SEBI allows NRI, OCI participation in IFSC-based FPIs to bolster investments in India
Jun 28, 2024, at 11:17 pm
Mumbai: The Securities and Exchange Board of India (SEBI) has approved major changes to enhance investments in India by Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs), media reported.
60% of MSMEs plan to digitize their business by 2025: Vi report
Jun 28, 2024, at 10:15 pm
Kolkata: Almost 60% of MSMEs plan to digitize their business processes by 2025, according to Vi Business ReadyforNext MSME growth insights study.
Reliance Industries crosses Rs 21 lakh cr market cap after Jio tariff hikes
Jun 28, 2024, at 10:12 pm
Mumbai: Reliance Industries Ltd has surpassed a market capitalisation of Rs 21 lakh crore after a stock surge of more than 20 percent this year, becoming the first Indian company to achieve this milestone, media reported.
Aditya Birla's MSME lending platform Udyog Plus garners 8 lakh users in 9 months; AUM at Rs 250 cr
Jun 28, 2024, at 08:53 pm
Kolkata: Aditya Birla Finance Limited’s (ABFL) B2B lending platform Udyog Plus has attracted over 8 lakh users in the MSME sector within nine months of its launch, the company said in a press release.
After Reliance Jio, now Airtel hikes tariffs significantly
Jun 28, 2024, at 07:37 pm
Mumbai/IBNS: In what would affect the customers' monthly budget, Bharti Airtel on Friday announced a significant hike in its tariffs following the footsteps of its competitor Reliance Jio.
CtrlS Datacenters Ltd lays out expansion plans for Kolkata
Jun 28, 2024, at 07:32 pm
Kolkata/IBNS: CtrlS Datacentres Ltd, an India-based datacentre operator with over 250 MW live datacenter footprint across eight major markets in the country, has unveiled major expansion plans for Kolkata with an aim to develop a complete ecosystem of cutting-edge Artificial Intelligence (AI)-ready datacentres and advanced network to serve the connectivity needs of enterprises and hyperscalers in the region.
Market touches record high during morning trading, Sensex jumps to 79,457
Jun 28, 2024, at 03:43 pm
The trading session commenced on a positive note with benchmark equity indices touching new highs on Friday.
Jun 28, 2024, at 05:25 am
Mumbai: The inclusion of Indian Government Bonds (IGBs) in JP Morgan’s emerging markets bond indices will commence on Friday (June 28).
Reliance Jio hikes tariff, highlights its 5G network and AI-enabled services
Jun 28, 2024, at 04:36 am
Mumbai: Reliance Jio Infocomm Ltd, India's largest telecom provider, announced a series of new unlimited plans set to take effect on July 3.
MSME ministry launches initiative to onboard 5 lakh MSMEs on ONDC
Jun 28, 2024, at 03:02 am
New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSMEs) Jitan Ram Manjhi launched an initiative to onboard 5 lakh micro and small enterprises onto the Open Network for Digital Commerce (ONDC) platform.
Govt receives Rs 11,300 cr as 5G spectrum auction ends, Airtel emerges top bidder
Jun 27, 2024, at 06:25 am
New Delhi: The auction for 5G spectrum for mobile radio services concluded with telecom firms bidding around Rs 11,300 crore, reported The Economic Times on Wednesday.
Indian economy continues growth dynamism, FY25 GDP may come close to 7.5 pct: NCAER
Jun 27, 2024, at 06:21 am
The latest monthly data released in June show resilience and growth dynamism of the Indian economy, according to the Monthly Economic Review released by National Council of Applied Economic Research (NCAER) on Wednesday.
Vodafone Idea buys spectrum worth Rs 3,510 cr to enhance overall network
Jun 27, 2024, at 06:00 am
New Delhi: Cash-strapped telecom operator Vodafone Idea has acquired spectrum worth Rs 3,510 crore to enhance its 4G network coverage and launch 5G services, the company announced on Wednesday.
Vodafone Idea in talks with Samsung for new 4G, 5G tech solutions
Jun 27, 2024, at 05:28 am
Mumbai: Vodafone Idea is in active discussions with Samsung about new technologies, including virtualized Radio Access Network (vRAN) solutions for their 4G and 5G networks, according to a company statement.
