Adani Power gets creditors' consent to acquire Lanco Amarkantak Power
Mar 06, 2024, at 05:34 am
Mumbai: Adani Power has obtained consent from creditors for its proposed acquisition of insolvent Lanco Amarkantak Power, the company said in a stock market filing.
Singapore's anti-trust watchdog okays Vistara-Air India merger
Mar 06, 2024, at 03:06 am
Singapore's anti-trust regulator announced its approval of the merger between Air India, owned by Tata Group, and Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions, Reuters reported.
RBI prohibits JM Financial Products from financing against shares and debentures
Mar 06, 2024, at 02:19 am
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that JM Financial Products Ltd is barred from offering any type of financing involving shares and debentures, including granting loans against initial public offerings, effective immediately, media reports said.
Sensex slips 195.16 pts in special session
Mar 05, 2024, at 11:19 pm
The BSE Sensex on Tuesday slipped 195.16 pts to settle at 73677.13 on profit booking by local operators.
SBI urges Supreme Court to extend deadline for providing electoral bonds info
Mar 05, 2024, at 03:03 am
New Delhi/IBNS: The State Bank of India (SBI) has requested the Supreme Court to extend the deadline till June 30 for providing information about electoral bonds to the Election Commission.
Sensex rises marginally by 66.14 pts as market closes
Mar 04, 2024, at 10:30 pm
The BSE Sensex on Monday advanced 66.14 pts to close at 73872.29 as renewed buying was witnessed in Oil & Gas, Power, Utilities and Energy stocks.
Sensex opens flat at 73903.09 points during opening trade
Mar 04, 2024, at 04:18 pm
The BSE Sensex on Monday was almost flat to open at 73903.69', rising 17 points as buying was seen in oil and gas, power, and real estate stocks.
India maintains its status as the world’s fastest-growing economy with 8.4 pct growth
Mar 04, 2024, at 01:00 am
In a testament to its resilience and growth trajectory, India has once again emerged as the world’s fastest-growing major economy, showcasing an impressive 8.4% expansion in the final quarter of 2023 compared to the previous year.
OpenAI CEO Sam Altman's net worth reaches $2 billion: Bloomberg Billionaire Index
Mar 03, 2024, at 07:38 pm
Sam Altman, the Founder and CEO of OpenAI, saw his net worth reach $2 billion according to the Bloomberg Billionaire Index. However, it's noteworthy that despite his leadership in the AI research firm, the company's financial prosperity doesn't factor into this valuation.
APEDA facilitates India’s first commercial trial shipment of Sangola pomegranates to the US via sea
Mar 02, 2024, at 08:12 am
New Delhi: India successfully flagged off its first commercial trial shipment of pomegranates to the United States via sea on Wednesday.
CIL signs Mou with IIM Mumbai and Sambalpur to boost logistics efficiency
Mar 02, 2024, at 07:59 am
New Delhi: State-owned miner Coal India Limited (CIL) entered into a Memorandum of Understanding (MoU) with the Indian Institute of Management (IIM) Mumbai and Sambalpur on Friday to boost logistic efficiency.
GRSE pays interim dividend of Rs 90.73 crores for FY 2023-24
Mar 02, 2024, at 07:38 am
New Delhi: Warship builder Garden Reach Shipbuilders and Engineers Ltd (GRSE) has paid an interim dividend of Rs 90.73 crore for FY 2023-24 to its shareholders.
Paytm Payments Bank fined Rs 5.49 cr for flouting money laundering regulations
Mar 02, 2024, at 05:54 am
Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).
C-DOT and Qualcomm sign MoU to build innovative telecom solutions in India
Mar 02, 2024, at 05:14 am
New Delhi: The Centre for Development of Telematics (C-DOT) announced plans to collaborate with Qualcomm Technologies Inc, a subsidiary of Qualcomm Incorporated, to establish a strategic partnership that will foster innovation in India and support India-based developers and start-ups working on innovative products and use cases.
