Reserve Bank of India lifts restriction on HDFC Bank's business generating activities
Mar 12, 2022, at 10:08 pm
New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
EPFO slashes rates to 8.1 pc for 2021-22 fiscal year
Mar 12, 2022, at 08:07 pm
New Delhi: In what may be seen as a major setback for millions of middle-class Indians, especially amid the rising inflation, state-run Employees Provident Fund Organisation (EPFO) on Saturday slashed the interest rates to 8.1 per cent for the fiscal year 2021-22.
Indian Market: Sensex up 85.91 pts
Mar 11, 2022, at 09:55 pm
Mumbai: The BSE Sensex on Friday advanced 85.91 pts to close at 55,550.30 following gains in Health Care, Materials, Metal and Oil and Gas stocks amid positive European market.
India becomes the fifth most valued stock market
Mar 11, 2022, at 08:48 pm
Mumbai: India is now the fifth most valued stock market ahead of the United Kingdom, Canada and Saudi Arabia.
Russia retaliates against Western sanctions with export bans: Report
Mar 11, 2022, at 08:09 pm
Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.
Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery
Mar 11, 2022, at 07:06 pm
Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.
Larsen & Toubro bags 'significant' contract from Delhi Metro Rail Corporation
Mar 11, 2022, at 03:28 pm
Mumbai/IBNS: The Heavy Civil Infrastructure business vertical of L&T Construction has won a significant order from the prestigious Delhi Metro Rail Corporation Limited (DMRC), to design and construct the Underground Metro Project of Phase-IV of Delhi MRTS.
After Air India, Neelachal Ispat Nigam Ltd to be second govt firm to be privatised: DIPAM Secty
Mar 11, 2022, at 05:30 am
Kolkata: Neelachal Ispat Nigam Ltd would be second company after Air India to be privatised and the share purchase agreement (SPA) for the company was signed on Thursday, DIPAM Secretary Tuhin Kanta Pandey said today.
Lupin launches its first reference lab in east India
Mar 11, 2022, at 03:36 am
Kolkata/IBNS: Pharma major Lupin Thursday announced that its diagnostics arm has launched its first reference laboratory in east India in Kolkata.
Ukraine War: Economy in 'shock' from unprecedented economic war, admits Russia
Mar 11, 2022, at 02:32 am
Moscow: Russia has admitted that the country's economy is in a shock and it is taking measures to resist the impact of what it described as an "absolutely unprecedented" economic war waged against Moscow, media reports said.
Cutty Sark brings taste of Scotland's premium scotch whiskey to Delhites
Mar 10, 2022, at 05:46 pm
New Delhi/IBNS: Kyndal, a leading alco-bev maker and distributor in the premium segment, eyes to bring Cutty Sark, a blended Scottish scotch whisky, to the local markets of Delhi, Gurgaon and other parts of Haryana.
Indian Market: Senex zooms 1595 points
Mar 10, 2022, at 03:46 pm
Mumbai: The equity market remained on top for the third straight session on Thursday, as BSE Sensex zoomed 1595 points, breaching 56K level to open at 56,242 on positive global cues.
Axis Mutual Fund launches ‘Axis NIFTY Midcap 50 Index Fund’
Mar 09, 2022, at 10:35 pm
Mumbai: Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis NIFTY Midcap 50 Index Fund (an open ended Index Fund tracking the NIFTY Midcap 50 Index), on Wednesday.
Indian Market: Sensex rallied 1223.24 points
Mar 09, 2022, at 10:22 pm
Mumbai: The BSE Sensex on Wednesday added another 1223.24 gains to close at 54,647.33 on brisk buying in energy, realty, industrials and finance stocks, even as conflict between Russia and Ukraine was on.
Mar 09, 2022, at 08:40 pm
As Russia's invasion of Ukraine enters the 14th day, three more companies - McDonald's, Coca-Cola and Starbucks - have announced closure of business in Russia, joining the growing list of international businesses leaving the country, media reports said.
LIC's DRHP gets SEBI's approval
Mar 09, 2022, at 04:59 pm
The Securities Exchange Board of India (SEBI) has given its nod to the state-owned insurance behemoth LIC's (Life Insurance Corporation of India) Draft Red Herring Prospectus (DRHP), media reports said.
