We will achieve 70 percent Made in India products by 2025: Kutchina MD
Dec 30, 2021, at 11:20 pm
IBNS Correspondent Nitin Waghela catches up with Areyan Bajoria, Managing Director of Kutchina, to understand the kitchen brand's growth strategy and the latest trends taking place in the world of Indian kitchen market.
Volvo Car India announces price hike
Dec 30, 2021, at 11:15 pm
Kolkata/IBNS: Swedish luxury carmaker Volvo Car India today announced an increase in the ex-showroom prices of its cars in India ranging between rupees one to three lakhs due to a rise in input costs. The new prices would be effective from January 1, 2022.
How to Keep Your Life Insured and Still Have a Regular Income?
Dec 30, 2021, at 10:42 pm
Life insurance has long been used to safeguard the financial stability of the family even after the death of the breadwinner. A family that loses its breadwinner might quickly lose its financial standing, risking the financial future of its children. Therefore, life insurance plans, particularly term insurance plans, would provide a considerable quantity of funds to the grieving family and assist them in achieving their life objectives.
Unitholders' consent mandatory before winding up Mutual Fund scheme: SEBI
Dec 30, 2021, at 09:04 pm
Mumbai/IBNS: Mutual fund (MF) trustees have to take the consent of unitholders’ while winding up any MF scheme, the market regulator Securities Exchange Board of India has decided in a board meeting.
LIC's Digi Zone to accelerate digital transformation
Dec 30, 2021, at 08:54 pm
Kochi/UNI: Life Insurance Corporation (LIC) of India has launched LIC Digi Zone to enhance the digital operations related to sales and services for its customers.
Centre invites applications under PLI scheme for speciality steel
Dec 30, 2021, at 08:29 pm
New Delhi/IBNS: The government has started inviting applications from investors seeking to invest and avail benefits under the production linked scheme (PLI) for speciality steel on Wednesday.
Dec 30, 2021, at 08:25 am
Mumbai/IBNS: The Reserve Bank of India has said the gross non-performing assets (GNPAs) of banks may jump from 6.9 percent in September 2021 to 8.1 percent by September 2022 under the baseline scenario and to 9.5 percent under a severe stress scenario, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) on Wednesday.
NRIs, OCIs don't need RBI's approval for buying immovable property in India
Dec 30, 2021, at 06:26 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has said NRIs and OCIs do not need its prior permission for the sale and transfer of immovable properties in India, other than agricultural land, farm houses, plantation properties.
Banks offer Rs 35,000 cr loan to Air India's new owner Talace promoted by Tata
Dec 30, 2021, at 05:58 am
Mumbai/IBNS:Air India has been offered a loan of over Rs 35,000 crore at a weighted-average yield of 4.25 percent, the cut-off rate at which the government last raised one-year money through an auction of 364-days treasury bills, ET reported.
ICRA revises outlook for telecom sector; says ARPU to increase to Rs 174 by FY23 end
Dec 30, 2021, at 04:04 am
Ratings agency ICRA has revised the industry outlook for the telecom sector from 'negative' to 'stable' as the tariff hike by three big companies, Reliance Jio, Vodafone, and Bharati Airtel, following Centre's reforms package, is likely to increase the industry average revenue per user (ARPU) and also support telco companies to profit.
Mukesh Ambani opens up about succession of Reliance Industries for the first time
Dec 30, 2021, at 12:41 am
Mumbai/IBNS: Reliance Industries Chairman, Mukesh Ambani has opened up about succession for the first time. The 64-year-old richest Indian said he wants to accelerate the process of leadership transition with the seniors including him making way for the new generation.
State Bank of India down 1.45 pc to Rs 454.25
Dec 29, 2021, at 10:55 pm
Mumbai/UNI: SBI on Wednesday fell by 1.45 pc to Rs 454.25 a major loser in 30 scrips of BSE.
Central Bank of India launches RuPay Business Platinum Debit Card
Dec 29, 2021, at 10:34 pm
New Delhi: Central Bank of India (CBoI) has announced its partnership with the National Payments Corporation of India (NPCI) to launch a tailor-made offering for firms/corporates – ‘Central Bank of India RuPay Business Platinum Debit Card’.
Indian Market: Sensex down 90.99 points
Dec 29, 2021, at 10:11 pm
Mumbai/UNI: The BSE Sensex on Wednesday fell by 90.99 points to settle at 57,806.49 as selling was seen in metal, materials, power and utilities stocks.
Top CII Innovative Institution Award 2021 for Thiagarajar Polytechnic College
Dec 29, 2021, at 09:33 pm
Bengaluru: Salem-based Thiagarajar Polytechnic College emerged as the winner in the CII instituted ‘Industrial Innovation Awards 2021’ among polytechnics, making the 64-year old polytechnic in the country to have won this honour.
