IFSCA sets up committee for creating a Framework for transfer of stressed loans
Dec 18, 2021, at 05:34 pm
New Delhi/IBNS: International Financial Services Centres Authority (IFSCA) has set up a committee to examine and recommend measures to create a framework for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC.
RBI board discusses Central Bank Digital Currency, private cryptocurrencies in meeting
Dec 18, 2021, at 07:34 am
Mumbai/IBNS: The central board of the Reserve Bank of India (RBI) Friday discussed the issues related to Central Bank Digital Currency (CBDC) and private cryptocurrencies, the RBI said in a press release.
Jet Airways revival: Jalan Kalrock Consortium approaches NCLT to expedite capital infusion
Dec 18, 2021, at 05:02 am
New Delhi/IBNS: The Jalan Kalrock Consortium has approached the National Company Law Tribunal (NCLT) to expedite the implementation of the Approved Resolution Plan by infusing capital as the new owners of Jet Airways want to start paying the dues of all stakeholders.
CCI cancels Amazon-Future deal
Dec 18, 2021, at 03:39 am
New Delhi/IBNS: Amazon suffered a setback Friday as the Competition Commission of India (CCI) suspended its deal with Future Group after reviewing complaints that US-based e-commerce giant concealed information while seeking regulatory approval, media reports said.
IPO-bound Ola raises USD 500 mln loan
Dec 18, 2021, at 03:21 am
Bangalore/IBNS: India's ride hailing company Ola secured a USD 500 million loan from international institutional investors to proliferate mobility across ride hailing, vehicle commerce, delivery with foods, quick commerce and financial services sectors.
Jammu and Kashmir: Srinagar-based start-up FastBeetle raises $100,000 from investors
Dec 18, 2021, at 02:18 am
Srinagar: FastBeetle Logistics, a Srinagar-based tech start-up has raised $100,000 funding from investors.
India to overhaul age-old telecom policies to achieve digital dreams
Dec 17, 2021, at 11:47 pm
New Delhi/IBNS: India plans to revamp its telecommunication sector, the key to Prime Minister Narendra Modi's digital ambitions, but the century-old policies and bitter legal disputes have hindered the government's attempts to develop the sector.
Indian Market: Sensex down over 700 points
Dec 17, 2021, at 09:00 pm
Mumbai/UNI: The BSE Sensex on Friday crashed 743 points to 57,158.80 in the opening trade as selling was seen in Realty, Energy and Telecom stocks.
Privatization of Banks : Nation-wide strike enters second day
Dec 17, 2021, at 03:48 pm
Hyderabad/UNI: The All India Bank Strike, which has been called by the United Forum of Bank Unions (UFBU), entered the second day on Friday, paralysing banking transactions in a big way.
IMF chief economist Gita Gopinath bats for global standards for regulating cryptocurrencies
Dec 17, 2021, at 03:40 am
Mumbai/IBNS: A complete ban on cryptocurrency may be difficult to impose and coordinated global action for regulating them would be the right thing to do, the chief economist of the International Monetary Fund (IMF) said Thursday.
India's top gastroenterology hosp AIG up for sale, valuation expected to reach Rs 5,000 cr: Report
Dec 17, 2021, at 02:51 am
Hyderabad/IBNS: AIG (Asian Institute of Gastroenterology) Hospitals promoter Nageshwar Reddy, and investor Quadria Capital plan to offload a controlling stake in the hospital chain, Economic Times reported.
RBI imposes monetary penalty on PNB, ICICI Bank for non-compliance
Dec 16, 2021, at 05:59 pm
Mumbai/IBNS: Reserve Bank of India (RBI) on Wednesday said it has imposed a monetary penalty on private sector lender ICICI Bank and state-run Punjab National Bank (PNB) for non-compliance with its rules.
Elon Musk's Starlink intends to apply for all applicable licences for operations in India
Dec 16, 2021, at 05:54 pm
New Delhi/IBNS: Elon Musk-led satellite broadband company Starlink informed the Parliament on Wednesday that it intends to apply for all applicable licences for commercial launch in India.
RBI allows small finance banks and payments banks to conduct govt business
Dec 16, 2021, at 05:36 pm
Mumbai/IBNS: Reserve Bank of India (RBI) has allowed scheduled payments banks and small finance banks (SFBs) to conduct government business.
