Business News

Govt-NUSI ink MoUs for Rs 225 Cr benefits to seafarers

Govt-NUSI ink MoUs for Rs 225 Cr benefits to seafarers

Mumbai, March 2 (IANS) In a third major achievement in 3 months, the National Union of Seafarers of India (NUSI) signed six memorandums of understanding (MoUs) with the Centre to extend various benefits worth Rs 225-crore to the 4,00,000 Indian seafarers across all categories, a top unionist said he...

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Petrol, diesel prices unchanged for 3rd straight day

Petrol, diesel prices unchanged for 3rd straight day

New Delhi, March 2 (IANS) The rise in the prices of petrol and diesel has paused for the last three days as oil marketing companies (OMCs) have decided to wait and watch the developments on global oil market before finalising their India retail strategy.The OMCs kept the pump price of petrol and die...

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Hotels witnessed RevPAR decline in Jan: Report

Hotels witnessed RevPAR decline in Jan: Report

New Delhi, March 2 (IANS) As the Indian hospitality sector is yet to recover completely from the pandemic-induced slowdown, the revenue per available rooms (RevPAR) of hotels in the country declined by 4-6 per cent in January on a month-on-month (MoM) basis, said a report by HVS and Anarock.The RevP...

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Flipkart Grocery now available in over 50 cities

Flipkart Grocery now available in over 50 cities

Bengaluru, March 2 (IANS) Flipkart on Tuesday said it has expanded its grocery services to more than 50 cities via Marketplace, and aims to reach over 70 cities in the next six months.Flipkart's grocery business has witnessed 3 times growth in the last one year and the expansion will boost market li...

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Argoid to build on its technology, grow customer base

Argoid to build on its technology, grow customer base

New Delhi, March 2 (IANS) AI enterprise Argoid plans to further build on its technology to increase its customer base along with sustaining product leadership positioning with its latest fund raiser of $1.7 million, according to a company statement.It has raised $1.7 million in a seed round led by Y...

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IBM eyes Indias public sector for Hybrid Cloud growth

IBM eyes Indias public sector for Hybrid Cloud growth

New Delhi, March 2 (IANS) In a bid to empower the public sector enterprises in India, tech company IBM on Tuesday announced it has achieved a full cloud service provider (CSP) empanelment from the Ministry of Electronics and IT (MeiTY).The company said that the MeitY empanelment will enable the Indi...

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Zoom revenue up 369%, set for strong growth

Zoom revenue up 369%, set for strong growth

San Francisco, March 2 (IANS) Riding on work-from-home scenario in the pandemic, video collaboration and chat platform Zoom has reported a staggering 369 per cent rise in its quarterly revenue at $882.5 million.Net Income for the fourth quarter was $260.4 million, or $0.87 per share, the company ann...

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Sensex opens 400 points higher, reclaims 50,000

Sensex opens 400 points higher, reclaims 50,000

Mumbai, March 2 (IANS) The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex surging over 400 points.Sensex opened at 50,258.09, higher by 408.25 points from its previous close of 49,849.84 points.Healthy buying was witnessed in IT, oil and gas and banking stocks.The...

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No compromise on quality standards: Goyal

No compromise on quality standards: Goyal

New Delhi, March 2 (IANS) Union Consumer Affairs and Food and Public Distribution, Railway and Commerce and Industries Minister Piyush Goyal while presiding over the third Governing Council meeting of the Bureau of Indian Standards (BIS) said that there will be no compromise with the quality standar...

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Delhi govt delists Tata Nexon EV XZ+ from subsidy under EV policy (Ld)

Delhi govt delists Tata Nexon EV XZ+ from subsidy under EV policy (Ld)

New Delhi, March 2 (IANS) The Delhi government on Monday announced that it has suspended the subsidy given under its electric vehicle (EV) policy to Tata Nexon EV XZ+ vehicles. The delisting came after receiving complaints from an owner of the said model.According to the Delhi government, the compla...

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