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World / Zee Biz

Earthquake in Pakistan: 3.2 magnitude quake hits Karachi city

According to met department officials, the seismic activity originated from a depth of 12 kilometres and was felt notably in Quaidabad, Malir, Gadap and Saadi town areas all the outskirts where residents came running out of their homes.

25 Apr 2024 3:09 pm
Russia warns NATO nuclear facilities in Poland, says, 'could become military target'

Russian Deputy Foreign Minister Sergei Ryabkovwarned that NATO nuclear facilities, if permanently located on the Polish territory, will become a military target for Russia.In an interview with Russia's TASS news agency, he said that the approach of joint nuclear missions by NATO countries near Russian borders exacerbates security threats.

25 Apr 2024 1:18 pm
IBM acquires cloud software provider HashiCorp for $6.4 billion

HashiCorp's capabilities will drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting, the company said in a statement.

25 Apr 2024 10:11 am
UBS flags serious concern about new Swiss capital requirements

We are seriously concerned about some of the discussions related to additional capital requirements, UBS Chairman Colm Kelleher said at the bank's annual general meeting in Basel.

24 Apr 2024 3:10 pm
NATO drills near Russian border increase risks of military conflict: Russian spokesperson

The upcoming NATO exercises near the Russian border increase the risks of military incidents, Russian Foreign Ministry spokeswoman Maria Zakharova was quoted by local media as saying on Wednesday.

24 Apr 2024 1:34 pm
US new home sales rebound to six-month high; rising mortgage rates a concern

Economists polled by Reuters had forecast new home sales, which account for about 14per centof U.S. home sales, would advance by a rate of 670,000 units.

24 Apr 2024 12:00 pm
China's EV survival game creates peril - and power

The company's Shanghai design and engineering headquarters has the feel of an industrial WeWork space. Hundreds of engineers and designers share an open-plan office with long tables for 12 hour-days, six days a week.

24 Apr 2024 11:39 am
Shortages key to copper's upward price trajectory to new peaks

A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to enthusiasm for copper which this week hit a two-year peak at $9,988 a ton for a gain of 25 per cent since early October.

23 Apr 2024 5:59 pm
Govt gets 7 bids under PLI scheme for making Advanced Chemistry Cells to push green energy plan

The Ministry of Heavy Industries saidthat it has received as many as seven bids under the global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing announced on January 24 this year.

23 Apr 2024 4:00 pm
Embedded finance: How financial services are seamlessly integrating into educational operations

At the forefront of this evolution is the emergence of embedded finance, which seamlessly integrates financial services into educational operations, and propels the transition from traditional transactions to digital, efficient, and secure financial interactions, saysRohit Gajbhiye, MD and Founder of LEO1.

22 Apr 2024 10:01 pm
Rallis India Q4 results: Losses narrow to Rs 21 crore

Rallis India Q4 results:Revenue from operations of the company declined 16.63 per cent during the quarter under review to Rs 436 crore compared to Rs 523 crore in the same period of the previous year.

22 Apr 2024 7:48 pm
Tamilnad Mercantile Bank Q4 results: Profit stays flat at Rs 253 crore

Tamilnad Mercantile Bank Q4 results:The board of directors has recommended a final dividend of 100 per cent or Rs 10 per share of the face value of Rs 10 each for 2023-24, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the bank, it said.

22 Apr 2024 7:31 pm
Indian Hotels Company Q4 Results Preview: Profit likely to jump by one-third, margin may improve by 260 bps

Indian Hotels Company Q4 FY24 Results Preview, Tata group Q4 earnings: Indian Hotels Company (IHC) is expected to register a 31.1 per cent year-on-year jump in consolidated net profit to Rs430 crore for the January-March period, according to Zee Business research.

