Business
October 21, 2024
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Waaree Energies’ IPO taps into a 357% rally in renewable stocks in India

Waaree Energies Ltd is valued at $5 billion at the upper end of its price range of 1,427 rupees to 1,503 rupees. India’s largest solar-panel producer will open its $514 million initial public offering for orders on Monday, looking to capitalize on the world-beating rally in the nation’s renewable energy stocks this year.Waaree Energies Ltd […]

Top headlines
October 21, 2024
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Crorepati income tax filers soar 5x to 2.3 lakh in 10 years

NEW DELHI: The number of individuals disclosing over Rs 1 crore taxable income in their returns soared five times from 44,078 in assessment year (AY) 2013-14 (financial year 2012-13) to just under 2.3 lakh in AY2023-24 (FY2022-23), which may be a pointer to higher incomes and improved compliance. During the period, the number of tax […]

Business
October 20, 2024
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Saharanpur, Rewa, Ambikapur get wings with UDAN airports

Prime Minister Narendra Modi, Union civil aviation minister Kinjarapu Rammohan Naidu, UP CM Yogi Adityanath during the inauguration and foundation stone laying of various projects, in Varanasi. (PTI) NEW DELHI: Prime Minister Narendra Modi inaugurated airports developed under regional connectivity UDAN scheme at Madhya Pradesh’s Rewa, Chhattisgarh’s Ambikapur, and Uttar Pradesh’s Saharanpur on Sunday from […]

Business
October 20, 2024
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Automobile exports from India rise 14% in April-September period

NEW DELHI: Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units […]

Top headlines
October 20, 2024
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Meet the people driving billions of dollars in deals for Formula 1

CNBC introduces you to the characters driving billions of dollars in deals off the F1 circuit, in the first of episode of this season of ‘Inside Track: The Business of Formula 1.’ In the high-octane world of Formula One, success is driven by more than just talented drivers and engineers.  F1’s dealmakers have brokered billions […]

Business
October 20, 2024
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Network security leader, Datta, advocates for secure remote workforce in the era of work from home

Post-pandemic, remote work has become widespread, bringing significant security risks in accessing corporate resources from home. Attackers are exploiting employee devices and networks, which are now outside the organisational perimeter, to launch sophisticated cyberattacks, leading to data breaches and massive losses.Traditional solutions like Virtual Private Networks (VPNs) fall short, paving the way for the era […]

Business
October 19, 2024
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Senior citizen health cover, term insurance likely to be GST-free

NEW DELHI: A group of state finance ministers is veering towards GST exemption on term insurance plans, while also considering removal of the levy for senior citizens purchasing health insurance and for those who buy medical coverage of up to Rs 5 lakh.A second group of ministers (GoM) is looking at ways to minimise revenue […]

Business
October 19, 2024
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HDFC Bank net profit rises 5% to 16,821 crore for Q2 FY25

MUMBAI: HDFC Bank reported a 5% rise in standalone net profit to Rs 16,821 crore for Q2FY25, up from Rs 15,976 crore in the corresponding quarter last year. The bank’s total deposits increased by 15.06% year-on-year (YoY) to Rs 25,00,100 crore, with savings account deposits at Rs 6,08,100 crore, current account deposits at Rs. 2,75,400 […]

Top headlines
October 19, 2024
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Pro-Trump group funded by Musk struggles with outreach targets, inflation of door-knocking figures

The political action committee funded by billionaire Elon Musk to help re-elect former U.S. President Donald Trump is struggling in some swing states to meet door-knocking goals and is investigating claims that some canvassers lied about the number of voters they have contacted, according to people involved in the group’s efforts. The difficulties, in pivotal […]