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NEW DELHI: The traditional PC market in India, comprising desktops, notebooks, and workstations, grew 2.6 per cent to 30.7 lakh units in the March quarter, market research firm International Data Corporation said on Thursday. HP led the personal computer (PC) market with a 30.1 per cent share despite an...
NEW DELHI: State-owned gas utility GAIL (India) Ltd on Thursday reported more than tripling of its fourth quarter net profit after natural gas transmission and petrochemical business saw a turnaround. Its standalone net profit of Rs 2,176.97 crore in January-March — the fourth quarter of 2023-24 — was 261...
NEW DELHI: Air passenger traffic in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period, rating agency Icra said on...
NEW DELHI: Samco Asset Management expects to mop up Rs 500 crore from its new fund offer that tracks long-term capital growth through undervalued or overlooked opportunities, a top company official said on Thursday. The new fund offering (NFO) would open on May 17 and conclude on May 31....
NEW DELHI: The government is considering a change in the base year for key economic indices to FY23, as well as a revamp of several datasets, to better capture structural changes in the economy, said people aware of deliberations on the matter. Measures such as the Index of Industrial...
India has become the data centre leader in the Asia-Pacific (excluding China), having overtaken Singapore, Australia, South Korea, Japan and Hong Kong on installed capacity, reflecting the burgeoning demand for data in the world’s fastest-expanding major economy. With installed capacity of 950 MW and anticipated addition of a further...
NEW DELHI: Disruptions caused by geopolitical tensions, such as the Red Sea crisis, and softer commodity prices dragged down the value of India’s goods exports to a five-month low in April. Data released by the commerce department showed that the country’s merchandise exports grew merely 1.07 per cent year-on-year...
MUMBAI: The State Bank of India (SBI) has hiked interest rate on retail term deposits by 25-75 basis points for deposits up to 1 year, giving further push to competition for raising resources. The revised rates for deposits came into effect from May 15, 2024. In the retail term...
NEW DELHI: India’s unemployment rate in urban areas fell sharply to 6.6% in FY24 from 7.2% in the previous year, helped by the smart growth in the economy. India’s economy is estimated to have grown at 7.6% last fiscal, as per the National Statistical Office’s (NSO) second advance estimates,...
NEW DELHI: India’s merchandise exports rose by 1 per cent to USD 34.99 billion in April even as the trade deficit widened to a four-month high of USD 19.1 billion during the month, according to government data. Healthy growth in sectors such as electronics, chemicals, petroleum products and pharmaceuticals...
NEW DELHI: Korean consumer electronics major LG will continue to introduce products in the home entertainment segment tailored for India to maintain its leadership position, according to senior company officials. LG Electronics India, which on Wednesday launched 55 AI-enabled television models, expects to grow 25-30 per cent this year...
NEW DELHI: More than half of Gen Zs and two-thirds of millennials globally are optimistic about the economic and social situation of the country and expect it to improve further, a Deloitte survey said on Wednesday. Both generations are optimistic about GenAI and its potential benefits in improving the...
NEW DELHI: Life Insurance Corporation (LIC) on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. Currently, Government holding in LIC is 96.50 per cent, while public holding is 3.50 per cent....
NEW DELHI: Shares of Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, made a flat market debut on Wednesday against the issue price of Rs 315. The stock listed at par with the issue price at Rs 315 on the NSE. It later hit a...
NEW DELHI: Wholesale inflation rose to a 13-month high of 1.26% in April compared with 0.53% in the previous month, as food inflation went up further and fuel and power prices increased on a year-on-year basis after a gap of 11 months, according to data released on Tuesday. “The...
NEW DELHI: Improved demand in the European Union, West Asia and the US has boosted export order books by at least 10% from six months before, companies said, signalling a possible recovery from last year. Leather goods, footwear, and apparel are driving demand but engineering goods shipments for new...
MUMBAI: India’s smartphone shipment grew by 11.5 per cent in the first quarter of calendar year (CY) 2024 on a year-on-year basis to 34 million units. This is the third consecutive quarter of growth in shipments, International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker said. However, the firm...
NEW DELHI: Public sector banks’ cumulative profit crossed Rs 1.4 lakh crore in the financial year ended March 2024, recording a growth of 35 per cent over the previous year on a high base of Rs 1 lakh crore. The 12 Public Sector Banks (PSBs) together had earned a...