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Saturday, August 3, 2024

Delay to Nvidia's new AI chip could affect Microsoft, Google, Meta, the Information says



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Adani cement unit to invest Rs 1,600 crore in Bihar

"The investment is a testament to Bihar's growth potential and our commitment to fostering sustainable development for the people of the state. The cement will be easily available in the state after the completion of plant," Nitish said.

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Rs 32,000 crore Infosys tax row set for swift closure

The move follows the swift intervention of the finance ministry to quell the outrage among businesses without denting business sentiment, as India Inc rallied behind Infosys as a show of strength against the wrongful interpretation of the law.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DbzIZvR

SBI net up 1% to Rs 17,000 crore, higher than RIL's for 2nd straight quarter

The net profit of the country's largest bank is higher than that of Reliance Industries which totalled Rs 15138 crore. This marks the second consecutive quarter in which SBI has outperformed RIL, a company that has long held the title of the most profitable in the country.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Rd39EW

Friday, August 2, 2024

32,000 crore Infosys tax controversy may not drag on for too long

While Infosys will respond to the pre-show cause notice from Directorate General of GST Intelligence (DGGI), it is unlikely to rush to court until fresh action is initiated by the agency, sources familiar with the plan told TOI.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LTmp0yb

Thursday, August 1, 2024

Sensex hits 82,000, Nifty 25,000 for 1st time as US rate cut nears

The day's session started on a high note with the sensex rallying to an intraday high at 82,129 points while Nifty recorded its all-time high at 25,078 points.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4DJcZo1

Wednesday, July 31, 2024

Ransomware strike hits bank services: 200+ cooperative, rural banks face outage after malware attack

Over 200 cooperative and regional rural banks faced outages due to a ransomware attack on their core banking provider, C-Edge Technologies. NPCI temporarily isolated C-Edge from its payment system to mitigate the impact. Restoration efforts are ongoing, with security reviews and forensic audits being conducted to ensure a swift resolution.

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Top banks to get lion's share of UPI fees

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BGzsKkA