Torrent Power wins 100 MW renewable power project of Railway Energy Management Company
Mar 02, 2024, at 04:52 am
New Delhi: Private integrated power utility major Torrent Power on Friday said it has emerged as the successful bidder for setting up grid-connected renewable power projects for the supply of 100 MW round-the-clock power for Railway Energy Management Company Limited.
NEFT witnesses highest ever daily transaction on Feb 29
Mar 02, 2024, at 04:31 am
Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.
Mar 02, 2024, at 03:29 am
New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
TVS Motor Company registers sales grow by 33 pct in February
Mar 01, 2024, at 11:32 pm
Automobile major TVS Motor Company recorded monthly sales of 368,424 units in February 2024 with a growth of 33% as against 276,150 units in February 2023.
Mahindra Auto sells 42,401 SUVs in February 2024, sales up 40 pct
Mar 01, 2024, at 11:30 pm
Auto major Mahindra & Mahindra Ltd. (M&M Ltd.) on Friday announced that its overall auto sales for the month of February 2024 stood at 72,923 vehicles, a growth of 24%, including exports.
Paytm and PPBL agree to discontinue various inter-company agreement
Mar 01, 2024, at 11:27 pm
Within days of reconstituting the Board of Directors, One 97 Communications Ltd (Paytm) on Friday said that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.
GST Revenue collection at Rs 1,68,337 cr in Feb 2024
Mar 01, 2024, at 11:23 pm
The government said on Friday that the GST collection in the month of February stood at Rs 1,68,337 crore, marking a robust growth of 12.5 percent over the same month last year.
Sensex closes at lifetime high figure of 73745.35
Mar 01, 2024, at 11:16 pm
The BSE Sensex on Friday zoomed 1245.05 points to close all time high at 73745.35, getting strong signals from the US market and good Q3 GDP data.
Samsung Semiconductor India Research opens 2nd facility in Bengaluru
Mar 01, 2024, at 06:09 am
Bengaluru: Samsung Semiconductor India Research (SSIR) Thursday announced the opening of its new R&D facility in Karnataka's capital Bengaluru.
Mar 01, 2024, at 05:52 am
Kolkata: Mahindra Logistics Ltd will commence operations of a 1.1 lakh sq. ft. fulfillment centre in West Bengal's Malda dedicated to handling fulfillment and last-mile deliveries, the company said on Thursday.
India grows by 8.4% in Oct-Dec quarter defying expectations
Mar 01, 2024, at 01:15 am
New Delhi: India's economy surged by 8.4% in the quarter ending in December, surpassing expectations, driven by strong expansion in manufacturing and construction sectors.
CIL & BHEL to sign JVA to set up ammonium nitrate plant
Feb 29, 2024, at 11:01 pm
New Delhi: Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) formally signed a joint venture agreement (JVA) on Wednesday in Delhi for setting up an ammonium nitrate plant through the surface coal gasification (SCG) technology route.
Baskin Robbins to open 1000th store by 2024 in India and SAARC region
Feb 29, 2024, at 10:20 pm
Mumbai: Graviss Foods Pvt Ltd which owns Baskin Robbins brand of ice cream is set to open its 1000th ice cream store in India and the SAARC region in 2024.
RBI revises norms related to Regulatory Sandbox scheme
Feb 29, 2024, at 06:00 am
Mumbai: The Reserve Bank of India Wednesday made some adjustments to the guidelines for the Regulatory Sandbox (RS) program.
Feb 29, 2024, at 05:13 am
Abu Dhabi: India has emphatically called for the restoration of the Appellate Body as the top-most priority of any reform process, along for the effective formalisation of the ongoing informal dispute settlement reform discussions among some members at the WTO.
Q3FY24 GDP to drop to 6.7-6.9% due to poor agri performance
Feb 29, 2024, at 04:36 am
Mumbai: The Indian economy is expected to grow by 6.7-6.9 percent in the December quarter of FY24, down from the 7.6 percent growth recorded in the second quarter, according to a report by SBI Research released on Wednesday.