22 Apr 2024 7:24 pm
Kesoram Q4 results: Net loss widens to Rs 244 crore, despite higher sales

Kesoram Q4 results:Consolidated sales during the quarter under review stood at Rs 1,073 crore as against Rs 960 crore registered in Q4 FY'23, the company said in a regulatory filing.The net loss in 2023-24 nearly doubled to Rs 384 crore as compared to the Rs 194 crore loss posted in the previous year.

22 Apr 2024 7:21 pm
SIP: How many years may it take to get Rs 1 cr corpus with Rs 5,000, Rs 10,000 and Rs 15,000 SIPs

The advantage of SIP investment is that one can start a monthly investment with Rs 500. The investor can increase or decrease the SIP amount as per their income or investment capacity. They can also stop a SIP during financial crunches by informing the fund house, and they can restart that whenever they regain their investment power. SIP provides compound growth, so they can build a huge corpus if they stay in their investment for a long time.

22 Apr 2024 6:29 pm
Mahindra Logistics Q4 Dividend: Company recommends final dividend of Rs 2.50 per share

Mahindra logistics hasrecommended a final dividend of Rs 2.50 per equity share of face value of Re 10 for the financial year ending March 31, 2024.

22 Apr 2024 6:19 pm
Earthquake news: 5.3-magnitude quake jolts waters near Taiwan

The epicenter was monitored at 23.72 degrees north latitude and 121.59 degrees east longitude, said a report issued by the CENC, Xinhua news agency reported.

22 Apr 2024 4:27 pm
Axis Bank Q4 FY24 Results Preview: Net profit likely at Rs 6,250 crore, NIM may shrink by 11 bps sequentially

Axis Bank Q4 FY24 Results Preview: Axis Bank is expected to log astandalone net profit of Rs6,250 crore for the quarter ended March 31, as against a standalone net loss of Rs5,728.4 crore for the corresponding period a year ago, according to Zee Business research. The private sector lender is scheduled to report its financial results for the fourth and final quarter of FY24 on April 24.

22 Apr 2024 3:23 pm
Hyundai price cut: Get discount of up to Rs 48,000 on Hyundai Grand i10 Nios, i20, Verna and Aura

Hyundai brings enticing benefits on some of its popular models including the Grand i10 Nios, i20, Verna, and Aura. Let's delve into the details of these exciting deals:

22 Apr 2024 3:08 pm
China's Q1 fiscal revenue falls as tax cut policies weigh

China's tax revenue dropped 4.9per centto 4.9 trillion yuan ($676.48 billion) in the first three months, but revenue from cultural, tourism and advanced manufacturing industries grew fast, Wang Dongwei, vice finance minister, told a press conference in Beijing on Monday.

22 Apr 2024 3:01 pm
TCPL Q4 preview: PAT expected to increase 31% on year with slight margin improvement

Tata Consumer Products LImited (TCPL), the Tata Group-FMCG major, is slated to report itsQ4 earnings on Tuesday (April 23, 2024).

22 Apr 2024 2:35 pm
Salesforce abandons pursuit of Informatica, source says

Salesforce and Informatica did not immediately respond to requests for comment from Reuters.

22 Apr 2024 9:57 am
Malaysia plans Southeast Asia's largest integrated circuit design park

Prime Minister Anwar Ibrahim said the proposed integrated circuit design park was part of Malaysia's efforts to move beyond backend chip assembly and testing and into high-value front-end design work.

22 Apr 2024 9:24 am
Tesla cuts price of Full Self-Driving software by a third to $8,000

Musk earlier this month said Tesla will unveil its robotaxis on Aug. 8, after Reuters reported Tesla had scrapped its inexpensive, mass-market car in favour of robotaxis.

21 Apr 2024 2:10 pm
NPS vs EPF: How to create Rs 3.25 cr corpus through these retirement schemes

Investors aiming to create a sizeable retirement corpus may opt for National Pension Scheme (NPS) or the Employees' Provident Fund (EPF). NPS is a voluntary contribution scheme where one can invest up to the age of 75. One can also withdraw 60 per cent of their corpus at age 60 and get a monthly pension for the rest of their annuities. EPF, on the other hand, provides a tax exemption on the maturity amount. EPF deposits up to Rs 1.50 lakh are tax free under Section 80C of the Income Tax Act.

