RBI unlikely to postpone policy shift despite limited impact of Iran-Israel tensions
Oct 07, 2024, at 09:13 pm
Mumbai/IBNS: The growing tensions between Israel and Iran are not expected to prompt the Reserve Bank of India (RBI) to delay its shift in monetary policy, as experts suggest the impact on the economy and crude oil prices remains minimal, reports Moneycontrol.
Ola Electric shares slip over 9% amid spat between CEO Bhavish Aggarwal and comedian Kunal Kamra
Oct 07, 2024, at 08:25 pm
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped by 9.4 percent to Rs 89.7 during Monday's (Oct. 7) intraday trading on the BSE, following a heated exchange between the company's CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter).
New 2024 Nissan Magnite Facelift launched in India at Rs 5.99 lakh
Oct 05, 2024, at 08:26 pm
New Delhi/IBNS: Nissan Motor India on Friday (Oct. 4) introduced the facelifted version of the Magnite in the Indian market, starting at an introductory price of Rs. 5.99 lakh (ex-showroom).
SBI classifies MTNL loan accounts as sub-standard NPA: Report
Oct 05, 2024, at 05:25 am
Mumbai: State Bank of India has classified the loan accounts of debt-laden state-owned MTNL as sub-standard non-performing assets due to missed payments of instalments and interest since June 30, according to a regulatory filing by the telecom firm, media reports said.
EU to proceed with significant tariffs on Chinese EVs: Report
Oct 05, 2024, at 04:59 am
Brussels: The European Union plans to proceed with imposing major tariffs on Chinese-made electric vehicles, the EU executive announced on Friday, despite opposition from Germany, the bloc's largest economy, Reuters reported.
India’s Forex reserves reach record high of $704.89 billion
Oct 05, 2024, at 03:24 am
New Delhi: India's foreign exchange reserves have surged to an all-time high of $704.89 billion, marking an increase of $12.5 billion as of September 27, according to data from the Reserve Bank of India (RBI) released on Friday.
Oct 05, 2024, at 01:38 am
New Delhi: Troubled-airline SpiceJet deposited provident dues accumulated over the past 10 months, media reports said.
Jawa Yezdi Motorcycles introduces the Striking new Jawa 42 FJ in West Bengal
Oct 04, 2024, at 11:10 pm
Jawa Yezdi Motorcycles (JYM), the pioneers of the 'Neo-Classic' segment in India, on Friday launched the all-new 350 Jawa 42 FJ, the latest member of the Jawa 42 Life series in West Bengal.
Adani Group to supply clean energy for Google's cloud operations in India
Oct 04, 2024, at 10:26 pm
Mumbai: Adani Group announced it will supply clean energy to power Google's cloud services and operations in India, leveraging a new solar-wind hybrid project at its 30 GW Khavda renewable energy park in Gujarat, media reports said.
JSW MG Motor India and Vision Mechatronics unveil India’s first high-voltage second-life battery
Oct 04, 2024, at 09:52 pm
Noida: JSW MG Motor India collaborated with Vision Mechatronics to launch India’s first high-voltage second-life battery, integrated with an indigenous Battery Management System (BMS), media reports said.
Over 1.7 lakh units of Mahindra Thar Roxx booked in just 60 mins
Oct 04, 2024, at 09:47 pm
Mumbai/IBNS: Mahindra recently opened bookings for the 5-door Thar Roxx, and within just the first hour, the SUV received an impressive 1,76,218 bookings in India, reports said.
Singapore-based Temasek in talks for $1 billion-plus stake in Haldiram Snacks: Report
Oct 04, 2024, at 08:25 pm
Mumbai/IBNS: Temasek Holdings Pte. is in discussions to acquire a minority stake in Haldiram Snacks Pvt Ltd., potentially valuing India’s largest snack producer at approximately $11 billion, Bloomberg reported, citing sources familiar with the matter.
Apple plans four new retail stores in India, announces 'Made in India' iPhone 16 Pro, Pro Max
Oct 04, 2024, at 08:20 pm
Mumbai/IBNS: American tech giant Apple is set to open four new retail stores in India and has started manufacturing its iPhone 16 Pro models locally, as part of its effort to strengthen its presence in the world's second-largest smartphone market.
YouTube’s Ishan Chatterjee appointed as JioCinema's chief business officer
Oct 04, 2024, at 07:15 pm
Mumbai/IBNS: JioCinema, the streaming service owned by Reliance Industries Ltd., has named Ishan Chatterjee as its new chief business officer, signaling its intention to further grow its digital offerings.
Union Cabinet approves Chennai Metro Rail Phase-II and Diwali bonuses for railway and port workers
Oct 04, 2024, at 06:08 am
New Delhi: The Union Cabinet on Thursday approved the Ministry of Housing & Urban Affairs' proposal for the Chennai Metro Rail Project Phase-II, which will cover three corridors at a project cost of Rs 63,246 crore.
