Month: February 2023

India Inc’s operating profit margin narrowed by a sharp 2.37 per cent in the December quarter to 16.3 per cent on an annual basis due to inflation and rising energy … Read More

The Indian rupee declined against the dollar on Monday, as Asian currencies fell on the prospect of the U.S. Federal Reserve hiking interest rates further and for longer. The rupee … Read More

Stock indices ended lower for the seventh straight day today. Sensex, Nifty erased some of the intraday losses but still closed lower. BSE Sensex closed 117 points down at 59,345, … Read More

Air India said on Monday it plans to fund its $70 billion order for a record 470 aircraft with internal cash, equity and through sale-and-leasebacks, as the airline seeks to … Read More

Chinese internet giant Tencent Holdings has set up a development team to work on a ChatGPT-like chatbot, two people familiar with the matter told Reuters. The product, to be called … Read More

In a post-Budget webinar on “Reaching the last mile”, PM Modi said his government is launching a special mission for the most deprived among the tribals | The Hindu

A clash between Big Tech and European Union telecoms firms over who will underwrite network infrastructure is set to dominate discussion at the world’s largest telecoms conference this week. More … Read More

Indian shares fell on Monday, dragged by I.T. stocks, with the benchmark Nifty slipping below a key long-term average for the first time in over four months after U.S. data … Read More

Apparel retailer Fabindia said it has withdrawn its 40 billion rupee ($482.43 million) initial public offering (IPO) due to rough market conditions, becoming the latest company to shelve listing plans … Read More

Stock indices began the trade with losses today in tandem with a downward trend in global markets amid concerns over a prolonged high-interest rate regime by the US. Foreign fund … Read More