Ghana invites Indian industrialists to invest and create employment for both sides
Mar 09, 2022, at 06:06 am
Kolkata/IBNS: Ranking third in ease of doing business in Western Africa, Ghana is inviting Indian industrialists to contribute in areas of steel, iron ore, and agriculture.
Indian Rupee rises 5 paise against USD
Mar 08, 2022, at 11:44 pm
Mumbai/UNI/IBNS: The Rupee on Tuesday gained five paise to close at 76.90 against the US Dollar due to the selling of US Dollars by bankers and exporters, dealers at the Foreign Exchange said.
Sun Pharma moves up 3.99 pc to touch Rs 855.55
Mar 08, 2022, at 11:36 pm
Mumbai/UNI/IBNS: Sun Pharma on Tuesday rose 3.99 per cent to Rs 855.55, a major gainer in 30 scrips of the BSE.
Indian Market: Sensex regains 581.34 pts
Mar 08, 2022, at 10:23 pm
Mumbai/UNI/IBNS: The BSE Sensex on Tuesday bounced back 581.34 points to close at 53,424.09 owing to the strength of realty, technology, IT and health care stocks.
Amazon India offers Holi bonanza on purchases
Mar 08, 2022, at 09:49 pm
Kolkata/IBNS: Amazon India under its ‘Holi Shopping Store’ would be offering buyers a one stop destination to fulfil their Holi shopping needs ranging from herbal colours and pichkaris to waterproof gadgets.
India and Bangladesh can become ‘Pharmacy of the world’: Piyush Goyal
Mar 08, 2022, at 07:46 am
India and Bangladesh can become ‘Pharmacy of the world’, Commerce and Industry Minister Piyush Goyal said Monday, adding that time was ripe for the two countries to consider joint manufacturing of Covid-19 vaccines and other medicines.
Russia-Ukraine crisis: Brent crude reaches 13-year high of $139, drops later, says report
Mar 08, 2022, at 07:03 am
Oil prices levels since 2008 on Monday amid fears of market supply disruptions as the United States and European allies are considering a ban on Russian oil imports and hopes of the return of Iranian crude diminished, media reports said.
Tata Motors bags an order for 65 EVs from Kerala State Electricity Board
Mar 08, 2022, at 05:54 am
Trivandrum: Tata Motors has bagged a contract for 65 EVs (60 Tigor EVs and 5 Nexon EVs) as part of a tender agreement with Kerala State Electricity Board (KSEB).
L&T-SuFin, the next-generation B2B E-Commerce platform launched to empower MSMEs
Mar 08, 2022, at 05:03 am
Kolkata: Indian multinational Larsen & Toubro engaged in EPC (Engineering, Procurement and Construction) projects, hi-tech manufacturing and services, Monday announced the launch of L&T-SuFin, an integrated e-commerce platform for B2B industrial products and services.
India's exports have to contribute $1 trn for a $5 trn economy: Goyal
Mar 08, 2022, at 04:48 am
Mumbai/UNI: Union commerce and industry minister Piyush Goyal on Monday said India's exports have to contribute at least USD one trillion to become a USD five trillion economy by 2025.
Vikram Solar appoints Rajendra Kumar Parakh as Chief Operating Officer for its EPC division
Mar 07, 2022, at 10:30 pm
New Delhi: Vikram Solar, one of India’s leading module manufacturers and comprehensive EPC solar solutions provider, has announced the appointment of Rajendra Kumar Parakh as Chief Operating Officer (COO) for the Engineering, Procurement and Construction (EPC) division.
India market: Sensex crashes 1491.06 points
Mar 07, 2022, at 10:27 pm
Mumbai: The BSE Sensex on Monday crashed 1491.06 points to close at 52,842.75, an eight-month-low, as the US and its allies imposing wide-ranging sanctions on Russian oil export over its invasion of Ukraine.
Axis Bank and Airtel announce partnership to bolster India’s digital ecosystem
Mar 07, 2022, at 10:25 pm
New Delhi: Axis Bank, a private sector bank, and Bharti Airtel, communications solutions provider, on Monday announced a strategic partnership to strengthen the growth of India’s digital ecosystem through a range of financial solutions.
World food prices jumped 20.7 pc y-o-y in Feb as price of vegetable oils, dairy products rise
Mar 07, 2022, at 06:57 am
World food prices jumped to a record high in February, owing to an increase in vegetable oils and dairy products, to record a 20.7 percent increase year-on-year.