Financial News

GE Power India board meeting for second quarter (Q2) result consideration Riya Majumder Wed, 23/10/2019 - 14:00

GE Power India Limited NSE Symbol:GEPIL, BSE Security Code:532309 has informed the stock exchange that, meeting of the Board of Directors of the company will be held on Monday, 4th November, 2019 to consider, approve and take on record the un-audited consolidated financial result of the company for the second quarter (Q2), from the month of July, 2019 to the month of September, 2019 for the fiscal year 2019-20.

UP plans to increase millet production INN Thu, 23/03/2023 - 18:50

 In order to promote production and consumption of millets, the Uttar Pradesh government is planning to replace around 17 per cent of the area under paddy (rice) cultivation with millets and oilseeds in the coming years.

Uttar Pradesh is the second largest producer of rice in the country (15 million MT), has 60 lakh hectares of land under paddy cultivation across 70 districts.

Leading job portal Indeed lays off 2,200 employees, CEO 'heartbroken' INN Thu, 23/03/2023 - 18:49

Call it ironic but leading job portal Indeed that helps thousands land their dream jobs has itself laid off 2,200 employees, or 15 per cent of its workforce.

An 'heartbroken' Indeed CEO Chris Hyams announced that job cuts come from nearly every team, function, level and region at Indeed and Indeed Flex.

"We anticipate we will be letting approximately 2,200 people go. This is roughly 15 per cent of our team. The specific decisions on who and where to cut were extremely difficult, but they were made with great care," he said in a blog post late on Wednesday.

Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026 INN Thu, 23/03/2023 - 18:47

As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, a report showed on Thursday.

UPI recorded the biggest year-on-year growth of 74.1 per cent in transaction volume as of January 2023 and digital wallets grew from 5 per cent in 2019 to 35 per cent of POS value in 2022 stimulated by UPI, according to the '2023 Global Payments Report' by global financial technology leader FIS.

Govt to seek Parliament's approval for union budget today INN Thu, 23/03/2023 - 18:45

 Amid continued disruptions in proceedings of both houses of Parliament with both ruling BJP and opposition Congress refusing to climb down from their positions, the government will try to get the budget passed in Parliament on Thursday.

While the Congress is seeking a joint parliamentary committee probe in the Adani matter, the BJP has disrupted proceedings, seeking Congress MP Rahul Gandhi's apology over his remarks on democracy in London.

Logitech lays off 300 employees as computer accessories sales drop INN Thu, 23/03/2023 - 18:43

 Swiss technology firm Logitech has laid off 300 employees amid the challenging global macro-economic environment, the media reported on Thursday.

In a major global reorganisation, the maker of computer accessories has decided to cut about 300 jobs, reports People Matters.

According to Logitech President and CEO Bracken Darrell, the slump in the business was due to challenging global broader macroeconomic environment and "lower enterprise and consumer spending".

Now sync your air travel with Uber via email integration in India INN Thu, 23/03/2023 - 18:41

Ride-hailing major Uber on Thursday introduced a new feature where riders in India can opt to sync their air travel plans with the platform via email integration.

The new feature helps riders pre-book their rides, while being assisted with pre-filled dates and times on their Uber app, corresponding to their flight, saving them the hassle of booking a trip at the last moment.

The new feature is an opt-in, and will require riders to sync their email IDs with their Uber app to be able to access it, the company said in a statement.

Earth Hour: BRPL, BYPL urge 48L consumers to 'switch-off' lights on Mar 25 INN Thu, 23/03/2023 - 18:39

Owing to Earth Hour on March 25 from 8.30 p.m. to 9.30 p.m., the power discoms -- BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) -- have urged its consumers to switch off their electrical appliances and non-essential lighting fixtures on Saturday.

Earth Hour is an initiative of the World Wildlife Fund (WWF) which was started in 2007.

East Central Railways collects fines amounting to Rs 54 lakh in 16 hours INN Thu, 23/03/2023 - 18:34

During a 16-hour mega ticket checking campaign, the East Central Railways collected Rs 54 lakh in fines from passengers travelling without tickets in Bihar's Samastipur Railway Division.

The Railways had deployed 152 ticket checking staff in different teams in the campaign, which was organised on March 21 from 6 a.m. to 10 p.m.

The fines were collected from 7,289 passengers at different stations in Bihar such as Samastipur, Darbhanga, Saharsa, Raxaul, Narkatiaganj, Bapudham Motihari, Jaynagar and Sitamarhi among others.

Global IT services firm Accenture slashes 19K jobs, tech mayhem deepens INN Thu, 23/03/2023 - 18:31

Global IT services firm Accenture, which has a large presence in India, on Thursday announced to lay off nearly 19,000 employees amid the challenging global macro-economic conditions and slow revenue growth.

Delivering its quarterly results for the second quarter of fiscal 2023, the company also reduced its annual revenue growth and profit forecasts.