Fitch reduces FY23 India growth forecast to 8.5 pc over high fuel prices

Mar 22, 2022, at 08:20 pm

Rating agency Fitch on Tuesday cut down India's growth forecast to 8.5 percent from 10.3 percent on account of a steep rise in energy prices due to the Russia-Ukraine war, media reports said.

Gulf investors look for investment prospects in Jammu & Kashmir

Mar 22, 2022, at 07:23 pm

Srinagar/IBNS: A 36-member gulf nations delegation has reached Srinagar to explore investment prospects in the region starting Sunday, officials informed.

Covid-related liquidity measures were introduced with sunset date: RBI Governor

Mar 22, 2022, at 05:58 pm

Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.

Petrol, diesel prices hiked, cooking gas becomes Rs. 50 costlier

Mar 22, 2022, at 02:36 pm

New Delhi: For the first time since Nov 2, 2021, fuel prices were hiked in India on Tuesday.

Tata ALTROZ DCA launched at INR 8.1 lakhs

Mar 21, 2022, at 07:50 pm

Mumbai: Keeping the New Forever brand promise, Tata Motors, car manufacturer, on Monday launched the much-awaited ALTROZ Dual Clutch Automatic (DCA) at an attractive starting price of INR 8.1 lakhs.

How to apply for ICICI Credit Card at Finserv MARKETS?

Mar 21, 2022, at 07:29 pm

Have you been looking for a credit card for yourself? When you have a host of options available, the decision to pick one becomes challenging. It is an undeniable fact that ICICI credit card is one of the best options as it offers immense variety, is easy to apply and obtain, and provides various lucrative benefits. Here, we will talk about the ICICI credit card and how to apply for them at Finserv Markets.

Indian Market: Sensex up over 100 pts

Mar 21, 2022, at 06:55 pm

Mumbai: The BSE Sensex on Monday rose by 167 pts to open at 58,030.41 as buying was seen in Materials, Consumer Discretionary Goods and Services and Energy stocks.

Reliance Retail acquires 89 pc stake in lingerie brand Clovia

Mar 21, 2022, at 05:45 am

Reliance Retail Ventures Limited (RRVL) said on Sunday that it has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear brand Clovia.

Saudi Aramco more than doubles profit in 2021: Report

Mar 21, 2022, at 03:47 am

Saudi Arabia's Aramco reported that its annual net profit has more than doubled for 2021 due to higher oil prices, and it aims to significantly increase capital expenditure (capex) this year, media reports said.

Govt working on categorisation of cryptocurrency under GST law: Report

Mar 21, 2022, at 02:34 am

The cryptocurrency may soon be categorised as goods or services under the GST law as the government is working on it to levie tax on the entire value of transactions, media reports said.

EPFO adds 15.29 lakh net subscribers during month of January

Mar 21, 2022, at 12:42 am

New Delhi:  Employees' Provident Fund Organisation (EPFO) on Sunday said it added 15.29 lakh net subscribers during the month of January, 2022 indicating uptick in the formal job market.

India's forex reserves slumps by $9.64 billion, the biggest drop in last 2 yrs

Mar 20, 2022, at 08:20 am

India's foreign exchange (forex) reserves dipped by $9.646 billion to $622.275 billion in the week ended March 11, the biggest drop in almost two years, as the Reserve Bank of India (RBI) engaged in selling dollars to prevent the erosion in the value of rupee.

Suzuki to invest $1.26 bn to build electric vehicles and batteries in India

Mar 20, 2022, at 02:28 am

New Delhi/UNI: Japan's Suzuki Motor Corp. plans to invest 150 billion yen ($1.26 billion) to build electric vehicles and batteries in India, Japanese media reported on Saturday.

Japan to offer $42 bn in investments to India during Kishida's visit: Report

Mar 20, 2022, at 01:24 am

New Delhi: Japanese Prime Minister Fumio Kishida is likely to announce an investment plan of 5 trillion yen ($42 billion) in India over the next five years during his trip starting tomorrow, according to a media report.

Strawberry farming can fetch high returns in Jammu and Kashmir: DG Horticulture

Mar 19, 2022, at 11:31 pm

Srinagar: The Director General (DG) Horticulture, Kashmir, Ajaz Ahmad Bhat today visited the Tumlihal area of Pulwama to participate in a series of events.

