Ahmedabad: Adani Ports and Special Economic Zone (APSEZ) on Thursday posted the highest-ever net profit at Rs 3,107 crore (up 47 per cent year-on-year) along with record EBITDA at Rs 4,848 crore for the quarter that ended June 30. The Adani Group’s flagship company...

Digital initiatives likely to triple India’s retail lending by 2030: ReportMumbai: Digitalisation has driven financial inclusion in India and government initiatives in this sector are estimated to triple retail borrowing to about $2.5 trillion, or about 34 per cent of...

Stock markets open in the green amid mixed global cuesMumbai: Equity benchmark indices climbed on Wednesday as the markets saw volatile trading amid buying in bank stocks in tandem with mixed global trends. Rallying for the fourth day running, the 30-share BSE Sensex...

Rupee rises 2 paise to 83.71 against US dollar in early tradeNew Delhi: The rupee rose 2 paise to 83.71 against the US currency in early trade on Wednesday following a marginal dip in the dollar in overseas markets. At the interbank currency exchange, the domestic...

Adani Energy Solutions raises USD 1 bn in share sale, first since HindenburgNew Delhi: Billionaire Gautam Adani-led group’s power transmission unit has raised USD 1 billion through a share sale, the first public equity raise by the conglomerate since a damning...

SEBI launches India’s 1st website for passive funds at NSE, unveils report on capital marketsMumbai: The Securities and Exchange Board of India (SEBI) on Tuesday launched India’s first website for passive funds at the National Stock Exchange (NSE), along with...

‘Excited for future collaborations’: Adani after meeting FedEx CEONew Delhi: Gautam Adani, Chairman of the Adani Group, on Monday had an “insightful meeting” with FedEx CEO Rajesh Subramaniam, adding that he is “excited” about future collaborations with the...

India-made telecom equipment now being exported to more than 100 nationsNew Delhi: Designed and manufactured in India, telecom equipment is now being exported to over 100 countries, the Centre has informed. Last year, the country exported telecom equipment and...

UltraTech to acquire India Cements; buy 32.72 pc promoters’ stake for Rs 3,954 crNew Delhi: Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal to expand its...

San Francisco: ChatGPT maker OpenAI has announced its foray into the search market dominated by Google, with launching SearchGPT which is an AI-powered search engine offering real-time access to information across the web. OpenAi said it is first launching the search...