Business

[ad_1] NEW DELHI: The procurement of goods and services through Govt e-Market portal GeM has crossed Rs 4 lakh crore so far this fiscal due to higher buying activities by various ministries and departments, a senior government official said .GeM was launched on August 9, 2016, for online purchases of …

[ad_1] BENGALURU: A group of experienced American professionals has accused TCS of firing them on short notice and filling many of their roles with workers from India on H1-B visas, the Wall Street Journal reported on Friday.The American workers alleged that TCS illegally discriminated against them based on their race …

[ad_1] MUMBAI: Troubled edtech startup Byju’s offered its disgruntled investors another chance to participate in the company’s $200 million rights issue to protect their shareholding. In a letter to shareholders on Friday, founder and group CEO Byju Raveendran claimed that the firm has already secured over 50% shareholder votes to …

[ad_1] CHENNAI: Investments by private equity and venture capital firms fell by $1.2 billion in March 2024 to $1.8 billion across 64 deals, as against $3 billion in March 2023. The drop has bucked the trend of increase in investments by PE-VC firms in Jan-Feb this year as compared with …

[ad_1] MUMBAI: Shapoorji Pallonji Group‘s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction IPO in at least a decade. The company, which the construction-to real-estate group acquired from ICICI Bank in the early 2000s, hopes …

[ad_1] NEW DELHI: The income tax department has detected a fraud involving unauthorised use of permanent account numbers (PAN) by individuals to claim house rent allowance when they were not even tenants. So far, at least 8,000-10,000 high value cases have been detected with amounts running into Rs 10 lakh …

[ad_1] NEW DELHI: A leading Israeli aerospace and defence company has set up an Indian subsidiary to strengthen its “strong partnership with DRDO in developing and supporting advanced systems for the Indian armed forces.” Israel Aerospace Industries (IAI) has set up AeroSpace Services India (ASI), which it says is a …

[ad_1] PARIS: Inflation in France eased further in March while it accelerated but remained low in Italy, official data showed Friday, fuelling hopes of interest rate cuts in coming months.French inflation fell to 2.3 percent, down from 3.0 percent in February, according to provisional figures from the INSEE statistics institute.Food …

[ad_1] NEW DELHI: CareEdge Ratings expects India’s GDP to growth at 7.6 per cent in 2023-24 ending on March 31, and around 7 per cent in the next financial year 2024-25.According to the rating agency, the economic growth in the current financial year was supported by a strong growth in …

[ad_1] The Moroccan government gave the green light on Friday for Chinese electric battery maker BTR New Material Group to build a factory near Tangier to produce key component cathode. The plant, to be built at a cost of 3 billion dirhams ($300 million), will have a production capacity of …