Swiggy upsizes IPO to Rs 5,000 cr amid growing competition with Zomato: Report
Oct 04, 2024, at 05:39 am
Mumbai: Food tech giant Swiggy has received shareholder approval to increase the size of its primary issue for its upcoming IPO from Rs 3,750 crore to Rs 5,000 crore, media reports said.
Union Cabinet approves 78-day productivity linked bonus for over 11 lakh railway employees
Oct 04, 2024, at 05:03 am
New Delhi: The Union Cabinet has approved the disbursement of a Productivity Linked Bonus (PLB) to 11,72,240 railway employees, with a total financial outlay of Rs 2,028.57 crore.
Global oil prices shoot up for third consecutive day amid escalating Middle East conflicts
Oct 03, 2024, at 08:38 pm
New York/IBNS: Escalating tensions between Israel and Iran in the Middle East have driven global crude oil prices upward, and the situation could worsen following Iran's launch of around 180 ballistic missiles at Israel in response to the deaths of Hamas, Hezbollah, and Iranian military leaders.
Ship queue increases at major US ports as dockworkers' strike enters third day
Oct 03, 2024, at 08:18 pm
New York/IBNS: A growing number of container ships were lined up outside major ports in the United States on Thursday (Oct. 1) as the largest dockworker strike in nearly 50 years entered its third day, disrupting cargo unloading and threatening shortages of goods ranging from bananas to auto parts, media reports said.
Apple may turn to China as fire halts production at Tamil Nadu iPhone plant: Report
Oct 03, 2024, at 08:13 pm
Chennai/IBNS: A fire at Tata Group's plant in Tamil Nadu, which produces components for Apple iPhones, could disrupt production ahead of the festive season sales surge, Reuters reported, citing industry experts and a source familiar with the situation.
ChatGPT maker OpenAI secures $6.6 billion funding with investment from Microsoft, Nvidia
Oct 03, 2024, at 08:07 pm
California/IBNS: American artificial intelligence (AI) research company OpenAI has secured $6.6 billion in investments, potentially valuing the ChatGPT maker at $157 billion, positioning it among the world’s most valuable private enterprises, Reuters reported.
BSE to retain weekly options linked to Sensex after SEBI's new F&O framework: Report
Oct 03, 2024, at 07:06 pm
Mumbai/IBNS: The BSE will continue offering weekly derivative contracts linked to the Sensex, after the new, stricter regulations on equity derivatives set by India's market regulator the Securities and Exchange Board of India (SEBI), Reuters reported, citing two sources familiar with the matter.
Investors' Rs 7 lakh crore wiped out as Sensex plunges over 1,300 points, Nifty50 below 25,550
Oct 03, 2024, at 06:53 pm
Mumbai/IBNS: Benchmark Indian equity indices, BSE Sensex and NSE Nifty50, experienced a significant downturn on Thursday (Oct. 3), with the Sensex plummeting over 1,300 points and the Nifty50 falling below 25,450.
Ajax Engineering files IPO papers with SEBI
Oct 03, 2024, at 06:44 am
Mumbai: Concrete equipment manufacturer Ajax Engineering, which offers services and solutions across the concrete application value chain, has filed the draft red herring prospectus with capital markets regulator SEBI to float an initial public offering.
India’s digital revolution set to create a $1 trillion economy by 2028: Report
Oct 03, 2024, at 06:30 am
New Delhi: India’s financial ecosystem has undergone a significant transformation, driven by deep internet penetration, affordable 4G and 5G services, and a range of government digital initiatives.
Oct 03, 2024, at 05:47 am
Kolkata: Railway Minister Ashwini Vaishnaw on Wednesday said there is a Rs 60,000-crore investment opportunity for the railways in West Bengal, media reports said.
Tesla misses Q3 delivery expectations amid stiff competition in China and Europe: Report
Oct 03, 2024, at 04:25 am
Tesla delivered fewer vehicles than analysts had anticipated in the third quarter, facing pressure from strong competition in China and Europe, which dampened demand for its aging models, Reuters reported.
NBFC loan sanctions rise 12% YoY in Q1FY25, led by growth in home, auto, and personal loans: Report
Oct 03, 2024, at 03:57 am
New Delhi: Loan sanctions by non-banking finance companies (NBFCs) in India saw a 12% year-on-year (YoY) increase in the first quarter of the current financial year (Q1FY25), driven by strong growth in home, auto, and personal credit segments, media reports said.
Reliance Group partners with Bhutan for major solar and hydropower projects
Oct 03, 2024, at 03:37 am
Thimphu: Reliance Group announced a strategic collaboration with the government of Bhutan to develop large-scale solar and hydropower projects.
Adani Enterprises merges two subsidiaries to bolster green energy initiatives
Oct 03, 2024, at 03:35 am
Mumbai: Adani Enterprises Ltd. (AEL) has consolidated two of its subsidiaries with Adani New Industries Ltd. (ANIL) as part of its strategy to enhance its green energy portfolio.