NEW DELHI: Market valuation of six of the top-10 most valued companies increased Rs 86,847.88 crore in last week, with HDFC Bank and Reliance Industries leading the gains amidst positive market sentiment. The BSE Sensex increased by 657.48 points or 0.84 per cent during this period, while the Nifty advanced by 225.9 points or 0.95…
NEW DELHI: Billionaire Mukesh Ambani‘s Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in…
NEW DELHI: India’s electronics industry is on the brink of a transformative phase as it targets USD 500 billion in manufacturing output by 2030, according to TeamLease report.Achieving this goal will require the sector to expand fivefold in the next five years, addressing a USD 400 billion production gap. Presently, the industry’s domestic production stands…
MUMBAI: India’s current account deficit narrowed to 1.2% of GDP in Q2 FY25, slightly below the 1.3% in the year-ago period, according to RBI data. This was despite significant worsening of the trade deficit. In absolute terms, the CAD declined to $11.2 billion in Q2 FY25 from $11.3 billion in the same period last year,…
Hybrid work models, a focus on mental health, advancements in DEI (diversity, equity, and inclusion), and AI integration in recruitment, performance, and engagement will shape the future of HR. As businesses adapt to these changes, hiring will increase, driven by the growth of GCCs (global capability centres) and KPOs (knowledge process outsourcing) in India, creating…
NEW DELHI: If anyone can stake claim to putting India on four wheels and producing the people’s car Maruti 800, it is Osamu Suzuki, known for his hard-nosed business acumen as much as his no-nonsense attitude and frugal mindset.Suzuki (senior advisor, Suzuki Motor Corporation and former chairman, Suzuki Motor corp), who died on Dec 25…
MUMBAI: Travel solutions provider InterGlobe Air Transport Limited has been designated as the exclusive General Sales Agent (GSA) by Oman Air for the entire territory of India.A GSA works as a third-party sales representative for an airline in a country in a region and it handles air ticket and cargo sales, manages operations, develops strategies…
NEW DELHI: India’s foreign exchange reserves declined by $8.478 billion to settle at $644.391 billion for the week ending on December 20, according to the Reserve Bank of India (RBI) on Friday.This marks a continued slide after a $1.988 billion drop in the previous week, bringing reserves to a six-month low of $652.869 billion, news…
MUMBAI: The year-end travel surge is on, but what separates this year from the pre-Covid times is the number of foreign destinations that offer free visas or visa-on-arrival to Indian tourists. Gone are the day when a last-minute plan to go on a holiday meant flying to Goa. With a number of countries relaxing their…
NEW DELHI: Reserve Bank of India (RBI) on Friday said that users of prepaid payment instruments (PPIs) can now make and receive Unified Payments Interface (UPI) transactions from and to full-KYC-compliant PPIs via third-party mobile applications, expanding the scope of digital payment services, as stated in their circular.“A PPI issuer shall enable holders of only…
