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.

Mother Dairy hikes milk prices by Rs 2 per liter in Delhi-NCR from tomorrow

Mar 06, 2022, at 02:09 am

New Delhi/UNI: Mother Dairy will hike milk prices by Rs 2 per liter in Delhi-NCR with effect from Sunday. Recently, Amul increased the prices of its milk by Rs 2 per liter.

NSE Scam: CBI court rejects Chitra Ramakrishna's anticipatory bail plea

Mar 06, 2022, at 01:06 am

A special CBI court has rejected the anticipatory bail plea of former National Stock Exchange (NSE) chief executive Chitra Ramkrishna in the NSE colocation case, media reports said.

Eligibility Conditions You Need to Meet to Purchase a Savings Plan

Mar 05, 2022, at 06:14 pm

A savings insurance plan is an important component in your financial plan to accomplish your financial goals while securing your family's future in your absence. It is fair to invest early and maximise the returns and benefits optimally. But are you aware of the eligibility conditions? Here is a detail that will help you understand that in a little detail.

Reliance Industries launches India's largest convention centre at Jio World Centre

Mar 05, 2022, at 07:53 am

Reliance Industries on Friday announced the opening of India's largest convention centre at Jio World Centre in Mumbai.

40 pc women prefer entrepreneurship as a career and earning option: Survey

Mar 05, 2022, at 06:23 am

Bengaluru: Internet commerce company Meesho said 40 percent of respondents of its survey comprising 9,000 women entrepreneurs across 28 states and 4 union territories chose entrepreneurship as it is a good earning option.

Rajasthan: NTPC begins commercial ops in 74 MW Fatehgarh solar project

Mar 05, 2022, at 05:31 am

New Delhi/IBNS: State-run electricity producer NTPC Ltd on Friday said it will commence commercial operations of 74.88 megawatt capacity (MW) of its 296 MW Fatehgarh solar project in Rajasthan from midnight.

Skyrocketing cooking oil prices to worsen food inflation situation

Mar 05, 2022, at 04:55 am

Amid Russia’s invasion of Ukraine coupled with U.S. and European sanctions that ensued and consequent disruption in the supplies of key commodities like grains and edible oils, shoppers need to prepare to dish out more money on groceries.

Mexico has elevated purchase of medical supplies & equipments from India: Mexican envoy

Mar 05, 2022, at 02:11 am

Kolkata/IBNS: Mexico would increase the purchase orders of medical supplies from India, which comes on the back of ease of doing business framework and the willingness to strengthen trade and commerce ties with the South Asian nation.

Jalan-Kalrock Consortium appoints Sanjiv Kapoor CEO of Jet Airways

Mar 05, 2022, at 12:57 am

Mumbai: Sanjiv Kapoor, who has headed revenue and strategy departments at SpiceJet and Vistara, will be the new CEO of Jet Airways, as the company plans to restart operations in the coming summer.

Indian market: Sensex down 768.87 points

Mar 04, 2022, at 11:46 pm

Mumbai: The BSE Sensex on Friday dropped 768.87 points to close at 54,333.81 on weak global cues.

India must aim to be self-reliant in semiconductor, other key sectors: PM Modi

Mar 03, 2022, at 11:10 pm

New Delhi/IBNS: Prime Minister Narendra Modi Thursday said India has no option other than being self-reliant in key items such as semiconductors, which in turn would also boost the Make in India programme.

FM launches e-Bill system

Mar 03, 2022, at 06:35 pm

New Delhi/UNI: In a bid to cut down payment processing time for vendors supplying goods and services to the government departments, Finance Minister Nirmala Sitharaman on Wednesday launched e-Bill system to enable paperless submission and end to end digital processing of bills.

Reliance arm, Sanmina enter JV for manufacturing EVs in India

Mar 03, 2022, at 06:06 pm

Mumbai: Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into an agreement with Sanmina Corporation (Sanmina) to create a joint venture to manufacture Electronic Vehicles in India.

RBI may have sold $2 bn to control fluctuations in rupee: Report

Mar 03, 2022, at 08:42 am

The Reserve Bank of India (RBI) is estimated to have offloaded $2 billion in the local currency market to control wild fluctuations in the exchange rate, the biggest central bank intervention in the aftermath of Ukraine-Russia war, ET reported citing market sources.

NSE IFSC to start trading 8 premium US stocks from tomorrow

Mar 03, 2022, at 05:10 am

Indian investors will now be able to invest in shares of US-based companies like Amazon, Tesla, Alphabet, Meta Platforms, Microsoft, Netflix, Apple and Walmart, starting March 3.

Deepak Parekh steps down as the non-executive chairman of HDFC ERGO

Mar 03, 2022, at 02:01 am

Mumbai: Deepak Parekh, the chairman of Housing Finance Development Corporation (HDFC), has stepped down from the post of non-executive chairman of the company's insurance wing HDFC ERGO General Insurance, CNBC TV18 reported on March 2.

Hikes in petrol, diesel prices likely to start from next week: Report

Mar 03, 2022, at 12:44 am

New Delhi/IBNS: Petrol and diesel prices are likely to increase after assembly elections in five states get over next week to cover the Rs 9 a litre gap caused by international oil prices that zoomed past $100 a barrel.

HireMee features among $5Mn XPRIZE Rapid Reskilling competition top rankers

Mar 02, 2022, at 11:54 pm

Bengaluru: India’s skilling, assessment and job platform HireMee has made it to the list of five finalists of the $5Mn XPRIZE Rapid Reskilling competition -- the sole non-US firm to make it to the prestigious global list.

Canara Bank revises interest rate for Saving Bank deposits above Rs 1000 cr

Mar 02, 2022, at 11:14 pm

Kochi: Canara Bank, a leading Public Sector Bank, has revised the rates of interest and introduced additional slab for Rs 1,000 crore and above for Saving Bank (SB) deposits with higher rates of interest, with effect from March 1, 2022.

Sensex moves down by 778.30 points

Mar 02, 2022, at 10:49 pm

Mumbai: The BSE Sensex on Wednesday dropped 778.30 points to close at 55,468.90 on weak global cues.

CryptoWire in pact with Bitbns to commence trading on crypto index IC15 from April

Mar 02, 2022, at 08:00 am

Kolkata: CryptoWire, a global crypto super app, today said it has entered into an agreement with Bitbns, one of the leading crypto-currency exchanges of the country, to commence trading on India's first global crypto index IC15 next month.

SMP stresses on reviving the inland waterways connectivity to Pandu, Assam and north eastern states

Mar 02, 2022, at 07:55 am

Development of infrastructure to harness the trade potential of the North Eastern region and enhance the economic prosperity by connecting the river to sea via NW1, NW2 and Indo Bangladesh Protocol Route is the focus under Prime Minister's Gati Shakti policy.

Meesho aids digitization of MSMEs in West Bengal

Mar 02, 2022, at 07:21 am

Kolkata/IBNS: Internet commerce company Meesho Tuesday said it has so far helped over 4 lakh sellers across the country digitize their businesses. 

LIC IPO likely to be shifted to next Financial year as govt to reassess timing amid Russia-Ukraine war: Report

Mar 02, 2022, at 07:07 am

The initial public offering of state-run insurance behemoth Life Insurance Corporation of India (LIC) can be pushed to the next financial year, media reports said, noting that the government is likely to hold a meeting to reassess the IPO timing amid the Russia-Ukraine war.

Reliance acquires majority stake in designer brand Abraham & Thakore

Mar 02, 2022, at 06:22 am

Reliance Retail has acquired a majority stake in designer wear brand Abraham & Thakore for an undisclosed amount, the company said Tuesday.