Reliance Jio users can soon recharge subscription through WhatsApp
Dec 16, 2021, at 05:35 am
Mumbai/IBNS: Indian telecom giant Reliance Jio and Meta (formerly known as Facebook) on Wednesday announced that the Jio users will soon be able to renew their subscription on WhatsApp.
TVS, BMW likely to ink deal for EV development and production: Report
Dec 16, 2021, at 03:26 am
Chennai: Indian automobile major TVS is likely to collaborate with BMW for joint development, manufacturing, and exports of electric vehicles from India, ET reported.
Govt invites bids for the strategic disinvestment of PDIL, HLL Lifecare Ltd
Dec 16, 2021, at 01:14 am
New Delhi/IBNS: The finance ministry has invited global bids for the strategic sale of Projects & Development India Limited (PDIL) and HLL Lifecare Ltd. (HLL) as part of its disinvestment target.
Bajaj Finance drops 3.10 pc to Rs 6849.80
Dec 16, 2021, at 12:18 am
Mumbai/UNI: Bajaj Finance on Wednesday slipped 3.10 pc to Rs 6,849.80 a major loser in 30 scrips of BSE.
JioMart partners with WhatsApp to deliver daily essentials
Dec 16, 2021, at 12:05 am
Mumbai/IBNS: JioMart partnered with Meta’s, formerly known as Facebook, WhatsApp to enable retailers and customers to shop using the services of the messaging app in India.
Indian Market: Sensex down 329.06 pts
Dec 15, 2021, at 11:57 pm
Mumbai/UNI: The BSE Sensex on Wednesday tumbled down 329.06 pts to settle at 57,788.03 following selling in Realty, Technology, IT and Metal stocks.
Union Cabinet gives nod to Rs 76,000-crore incentive scheme for semiconductors
Dec 15, 2021, at 09:32 pm
New Delhi/IBNS: The Union Cabinet Wednesday cleared the Rs 76000 crore incentive scheme for semiconductors.
Ola begins delivery of electric scooters today
Dec 15, 2021, at 05:03 pm
Mumbai/IBNS: After a delay of two months, Ola is set to begin the delivery of its electric scooters from Wednesday, media reports said.
Indian origin Leena Nair appointed Global CEO of French fashion giant Chanel
Dec 15, 2021, at 06:44 am
London/IBNS: Leena Nair, a top Unilever executive, has been named the Global CEO of the French luxury group Chanel on Tuesday.
Banks to go on strike for two days against privatisation: Union leader
Dec 15, 2021, at 05:34 am
Hyderabad/UNI: The United Forum of Bank Unions (UFBU), an umbrella body of nine unions and associations, on Monday threatened an all India-strike on December 16 and 17 in protest against privatisation of public sector banks.
Retail inflation rises to 4.91 pc amid rising food prices
Dec 15, 2021, at 05:04 am
New Delhi/IBNS: The retail inflation based on Consumer Price Index (Combined) rose to a three-month high of 4.91 percent in November spurred by rising food prices.
Annual SIP inflows cross Rs 1 lakh cr for the first time
Dec 14, 2021, at 10:10 pm
Mumbai/IBNS: For the first, the cumulative inflows from systematic investment plans have crossed Rs 1 lakh crore in a year, data from the Association of Mutual Funds in India (AMFI) shows.
WPI touches 14.23 pct in November
Dec 14, 2021, at 09:10 pm
New Delhi: The Wholesale Price in India touched a more than a decade high of 14.23 per cent in November, official data released on Tuesday said.
Investing $1 per person annually could save 7 million lives in low, lower-middle income nations
Dec 14, 2021, at 09:02 pm
New York: A new World Health Organization (WHO) report shows that close to seven million deaths could be prevented by 2030, if low and lower-middle income countries were to make an additional investment of less than a dollar per person each year, in the prevention and treatment of noncommunicable diseases (NCDs).
Manohari Gold Tea sold at a record price of Rs 99,999 per kg at Guwahati Tea Auction Centre
Dec 14, 2021, at 08:50 pm
Guwahati: Famous and rare variety of Assam tea called ‘Manohari Gold Tea’ on Tuesday has set a record after it was auctioned at a record price Rs 99,999 per kg at Guwahati Tea Auction Centre.
L&T's construction arm bags large contract in Odisha
Dec 14, 2021, at 07:47 pm
Mumbai/IBNS: The construction arm of Larsen & Toubro has secured a large order for its Buildings and Factories business from the Government of Odisha to construct clinical blocks and allied infrastructure for a state-of-the-art hospital in Cuttack.