Dec 14, 2021, at 03:14 pm
New Delhi/UNI: The fuel prices continued to be steady as petrol and diesel prices remained unchanged on Tuesday.
Apple hits nearly $3 trillion in market capitalization as world’s most valuable firm
Dec 14, 2021, at 02:58 pm
New York/UNI/Sputnik: Shares of iPhone maker and consumer tech giant Apple hit record highs on Monday, reaching nearly $3 trillion in market capitalization, trading data showed.
Tesla founder Elon Musk named person of the year by Time magazine
Dec 14, 2021, at 03:47 am
Washington/IBNS: Time magazine on Monday named Tesla founder and space entrepreneur Elon Musk as its person of the year.
Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani
Dec 13, 2021, at 11:20 pm
Mumbai/IBNS: Reliance Industries Ltd (RIL) in partnership with Asset Care & Reconstruction Enterprise Ltd (ACRE) has submitted expressions of interest (EoI) for the bankrupt textile company Sintex Industries Ltd, as it looks to diversify into fashion.
Indian Market: Sensex up over 300 pts
Dec 13, 2021, at 11:02 pm
Mumbai/UNI: The BSE Sensex on Monday advanced 369 pts to 59,156 in opening session as buying was seen across the board.
SpiceJet to introduce drone delivery service for vaccine, essential goods delivery
Dec 13, 2021, at 05:52 pm
Mumbai/IBNS: SpiceJet will introduce drones to send transport vaccines, life-saving medicines and essential goods.
Young Indians are high earners, real estate demand will rise: Ketan Sengupta
Dec 13, 2021, at 02:28 am
IBNS Correspondent Nitin Waghela catches up with the CEO of Bengal Peerless Housing Development Company, Ketan Sengupta, to understand the present real estate market and how it evolved after the pandemic.
Chinese FDIs in India only through govt route: Centre
Dec 13, 2021, at 02:20 am
New Delhi/IBNS: The government has amended the FDI policy according to which an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route, Ministry of Commerce & Industry has said.
RBI Guv Shaktikanta Das cautions depositors chasing high returns, interests
Dec 12, 2021, at 08:14 pm
New Delhi/UNI: While terming the higher deposit insurance cover of Rs five lakh as an important milestone, Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors chasing higher returns.
India's crude palm production rose 13 pc in 2019-20, Andhra remains leading producer
Dec 11, 2021, at 06:14 pm
New Delhi/IBNS: India's production of crude oil palm (CPO) increased 13 percent in the financial year 2020-21 to 2,88,056 metric tons compared to 2,54, 794 metric tons in 2019-20 with Andhra Pradesh being the leading producer, according to government data.
Can CEO who fired 900 employees on Zoom have a second chance? Anand Mahindra asks Twitterati
Dec 11, 2021, at 05:33 am
Mumbai/IBNS: Mahindra Group chairman Anand Mahindra asked his followers on Twitter whether Better.com CEO Vishal Garg, who laid off 900 employees in a Zoom call, will be able to survive his controversial action or bear the consequences of his action.
Africa Free Trade Area, likely spur for growth and development
Dec 10, 2021, at 10:10 pm
New York: With productivity-boosting measures, the African Continental Free Trade Area (AfCFTA) agreement could reduce poverty and inequality while spurring sustainable and inclusive growth, according to a report launched on Wednesday by the UN trade and development body, UNCTAD.
Indian Market: Sensex down over 100 points
Dec 10, 2021, at 04:55 pm
Mumbai/UNI: After three days of rally, the BSE Sensex on Friday slipped 111 points to 58,696.71 to open at 58,696.71 on profit booking by local operators.
Bank of Baroda signs MoU with housing finance company CHFL
Dec 10, 2021, at 12:06 am
Kolkata/IBNS: Bank of Baroda has signed a MoU with CHFL for sourcing and financing the Housing loan borrowers under Co-lending Model (CLM) mechanism.
CIL's coal supply grew 18 pc in Apr-Sept 2021 against last fiscal
Dec 09, 2021, at 08:42 pm
New Delhi/IBNS: Coal India Limited (CIL) has supplied more coal during the current fiscal (up to Nov 2021) in comparison to last year same period, Union coal minister Pralhad Joshi said.
