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Economy
Air India Express row: ‘Company leadership available for discussions’, CEO says in…
New Delhi, May 8 (IANS) Following the mass sick leave taken by the cabin crew of low-cost airline Air India Express resulting in disruption of flight operations, the airline's CEO Aloke Singh, said in a letter to the employees that the act!-->…
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HDFC Bank, Atal Innovation Mission empower social sector startups with Rs 19.6 cr grants
Mumbai, May 8 (IANS) HDFC Bank on Wednesday said it supported social sector startups in India with grants worth Rs 19.6 crore in FY24, in partnership with Atal Innovation Mission (under NITI Aayog).
In FY 2023-24, 170 social start-ups!-->…
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RBI coming up with new steps to expand UPI outreach
Mumbai, May 8 (IANS) RBI Governor Shaktikanta Das on Wednesday held a meeting with major stakeholders in the UPI ecosystem including banks, National Payments Corporation of India (NPCI), third party application providers and technology!-->…
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Fintech startup Simpl cuts around 100 jobs in restructuring exercise
New Delhi, May 8 (IANS) Fintech startup Simpl has laid off around 100 employees in a restructuring exercise, a media report said on Wednesday.
According to Inc42, citing sources, the fresh job cuts have impacted workers across teams and!-->…
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Zomato unveils India’s 1st crowd-supported weather infrastructure, offers free access
New Delhi, May 8 (IANS) Online food delivery platform Zomato's co-founder and CEO, Deepinder Goyal, on Wednesday unveiled India's first crowd-supported weather infrastructure, which would provide localised, real-time information on key!-->…
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Hero MotoCorp posts 18 per cent rise in Q4 net profit, declares dividend of Rs 40 per share
New Delhi, May 8 (IANS) Two-wheeler giant Hero MotoCorp on Wednesday reported an 18.4 per cent increase in its standalone net profit at Rs 1,016 crore for the January-March quarter of 2023-24, on the back of robust sales and higher selling!-->…
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Sensex, Nifty end flat after another volatile session
Mumbai, May 8 (IANS) The stock market saw another volatile session on Wednesday, with the Sensex ending 45 points lower at 73,466, and the Nifty ending flat at 22,302 without any changes.
During the session, the Sensex traded between!-->…
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Can Vijay Shekhar Sharma fix Paytm’s woes as he takes over the reins?
New Delhi, May 8 (IANS) The shares of Paytm have crashed about 50 per cent this year, amid high-profile exits, the RBI ban on certain businesses of Paytm Payments Bank Ltd (PPBL), and fresh reports about some lending partners revoking loan!-->…
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BMW earnings hit by model change, lower profits on e-auto sales
Munich, May 8 (IANS/DPA) German car manufacturer BMW made less profit in the first quarter despite a good run with expensive models and an increase in sales, the company reported on Wednesday.
BMW earnings before interest and taxes dropped!-->…
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Ex-Tesla executives-led DG Innovate enters India in joint venture with EVage Motors
New Delhi, May 8 (IANS) DG Innovate, a UK-based advanced research and development company led by former executives of Tesla, on Wednesday announced its entry in India through a joint venture (JV) with the electric truck firm EVage Motors.!-->…
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