Jun 27, 2024, at 04:27 am
New Delhi: JSW Energy Limited on Wednesday said that its wholly-owned subsidiary JSW Neo Energy Limited has inked Power Purchase Agreements (PPAs) for wind and solar power generation projects with a combined capacity of 1,325 megawatts (MW).
SBI raises Rs 10,000 cr via infra bonds
Jun 27, 2024, at 04:19 am
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
Bharti Airtel acquires 97 MHz of spectrum across 3 frequency bands worth Rs 6,857 cr for 20 yrs
Jun 27, 2024, at 04:10 am
New Delhi: Telecom giant Bharti Airtel has acquired 97 MHz of spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands at an auction on Wednesday, costing Rs 6,857 crore.
Jun 26, 2024, at 10:22 pm
India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 per cent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das.
Punjab’s rooftop solar push struggles amid free power surge
Jun 26, 2024, at 08:13 pm
In a stark turn of events impacting Punjab’s energy trajectory, the state’s ambitious push towards renewable energy through rooftop solar installations has hit a snag. The Punjab government’s populist move to provide free electricity to agricultural and domestic sectors has inadvertently led to a decline in the adoption of rooftop solar systems among residential consumers.
Indian Market: BSE, Nifty touch all-time high
Jun 25, 2024, at 11:11 pm
The Indian Benchmark indices touched all-time high figure in Tuesday as BSE Sensex touched 52-week high of 78164.71.
India's January-March current account balance at 0.6% surplus riding on high service exports
Jun 25, 2024, at 02:03 am
Mumbai: India's current account balance recorded a surplus in the January-March quarter, driven largely by higher service exports and private transfer receipts, according to the Reserve Bank of India (RBI).
Britannia set to shut historic biscuit unit in Kolkata's Taratala, all permanent workers accept VRS
Jun 24, 2024, at 10:51 pm
Kolkata/IBNS: All permanent workers of Britannia Industries Limited's Taratala factory have accepted the Voluntary Retirement Scheme (VRS) as the food products company is all set to permanently close its historic biscuit production unit in Kolkata's Taratala, reports said.
We stood firm in face of adversity, Gautam Adani at AGM on Hindenburg storm of past year
Jun 24, 2024, at 10:12 pm
New Delhi/IBNS: Reacting to the attack by foreign shot-seller Hindenburg, Adani Enterprises Chairman Gautam Adani on Monday said the company fought to defend its integrity and reputation and came out stronger.
The Importance of Business Loans for Risk Management Introduction
Jun 24, 2024, at 06:03 pm
Being an entrepreneur in today’s world means you should primarily work towards mitigating risks of your business. Assessment of risks happens to be a primary criterion, therefore, as risks can affect your business performance.
GST Council tweaks rates for range of products and services
Jun 23, 2024, at 06:51 am
New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.
Jun 22, 2024, at 07:36 pm
Mumbai/IBNS: Billdesk, Cred, PhonePe, and Infibeam Avenues are among the fintech companies that will be impacted by the latest regulation of the Reserve Bank of India (RBI) requiring credit card bill payments to be routed through the central bank's centralised billing network.
Google defers experiment to increase RMG apps on Play Store
Jun 22, 2024, at 05:44 am
Tech giant Google on Friday announced it is pausing its experiment to increase the number of real-money gaming (RMG) apps on its Play Store in countries without a central licensing framework, media reported.
1,500 Tata Steel workers in UK to go on indefinite strike from July
Jun 22, 2024, at 03:02 am
London: Around 1,500 Tata Steel workers in Britain will commence an indefinite strike on July 8 in response to the company's decision to shut down two blast furnaces and eliminate up to 2,800 jobs, Reuters reported citing the trade union Unite.
Deepak Parekh-backed Nephro Care India Ltd to raise around Rs 40 cr through its IPO on NSE Emerge
Jun 22, 2024, at 02:40 am
Kolkata: Deepak Parekh-backed multi-speciality healthcare provider in East India, Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.
Fintech company Pine Labs consider $1 bn IPO in India: Report
Jun 22, 2024, at 02:01 am
Mumbai: Pine Labs Pvt, an Asian digital payments provider supported by Peak XV Partners and Mastercard Inc., is reportedly considering raising about $1 billion through an initial public offering (IPO) in India, media reported.