Tata Sons working on merger of Air Asia India with Air India Express: Report
Nov 18, 2021, at 11:53 pm
Mumbai/IBNS: Tata Sons has started working on the merger of budget carrier Air Asia India with Air India's low fair wing Air India Express in a bid to achieve synergies and cut operational costs, Economic Times reported.
RBL Bank authorised by RBI to Collect Direct Taxes
Nov 18, 2021, at 09:37 pm
Mumbai/IBNS: RBL Bank has been authorised by the Reserve Bank of India (RBI), based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Invesco delays launch of blockchain mutual fund over regulatory uncertainty
Nov 18, 2021, at 09:12 pm
Mumbai/IBNS: Invesco Mutual Fund (MF) has decided to hold the launch of its first-in-India blockchain fund because of regulatory uncertainty.
Paytm shares plunge on weak stock market debut
Nov 18, 2021, at 06:30 pm
Mumbai/IBNS: Digital payment app Paytm made a weak debut in the stock market with its shares nosediving by 26 percent on Thursday, media reports said.
SIDBI joins hands with Google to help MSMEs
Nov 18, 2021, at 05:56 pm
Mumbai/IBNS: Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has entered into a partnership with Google India Pvt. Ltd. (GIPL) for having a pilot social impact lending programme with financial assistance up to Rs. 100 lakh at subsidized interest rates targeted at micro enterprises.
Nov 18, 2021, at 05:05 pm
New Delhi/UNI: The prices of petrol and diesel remained unchanged for two weeks in a row on Thursday.
Black money in primary housing market dropped by 75-80 pc post demonetisation: Anarock
Nov 18, 2021, at 06:48 am
Mumbai/IBNS: There has been a drop of 75-80 percent in cash transactions in primary residential market after demonetisation in late 2016, housing brokerage firm Anarock on Wednesday said.
India continues to lead in fintech investments, says S&P Global
Nov 18, 2021, at 06:21 am
New Delhi/IBNS: India has continued to top fintech investments in the Asia-Pacific region with $1.93 billion raised across 66 deals in the July-September quarter, according to S&P Global Market Intelligence.
Govt may permit crypto as an asset, not as currency: Report
Nov 18, 2021, at 03:46 am
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
LIC's IPO likely by 4th qtr of this financial year, says DIPAM Secretary
Nov 18, 2021, at 12:04 am
Mumbai/IBNS: State-backed Life Insurance Corporation's (LIC) IPO is expected to hit the market by the fourth quarter of the present financial year, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said Wednesday, media reported.
Ola Electric customises Ola S1 Pro for The Netherlands Embassy in India
Nov 17, 2021, at 11:36 pm
Bangalore: Ola Electric, a leading manufacturer of electric two-wheelers, on Wednesday announced that it is building nine (9) customized Ola S1 Pro scooters for the Embassy of The Netherlands on special order.
L&T Technology Services share prices jump after partnership with Mavenir and NVIDIA
Nov 17, 2021, at 11:12 pm
Bengaluru/IBNS: Engineering services company L&T Technology Services Ltd (LTTS) Wednesday announced that it has been selected as an engineering partner by Mavenir and NVIDIA to accelerate the adoption of AI-on-5G.
Mahindra Finance enters new age Vehicle Leasing, Subscription business under ‘Quiklyz’ brand
Nov 17, 2021, at 09:32 pm
Mumbai: Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), part of the diversified Mahindra Group,on Wednesday announced the official launch of its leasing and subscription business ‘Quiklyz’.
Ola strengthens its leadership team, hires top talent across businesses
Nov 17, 2021, at 06:42 pm
New Delhi: Mobility platform Ola has announced key leadership appointments across Ola Financial Services, Ola Cars, and Ola Electric.
IndusInd Bank launches ‘Indus Merchant Solutions’
Nov 17, 2021, at 06:13 pm
New Delhi:: IndusInd Bank on Wednesday announced the launch of ‘Indus Merchant Solutions’ a comprehensive mobile application (app) to enable merchants, retailers and professionals to carry out banking transactions digitally, on a single platform.
PwC to assist Snapdeal with its Environment, Social and Governance (ESG) programs
Nov 17, 2021, at 05:57 pm
New Delhi: E-commerce company Snapdeal announced the appointment of PricewaterhouseCoopers Services LLP (“PwC”) for providing assistance on its Environment, Social and Governance (ESG) programmes.
