NEWS
US Fed keeps rates steady to tame inflation
03 May 2024
The Federal Open Market Committee (FOMC) of the US Federal Reserve at its meeting on Thursday decided to maintain the Federal funds rate at 5.25 to 5.50 per cent, for a sixth consecutive time, saying there is no scope for a rate cut until inflation rate moves towards the 2 per cent level.
Greaves Electric Mobility launches high-performance family e-scooter Ampere Nexus
03 May 2024
Greaves Electric Mobility Private Limited (GEMPL), the electric two-wheeler manufacturing unit of engineering form Greaves Cotton Limited, on Tuesday announced the launch of its high-performance family electric scooter, Ampere Nexus.
Novartis to acquire US-based Mariana Oncology in $1.75 bn deal
03 May 2024
Swiss drug maker Novartis has agreed to acquire US-based Mariana Oncology in a deal worth $1.75 billion, as the company seeks advance the development of precision treatment for cancer.
India’s GST revenue crosses Rs2-lakh cr in April 2024
02 May 2024
India’s gross revenue collection by way of Goods and Services Tax (GST) exceeded the Rs2 lakh crore-mark for the first time in April 2024, the opening month of the current fiscal, hitting a record Rs2.10 lakh crore.
India flight-tests missile-based torpedo system for submarines
02 May 2024
India on Wednesday announced the successful flight test of a Supersonic Missile-Assisted Release of Torpedo (SMART) system that would give a big boost to Indian Navy’s anti-submarine warfare capability.
Godrej family announces formation of 2 groups
02 May 2024
The 127-year-old diversified Godrej Group on Wednesday announced a formal division into two separate groups – one controlled by brothers Adi Godjej and Nadir and the other by their cousins Jamshyd Godrej and Smita Godrej.
Nestle says an extra bit of sugar in Cerelac won’t harm the baby
02 May 2024
Nestle India has sought to defend the extra sugar in its baby food `Cerelac’ sold in India, blaming it on the guidelines prescribed by regulators in this country versus regulators in other countries.
RBI asks lenders to be fair and transparent in dealing with borrowers
30 Apr 2024
Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing of loans.
Chevron, Hess expect to complete merger this year despite dispute over Guyana oil bloc
30 Apr 2024
US multinational oil and gas company Chevron Corporation and its lesser peer Hess Corporation are reported to be going ahead with their planned merger despite arbitral proceedings launched by Exxon Mobil Corp over the ownership of Stabroek oil block in Guyana.
Elon Musk secures Baidu-Tesla deal on self-driving vehicles: report
30 Apr 2024
Tesla CEO Elon Musk is reported to have clinched a key deal with Chinese car maker Baidu for collaboration in self-driving vehicles, clearing the way for incorporating advanced assisted driving technology in Tesla vehicles.
IREDA granted `Navratna’ status
29 Apr 2024
State-owned Indian Renewable Energy Development Agency (IREDA) has been granted 'Navratna' status by the Department of Public Enterprises, the company stated in a stock exchange filing on Friday.
Chinese industrial goods accounted for 30% of India’s 2023-24 imports: GTRI report
29 Apr 2024
China's share in India's industrial goods imports jumped to 30 per cent in 2023-24 from 21 per cent over the 15-year period between 2008-09 and 2023-24, as per a report published by Global Trade Research Initiative (GTRI).
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