculture and allied … Read more
TCS Q1 FY25 results: Tata Consultancy Services (TCS), India’s largest IT services provider, announced its financial results for the June quarter on Thursday. The company reported a consolidated net profit of Rs 12,105 crore, which is a 9% increase compared to the same quarter in the previous financial year when it recorded a profit of … Read more
Gautam Adani, one of the world’s wealthiest individuals, is planning to venture into shipbuilding at the Adani Group‘s primary port in Mundra, which is also India’s largest port. This decision comes as leading shipyards in countries such as China, South Korea, and Japan are fully booked until at least 2028, compelling global fleet owners to … Read more
Indian Railways has approved a manufacturing plan for almost 10,000 non air-conditioned coaches in two years to meet the growing demand. Sources told TOI that Railway Minister Ashwini Vaishnaw-led Indian Railways has approved a plan to manufacture 9,929 non-AC coaches in 2024-25 and 2025-26. Of these, 4,485 non-AC coaches will be manufactured in the ongoing … Read more
Budget 2024 expectations: Finance Minister Nirmala Sitharaman is getting ready to present Modi 3.0 government’s first full Union Budget in the second half of July. This will be Sitharaman’s seventh Union Budget in a row, making her the first finance minister to do so. Ahead of India Budget 2024, industry associations and bodies are releasing … Read more
Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company’s plans told Reuters, as it moves ahead with a possible entry into the world’s third-largest car market.A team from Tesla is expected to visit India later this month to … Read more
India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.India’s economy will likely grow steadily at 6.5%-7% over the long term, Chetan Ahya said in interview Monday with … Read more
Paytm Payments Bank has released a detailed FAQ on their website in light of the new directive that comes into force on March 15, concerning the acceptance of new deposits. The bank has provided clarity especially on the usage and management of FASTags issued by them, in compliance with the Reserve Bank of India‘s (RBI) … Read more
7th Pay Commission: The Union Cabinet on Thursday approved a 4% hike in dearness allowance for central government employees, bringing the total to 50%. According to the government, this decision will benefit 50 lakh employees and 68 lakh pensioners. This will cost the government Rs 12,868 crore. Due to increase in DA, the government has … Read more
Major Byju’s shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.Byju’s rejected the resolutions, which also sought to remove Byju Raveendran from the board of the … Read more
NEW DELHI: Taj parent Indian Hotels Company Ltd (IHCL) has signed its third property in Ayodhya. The latest signing is for a brownfield project that will be branded as an IHCL SeleQtions hotel. Taj has earlier finalised a 100-room upscale Vivanta and a 120-room lean lux Ginger in the holy town that will open by … Read more
BENGALURU: The Bengaluru Civil Court has referred both the parties– former Wipro CFO Jatin Dalal and Wipro — to arbitration. Judge Doddegowda K presided over the court proceedings on Wednesday.Dalal can invoke his rights to an arbitral tribunal following an order passed by the Bengaluru Civil Court on Wednesday. Dalal has filed an application asking … Read more
MUMBAI: IndiGo, country’s largest carrier in terms of market share, on Tuesday announced direct flights between Mumbai and Ayodhya, from January 15, 2024.IndiGo flight 6E-5378 is scheduled to depart Mumbai at 12.30 am and land in Ayodha at 2.45 am, while the return flight 6E-5379 will depart at 3.15 pm and land in Mumbai at … Read more
NEW DELHI: Jet Airways founder Naresh Goyal and his family members made “dubious and personal expenses” of nearly Rs 1,000 crore from bank loan funds, the Enforcement Directorate (ED) alleged on Saturday.The agency, which took Goyal (74) into custody late Friday night, said that the airline also “diverted” money to a few tax havens.Earlier today, … Read more
NEW DELHI: The Directorate General of Civil Aviation (DGCA) is doing a “deep dive” on the twin in-flight shutdowns experienced by Pratt & Whitney (PW) engines on two IndiGo Airbus A321 aircraft while operating domestic flights on Tuesday. Now these two aircraft are also grounded, joining the about 40 IndiGo already cooling their heals for … Read more