Ministry of Power approves new ISTS projects of Rs 15893 crore
Dec 09, 2021, at 06:30 pm
New Delhi/IBNS: Union Minister of Power and Ministry of New and Renewable Energy (MNRE) have approved 23 new Inter State Transmission System Projects (ISTS) with an estimated cost of Rs 15893 crore.
Govt focuses on rural India to meet 2030 steel consumption target among other measures
Dec 09, 2021, at 06:50 am
New Delhi/IBNS: The Union Steel Ministry has formed a Joint Working Group (JWG) to step up the use and consumption of steel in the country, especially in rural areas.
Dec 09, 2021, at 04:30 am
Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.
Axis Bank offers ‘Power Salute’ to Kolkata Police
Dec 09, 2021, at 02:58 am
Kolkata: Private sector bank Axis Bank reinforced its commitement to the Police Forces by signing an MOU with the Kolkata Police, offering a salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative.
Swiggy to expand grocery delivery business with $700 million investment
Dec 09, 2021, at 01:31 am
Mumbai/IBNS: Swiggy will invest $700 million in its express grocery delivery business Instamart with the aim to strengthen its presence in a category that has shown immense growth since it was launched in the middle of the pandemic last year.
UAE to have four and half-day working week from Jan 2022
Dec 09, 2021, at 01:22 am
Dubai/IBNS: The United Arab Emirates (UAE) will have a four and half-day working week with a Saturday-Sunday weekend, starting 2022 to better align its economy with global markets.
Indian Market: Sensex zooms 1016.03 points
Dec 08, 2021, at 09:55 pm
Mumbai/UNI: The BSE Sensex on Wednesday spurted 1016.03 points at close at 58,649.68 following gains in Auto, Technology, IT and Metal stocks amid positive Asian cues.
Fareportal India banks on tech innovation, human capital to accelerate growth in online travel space
Dec 08, 2021, at 05:56 pm
Gurgaon/IBNS: Fareportal India, an online travel company, looks to distinguish itself with a single codebase to accelerate launch of new features on a weekly basis to give it an edge over other major travel enterprises.
Dec 08, 2021, at 04:42 pm
New Delhi/Mumbai/UNI: Amid the global scare of new variant of Coronavirus, 'Omicron', posing downside risks to the economy, the Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 4% providing cushion to the economy which has been on the recovery path clocking 8.4% growth in July-September quarter (Q2) of the current fiscal.
Indian Market: Sensex up over 500 pts
Dec 08, 2021, at 03:50 pm
Mumbai/UNI: The BSE Sensex remained strong for another session on Wednesday, as it rallied 525 pts to open at 58,158.56 ahead of RBI Monetary policy today.
UAE's TA’ZIZ and Reliance ink JV for $2 billion chemicals projects in Ruwais
Dec 08, 2021, at 07:51 am
Mumbai/IBNS: Reliance Industries Limited (RIL) has inked an agreement with Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) to launch ‘TA’ZIZ EDC & PVC’, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais.
Deposit $ 5 million in 2 weeks or face liquidations: Court tells SpiceJet
Dec 08, 2021, at 01:54 am
Chennai/IBNS: SpiceJet Ltd must deposit an amount equivalent to $5 million within a period of two weeks or face the liquidation of its assets, the Madras High Court has ruled responding to a plea by a Swiss company over unpaid dues.
Jana Small Finance Bank appoints Buvanesh Tharashankar as Chief Financial Officer
Dec 07, 2021, at 11:44 pm
Kolkata: To strengthen the top management team, Jana Small Finance Bank on Tuesday announced the appointment of Buvanesh Tharashankar as its President and Chief Financial Officer under the category of Key Managerial Personnel.
Bank of India to join social media platforms as part of outreach initiative
Dec 07, 2021, at 11:41 pm
New Delhi: Bank of India has announced plans to join popular social media platforms – Instagram, YouTube and LinkedIn – to connect with existing and new customers as well as increase outreach.
Indian Market: Sensex jumps 886.51 pts
Dec 07, 2021, at 10:53 pm
Mumbai/UNI: The BSE Sensex on Tuesday bounced back 886.51 pts at 57,633.65 following gains in Metal, Bankex, Realty and Finance stocks amid positive Asian Market.