Reports on 152 mineral blocks handed over to state govts so far: Mines ministry
Nov 25, 2021, at 05:36 am
New Delhi/IBNS: The Ministry of Mines has handed over 152 mineral block reports to different state governments so far this year as part of the government's initiative to tap the vast mineral resources of the country, an official statement said.
Niti Aayog proposes idea of 'full-stack' digital banks, seeks comments
Nov 25, 2021, at 04:52 am
New Delhi/IBNS: Government think tank Niti Ayog has proposed setting up of “full-stack" digital banks to solve and mitigate credit penetration challenges by utilising the unprecedented level of technology-led digitization and digital disruption in the country.
India signs 300 million loan agreement with ADB to improve health care in 13 states
Nov 25, 2021, at 04:02 am
New Delhi/IBNS: The government of India and the Asian Development Bank (ADB) have signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas, a statement said on Wednesday.
Tariff hike will boost loss-making Vodafone's EBITDA by 70 pc: Report
Nov 25, 2021, at 02:35 am
Mumbai/IBNS: Vodafone Idea is likely to see almost 70 percent and 14 percent jumps in operating income and revenue respectively in FY22 following a hike in all prepaid tariffs by up to 25 percent, provided it does not suffer consequent market share losses, ET reported citing analysts.
Govt panel working with BIS, energy body on system for rating auto tyres: PCRA
Nov 25, 2021, at 01:01 am
New Delhi/UNI: India may follow in the footsteps of the European Union, Japan and South Korea in rating automobile tyres as per their fuel efficiency and rolling resistance in a wider effort to empower consumers and allow them to take informed decisions about their purchases, the Petroleum Conservation Research Association (PCRA) said Wednesday.
IMF cautions El Salvador against using bitcoin as legal tender
Nov 25, 2021, at 12:09 am
Washington/IBNS: The International Monetary Fund (IMF) has said El Salvador should stop using bitcoin as legal tender due to its high price volatility and consequent risks to consumer protection.
Maruti Suzuki moves down by 2.62 pc to Rs 7645
Nov 24, 2021, at 11:16 pm
Mumbai//UNI: Maruti Suzuki on Wednesday fell by 2.62 per cent to Rs 7645, a major loser in 30 scrips of BSE.
Indian Market: Sensex down 323.34 pts
Nov 24, 2021, at 11:13 pm
Mumbai, Nov 24 (UNI) The BSE Sensex on Wednesday slipped 323.34 pts to close at 58,340.99 as selling was seen in Materials, Energy and FMCG stocks.
Tata Steel executes the inaugural blockchain enabled trade between India and Bangladesh
Nov 24, 2021, at 09:34 pm
Mumbai: Tata Steel has executed a blockchain enabled paperless export order with a metals major in Bangladesh.
Noel Tata steps down from all executive posts in Tata Group
Nov 24, 2021, at 08:57 pm
Mumbai/IBNS: Noel Tata has stepped down as the managing director of Tata International after turning 65, the retirement age for the senior personnel in Tata Group, Economic Times reported.
Indian Market: Sensex advances over 100 pts
Nov 24, 2021, at 04:41 pm
Mumbai/UNI: The BSE Sensex on Wednesday gained by 178 pts at 58,842.54 in opening trade, as buying was seen across the board.
India, China, Japan, US to release crude oil together to control prices
Nov 24, 2021, at 07:19 am
New Delhi/IBNS: India has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves (SPR) in parallel and in consultation with other major global energy consumers including the USA, China, Japan, and South Korea in order to curb the steep rise in petrol prices.
IT raids on Gujarat Gutkha distributor detect Rs 100 cr unaccounted income
Nov 24, 2021, at 06:42 am
New Delhi/IBNS: The Income Tax department has detected unaccounted income of more than Rs 100 crore during a series of raids at the properties of a leading Gutkha distributor in Ahmedabad, the Finance Ministry said in a statement.
Crypto markets fall as govt readies to pass bill to bar pvt cryptocurrencies
Nov 24, 2021, at 06:10 am
New Delhi/IBNS: The crypto markets fell sharply in India after the news of the government introducing a Bill to prohibit all private cryptocurrencies in the Parliament, leaving a few in order to "promote the underlying technology of cryptocurrency and its uses".
Powerhouse91 acquires fitness brand Slovic, targets 15-20x growth
Nov 24, 2021, at 04:16 am
New Delhi/IBNS: E-commerce aggregator Powerhouse91 announced the acquisition of Slovic, a sports and fitness brand, following the company's recent acquisition of a feminine wellness brand Azah.
Indian Market: Sensex regains 198.44 pts
Nov 23, 2021, at 11:20 pm
Mumbai/UNI: Snapping a losing steak of last four sessions, the BSE Sensex on Tuesday recovered 198.44 pts to close at 58,664.33 on the strength of Power, Metal, Realty and Industrials stocks.
