Business

Government sources have confirmed that spectrum for mobile services will continue to be allocated through auctions in India, with administrative allocation reserved for limited use cases such as communication for space and satellite…

HDFC Bank, one of India's leading private sector banks, has reported a significant development in its financial provisions related to alternative investment funds (AIFs). The bank recently announced a write-back of approximately Rs 200…

In its latest monthly oil market report, the Organisation of Petroleum Exporting Countries (OPEC) has painted a positive picture for India's oil demand, projecting a significant surge in growth for the year 2024. According to OPEC's…

Wall Street witnessed a jubilant close on Friday as stocks surged following a robust jobs report, instilling fresh confidence in the economy. The Dow Jones Industrial Average soared by 307.06 points, representing a substantial gain of…

The Union government announced on April 3 a significant increase in windfall tax on crude petroleum, raising it to Rs 6,800/tonne from Rs 4,900/tonne. The new rates will come into effect from April 4, impacting the petroleum industry.…

HDFC Bank has announced its intention to divest its 100% stake in HDFC Education and Development Services, utilizing the Swiss challenge method. The private lender has entered into a binding term sheet with an interested party, which will…

Maruti Suzuki India Limited has announced a significant investment of over Rs 1.99 crore in Amlgo Labs Private Limited, a technology-driven startup specializing in data analytics, cloud engineering, machine learning (ML), and artificial…

Microsoft Corporation has made a strategic move in the realm of artificial intelligence (AI) by appointing Mustafa Suleyman to lead its consumer AI business. Suleyman, renowned for co-founding Google's DeepMind, will now oversee a spectrum…

Dr Agarwals Healthcare, the parent company of Dr Agarwals Eye Hospital, is gearing up for a significant move in the financial world. The healthcare giant has initiated plans to launch an initial public offering (IPO) aiming to raise…

In a bid to foster stronger economic ties between India and Australia, Nasscom, India's premier IT industry body, has inked a significant pact with Australian industry counterpart Business NSW. The agreement aims to streamline market…