NEW DELHI: India’s direct selling sector has registered a growth of 5.4% over 2021 retail sales, even as the industry shrunk globally by 1.5% in 2022 to $172.89 billion.According to a report by the World Federation of Direct Selling Association (WFDSA), India has moved up to 11th position in the ranking of top markets of … Read more
NEW DELHI: The International Monetary Fund (IMF) on Tuesday slightly upgraded its global growth outlook for this year on Tuesday, attributing it to resilient economic activity in the first quarter. However, the IMF also cautioned about persistent challenges that could dampen the medium-term outlook. The global lender now projects a 3.0% growth in global real … Read more
NEW DELHI: India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America’s measure to increase tariffs on certain steel and aluminium products, government sources said.During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination … Read more
LONDON: Reserve Bank of India governor Shaktikanta Das has received the ‘Governor of the Year’ award at London’s Central Banking Awards 2023.The Central Banking Awards 2023 winners were announced in late March this year. Two top prizes went to the National Bank of Ukraine — the 2023 Central Bank of the Year and the Reserve … Read more
NEW DELHI: India’s gross domestic product(GDP) grew by 7.2 per cent in 2022-23 against 9.1 per cent expansion in previous fiscal, as per the government data released on Wednesday.Despite the rate of GDP growth coming at a slightly lower rate to the previous year, India remains one of the fastest-growing economies among major global players. … Read more
Go Airlines India Ltd plans to raise salaries of captains by Rs 100,000 ($1,211) a month and by Rs 50,000 for first officers as it tries to salvage its operations after filing for insolvency on May 2. The additional pay, which the airline calls a retention allowance, will come into effect on June 1, according … Read more
NEW DELHI: The licence of the pilot in command (PIC) of the Delhi-Dubai flight of February 27, 2023, who invited a female friend into the flight deck has been suspended for three months. The Directorate General of Civil Aviation has fined Air India Rs 30 lakh in this case for not taking prompt action. The … Read more
Three companies controlled by billionaire Gautam Adani are considering a fundraising that may draw as much as $5 billion, according to people familiar with the matter, in a pivotal test of investor confidence in the tycoon’s empire less than four months after a scathing short seller report plunged it into crisis.Adani Enterprises Ltd., the flagship, … Read more
NEW DELHI: India’s goods and services tax (GST) mop-up in March rose 13% year-on-year to Rs 1.60 lakh crore, its second highest ever, the government said on Saturday.Goods and services tax (GST) collected in February was Rs 1.50 lakh crore.In 2022/23, total GST collected was Rs 18.10 lakh crore, 22% higher than last year, the … Read more
NEW DELHI: Apple Inc partner Foxconn Technology Group says it is committed to setting up manufacturing facility in Telangana, Hyderabad, the company said. In an official letter addressed to Telangana chief minister K Chandrasekhar Rao, the Taiwanese electronic major confirmed its commitment of setting up the manufacturing facility in Kongar Kalan.Foxconn Technology Group chairman Young … Read more
NEW DELHI: At Rs 1.49 lakh crore, India’s goods and services tax (GST) collection for the month of February jumped by 12%, year-on-year. In an official release, the finance ministry said that the cess collected by the Centre last month was the highest since implementation of GST, at Rs 11,931 crore. Of the total collection … Read more
NEW DELHI: An Air India flight from Newark to Delhi was diverted to Stockholm on Wednesday due to an oil leak in one of the engines, according to a senior official. The senior DGCA official said the flight, operated with Boeing 777-300ER aircraft, had an oil leak in one of the engines. Following the oil … Read more
NEW DELHI: Union minister of railways, communications and electronics, and IT, Ashwini Vaishnaw at the Economic Times Global Business Summit (GBS) 2023, on Saturday said that locally developed 4G and 5G technology stack has drawn interest from over 9 countries making India a potential telecom technology exporter. “There are at least nine or 10 countries … Read more
The selloff in Gautam Adani’s corporate empire accelerated on Friday, erasing more than $50 billion of market value in less than two sessions as Asia’s richest man struggles to contain the fallout from a scathing report by US short seller Hindenburg Research.The rout is piling pressure on the Indian tycoon as it erodes his net … Read more