Business

New Delhi: The growth of eight key infrastructure sectors slowed to a 14-month low of 3.8 per cent in December 2023, on account of poor performance of sectors like crude oil, electricity, steel and cement, according to the official data released Wednesday. The core sector...

New Delhi: iPhone maker Apple led India market with highest revenue in 2023 for the first time while Samsung topped the chart in terms of sales volume, market research firm Counterpoint Research said Wednesday. While India's smartphone shipments remained flat in 2023 at 152 million...

New Delhi: The Union government's fiscal deficit touched Rs 9.82 lakh crore or 55 per cent of the annual Budget target at December-end 2023, according to data released by the Controller General of Accounts (CGA) Wednesday. In the corresponding period last year, the deficit was...

Mumbai: The RBI Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. The Reserve Bank's action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report...

Mumbai: Benchmark equity indices climbed nearly 1 per cent Wednesday on buying in HDFC Bank and Reliance Industries. Investors are eyeing the two important events lined up ahead -- the interim budget and the US Fed interest rate decision -- to derive further cues from....

New Delhi: E-commerce major Flipkart Wednesday announced that it is gearing to roll out same day delivery of products across multiple categories in metro and non-metros cities. The move will see customers across cities, including Ahmedabad, Bangalore, Bhubaneshwar, Coimbatore, Chennai, Delhi, Guwahati, Hyderabad, Indore, Jaipur,...

San Francisco: Canada-based storytelling platform Wattpad has slashed nearly 15 per cent of its workforce in another round of layoffs conducted earlier this month. The company has laid off around 30 employees, TechCrunch reported, citing sources. The move is part of the company's restructuring plan...

New Delhi: Sun Pharmaceutical Industries Ltd Wednesday reported a 16.52 per cent rise in its consolidated net profit to Rs 2,523.8 crore in the third quarter ended December 31, 2023. The company had posted a consolidated net profit of Rs 2,166 crore in the year-ago...

New Delhi: Maruti Suzuki India Wednesday reported 33.27 per cent rise in consolidated net profit at Rs 3,206.8 crore for the third quarter ended December 31, 2023. The company had posted a net profit of Rs 2,406.1 crore in the year-ago period, Maruti Suzuki India...

New Delhi: India should not cut import duties for the automobile sector under free trade agreements (FTAs) with countries like the UK as it will adversely impact the sector and may result in closure of companies here, economic think tank GTRI said in a report...