Kolkata-based startup What's Up Wellness registers ARR Rs 2.5 crore, prioritises online market sales

Mar 19, 2022, at 05:06 pm

IBNS Correspondent Nitin Waghela catches up with Co-founders Sayantani Mandal and Vaibhav Makhija of Kolkata-based enterprise What's Up Wellness's to understand what it takes to bring a health startup idea into fruition.

Direct tax collections revised to Rs 1 lakh crore

Mar 19, 2022, at 04:39 am

New Delhi/IBNS: India's direct tax collections have exceeded the Revised Estimates by over Rs 1 lakh crore.

India's oil imports in Feb increased amid surge in demand

Mar 19, 2022, at 01:56 am

India's crude oil imports in February increased to 4.86 million barrels per day (bpd), its highest since December 2020.

NSE Scam: CBI to investigate role of SEBI officials in 2016-19

Mar 18, 2022, at 10:19 pm

Mumbai: The Central Bureau of Investigation (CBI) is investigating the role of the officials of market regulator SEBI who served during 2016-19 when alleged governance lapses and a series of irregularities in the NSE occurred, media reports said.

State Bank of India: Ecowrap - SRS report throws light on multiple facets of India's demography

Mar 18, 2022, at 05:34 am

The government has released the Sample Registration System (SRS) survey which is the largest demographic survey in the country mandated to provide annual estimates of fertility as well as mortality indicators at the State and National level.

JSW Energy Ltd completes reorganisation of thermal and renewable business

Mar 18, 2022, at 04:43 am

Mumbai: JSW Energy Limited has completed the reorganisation of its company’s green (renewable) business and grey (thermal) business, the company said in regulatory filing.

Shark Tank India: Bengali lifestyle entrepreneur Aishwarya Biswas bags Rs 75 lakhs financing

Mar 18, 2022, at 01:21 am

Kolkata/IBNS: Aishwarya Biswas's Auli Lifestyle Consultancy became the first female-led business venture from Kolkata to be funded on Shark Tank India, according to a release by her publicists.

Shark Tank India: Bengali lifestyle entrepreneur Aishwarya Biswas bags Rs 75 lakhs financing

Mar 17, 2022, at 11:11 pm

Kolkata/IBNS: Aishwarya Biswas's Auli Lifestyle Consultancy became the first female-led business venture from Kolkata to be funded on Shark Tank India, according to a release by her publicists.

GRSE inks strategic MoU with Border Roads Organisation

Mar 17, 2022, at 07:11 pm

Kolkata/IBNS: Facilitating roadway infrastructure development in difficult terrains of India, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a warship building company of India, has signed a MoU with Border Roads Organisation (BRO).

JSW Cement signs MoU with PRESPL to convert agri-waste into biomass energy

Mar 17, 2022, at 05:01 am

JSW Cement has signed a Memorandum of Understanding (MOU) with Punjab Renewable Energy Systems Pvt. Ltd (PRESPL) to use agricultural waste as biomass energy in its cement-manufacturing operations, according to an official statement.

HDFC Bank adds 21,000 people in the current financial year

Mar 17, 2022, at 04:35 am

Mumbai/IBNS: HDFC Bank reported an increase of 21,503 permanent employees in the current financial year, an over 90 percent increase over the previous year. 

Apple, Google set deadline for employees to resume work in offices: Reports

Mar 17, 2022, at 04:05 am

With the decline in Covid-19 cases across the world, a large number of finance and tech giants like Apple and Alphabet Inc's Google have announced dates for employees to return to their offices, media reports said.

Zivame appoints Rishu Garg as Chief People Officer

Mar 17, 2022, at 01:58 am

Bangalore/IBNS: Lingerie retailer Zivame Wednesday announced the appointment of Rishu Garg as the Chief People Officer.

Ola Electric inducts former LG Chem Power CEO Prabhakar Patil onto its Board

Mar 17, 2022, at 12:25 am

Bengaluru, India: Ola Electric, India’s leading manufacturer of EVs, on Wednesday inducted onto its Board Dr. Prabhakar Patil, former Chief Executive Officer of LG Chem Power.

Ultracemco up 4.69 pc to Rs 6303.55

Mar 16, 2022, at 10:44 pm

Mumbai: Ultracemco on Wednesday rallied by 4.69 pc to close at Rs 6303.55, a major gainer in the 30 scrips of Bombay Stock Exchange(BSE).