Soumen Halder moves to Polo Floatel Kolkata as GM from Vedic Village Spa Resort
Dec 29, 2021, at 04:31 pm
Kolkata/IBNS: Shillong headquartered hospitality brand Polo Towers Group announced the appointment of Soumen Halder as the General Manager of their Kolkata-based Polo Floatel.
Centre notifies new direct selling rules; bans pyramid and money circulation schemes
Dec 29, 2021, at 07:32 am
New Delhi/IBNS: The central government on December 28 notified new rules for the direct selling industry banning companies from promoting pyramid and money circulation schemes.
Entrepreneur Pankhuri Shrivastava dies at 32, leaves startup world mourning
Dec 29, 2021, at 06:41 am
New Delhi/IBNS: Entrepreneur Pankhuri Shrivastava, the founder of women-focused social venture 'Pankhuri', died on Friday from a cardiac arrest, her company has informed. She was 32.
FM Nirmala Sitharaman to hold pre-budget meeting with state counterparts on Dec 30
Dec 29, 2021, at 05:57 am
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will hold a meeting with the finance minsters of states as part of the customary pre-budget consultations with various stake holders, media reports said.
As Ratan Tata turns 84, here's a look at another great year of India's greatest businessman
Dec 29, 2021, at 05:18 am
Mumbai/IBNS: Legendary businessman Ratan Tata celebrated his 84th birthday on Tuesday. Birthday wishes poured in for the Chairman Emeritus of Tata Sons with netizens sharing photos from his youth and inspirational quotes from him.
Adani Group ready to shift coal from Australia's controversial mine
Dec 29, 2021, at 04:37 am
Melbourne/IBNS: Industrialist Gautam Adani's controversial Carmichael coal mine, which received vehement opposition from Australian climate activists for seven years, is planning to export its first coal cargo.
AU Small Finance Bank appoints Ex RBI Depty Guv H. R. Khan as non-exec independent director
Dec 29, 2021, at 03:07 am
Kolkata/IBNS: AU Small Finance Bank Tuesday announced the appointment of Harun Rashid Khan as non-executive independent director (Additional Director) on its board, for a period of three years, effective December 28, 2021, subject to the approval of shareholders.
PSU Banks' Gross NPAs drop to 6.9 pc in Sept 2021 against 8.2 pc in March 2020: RBI report
Dec 29, 2021, at 02:23 am
Mumbai/IBNS: The gross non-performing assets (NPAs) of scheduled commercial banks (SCB) as reduced to 6.9 percent at the end of September 2021 from 7.3 percent at the end of March 2021, the Reserve Bank of India said in its report on Trend and Progress of Banking in India 2020-21.
Over 4.67 crore Income Tax Returns filed till Dec 27, 15.49 lakh ITRs on Dec 27 alone
Dec 28, 2021, at 11:06 pm
New Delhi/IBNS: Over 4.67 crore Income Tax Returns have been filed, including 15.49 lakh ITRs were filed on December 27 alone, the Income Tax Department said Tuesday.
IndusInd Bank launches ‘Green’ fixed deposits
Dec 28, 2021, at 09:14 pm
New Delhi:: IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs). IndusInd Bank is amongst few banks globally, to bring forth this proposition, thereby integrating SDG into a regular fixed deposit product.
SaaS platform ProHance's redesigned website focuses on product education
Dec 28, 2021, at 07:38 pm
New Delhi/IBNS: Desktop SaaS platform ProHance announced a redesigned website, which provides workforce-related analytics and data capturing to enable informed decision making on a real-time basis.
Hyderabad records highest residential appreciation, Mumbai ranks lowest
Dec 28, 2021, at 12:50 am
Mumbai/UNI: Hyderabad recorded the highest residential appreciation amongst eight Indian cities in Q3 2021, a Knight Frank report said.
Offer incentives for promoting green products in the financial budget: Indian industry bodies
Dec 27, 2021, at 11:08 pm
New Delhi/UNI: The country's top industry bodies have called for offering tax incentives and favourable policies to promote green products in India's upcoming union budget.
Dec 27, 2021, at 10:43 pm
New Delhi: India Post Payments Bank (IPPB) and HDFC Bank have signed a Memorandum of Understanding (MoU) for offering various banking products and services to customers of IPPB in semi-urban and rural areas, focussing on unbanked and underserved segments.
IndusInd Bank partners with NPCI to offer cross-border payments via UPI
Dec 27, 2021, at 10:41 pm
Kolkata: IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners.