Business news

Amazon sued over slow deliveries to low-income areas in US

The attorney general of the US District of Columbia sued Amazon, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically lower-income neighbourhoods.

Dec 5, 2024

Sensex, Nifty close at all-time high, led by metal and auto shares

Bulls take charge of Dalal Street, Sensex zooms 809 points before MPC announcement

Frontline equity indices ended in green amid volatile sessions on Thursday as buying was seen in the heavyweights IT counters.

Dec 5, 2024

Indian hosiery makers to clock 10-12 pc revenue growth in FY25

The revenue of Indian hosiery makers is projected to increase 10-12 per cent (year-on-year) this fiscal following a revival in rural demand, volume support from the export market and robust modern trade sales, a report showed on Thursday.

Dec 5, 2024

Adani Defence hands over 2nd Drishti-10 drone to Indian Navy to enhance maritime security

In a bid to boost the country's maritime surveillance capabilities, Adani Defence and Aerospace has handed over a second Drishti-10 Starliner surveillance drone to the Indian Navy.

Dec 4, 2024

India's trade grew 5.45 pc in H1 2024 to $576 billion: NITI Aayog

India's trade performance demonstrated stability and moderate growth during the first quarter of the current financial year.

Dec 4, 2024

Indian stock market opens flat, PSU bank shares lead

Indian stock market ends in green, all eyes on RBI's MPC decision

The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday.

Dec 4, 2024

Zepto CEO credits govt's role for India's startup growth

Reddit post accuses Zepto of toxic work culture; CEO replies

Aadit Palicha, Co-founder and CEO of Zepto, on Wednesday said he is not against work-life balance and even recommends it to his competitors.

Dec 4, 2024

Ericsson Secures Multi-Billion 5G Deal with Bharti Airtel

Ericsson, the global telecommunications giant, has secured a multi-billion-dollar deal for 4G and 5G extension from Bharti Airtel for its operations in India. This deal is a part of a multi-year agreement for 4G and 5G RAN products and solutions.

Dec 4, 2024

IndiGo refutes report which rated it among world's worst airlines

Low-cost airline IndiGo on Wednesday refuted findings of a report which claimed that IndiGo has been ranked among the world's worst airlines this year.

Dec 4, 2024

Bull rally takes valuation of BSE-listed companies above Rs 450 lakh crore

With the ongoing rally in the Indian stock market, Bombay Stock Exchange (BSE) listed companies' market cap has once again crossed Rs 450 lakh crore.

Dec 4, 2024

Sensex closes up by 236 pts, NTPC and Kotak Mahindra Bank top gainers

Indian stock market opens in green, Nifty above 24,500

The Indian stock market opened in green on Wednesday, as buying was seen in the public sector enterprise (PSE) and IT sectors in early trade.

Dec 4, 2024

White collar hiring in India grows 6 pc in Oct-Nov, non-IT sectors lead

White collar hiring in India grew 6 per cent in the festive season (October and November), driven by strong growths in key non-IT sectors.

Dec 3, 2024

Sensex trades higher before RBI MPC outcome

Sensex surges 597 points, Adani Ports top gainer

The Indian benchmark equity indices, Sensex and Nifty closed in the green on Tuesday as heavy buying was seen in PSU Bank and media sectors at the end of trading.

Dec 3, 2024

India's domestic air passenger traffic reached 132.3 lakh in Sep, 81 pc YoY growth

India's domestic air passenger traffic to see 7-10 pc growth in FY25

India is projected to see 7-10 per cent growth (year-on-year) in domestic air passenger traffic at 164-170 million in FY25, according to a report on Tuesday.

Dec 3, 2024

India's industrial & logistics construction to exceed 60 million square feet: Report

India's rapid urbanisation, robust infrastructure development, and economic growth have collectively driven significant demand, boosting construction activity in the industrial and logistics sector and supply, which is projected to surpass 60 million square feet annually over the next 3-4 years

Dec 3, 2024