19 Apr 2024 7:09 pm
Wipro Q4 FY24 Results: Net profit rises 5% sequentially, attrition steady at 14.2%

Wipro Q4 FY24 Results:Wipro reported a 5.2 per cent quarter-on-quarter increase in consolidated net profit to Rs2,834.6crore for the January-March period.

19 Apr 2024 5:17 pm
Mutual Funds: What will be income tax on Rs 2.50 lakh capital gains for taxpayers in salary brackets of Rs 8 lakh, Rs 12 lakh and Rs 18 lakh

Returns on mutual fund investment are taxed. If one sells their investments in less than 12 months of owning them, their returns are considered as short-term capital gains, but if they sell them 12 months after owning investments, their returns are considered as long-term capital gains. Both types of gains are taxed at different rates.

19 Apr 2024 5:13 pm
Post Office RD: How Rs 5K, 10K, and 15K pm investments can help you get up to Rs 3.57 lakh, Rs 7.14 lakh and Rs 10.71 lakh

National Savings Recurring Deposit Account, or the post office RD scheme, is a guaranteed return investment scheme in which one can deposit monthly and get the maturity amount after five years. The scheme provides an annual interest rate of 6.7 per cent and also provides the facility of a loan.

19 Apr 2024 4:14 pm
M&M Finance Q4 preview: NII likely to rise 11%; asset quality may improve

M&M Finance Q4 Preview:As per Zee Business Research desk, the company will report a standalone profit of Rs 740 crore, up 8.2 per cent year-on-year (YoY). The company had posted a profit of Rs 684.1 crore in the year-ago period.

19 Apr 2024 12:37 pm
Wipro Q4 results today: Will it surprise investors? Here is what analysts expect

Wipro Q4 preview:Earlier this month, Thierry Delaporte resigned as CEO of Wipro, and the company announced that Srinivas Pallia, a 32-year-old veteran of the company,will succeed him.

19 Apr 2024 8:32 am
Car Price Hike: Maruti Swift prices increased ahead of next-generation launch

The latest adjustment sees the ZXi+ variant experiencing the highest increase, with prices rising by Rs 39,000 for the manual version. In contrast, the VXi, VXi AMT, and VXi CNG variants witness a more modest hike of Rs 15,000. Overall, prices for various Swift models have been raised by Rs 25,000.

18 Apr 2024 8:22 pm
Toyota Innova Hycross GX (O) Variant Introduced: Check what's new | Know ex-showroom price, mileage, other details

Toyota Innova Hycross New Variant:Japanese automotive manufacturing company Toyota Kirloskar Motors has introduced a new variant of the Innova HyCross the GX (O) petrol variant. Check out what's new inToyota Innova HyCross GX (O) petrol variant.

16 Apr 2024 2:57 pm
Tata Motors Price Cut: Tata Motors announces discount on Nexon, Tiago and Altroz

With discounts of up to Rs 40,000 on MY2024 units, customers have the opportunity to save significantly on their purchases this month. Additionally, MY2023 units are also eligible for substantial discounts as part of the ongoing promotional offers.

10 Apr 2024 3:08 pm
Maruti Suzuki Price Hike: Price increases for Maruti Swift and select variant of Grand Vitara

Maruti Suzuki Price Hike:This development comes in the wake of a similar adjustment made by the company earlier in January 2024, citing escalating inflationary pressures and amplified input expenses.

10 Apr 2024 2:12 pm
Punch EV Price Cut: Tata Motors announces upto Rs 50,000 discount - Check price, offer, features, range

The Punch EV Empowered +S LR AC FC variant, which is expected to be the primary beneficiary of these discounts, is currently stocked in nearly every Tata showroom, with approximately five to 10 units available. Know more

9 Apr 2024 1:57 pm
Indian companies should make electric 2-wheelers for global market: Amitabh Kant

Speaking at Ather Energy's community day event here, Kant said that India is already the biggest exporter of two-wheelers in the world.

