Business

July 16, 2024 4:31 PM

Google deal for ‘hot market’ cyber firm Wiz would bolster cloud security

If Alphabet's Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon and Microsoft, experts said. Alphabet is in advanced talks to acquire Wiz, a pers...

September 16, 2024 5:55 PM

Wholesale inflation in India jumps to 3.36% in June

India's wholesale inflation rate surged to 3.36% in June, up from 2.61% in May, according to data released by the Commerce Ministry on Monday. The increase, measured by the Wholesale Price Index (WPI), was primarily driven by rising food and energy prices. The increase is largely due to higher pric...

September 16, 2024 5:55 PM

India commits to enhancing cooperation with Pacific partners: S Jaishankar

India's External Affairs Minister, S. Jaishankar, has announced the signing of a Memorandum of Understanding (MoU) to fund four community development projects in the Marshall Islands. Speaking at the signing ceremony, Jaishankar reflected on the longstanding relationship between India and Marshall ...

July 14, 2024 5:06 PM

Expect retail inflation to remain close to 5%: SBI research report

Retail inflation, or the Consumer Price Index (CPI), in India is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research. India's retail inflation rate increased in June, deviating from the moderation seen in previous month...

July 13, 2024 12:42 PM

Robust net direct tax collection in FY25, (upto July 11) up 19.54 per cent

The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department. Last year during the same period the net direct tax collection was Rs 4,80,4...

September 16, 2024 6:06 PM

India’s retail inflation surges past 5% in June, triggered by food prices

India's retail inflation rate has broken its recent trend of moderation, climbing above 5% in June 2024, primarily due to rising food prices. This uptick poses fresh challenges for policymakers who have been working to manage inflationary pressures. According to official data released Friday, the C...

July 11, 2024 7:32 PM

Pfizer moves forward with once-daily weight-loss pill

Pfizer plans to move a reworked, once-a-day version of its weight-loss pill danuglipron into clinical trials later this year, the company said on Thursday, after scrapping a twice- daily version of the drug late last year. The new drug is part of the second generation of weight-loss pills under dev...

July 11, 2024 4:34 PM

Union Budget 2024: PM Modi meets eminent economists and sectoral experts

In preparation for the Union Budget 2024, Prime Minister Narendra Modi convened a meeting with economists and sectoral experts on Thursday. This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a key step as the government gears up to present its full Budget aft...