RBI Governor asks banks to strengthen grievance redressal mechanism
Nov 17, 2021, at 05:51 pm
Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das Tuesday urged banks to revamp and strengthen their grievance redressal mechanisms to minimise the escalation of grievances to the central bank ombudsman.
Sensex opens in red at 60,193.22, tumbles 129.15 points
Nov 17, 2021, at 04:09 pm
Mumbai/UNI: The BSE benchmark index, the Sensex and the NSE Nifty opened in red territory on Wednesday, for the second day in a row.
Cipla's portable, wireless spirometer to ease diagnosis of COPD, asthma
Nov 17, 2021, at 02:37 pm
Mumbai/IBNS: Indian multinational pharma giant Cipla Limited (BSE: 500087; NSE: CIPLA EQ) Wednesday announced the launch of Spirofy, India's first pneumotach based portable, wireless spirometer, on World COPD Day, the company said in a BSE filing.
Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das
Nov 17, 2021, at 02:02 pm
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.
SEBI issues consultation paper seeking monitoring of tech firms' fund use for acquisitions
Nov 17, 2021, at 01:48 pm
Mumbai/IBNS: Securities and Exchange Board of India (SEBI) has issued a consultation paper focusing on the need to have more monitoring on how new-age tech firms are utilising funds for acquisitions, according to media reports.
Rakesh Jhunjhunwala backed Akasa Air orders 72 Boeing 737 MAX aircrafts
Nov 17, 2021, at 06:17 am
Mumbai/IBNS:Billionaire investor Rakesh Jhunjhunwala backed Indian startup -- Akasa Air -- on Tuesday placed an order for 72 Boeing 737 MAX jets, valued at nearly $9 billion, media reports said.
TCS employees to spend only 25 pc time in office by 2025
Nov 17, 2021, at 04:09 am
Bengaluru/IBNS: Tata Consultancy Services (TCS) is all set to start the preperations for its '25/25' model which is expected to be implemented by 2025.
‘EyeMyEye’ achieves valuation of Rs102 crores after Rs 20.5 crores infusion from marquee investors
Nov 17, 2021, at 01:33 am
Kolkata/IBNS: EyeMyEye, online eyewear retailer, crossed a milestone valuation of over Rs 102 crores after raising Rs 20.5 crore through Angels and HNI in Pre Series A funding, the company said.
Millennials prefer complete online journey for purchasing tyres : CarDekho Survey
Nov 17, 2021, at 12:21 am
Kolkata/IBNS: Consumers are increasingly researching and booking tyres online to be delivered and fitted at their doorstep as per a CarDekho survey.
Govt to finance 2 lakh entrepreneurs under self-employment schemes: Jammu and Kashmir LG Manoj Sinha
Nov 16, 2021, at 11:18 pm
Jammu: Lieutenant Governor Manoj Sinha has set the target of two lakh cases for the UT administration for sanctioning and financing under self employment schemes today, while reviewing the status of self employment schemes with Secretaries and senior bank officials here at Civil Secretariat.
Axis Mutual Fund launches ‘Axis Multicap Fund’
Nov 16, 2021, at 08:41 pm
Mumbai: Axis Mutual Fund on Tuesday announced the launch of their new fund offer named ‘Axis Multicap Fund’.
Kotak Mahindra Bank and PVR Cinemas launch India’s first co-branded Movie Debit Card
Nov 16, 2021, at 07:25 pm
Mumbai/IBNS: Celebrating the return of the silver screen with the reopening of cinema halls, Kotak Mahindra Bank (KMBL) and PVR Cinemas have announced the launch of the Kotak PVR Movie Debit Card - India’s first co-branded movie debit card.
Indian Market: Sensex opens in red at 60,587.43, tumbles 131 points
Nov 16, 2021, at 03:55 pm
Mumbai/UNI: The BSE benchmark index, the Sensex and the NSE Nifty opened in red territory on Tuesday.
States should leverage opportunities to scale up investments and growth: Nirmala Sitharaman
Nov 16, 2021, at 06:05 am
New Delhi/IBNS: Union Finance Minister Nirmala Sithraman on Monday directed states to leverage opportunities to scale up investments and growth with Centre's reforms to make India globally and domestically attractive in terms of being business-friendly.