The stock market experienced a day filled with fluctuations, with indices attempting to turn green at one point but ultimately closing in the red. The Sensex, India’s benchmark index, ended 198.97 points lower, settling at 66,209.42, while the Nifty concluded the day 59.70 points down, closing at 19,734.30. Market sentiment was mixed, with […]
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Reliance Jio ahead of peers in Fixed Wireless Access deployment: Emkay Global
Reliance Jio is relatively ahead of its peers in preparing for fixed wireless access (FWA) deployment because of its wider 5G coverage, availability of wider-spectrum bands including 700MHz, and improved fibre infrastructure, among others, said Emkay Global Financial Services in a report. Stating that Reliance Jio has already committed to a USD 25 billion investment […]
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“System has adequate currency notes, no reason to worry”: RBI Governor on move to withdraw Rs 2000 notes
Noting that there is no reason for worry over the move to withdraw Rs 2000 notes, which continue as legal tender, Reserve Bank of India Governor Shaktikanta Das has said the central bank has “more than adequate” notes of other denominations available. There has been some speculation that the decision to withdraw […]
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Reliance unveils India’s first hydrogen combustion engine technology for heavy-duty trucks
Reliance Industries Limited (RIL) on Monday unveiled India’s first Hydrogen Internal Combustion Engine technology solution for heavy-duty trucks flagged off by Prime Minister Narendra Modi at the India Energy Week in Bengaluru. A RIL release said that the Hydrogen Internal Combustion Engine (H2ICE)-powered trucks will emit near zero emissions, deliver performance on par with conventional […]
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Mutual funds up stake in Paytm, more retail investors jump on board as firm promises profitability
It has been just over a year since India’s mobile payments and Quick Response (QR) pioneer Paytm made its debut on the stock market and the company has made quite an impression. The initial public offering (IPO), which was the largest in the country’s history, drew attention from investors far […]
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GM Modular is all geared up to unveil “Showroom on the wheels” at Acetech Hyderabad 2023!
GM Modular is all set to roll out its trailblazing and one-of-a-kind initiative ‘Showroom on wheels’ at Hyderabad Acetech from the 20th to 22nd of January 2023. This showroom on wheels is a state-of-the-art bus fully equipped with the latest innovations like designer switches, decor lighting, home automation solutions and more […]
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RBI’s services, infra outlook survey to assess business situation of fourth quarter of FY23
The Reserve Bank of India has launched the 36th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for January-March 2023. The survey assesses the business situation for the current quarter (Q4:2022-23) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2023-24) based on qualitative responses […]
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Human resources staffers at Amazon are seeking jobs themselves as a result of layoffs
It is more convenient to get hired instead of waiting for job cuts in tech, finance, and other industries When job cuts are imminent, career cushioning involves lining up a backup plan while still working. Usually, this is done discreetly during lunch – perhaps a networking call or reconnecting with […]
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Global Auto Giant Japan praises Indian Auto Fair
As Auto Expo 2023 got off to a rousing start in the national capital on Friday, showcasing electric vehicles (EVs) by more than 70 domestic and international automakers, Japan praised India’s focus in the EV segment as part of its effort to reduce vehicular pollution. EVs are at the centre […]
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Auto Expo 2023: Tata Power to set up 25k EV charging points across India
Leading EV charging solutions provider Tata Power on Friday said it has started a nationwide plan of setting up 25,000 electric vehicle (EV) charging points across the country to support faster adoption of e-mobility over the next five years. The company is showcasing its range of hi-tech electric vehicle charging […]
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Auto Expo 2023: Meta, FADA forge partnership to enable dealerships to reach customers digitally
Meta on Wednesday announced that it entered into a strategic partnership with the Federation of Automobile Dealers Associations (FADA) to digitally enable thousands of auto dealers across the country to reach consumers digitally. The announcement came at the Auto Expo 2023, where Meta announced the launch of ‘Move with Meta’, […]
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Jio Cinema to broadcast free IPL 2023
Viacom18, a Reliance venture, purchased digital media rights for the 2023-2027 seasons of IPL for Rs 23,758 crore last year. Viacom18 will be the LIVE streaming partner of the Indian Premier League in 2023 , which will be BIGGER and BOLDER. In a significant development, the official partner will stream IPL Season […]
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Jack Ma to give up control of Chinese fintech giant Ant Group
Chinese magnate Jack Ma will no longer be the controlling person of Ant Group, the Wall Street Journal reported on Saturday, citing a statement put out by the Chinese fintech giant. The changes are made to reduce Ant’s reliance on the flamboyant Chinese billionaire, who co-founded Alibaba Group Holding and helped create Ant, the Journal reported previously. […]
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India surpasses Japan to become 3rd largest auto market globally
India eclipsed Japan in auto sales last year, according to the latest industry data, making it the third-largest auto market for the first time, Nikkei Asia reported on Friday. India’s sales of new vehicles totalled at least 4.25 million units, based on preliminary results, topping the 4.2 million sold in Japan. New vehicles delivered in India totalled 4.13 million between January and November […]
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Govt amends motor rules to set up regulatory ecosystem for pre-owned car market
The ministry of road transport and highways on Wednesday said it amended Chapter III of Central Motor Vehicle Rules, 1989, to build a comprehensive regulatory ecosystem for the pre-owned car market. The key provisions of the proposed rules included an authorisation certificate for the dealers of registered vehicles, which has been introduced to identify the authenticity […]