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The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Fed officials, led by Chair Jerome Powell, have cut their rate for three meetings in a row, to about 4.3%, from…
Read More “Federal Reserve expected to stand pat on rates even as Donald Trump demands cuts” »
Zoho Corporation CEO Sridhar Vembu stepped down to focus on the company’s research and development initiatives as its Chief Scientist. | Photo Credit: The Hindu Global technology firm Zoho Corporation CEO Sridhar Vembu has stepped down from the post to focus on the company’s research and development initiatives as its Chief Scientist. The company’s co-founder…
Read More “Zoho Corporation CEO Sridhar Vembu steps down to focus on R&D as Chief Scientist” »
A view of the Indian Oil Corporation terminal. Photo used for representation purpose only. | Photo Credit: G.N. Rao Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Monday (January 27, 2025) reported a 64% drop in its December quarter net profit as inventory and foreign exchange losses eroded gains from record fuel sales….
Read More “IOC posts record fuel sales but inventory losses tank Q3 profit by 64%” »
The broader 50-share Nifty dropped by 263.05 points or 1.14% to close at 22,829.15, tanking below the 23,000-level for the first time since June 6, 2024. File | Photo Credit: PTI Benchmark BSE Sensex tanked 824 points to settle at a fresh seven-month low on Monday (January 27, 2025) following heavy selling in IT and…
Read More “Sensex plunges 824 points to 7-month low as IT, oil, gas shares tank” »
The company has expanded its rural coverage to 43,000 towns as of December 2024, up from 5,000 in March 2022. File | Photo Credit: Reuters Adani Wilmar on Monday (January 27, 2025) posted over a twofold jump in consolidated net profit at ₹410.93 crore for December quarter 2024-25 on strong edible oil sales. The company…
Read More “Adani Wilmar Q3 profit more than doubles to ₹411 crore” »
Srivats Ram, MD, Wheels India Ltd | Photo Credit: Special Arrangement Wheels India Ltd for the third quarter ended December 31, 2024, reported net profit of ₹22.57 crore compared with ₹12.58 crore in the year ago period, up 79%. The company during the quarter registered revenues of ₹1,058 crore as compared with ₹1,131 crore in…
Read More “Wheels India Q3 net profit surges 79% to ₹22.57 crore, revenue down 6%” »
Accusing the Modi government of perpetuating a policy of indifference to the plight of MGNREGA workers, the Congress on Monday (January 27, 2025) demanded that the Union Budget must increase MGNREGA wages and the Aadhar-Based Payment Bridge Systems not be made mandatory. The Opposition party demanded that MGNREGA wages be increased with the goal of…
Read More “Union Budget 2025: MGNREGA wages must be increased to ₹400 per day, says Jairam Ramesh” »
News agency ANI filed a lawsuit against OpenAI in 2024. File | Photo Credit: Reuters Digital news units of billionaires Gautam Adani and Mukesh Ambani, and other outlets such as TheIndian Express and the Hindustan Times, have mounted a legal challenge against OpenAI’s improper use of copyright content, legal papers show. The filing of the…
Read More “OpenAI to face digital news firms of Mukesh Ambani, Gautam Adani in copyright battle” »
According to exchange data, FIIs offloaded equities worth ₹2,758.49 crore on Friday (January 24, 2025). File photo | Photo Credit: PTI Equity benchmark indices, Sensex and Nifty, declined in early trade on Monday (January 27, 2025), dragged down by losses in Telecom and Industrials stocks amid muted global market trends. Also, the continuous foreign…
Read More “Markets fall in early trade, dragged down by Telecom stocks, weak global cues” »
The rupee depreciated 22 paise to 86.44 against the US dollar in early trade on Monday (January 27, 2025), weighed down by the strength of the American currency in the overseas market and a muted trend in domestic equities. Forex traders said the Indian rupee gained on Friday (January 24, 2025) but opened on a…
Read More “Rupee falls 22 paise to 86.44 against US dollar in early trade” »