Jammu and Kashmir economy will double in next few years: Nirmala Sitharaman
Nov 23, 2021, at 11:13 pm
Jammu/UNI: Stating that Jammu and Kashmir is rapidly passing through a developmental phase, Union Finance Minister Nirmala Sitharaman on Tuesday said that the economy of Jammu and Kashmir will be doubled in the next few years.
Indian Market: Sensex down over 200 pts
Nov 23, 2021, at 09:21 pm
Mumbai/UNI: The BSE Sensex continued to slide for the fifth session on Tuesday as it dropped 261 pts to 58,204.33 in opening trade, as heavy selling was witnessed in Energy, Finance, IT and Bankex stocks.
Kotak Mahindra Bank launches Fintech Hackathon for gen-next
Nov 23, 2021, at 08:29 pm
Kolkata/IBNS: Kotak Mahindra Bank Limited (KMBL) Monday launched their inaugural edition of a pan-India fintech hackathon- “Reign: REImaGiNe the way we bank!” targeting participation from undergraduate Indian engineering students.
JSPL's African arm to build Botswana coal mine next year
Nov 23, 2021, at 08:19 pm
Gaborone/IBNS: Indian industrial major Jindal Steel and Power Ltd (JSPL) will construct a coal mine in Botswana's Mmamabula coalfields in 2022 to cater to the export market and supply a planned coal-fired power plant, Reuters reported.
SpiceJet to bring back Boeing 737 MAX after 2 years, will offer free broadband
Nov 23, 2021, at 06:07 am
New Delhi/IBNS: The Boeing 737 MAX jetliner, which was grounded for more than two years after 346 people were killed in two fatal air crashes, will be operational by low-cost carrier SpiceJet.
Sensex slumps 1170.12 pts to end at 58,465.85
Nov 22, 2021, at 11:52 pm
Mumbai/UNI: The equity market continued to slide for the fourth consecutive session on Monday, as the BSE Sensex crashed 1170.12 pts to close below 59K at 58,465.85 following heavy selling in Realty, Consumer Durable, Oil and Gas and Energy stocks amid weak Asian Market.
Bajaj Finance moves down by 5.48 pc to Rs 7081.40
Nov 22, 2021, at 11:48 pm
Mumbai/UNI: Bajaj Finance on Monday tumbled down by 5.48 pc to Rs 7081.40, a major loser in 30 scrips of the BSE.
Indian Market Bleeds: Sensex crashes 1170.12 pts
Nov 22, 2021, at 10:11 pm
Mumbai/UNI: The BSE Sensex on Monday crashed 1170.12 pts to close below 59K at 58,465.85 following heavy selling in Realty, Consumer Durable, Oil and Gas and Energy stocks amid weak Asian Market.
Bharti Airtel spikes mobile pre-paid charges by 20-25%, data top-up rates also increased
Nov 22, 2021, at 06:57 pm
New Delhi/UNI: Biting the bullet finally, Bharti Airtel on Monday announced to raise pre-paid mobile tariffs in the range of 20-25% with effect from November 26, 2021.
Indian Market: Sensex crashed over 600 pts
Nov 22, 2021, at 06:52 pm
Mumbai/UNI: The BSE Sensex was in red for the fourth straight session on Monday as it fell by 677.62 pts to 59,958.39 in opening trade, as selling was seen across the board.
Anand Mahindra to support indigenous motorised wheelchair startup
Nov 22, 2021, at 06:55 am
Chennai/IBNS: Business tycoon Anand Mahindra, who freuently lauds and supports inovation and novel ideas on social media, has given his thumbs up to an indigenous motorised wheelchair battery operated vehicle called 'NeoBolt'.
Monetisation of non-core assets: 6 BSNL,MTNL assets put up for bidding
Nov 22, 2021, at 06:07 am
New Delhi/IBNS: Six properties of state-owned telecom carriers Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have been put up for bidding on the MSTC portal.
RBI panel suggests separate law to prevent illegal digital lending activities
Nov 22, 2021, at 05:21 am
Mumbai/IBNS: A Working Group formed by the Reserve Bank of India (RBI) has made several recommendations, including separate laws to stop illegal digital lending activities, verification of digital lending apps by a nodal agency and establishing a self-regulatory organisation (SRO) covering the participants in the digital lending ecosystem.
Indian Exporters on Amazon gear up for the Black Friday and Cyber Monday Sale
Nov 22, 2021, at 12:29 am
Kolkata/UNI: Amazon India Sunday announced that more than 70,000 Indian exporters which are part of its 'Global Selling Program' have geared up to present ‘Made in India’ products to Amazon's customers during the annual Black Friday and Cyber Monday (BFCM) sale.