6 Apr 2024 2:36 pm
Mahindra Price Cut Alert: Up to Rs 1 lakh discount announced on select variants of popular Scorpio-N SUV

The discounts extend to both manual and automatic versions of the 7-seater Z8 and Z8L diesel 4x4 variants. Additionally, the 6- and 7-seater configurations of the Z8 and Z8L diesel 4x2 AT variants, alongside petrol-AT variants, are covered under this promotional scheme.

5 Apr 2024 1:52 pm
Skoda Superb makes a comeback as CBU, priced at Rs 54 lakh: Check what's new

The 2024 Skoda Superb introduces a single fully loaded variant in India, offering additional features compared to its predecessor, the Superb L&K. Notable enhancements include Skoda's dynamic chassis control technology, an active tyre pressure monitoring system (TPMS), and nine airbags for enhanced safety.

4 Apr 2024 1:57 pm
Toyota Kirloskar Motors Price Hike Alert: TKM to hike prices on select vehicles from April 1

Toyota to hike prices from April 1:Automaker Toyota Kirloskar Motor said it plans to increase prices of select vehicles up to 1 per cent from April 1 citing rising input costs and operational expenditures.

29 Mar 2024 1:55 pm
World Car Awards: Kia EV9 secures two titles at 2024 New York Motor Show

The 2024 Kia EV9 triumphed at the World Car Awards, securing both World Car of the Year and World Electric Vehicle titles

28 Mar 2024 2:30 pm
Local production of EVs a work in progress: Audi India Head Balbir Singh Dhillon

The automaker currently imports its entire EV range comprising Q8 50 e-tron, Q8 55 e-tron, Q8 Sportback 50 e-tron, Q8 Sportback 55 e-tron, e-tron GT, and RS e-tron GT, intothe country.

19 Mar 2024 2:48 pm
Hyundai Motor, Kia's sells 5 million eco-friendly cars globally: Report

In 2023 alone, Hyundai Motor and its smaller affiliate Kia sold a combined 1.36 million eco-friendly vehicles, hitting the 1 million mark for the second consecutive year.

17 Mar 2024 2:13 pm
Audi Q6 e-tron to debut on March 18: Check expected price, features, range, specs

Audi Q6 e-tron promises to deliver a compelling combination of power, range, and advanced technology. Utilising the trusted Premium Platform Electric (PPE) architecture, also employed in the Porsche Macan EV and upcoming A6 e-tron, Audi aims to ensure exceptional build quality and performance.

14 Mar 2024 3:01 pm
Hyundai Creta vs New Creta N Line: Price, engine, features, mileage, design and other details

Hyundai Creata vs New Creta N Line:The new Hyundai brings a sportier edge to the popular Hyundai Creta SUV, offering enthusiasts a blend of style and performance. The Creta N Line, available with 1.5-litre turbo-petrol engine, promises a thrilling driving experience coupled with distinctive design elements.

12 Mar 2024 8:34 pm
Toyota to introduce Mini-Fortuner to compete with Mahindra Scorpio N: Check features, expected launch timeline

Toyota mini-Fortuner can adopt retro design elements from the Hilux Champ, including circular headlamps, C-shaped DRLs, and a sturdy bumper featuring a prominent skid plate, read more.

8 Mar 2024 3:17 pm
Hyundai Venue Executive Turbo Variant launched in India: Check price, added features

Hyundai launches executive turbo variant of Venue SUV:The Hyundai Venue Executive Turbo starts at an ex-showroom price of Rs 9.99 lakh. Its exterior offers striking 16-inch alloy wheels with a dual-tone finish, complemented by a stylish dark chrome front radiator grille.

6 Mar 2024 4:39 pm